The NEAR Foundation has recently announced plans to undergo a significant realignment initiative, which will result in the reduction of its team by approximately 40%. This decision will impact a total of 35 employees across various departments within the organization. In an effort to streamline its operations and improve overall effectiveness, the foundation has determined
Crypto
In this digital age, where data is king and cyber threats loom around every corner, it is important to stay vigilant. The recent hack of major crypto data aggregator Coingecko serves as a sobering reminder of the ever-present danger lurking in the online world. This article delves into the details of the Coingecko hack, highlighting
Bitcoin, the largest digital asset, experienced a momentous day on January 10, 2024, as the US Securities and Exchange Commission (SEC) finally approved spot exchange-traded funds (ETFs) tracking its performance. This long-awaited green light signaled a significant milestone for the cryptocurrency industry. However, the approval did not come without its fair share of hiccups, leading
Celsius, the once-prominent cryptocurrency platform that underwent bankruptcy and recently shifted its focus to Bitcoin mining, has faced criticism for its latest controversial move. The platform has targeted former clients who withdrew their funds before the company had the chance to freeze them. This action has drawn outrage from users as Celsius attempts to label
On January 9th, the U.S. Securities and Exchange Commission (SEC) faced a major embarrassment when their official Twitter account, @SECGov, was compromised. The hacker announced that spot Bitcoin ETFs had been approved, causing a ripple effect in the cryptocurrency community. The following day, the SEC confirmed that the account was indeed hacked, blaming an unidentified
The highly anticipated approval of a spot Bitcoin Exchange-Traded Fund (ETF) has been a subject of discussion among the crypto community. However, a recent revelation by Fox Reporter Eleanor Terrett sheds light on a procedural aspect of the U.S. Securities and Exchange Commission (SEC) that could have a significant impact on the approval process. This
A recent report by Kaiko has shed light on the significant decline in liquidity for privacy tokens. According to the findings, the liquidity for these tokens has plummeted to an all-time low of just $5 million. This alarming drop can be attributed to the delisting of several trading pairs by OKX, a renowned cryptocurrency exchange.
Bitcoin’s recent price dip has triggered the third-highest volume of long liquidations since the bear market reached its lowest point in November 2022. However, a closer analysis by IntoTheBlock reveals an interesting trend in the market. Large Bitcoin holders, who own more than 1% of the total supply, have actively accumulated a substantial amount of
In the increasingly complex and often volatile world of cryptocurrency, trust and transparency are crucial for the success of any exchange. The latest Proof-of-Reserves (PoR) report from Binance not only highlights their commitment to financial integrity but also provides reassurance to their users. By analyzing the key findings of the report, we can delve into
The rise of Bitcoin has been met with a surge in popularity and a growing acceptance of cryptocurrencies as a means of acquiring digital assets. However, despite the continued growth of Bitcoin itself, the number of kiosks providing the option to acquire cryptocurrencies using cash or debit cards has been on a decline. Coin ATM
The cryptocurrency market is witnessing a notable decline in security incidents, according to CertiK’s latest report for 2023. This analysis reveals that the total losses have decreased by 51% compared to 2022, amounting to $1.84 billion across 751 events. Although this decrease is certainly encouraging, further examination of the data sheds light on the persistent
In January of 2023, the popular YouTuber CoffeeZilla uploaded a three-part series exposing the controversies surrounding Logan Paul’s CryptoZoo project. The project, which involved the sale of egg NFTs for an upcoming game, attracted thousands of customers eager to participate. However, the excitement quickly turned into disappointment as the social media accounts associated with the
Bitcoin ETF applicant, VanEck, has recently made a promising commitment to donate 5% of its fund’s profits to Bitcoin Core developers. This pledge comes ahead of the approval to launch by the U.S. Securities and Exchange Commission (SEC), and could potentially serve as a significant lifeline for developers within the crypto network. This article explores
In a recent report by the Wall Street Journal (WSJ), it was revealed that Binance co-founder Yi He holds a minimum of 10% share in Binance’s Cayman Islands holding company. This newfound information sheds light on the significant influence that Yi He wields over the marketing and investment sectors of the company. In fact, in