Author: Judith Faith

Article written by Judith Faith

FTX intensifies its recovery efforts with 20 new lawsuits

November 12, 2024 1 min read

FTX is ramping up its legal battle by filing over 20 new lawsuits to recover assets lost to political donations, fraudulent investments, and market manipulation. These lawsuits target a range of individuals and companies, including notable figures like former White House Communications Director Anthony Scaramucci and the creators of the video game Storybook Brawl. Since its bankruptcy filing in November 2022, FTX’s administrators have launched a total of 51 legal

Over $300M in short positions liquidated as Bitcoin surges above $80K

November 10, 2024 1 min read

Bitcoin (BTC) has made headlines by surpassing the $80,000 threshold for the first time ever, thanks to a surprising surge over the weekend that led to the liquidation of $300 million in bearish trades. This 5% increase has pushed its weekly gains to over 16%, coinciding with significant political and economic events, including Donald Trump’s election as U.S. president and a 25 basis point rate cut by the Federal Reserve—both

Binance donates $3M to Valencia for flood relief

November 5, 2024 1 min read

Binance Charity, the charitable division of the well-known crypto company Binance, has stepped up to donate $3 million to the Spanish Red Cross in response to the severe flooding that has affected the Valencia region. This generous contribution is aimed at supporting urgent relief efforts in the area. The funds from Binance Charity will directly assist the Red Cross in providing essential emergency services to those in need. Known for

The SEC confirms Grayscale’s application to convert its Digital Large Cap Fund into crypto ETF

November 1, 2024 1 min read

The SEC has given the green light to Grayscale’s proposal to convert its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), which could pave the way for the first multi-asset crypto ETF on the market. This decision is anticipated within the next 45 to 90 days and could significantly impact the crypto landscape. The GDLC fund currently invests in a range of crypto, including Bitcoin, Ethereum, Solana, and

From Hidden Gem to a 2100% ROI: BlockDAG’s $105.5M Presale—The Crypto Jackpot of 2024!

October 29, 2024 3 mins read

In 2021, Solana experienced a meteoric rise, skyrocketing from $1 to $260 per coin in just a few months, challenging Ethereum’s dominance in the blockchain arena. Why bring up Solana? Because BlockDAG (BDAG) is charting a similar path of explosive growth. Since kicking off its presale, BDAG’s value has soared by 2100%, amassing a whopping $105.5 million. With a successful Testnet and an early Mainnet launch imminent, BDAG is poised

North Korea’s Lazarus Group steals $3 billion in cryptocurrency

October 26, 2024 1 min read

A recent report from Kaspersky Lab has shed light on a troubling cyber heist orchestrated by the notorious Lazarus Group, a hacking collective linked to North Korea. Over a span of six years, from 2016 to 2022, these hackers managed to siphon off a staggering $3 billion in cryptocurrency by luring victims with a counterfeit blockchain game. The scheme took advantage of a security vulnerability in Google Chrome, which the

Bitcoin dominance surges to 58% as ETF as institutional inflows continue

October 20, 2024 1 min read

This week has been a pivotal one for the crypto world, with Bitcoin (BTC) experiencing a notable surge of 10.48%, peaking at $69,000. As it approaches the significant psychological threshold of $70,000, there’s a sense of optimism among investors, especially since no major economic reports are anticipated to hinder its progress in the coming week. A key driver behind Bitcoin’s impressive rally was the recent approval by the U.S. Securities

ethOS launches dGEN1, a device for Ethereum on-chain dApp interactions

October 20, 2024 1 min read

ethOS, the Ethereum-focused operating system, has introduced an exciting new device called the dGEN1, which aims to revolutionize how users interact with decentralized applications (dApps) on the Ethereum network. Dubbed “the first on-chain everyday carry,” the dGEN1 is tailored specifically for those immersed in Ethereum’s growing ecosystem. Unlike other blockchain devices like the Solana Mobile Saga, the dGEN1 does not support telecom features, focusing exclusively on Ethereum interactions. It runs

Solana’s total value locked surpasses $6 billion in October

October 15, 2024 1 min read

In October, Solana achieved a remarkable milestone, with its total value locked (TVL) exceeding $6.1 billion, the highest it has been since January 2022. This surge indicates a growing trust and engagement among users on the platform. TVL is an important metric in decentralized finance (DeFi) that reflects the total value of assets held in various projects. An increase in TVL typically points to more users investing their assets in

A crypto whale loses $35M in fwDETH on Blast network due to phishing permit attack

October 11, 2024 1 min read

A recent phishing attack on the Blast network resulted in a crypto whale losing around $35 million in Few Wrapped Duo ETH (fwDETH) tokens. The incident was initially reported by Scam Sniffer and later confirmed by security firms PeckShield and BlockSec. The victim inadvertently signed a fraudulent “permit” signature, which allowed the attacker to access and drain funds from their wallet. fwDETH is a wrapped version of Duo ETH (DETH),

South Korea Virtual Asset Committee to discuss the approval of crypto ETFs

October 11, 2024 1 min read

On October 10, South Korea‘s Financial Services Commission (FSC) announced the formation of a Virtual Asset Committee aimed at overseeing the approval of spot crypto exchange-traded funds (ETFs) in the country. This committee, led by FSC Vice Chairman Soyoung Kim, will include representatives from various government sectors and nine members from the private sector, providing guidance on critical issues in the digital asset landscape, including the authorization of corporate accounts.

Binance held a cybersecurity seminar for Mexican law enforcement

October 9, 2024 1 min read

In a significant move to bolster cybersecurity and combat financial crime, Binance recently hosted a training seminar in Mexico City for around 35 law enforcement officials from various agencies. The seminar, which focused on the intersection of virtual assets and crime, is part of Binance’s broader initiative to collaborate with law enforcement globally. Felipe de Jesús Gallo Gutiérrez, head of Mexico’s Criminal Investigation Agency, underscored the necessity for public servants