News

Antpool successfully mined a block, and the sender’s wallet was created just moments before initiating the transfer. From May 29 to May 31, 2024, in Austin, Texas—the prominent global hub for all things crypto, blockchain, and Web3—a major event is scheduled. Interested parties are encouraged to register now. A noteworthy incident occurred on Thursday when…

Charts related to global central banks, U.S. financial conditions, and the 10-year U.S. Treasury yield indicate a positive trajectory for cryptocurrency. The impact of last year’s global central bank tightening cycle, including its effects on Bitcoin, appears to have reached its peak. Despite the Federal Reserve’s commitment to higher interest rates, U.S. financial conditions have…

Poloniex investor Justin Sun has confirmed a security breach that resulted in the unauthorized access to the exchange’s hot wallets, leading to an estimated loss of approximately $114 million. Blockchain security firms PeckShield and Cyvers flagged the suspected hack around 10:55 UTC, prompting Poloniex to disable its wallet for maintenance just 12 minutes later. The…

The NFT platform OpenSea, which facilitates the trading of digital art collectibles like Bored Apes and Pudgy Penguins, has reduced its workforce by half due to the ongoing decline in the floor prices of these digital collectibles. OpenSea’s CEO, Devin Finzer, made this announcement on Friday via a tweet. These substantial layoffs may have impacted…

Despite the absence of jurors, Sam Bankman-Fried’s initial testimony at his criminal trial on May 29-31, 2024, in Austin, Texas, was remarkable. The former FTX CEO’s appearance on the witness stand, conducted without the jury present, allowed the judge to review his comments for admissibility. Bankman-Fried attempted to deflect blame onto FTX’s attorneys for the…

Can Sun, who served as FTX’s general counsel from August 2021 until the exchange’s collapse in November 2022, testified during the fraud trial of Sam Bankman-Fried. In the trial held in New York, Sun emphatically stated that he never approved the lending of customer funds to FTX’s sister company, Alameda Research. He denied authorizing the…

In the wake of ongoing challenges in the cryptocurrency market, CertiK, a company specializing in auditing programming code for blockchain and smart contracts, has taken measures to reduce its workforce. Last year, the company successfully secured nearly $150 million in fresh capital. However, the prolonged crypto winter has prompted the company to make job cuts,…

Prosecutors may require up to six weeks to present their case against Sam Bankman-Fried, but it only took three days for the judge presiding over the trial to become frustrated with the defense team representing the former crypto chief. Judge Lewis Kaplan expressed visible and audible dissatisfaction with Mark Cohen & Co. during Thursday’s proceedings.…

In a daily note, traders at the Japanese exchange Bitbank expressed their anticipation for Bitcoin prices to reach the $28,000 level, citing optimism surrounding ETFs. Despite the mixed movements in the broader financial markets, Bitcoin remained stable above $27,000. While global oil prices experienced a decline after a surge, stocks in Asia and Europe saw…

Decreasing Network Activity Leads to Inflationary Ether, Impacting Token Price According to intoTheBlock, the decline in network activity on Ethereum can be attributed in part to the adoption of layer 2 networks and is expected to persist in the near future. Analysts are warning that Ether (ETH) has returned to an inflationary state due to…