NFT influencer Zeneca’s account was hacked in a phishing scam The hacker posted a fake airdrop message to trick users into connecting their wallets with the malicious link The impact of the attack is yet to be revealed. NFT phishing attacks are no stranger to the NFT community, however, they...
Summary: Ripple’s General Counsel, Stuart Alderoty, has pointed out that no country, including the United States, has determined that XRP is a security. Mr. Alderoty was responding to comments by US Representative Brad Sherman urging the SEC to go after crypto exchanges that had traded in XRP. Ripple CEO, Brad...
In brief: Judge Kathaleen McCormick, who is handling the Twitter lawsuit against Elon Musk, has set an October hearing for the case. Elon Musk, through his lawyers, had sought to push the lawsuit to February 2023. Judge McCormick’s decision was made via Zoom as she had earlier been diagnosed with...
In brief: The team at Grayscale has forecasted that Bitcoin could see another five to six months of downward or sideways price movement. The Grayscale team cites the traditional 4-year Bitcoin and crypto cycle as their basis for the conclusion. The team also highlighted an increase in the number of...
Summary: Bitcoin proponent Mike Novogratz reaffirmed his infamous “$500K in 5 years” prediction during the Bloomberg Crypto Summit. Novogratz made similar remarks back in March a few weeks before the markets tanked. Since his March comments, Bitcoin has fallen below $20,000 and bounced back above the same level. The leading...
Creditors participated in a liquidator meeting on July 18. One attendee posted information from the meeting, saying that the claims were as much as $2.8 billion. The claims may very well increase, as some have not yet made or quantified their claims. More news is coming out regarding the liquidation...
Celsius’s debut bankruptcy hearing introduces alternatives for users to retrieve their funds back. The firm plans to make use of Bitcoin mining operations and third-party asset sales to accumulate funds and pay back its debt. After halting its withdrawals and filing for chapter 11 bankruptcy, Celsius Network has finally introduced...
Summary: Gemini exchange has allegedly laid off 7% of its staff, with potentially more on the way. The crypto exchange is laying off staff due to ‘extreme cost-cutting.’ This marks the second round of lay-offs after Gemini reduced its workforce by 10% in early June. The Gemini crypto exchange founded...
Summary: Genesis Trading allegedly lent Three Arrows Capital $2.36 billion. Estimates had earlier put Genesis Trading’s losses due to exposure to Three Arrows Capital in the ‘hundreds of millions.’ Three Arrows Capital’s bankruptcy claims have halted Genesis Trading’s attempts to recover the funds from Three Arrows Capital. The crypto lending...
Summary: Bitcoin has gained value from roughly $21.3k during the weekly close to a local high of $22.5k. Bitcoin is trading directly below the critical 200-week moving average, which has marked market bottoms in past bear markets. BTC gaining in the crypto markets comes at a time when the United...
