The recent trial between Alameda Research and FTX has taken an unexpected turn with the testimony of Alameda Research CEO Caroline Ellison. In her testimony, Ellison revealed that she had committed fraud under the direction of Sam Bankman-Fried (SBF), the founder of SBF. Ellison confessed that SBF had instructed her to divert billions of dollars
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The Ethereum market experienced a significant downturn on Monday as the Ethereum Foundation began selling coins. This sudden plunge triggered a chain of liquidation events, causing ETH traders to endure colossal losses in just one day. By October 10th, the Ethereum liquidation figures skyrocketed to over $32 million due to the price crash. The brunt
3Commas, a leading provider of smart trading solutions for cryptocurrency investors, has recently encountered another breach in its security system. This incident has once again raised concerns over the vulnerability of user data and the potential impact on the platform’s reputation. In this article, we will explore the details of the breach and the steps
Circle, the stablecoin issuer, has recently announced its venture into minting USD Coin (USDC) natively on the Ethereum layer-2 scaling protocol, Polygon. This move allows users and developers to access USDC without the need for bridging it from Ethereum to another blockchain. Circle Mint and Circle’s developer application programming interfaces (APIs) now fully support Polygon-based
Despite wider risk concerns surrounding global conflicts and market volatility, the crypto market has remained defiant. The ongoing surge in on-chain crypto prices during Uptober has created a favorable environment for investors. One notable recent development is the explosive growth of Snorlax token (SNOR), which has seen a staggering increase of +500%. The Phenomenon of
Elon Musk finds himself in a difficult situation as he attempts to contest the U.S. Securities and Exchange Commission (SEC). The SEC recently announced legal action against Musk seeking to compel him to comply with a subpoena related to his acquisition of Twitter (now X). Despite receiving the subpoena in May, Musk attempted to avoid
In a week filled with volatility, the cryptocurrency ApeCoin (APE) experienced a punishing reversal, plunging nearly 20%. The sharp selloff has left APE precariously below its immediate support zone, raising concerns among traders about the future direction of the cryptocurrency. APE reached a local high of $1.288 on October 2 before facing firm rejection at
The cryptocurrency exchange UPbit, a major player in the South Korean market, has recently disclosed some alarming statistics regarding hacking attempts. According to data shared by UPbit’s operator, Dunamu, with South Korean politician Rep. Park Seong-jung, there were a staggering 159,061 hacking attempts on the exchange during the first half of this year. This marks
Bitcoin price is currently showing positive signs of holding gains above the $27,450 zone and is eyeing a fresh increase towards the $28,500 resistance. The cryptocurrency market has been quite volatile lately, with Bitcoin experiencing a downside correction after failing to clear the $28,500 resistance zone. However, the price has managed to find support near
In the fast-paced and ever-changing world of Bitcoin, investors and traders constantly monitor whale activities due to their potential impact on the market. These whale transactions, characterized by their large volumes, have the power to initiate a series of market movements. Recently, the Bitcoin community witnessed an intriguing event as a particular whale, dormant for
