Hong Kong-based cryptocurrency exchange BitForex has faced a complete blackout since suspending its website and trading application on February 23. Users have been unable to initiate withdrawals or access the exchange, which previously boasted over $2 billion in trading volume as of February 24. Before the halt, approximately $56 million in cryptocurrencies had been withdrawn...
OpenSea, once a dominant force in the NFT marketplace, has hit turbulent waters. The platform finds itself metaphorically shipwrecked along the digital shores of the Web3 game OpenSeason. This dramatic turn of events comes after OpenSea made the controversial decision to delist the game’s NFT passes, sparking widespread discussion in the community. Developer Fractional Uprising...
New Web3 project Dechat has drawn the wrong kind of attention after unintentionally sharing a honeypot scam link during its token announcement on February 26. This mistake was brought to the project’s notice by popular crypto investigator ZachXBT. Dechat Honeypot Scam Mistakingly Promoted The crypto sleuth shared screenshots showing the Dechat team’s mistake in sharing...
The hacker responsible for the November 2023 KyberSwap attack was spotted on February 26 transferring nearly $2.5 million in cryptocurrency. #PeckShieldAlert #KyberSwap Exploiter-labeled address bridged ~800 $ETH (worth ~$2.5m) from #Arbitrum to #Ethereum pic. .com/xTWO7lOLJY — PeckShieldAlert (@PeckShieldAlert) February 26, 2024 According to an X post by blockchain analytics firm PeckShield, the hacker moved 798.8...
In a bid to increase its institutional clients’ exposure to crypto, U.S. asset manager Fidelity has decided to enable Ethereum (ETH) trading starting October 28, according to a memo sent out by the company. Fidelity’s institutional clients will be enabled this month to buy, sell, and transfer ether, according to the memo whose contents were...
Facebook-owner Meta recorded a loss of over $3.5bn in the third quarter of this year, as the company continues to burn cash on its new Metaverse-related initiative. Overall, Meta saw its revenue fall 4% in the third quarter, while expenses rose by 19% year-over-year to $22.1bn. Compared to the previous year, operating income fell by...
Source: AdobeStock/Photocreo Bednarek U.S. investment firm CoinFund has unveiled plans to sell unregistered securities worth a total of $250 million, securing funds for further investments in crypto startups, according to three filings the company made with the country’s Securities and Exchange Commission (SEC). The New York-based business, which maintains a second headquarters in Miami, will...
Elon Musk. Source: a video screenshot, Elon Musk Zone / YouTube Elon Musk, CEO of Tesla and Twitter, has called on the Federal Reserve to cut interest rates to prevent a potential major recession as the US economy faces the possibility of a severe recession. In reply to a tweet that said a real economic...
Source: AdobeStock / Tom Cathie Wood, CEO of investment management firm ARK Invest, has acquired more shares of major cryptocurrency exchange Coinbase which has lost almost 90% of its value over the past year. The company purchased approximately $5.8 million worth of COIN stock on Thursday, split between the ARK Next Generation Internet (ARKW) and ARK Fintech...
Oki Matsumoto, CEO of Monex Monex Group, a financial services company based in Tokyo, has shown an interest in buying up the Japanese subsidiary of Sam Bankman-Fried’s defunct FTX crypto platform, according to Oki Matsumoto, the CEO of Monex. Talking to Bloomberg, Matsumoto said: “Generally speaking, we are naturally interested.” While he did not go...