Yuri Molchan Shiba Inu burn rate increases massively as whopping 100 million SHIB gets removed in a single transfer Shibburn platform, which shared details of SHIB burn transactions with the crypto co...
Category: Tech
Live Tech News Updates.
Hackers exploit Onyx Protocol for $2.1m
On Oct. 27, Onyx Protocol, a decentralized peer-to-peer lending platform, experienced a significant security breach, resulting in a loss of approximately $2.1 million due to an exploit in a low-liquid...
FTX Moves Millions of Dollars of Altcoins to CEXs Again
In its latest statement, cryptocurrency analysis company Nansen found that the bankrupt FTX company, which has been transferring a large amount of altcoins to central exchanges for sale in recent days...
Why Abandon XRP? XRP at $2 Would Yield Ripple a $100 Billion, as Experts Evaluate Ripple IPO
In a recent statement, prominent pro-XRP attorney John Deaton emphasized that the Ripple pre-IPO valuation is a considerable bargain compared to the potential $100 billion windfall if XRP’s value reac...
Coinbase Q3 Results: Losses Narrow Amidst Trading Volume Decline
According to a Bloomberg report, Coinbase saw an upward movement despite the dip in trading volume. It has created another stir in the market since Coinbase is also entangled with the SEC’s regulatory...
Cirrus Logic Reports Fiscal Second Quarter Revenue of $481.1 Million
AUSTIN, Texas–(BUSINESS WIRE)–Cirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the...
FCA Unveils Guidance on Cryptoasset Promotions Compliance
The Financial Conduct Authority (FCA) has unveiled a “finalised non-handbook guidance” document on Cryptoasset Financial Promotions. This release followed observed lapses in adherence to t...
Coinbase Q3 revenue falls 5% to $674 million, but still beats expectations
Coinbase has released its shareholder letter for the third quarter of 2023, ending September 30th. Total revenue was $674 million, down 5% from last quarter. Net revenue was $623 million, down 6% sequ...
Suspense Rises as VeChain (VET), Polkadot (DOT) and Terra Luna Classic (LUNC) Ponder Their Next Moves
Table of Contents A subtle shift in capital from the recent uptick of Bitcoin (BTC) hints at an altcoin awakening. With market whispers of a potential BTC consolidation, a spotlight is preparing to sh...
Is FTX Conducting a Pump And Dump?
The price of Solana (SOL) has been up by over 80% in the past 30 days. Meanwhile, there has been a significant movement of funds in the FTX and Alameda research wallets. Has the price pumped to give a...
Thailand postpones national digital currency distribution amid demands for closer examination
Thailand’s plans to dole out digital currencies to its citizens under an economic revival plan has hit a stumbling block, with government officials calling for a postponement of the launch date. Initi...
Terra Luna Classic L1TF Approves Dyncomm; Community Rejects Validator Proposal
The Terra Luna Classic community has rejected a proposal to enforce a 5% minimum validator commission. The community remained divided on the voting decision as the proposal received 37% votes in favor...
Coinbase Q3 Revenue Achieves Impressive Growth
Key Points: Coinbase Q3 revenue exceeded expectations at $674 million, while trading volume fell to $76 billion. The company narrowed its net loss to $2.3 million, marking the third consecutive quarte...
Solana Price’s 40% Rally Persuades Detractor, Arthur Hayes Makes Confession
Supported by a spike in volatility, the Solana price has skyrocketed from its yearly lows into a new high. The bullish momentum left some players in disbelief, while others capitulated to the price ac...
ADGM Expands Business Jurisdiction To Include Al Reem Island
ADGM has expanded its jurisdiction from Al Maryah Island to include Al Reem Island. The expansion follows heightened demand from a wide range of international companies. With the addition of Al Reem, ...
SafeMoon hacker’s use of centralized exchanges could help law enforcement — Match Systems
The decentralized finance project SafeMoon, which was exploited in March, resulting in a net loss of $8.9 million in BNB (BNB), has been charged by the United States Securities and Exchange Commission...
