Renowned investor Raoul Pal names ‘magic level’ bitcoin hits before surging

Raoul Pal — renowned investor, co-founder and CEO of Real Vision — suggested that the cryptocurrency market is near its bottom. In a lengthy Dec. 12 Twitter thread, Pal revealed that he “noticed in the past is episodes of low 30-day realized volatility have coincided with lows in the crypto market.” When it comes to … Read more

3Commas updates users on recent API-KEY exchange attack

3Commas releases an investigation update on a recent API-key exchange attack, which saw many altcoins contra-traded in Binance. 3Commas updates on ‘hack’ investigation 3Commas, the crypto trading bot company, has issued updates on its recent investigation into a possible API-key exchange attack against users and affecting exchanges such as Binance. In the update, the crypto … Read more

Former top SEC crypto regulator hired by Caroline Ellison

A former top crypto regulator with the United States Securities and Exchange Commission (SEC) will represent Caroline Ellison, the ex-Alameda Research CEO, in an ongoing federal probe, according to a Dec. 10 report from Bloomberg. Ellison will be represented by Stephanie Avakian and a team of attorneys from WilmerHale. Avakain is currently chair of the … Read more

miner from the second week of the blockchain’s life says hi

A brand-new member of the BitcoinTalk forums shared a signature proving that he was involved in mining Bitcoin (BTC) just one week after the network launched. A Nov. 15 forum topic asked other users to sign a message with the addresses that they mined their oldest blocks with and post it. A user named “OneSignature” … Read more

Starbucks Introduces Coffee-Themed NFTs on Polygon to Beta Testers

The American multinational chain of coffeehouses – Starbucks – launched its blockchain-based loyalty program, called Starbucks Odyssey, to its first group of US beta testers. The effort is an extension of the company’s existing project – Starbucks Rewards – and includes coffee-themed NFTs that relate to real-world experiences. The entity displayed its intentions to hop … Read more

Vanessa Sierra disables her NFT project webpage, submits to Google

OnlyFans model Vanessa Sierra launched her first NFT project in partnership with Reagan.eth in March. According to various reports, Vanessa “rugged” her project this week. On December 8, crypto researcher OkHotshot took to Twitter to highlight the various infractions that lead to the project’s fall. The thread is unique to the initiative’s genesis, the true … Read more

US prosecutors investigating ex-FTX boss for possible fraud

On Friday, it was reported that American authorities are looking into fraud allegations leveled against Sam Bankman-Fried, the disgraced founder FTX. After the exchange filed for Chapter 11 bankruptcy in the United States on November 11, there were rumors that authorities were investigating whether hundreds of millions of dollars had been unlawfully transferred to the … Read more

Police in China dismantles billion-dollar crypto money laundering operation

Inner Mongolian police have detained sixty-three people in connection with an alleged conspiracy to launder more than 12 billion yuan ($1.7 billion). Ten million yuan laundered monthly According to China News, authorities in the Inner Mongolia Autonomous Region reportedly discovered an extensive cross-border network that used virtual currency to process funds suspected to come from … Read more

Bitcoin Remains Calm in Anticipation of Tuseday’s CPI Release (Weekend Watch)

The cryptocurrency market has remained calm over the past 24 hours with unimpressive volumes, which is rather typical for the weekend. It’s also worth noting that market participants might be cautious before the release of November’s CPI numbers. Bitcoin Stable at $17K Bitcoin’s price has failed to produce any significant movements in the past 24 … Read more

Lodestar Finance exploited in flash loan attack

Arbitrum-based lending protocol Lodestar Finance was exploited in a flash loan attack on Dec. 10. According to Lodestar, the attacker manipulated the price of PlutusDAO’s plvGLP token before borrowing all platform liquidity using the inflated token. In a Twitter thread, Lodestar explained the attack flow. The attacker first manipulated the exchange rate of the plvGLP … Read more

FTX Japan Has Until March 2023 to Cease All Operations (Report)

The Japanese authorities reportedly extended the business suspension order to FTX Japan until March 9, 2023. Initially, the company had to cease all services on December 9. According to recent coverage, the Kanto Local Finance Bureau will grant FTX Japan three more months before halting all its activities. The final date has moved from December … Read more

