Conor Grogan, a director at Coinbase, recently brought attention to the minting of USDT tokens by Alameda Research, a crypto investment firm. On-chain data reveals that Alameda Research has minted a staggering 39.55 billion USDT tokens, accounting for 47% of the current circulating supply of Tether. This revelation challenges previous estimates and raises questions about
Crypto
In a shocking revelation, a former CEO of an investment firm has confessed to engaging in a deceitful practice known as “cherry-picking.” The scheme involved manipulating crypto futures contracts and foreign exchange contracts, resulting in significant losses for innocent investors. This article delves into the details of the scandal and explores the consequences for the
The Shiba Inu community has once again been targeted by scammers using fraudulent emails to deceive and trick unsuspecting individuals. Shibarmy Scam Alerts, a dedicated Twitter account that aims to protect against fraud and bad actors, has issued a warning to the community. They advised everyone to refrain from opening these deceitful messages, emphasizing that
Bitstamp, one of the leading cryptocurrency exchanges, made a somber announcement recently. The CEO, Bobby Zagotta, revealed that the firm would be discontinuing its services to customers in Canada. Although the decision was already communicated to Canadian customers months ago, it is set to take effect on January 8, 2024. Zagotta expressed the utmost gratitude
In today’s digital world, security breaches have become a recurring nightmare for both companies and individuals. 3Commas, a well-known crypto trading bot, recently faced another security incident that has raised concerns among its userbase. This article will delve into the details of the incident, the actions taken by 3Commas, and the implications for its reputation
Bitcoin’s price movements have quieted down after a period of increased volatility last Friday. This trend is also reflected in most altcoins, which have experienced minor downward movements. One altcoin that stands out is Avalanche, which has seen a decline today but still maintains a value above $10. Bitcoin’s Rollercoaster Ride Just a week ago,
In the wake of the recent scandal involving JPEX crypto exchange, Hong Kong has taken a decisive step to combat illegal activities in the crypto market. The city’s Securities and Futures Commission (SFC) and law enforcement officials have formed a task force with the aim of enhancing collaboration and monitoring illegal activities related to virtual-asset
The recent fraud trial of Sam Bankman-Fried, the founder of FTX, has shed light on the corrupt relationship between Alameda Research and the cryptocurrency exchange. In his testimony, FTX co-founder Gary Wang revealed shocking details about how Alameda had manipulated FTX’s computer systems and exploited special privileges to steal client funds. This article analyzes the
The number of XRP wallets has recently surpassed an impressive milestone, reaching over 4.8 million. This surge in wallet adoption has been fueled by a renewed sense of optimism within the Ripple community following the recent court victories against the United States Securities and Exchange Commission (SEC). Even amidst a prolonged bear market and uncertainty
The Shiba Inu community has once again found itself in a precarious situation as the SHIB Telegram admin account was recently compromised. This security breach has resulted in fraudulent activities, particularly the announcement of a fake BONE token airdrop. Individuals are promised the opportunity to participate in this non-existent offering. It is essential for community