BitGo receives BaFin license in Germany
Cryptocurrency custodian BitGo, backed by Goldman Sachs and Galaxy, obtained a custody license from BaFin, the German Federal Financial Supervisory Authority, as stated in a Nov. 1 release from Financ...
Report Shows How FTX Founder SBF Recklessly Lost 20 Million XRP
A report shows that disgraced FTX founder Sam Bankman-Fried (SBF) once misplaced 20 million XRP ($4 million) for several weeks while trading out of the Alameda Research account. It’s been nearly one y...
A Possible 110 Years Sentence Looms
Verdict Finally Revealed After a lengthy deliberation that lasted several hours, the jury in the Manhattan federal court came to a unanimous decision concerning the federal fraud and conspiracy charge...
FTX CEO Sam Bankman-Fried Faces Guilty Verdict on All 7 Counts in Fraud Trial
On the afternoon of 2nd November 2023, a momentous event happened in the courtroom during the FTX trial, marking a notable moment in the US legal history. Around 03:00 pm, the jurors, alongside the ju...
AI gives the world one more Beatles song
The power of artificial intelligence has been harnessed to bring music lovers across the globe a final song from the legendary band The Beatles. The track, titled “Now and Then,” is the band’s last so...
PayPal Served with SEC Subpoena Over Its PayPal USD (PYUSD) Stablecoin
Table of Contents In its Q3 report, payments giant PayPal revealed that it had been served with a subpoena from the US Securities and Exchange Commission. Despite facing action, PayPal shares rose aro...
Post Malone Is Taking Over ‘Apex Legends’
Popular battle royale shooter Apex Legends has partnered with Grammy-winning musician Post Malone for an in-game event starting November 10, publisher Electronic Arts announced Thursday. The event wil...
Beatles Release Song With John Lennon Vocals Enhanced by AI
The two surviving members of the Beatles, Paul McCartney and Ringo Starr, have released a song John Lennon wrote in the 1970s. McCartney wrestled with the ethics of releasing the band’s last song usin...
Breaking: FTX founder Sam Bankman-Fried found guilty of all 7 counts
The 12-member jury has found the FTX founder – SBF guilty of seven counts of fraud and money laundering charges The court will now move on to the second trial and the sentencing of the former crypto m...
Sam Bankman-Fried Found Guilty On All Counts: Latest News & Hot Takes
Sam Bankman-Fried, the co-founder and former CEO of FTX and Alameda Research, was found guilty of all charges including wire fraud, securities fraud, and money laundering. The crimes culminated in the...
Tapbit Strengthens Security to Provide Reliable Trading Environment for Users
Summary Tapbit has upgraded security measures including a $40M insurance fund to protect user assets and information. As the cryptocurrency market continues to evolve, Tapbit remains steadfast in its...
SIX & Swiss National Bank Drive CBDC Pilot For Digital Securities
According to reports, Switzerland, one of the world’s leading countries in financial innovation, recently announced plans to collaborate with the efforts of the players of the Swiss financial markets ...
DICT, Digital Pilipinas lead cybersecurity commitment campaign vs online threats
As of January 2023, the Philippines is home to over 80 million social media users, which is about 72.5% of its national population, online reference library DataReportal says. However, the rapid growt...
Hong Kong issues rules for asset tokenization as interest mounts
The Securities and Futures Commission (SFC) of Hong Kong has issued two circulars to regulate digital asset tokenization. The circulars offer instructions to intermediaries participating in tokenized ...
SEC Asks Court for Summary Judgement Against Do Kwon, Terraform
Terraform and Kwon also engaged in fraudulent conduct and made misleading statements, the SEC reiterated in the filing, re-emphasizing that they committed fraud by deceiving investors about the stabil...
Strike accused of alleged data breach
In an Oct. 31 post on X, ZachXBT called out Strike, the global money app, for misleading users. Strike initially responded with a quote from TheBlock claiming that there was no evidence that it was in...