The top 5 crypto gainers and losers this week

As the crypto market counts down days to the end of the financial year 2022, we look at this week’s list of the top gainers and losers. Some top coins have recorded unprecedented price changes. Biggest gainers this week Recent analysis shows between December 4th and 11th, doubled in value from $0.06 to $0.12. … Read more

Binance’s proof of reserves raises red flags

Binance’s efforts to improve transparency of its reserves also exposed red flags in the crypto exchange’s finances, according to accounting and financial specialists consulted by The Wall Street Journal. As noted by a former Financial Accounting Standards Board (FASB) member and investment manager, the report released by the audit firm Mazars give not bring investors … Read more

3Commas denies staff members stole API keys

Crypto trading firm 3Commas has denied its employees’ stole user’s API keys, claiming that screenshots circulating on social media are fake and urging affected users to file police reports to stop the perpetrators from stealing their funds. In a blog post published on Dec. 11, 3Commas co-founder and CEO Yuriy Sorokin said that fake screenshots … Read more

Waves Breaks Silence Over DAXA Investigation, USDN Stablecoin Fails to Repeg

It has been a tough year for algorithmic stablecoins. Historically, these pegged tokens have failed to maintain a grip on $1, especially under extreme selling pressure. But the Terra collapse has been disastrous, and the ripple effects have had a decisive impact on the rest of the market. Seven months later, another algorithmic stablecoin is … Read more

$51 million Chainlink (LINK) locked in 30 minutes after staking launch

On Tuesday, Chainlink opened staking options for its users. Statistics show that the oracle provider saw 7 million LINK worth $51 million staked 30 minutes after the option was activated. Chainlink recorded 7 million LINK stakes in 30 minutes Sergey Nazarov, the founder of Chainlink, announced the staking of LINK on the network’s platform on … Read more

BTC Could Initiate Next Rally If this Level Gets Broken

Bitcoin is fighting to get over two crucial resistance levels. A successful breakout above these vital barriers could potentially result in a bullish surge in the near future. Technical Analysis By Shayan The Daily Chart After touching the lower trendline of the descending wedge pattern, the price of bitcoin initiated a mini-rally followed by extremely … Read more

Pillar, Non-Custodial Crypto Wallet, Released An Updated Version

[PR – London, United Kingdom, 10th December, 2022, Chainwire] Pillar’s latest release for its non-custodial cryptocurrency wallet ships with a sophisticated recovery mechanism that protects user funds without compromising security. Other game-changing updates include in-app cross-chain swaps and meta-transactions, which allow users to pay for gas fees on any chain with stablecoins housed on any … Read more

German imprisoned for attempting to hire hitman online with Bitcoin

The Berlin district court sentenced a man to prison time for repeated attempts to hire a hitman by paying with Bitcoin (BTC) on the deep web. An announcement published by Berlin’s prosecutor’s office explains that the 28-year-old defendant was in love with a 38-year-old man that he met online in 2020. The 38-year-old moved with … Read more

Middle Schoolers Learn Bitcoin Lessons – Bitcoin Magazine

This is an opinion editorial by Ryan Brisch, Anthony Feliciano and Mark Maraia, who recently spent a few weeks helping 85 middle schoolers operate a pop-up shop running on Bitcoin’s Lightning Network. On November 18, 2022, about 85 students braved a cold snowy Friday morning at STRIVE Prep – Lake middle school in Denver, Colorado … Read more

Bank of England invites CBDC proof-of-concept proposals

The Bank of England is accepting applications for a proof of concept wallet for its Central Bank digital currency until December 23. To make the CBDC product “more concrete for external and internal stakeholders,” the bank plans to investigate the “end-to-end user journey as a method to sharpen functional needs for both the banking and … Read more

How Bitcoin Can Enrich Our Lives – Breaking Pro News

This is an opinion editorial by Logan Bolinger, a lawyer and the author of a free weekly newsletter about the intersection of Bitcoin, macroeconomics, geopolitics and law. “I’m more interested in asking the question, is the world that we want to live in one where we need to hyperfinancialize every aspect of an individual’s life … Read more

Bitcoin’s boring price action allows XMR, TON, TWT and AXS to gather strength

The relief rally in the United States equities markets took a breather this week as all major averages closed in the red. Traders seem to have booked profits before the busy economic calendar next week. The S&P 500 index dropped 3.37%, but a minor positive for the cryptocurrency markets is that Bitcoin (BTC) has not … Read more