Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

User loses $32 million spWETH in a sophisticated phishing attack

According to crypto security firm Scam Sniffer, 9,145 users were victims of phishing attacks during August 2024, losing funds as a result.

6 things the US needs to stay competitive in crypto, according to execs

The US is in danger of being left behind by more progressive jurisdictions in Asia, Europe and elsewhere.

FTX creditors only getting '10-25% of their crypto back' — creditor

Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value. 

CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28

Binance founder CZ walks free, former Alameda Research CEO Caroline Ellison sentenced to two years, and more: Hodlers Digest

7 confusing crypto terms (almost) nobody understands

The crypto world is full of technical terms, some of which are so difficult that almost no one understands them.

Bitcoin targets $70K as stablecoin inflows and China stimulus boost rally

Bitcoin has surged past $65,000, boosted by China’s stimulus measures and stablecoin inflows.

John Deaton vows to fight federal CBDC, calls it ’a hill to die on’

John Deaton has discussed his stance on US Federal Reserve CBDCs, regulatory clarity and government accountability in his Senate run.

Bitcoin should be treated as a commodity, like gold — Cantor Fitzgerald CEO

Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.

Crypto Fear & Greed Index jumps back into greed territory

Most of August was spent in “Fear” on the Crypto Fear & Greed Index, with sentiment hitting a yearly low of 17 on Aug. 6.

FBI seizes $6M from crypto scammers targeting US citizens

Tether says it aided in the recovery of the stolen crypto by freezing the scammers wallets, which the FBI then seized.  

Bitcoin and Binance token dip slightly as CZ is released

According to a previous Forbes report, Zhao and Binance collectively hold 71% of the roughly 146 million BNB tokens in circulation. 

Binance co-founder CZ free — What’s next and what it means for crypto

After four months in jail and social media discretion, CZ is free. What’s next for the former crypto titan who led Binance to the top?

Canada crypto exchanges get more time for stablecoin compliance

Crypto platforms in Canada are having trouble preparing for new stablecoin regulations. Take your time, the Canadian Securities Administrators said.

Crypto Biz: Bitfarms gets new board after months of power struggles

Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. 

BNB rallies to $600 and traders call for higher — Does data support this view?

Many traders believe Changpeng Zhao’s release will send BNB price into the $700 to $1,000 range, but does BNB Chain activity support this view? 

‘Wealthiest US prisoner’: How did Binance founder CZ get there?

Binance founder and former CEO Changpeng “CZ” Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion.

Binance founder CZ walks free from US prison

He served four months in federal prison for charges including alleged violations of United States Anti-Money Laundering rules.

Fed’s dovish move will slash $625M in interest income for stablecoins

CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.

Price analysis 9/27: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Bitcoin’s break above $65,000 and solid buying in-the-spot BTC ETFs have traders convinced that the bull market is back in full swing.

SEC files ‘settled charges’ against Mango Markets operators 

In 2022, Mango Markets suffered a high-profile exploit perpetrated by Avraham Eisenberg that drained the platform of $100 million.

Pepe gains 30% in a week as memecoin trading volumes explode

Pepe’s trading volumes tripled over the past week, triggering a strong double-digit rally in the frog-themed memecoin.

VanEck eyes $350 Solana price, Tornado Cash dev to face criminal trial: Finance Redefined

Solana’s market cap could reach 50% of Ether’s due to its superior transaction throughput, according to asset management giant VanEck.

Binance transition: Examining the internal overhaul since CZ’s arrest

Following the indictment of its CEO, Changpeng Zhao, Binance now says compliance is at the top of its agenda.

Propelled by crypto inflows, US ETF assets hit record $10 trillion

Cryptocurrency ETFs saw inflows exceeding $20 billion in 2024, according to Morningstar.

UK Gambling Commission charges Sorare for unlicensed facilities

The French website offers NFTs for fantasy sports team competitions and as collectibles. 

Bitcoin at ‘pivotal juncture,’ $60K not out of the picture — Analyst

Crypto analysts say a daily close above $65,000 would confirm “bullish momentum,” but a possible reversal still can’t be ruled out.

Leveraged MicroStrategy ETFs break $400M as ‘hot sauce arms race’ heat up

The ETFs add leverage to MicroStrategy’s already levered-up Bitcoin strategy, and investors can’t seem to get enough.

MicroStrategy S&P 500 listing ‘probably not’ coming despite stellar performance

Inclusion could boost the industry. “Anyone that owns an S&P 500 Index fund will own Bitcoin once MSTR makes it into the index.” 

How metaverse platforms could solve the loneliness epidemic

The growing social media and online gaming usage will require more decentralized and community-owned alternatives.

Bolivia reports 100% rise in virtual asset trading since lifting Bitcoin ban

The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.

Image