The crypto was dormant in the account for over seven years and with the move, a majority found its way to personal wallets.
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10,000 BTC moves off crypto wallet linked to Mt. Gox hack
The crypto was dormant in the account for over seven years and with the move, a majority found its way to personal wallets.
CrossTower eyeing further crypto acquisitions outside of Voyager bid
Crypto exchange CrossTower Inc., which is currently bidding for the assets of Voyager Digital, is reportedly window shopping for other crypto company acquisitions.
In a Nov. 24 Bloomberg report, CrossTower CEO Kapil Rathi revealed that the company is looking to pick up firms with a “good set of customers” and a “good balance sheet” despite the current bear market, stating:
“We’re in a great place to either acquire entities who have a good set of customers with them and a good balance sheet [...] so we are openly looking at different types of companies from an organic growth perspective.”
In September, CrossTower was one of the companies reported to be competing to acquire the assets of bankrupt crypto lender Voyager Digital, along with FTX and Binance.
FTX Trading eventually became the winner of the Voyager bid on Sept. 27 with the sale valued at $1.4 billion.
CrossTower eyeing further crypto acquisitions outside of Voyager bid
CrossTower’s president said they would place extra emphasis on highly transparent and compliance-focused companies in light of the FTX collapse.
Aussies warned to avoid crypto paper wallets they find on the street
Australians have been warned to stay away from suspicious-looking fake Bitcoin paper wallets, which work by luring victims into accessing a lucrative crypto wallet but will ultimately drain them of their own crypto holdings.
According to a Nov. 22 post on the Facebook page of the NSW Police Force, the scam starts as a paper cryptocurrency wallet with a QR code, which is made to appear like a legitimate Bitcoin paper wallet.
These are strewn by scammers in public locations such as streets or parks.
An example of the scam crypto paper wallets. Source: NSW Police ForceAn individual that locates the paper wallet and scans the QR code is directed to click on a link to access a crypto wallet with up to $16,000 Australian dollars ($10,000).
The person is then asked to pay a withdrawal fee and provide their own wallet credentials that will purportedly allow them to transfer the balance into their own crypto wallet.
Aussies warned to avoid crypto paper wallets they find on the street
Fraudsters have reportedly been leaving fake crypto paper wallets in public places as part of a scam to dupe Australians out of their crypto.
Aussies warned to avoid crypto paper wallets they find on the street
Fraudsters have reportedly been leaving fake crypto paper wallets in public places as part of a scam to dupe Australians out of their crypto.
Crypto survived worse than the fall of FTX: Chainalysis
According to Chainalysis, the downfall of FTX is likely to have a relatively smaller effect on the crypto ecosystem than the demise of Mt. Gox.
Crypto survived worse than the fall of FTX: Chainalysis
According to Chainalysis, the downfall of FTX is likely to have a relatively smaller effect on the crypto ecosystem than the demise of Mt. Gox.
Block Earner CEO calls for licensing clarity after being sued for crypto products
Block Earner CEO Charlie Karaboga said it was a “disappointing outcome” given it had spent “considerable resources” to adhere to existing guidelines.
Sam Bankman-Fried still speaking at events and the community is furious
The former FTX CEO said he will be speaking at a conference by The New York Times, the same outfit that wrote the recent "puff piece" on Bankman-Fried.
Sam Bankman-Fried still speaking at events and the community is furious
Former FTX CEO Sam Bankman-Fried has once again attracted the ire of the crypto community — this time over his slated appearance at an upcoming New York City conference on November 30.
Vocal members of Crypto Twitter have questioned why the former CEO of the now-bankrupt exchange continues to walk free given the events over the last month.
In a Nov. 23 Twitter post, Bankman-Fried announced he will be speaking with New York Times journalist Andrew Sorkin at the DealBook Summit “next Wednesday.”
The news was confirmed publicly by Sorkin, who said: “There are a lot of important questions to be asked and answered. Nothing is off limits.”
In the wake of the FTX collapse, some in the community had wondered whether Bankman-Fried would honor his conference engagements, including his one at the DealBook Summit.
Sam Bankman-Fried still speaking at events and the community is furious
The former FTX CEO said he will be speaking at a conference by The New York Times, the same outfit that wrote the recent "puff piece" on Bankman-Fried.
Casper Association launches $25M grant to support developers on its blockchain
To complement the launch of its grant program, Casper said it will provide education to support developers and innovators on its network.
OKX releases Proof of Reserves page, along with instructions on how to self-audit its reserves
The page includes a “view OKX reserves” option that provides reserve ratios for BTC, ETH, and USDT at a glance.
Aave proposes governance changes after failed $60M short attack
The exploit failed due to a miscalculation of Aave's liquidity levels.
Here's why $16.5K is critical for November's $1.14B Bitcoin options expiry
BTC bulls were liquidated during the drop to $15,500 on Nov. 21, and more downside could occur if bears profit $245 million during Friday's expiry.
Here's why $16.5K is critical for November's $1.14B Bitcoin options expiry
Bitcoin (BTC) faced a 7.3% drop between Nov. 20-21 as it tested the $15,500 support. While the correction seems small, the movement has caused $230 million in liquidations in futures contracts. Consequently, bulls using leverage came out ill-prepared for the $1.14 billion monthly options expiry on Nov. 25.
Bitcoin investors' sentiment worsened after Genesis Trading, which is part of the Digital Currency Group (DCG) conglomerate, halted payouts at its crypto lending arm on Nov. 16. More importantly, DCG owns the fund management company Grayscale, which is responsible for the largest institutional Bitcoin investment vehicle, the Grayscale Bitcoin Trust (GBTC).
Additionally, Bitcoin miner Core Scientific has warned of "substantial doubt" about its continued operations over the next 12 months given its financial uncertainty. In its quarterly report filed with the United States Securities and Exchange Commission (SEC) on Nov. 22, the firm reported a net loss of $434.8 million inthe third quarter of 2022.
Meanwhile, New York Attorney General Letitia James addressed a letter to the members of U.S. Congress on Nov. 22 recommending barring the purchase of cryptocurrencies using funds in IRAs and defined contribution plans such as 401(k) and 457 plans.
Despite bulls' best efforts, Bitcoin has not been able to post a daily close above $17,000 since Nov. 11. This movement explains why the $1.14 billion Bitcoin monthly options expiry on Nov. 25 could benefit bears despite the 6% rally from the $15,500 bottom.
US lawmakers ask DOJ hold FTX execs accountable 'to the fullest extent of the law'
“The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics," said the letter.
Blockchain-based infrastructure forges the future for carbon markets, crypto and commodities
Rising from the ashes of old crypto exchanges, a new paradigm arises.