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Between the U.S. Securities and Exchange Commission (SEC) suing the Kraken crypto exchange and the Department of Justice (DOJ) announcing criminal charges against Binance and its CEO Changpeng Zhao (CZ), the crypto industry has had a bad start to the week. The weakness in crypto prices reflects this negative sentiment –
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In web3, choosing an appropriate Wallet-as-a-Service (WaaS) provider is critical for any forward-thinking brand. Magic Labs, a wallet-as-a-service (WaaS) provider, recently released a guide to help users choose the ideal solution. This article distills the key takeaways in Magic Labs’ manual, illuminating the crucial aspects individuals/businesses should consider when choosing a wallet-as-a-service provider. Understanding
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On-chain data shows that the attacker is stealing funds mostly in Ether, wrapped ether (wETH) and USDC. The attacker has also hit multiple cross-chain deployments of KyberSwap, taking over $20 million on Arbitrum, $15 million from Optimism and $7 million from Ethereum. Source
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In a Nov. 22 post from the cybersecurity firm Cyvers Alerts, it was reported that a suspicious address received $12.4 million from HTX exchange. At the same time, another address accumulated approximately $85 million from HECO Chain bridge, both linked to Justin Sun’s business ventures. Taken together, the alert suggests that Justin
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Discover how Changpeng Zhao’s unique path took him from McDonald’s to the pinnacle of the crypto world, redefining success in the digital age. What can a poor emigrant whose father became a victim of political persecution achieve? The kid who had to cook burgers at McDonald’s and refuel cars at night?
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According to a Nov. 22 post, despite withdrawals continuing, Nansen is not seeing a mass exodus of funds. Among withdrawals, including a $17 million negative netflow, there were more outflows than inflows earlier in the day. An uptick in holdings At the same time, the blockchain analytics firm has seen noteworthy growth, rising
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Bloomberg Intelligence ETF research analyst James Seyffart reports that BlackRock and Grayscale, two major investment major companies with plans to issue a Bitcoin ETF, have recently met with the SEC. Based on slides that have become public knowledge, Seyffart shows that BlackRock likely prefers in-kind for their offering. In-kind vs. cash In highlighting
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Lido discovered a security vulnerability in Ethereum protocol, involving Node Operator InfStones. Liquid staking solution Lido has discovered a security vulnerability on its Ethereum protocol in the last 24 hours, specifically involving one of its Node Operators, InfStones. This issue, initially discovered a few months ago, was formally reported to InfStones
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In a YouTube published video yesterday, crypto analyst The Luckside Crypto host reacted strongly to news that the SEC has sued crypto exchange Kraken. The analyst expressed disbelief, stating “I can’t believe we are still having these discussions.” He claims the SEC alleges no fraud, manipulation, customer harm or security issues
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