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Federal prosecutors claimed Sam “SBF” Bankman-Fried “doubled down” on using customers’ funds when he purchased Binance’s $2 billion stake in FTX in 2021. According to United States government attorneys, Bankman-Fried paid for the buyout with funds from FTX customers.The prosecution is delivering its closing arguments on Nov. 1 at the
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South Korea’s largest exchange, Upbit, suffered 159,061 attacks during the first half of 2023. According to the local media Yonhap, it is nearly 2.17 times more than in 2022. To fight back against the increasing trends of hacking attacks, the company increased the portion of funds it held in cold wallets by
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple’s XRP sales have surged in 2023, with the company selling approximately 2.22 billion XRP since the start of the year. XRP’s community influencer Mr. Huber was among the first to draw attention to the
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Some countries around the world suffered bigger financial losses to cryptocurrency scams despite a massive bear market in 2022.Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong dollars ($216.6 million) last year, surging 106% from a year before, according to the local police.The number of crypto-related
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“After this analysis, we felt, and continue to feel, that UST will ultimately maintain its peg and a number of attractive opportunities had become available,” Arca CEO Rayne Steinberg wrote to investors on Tuesday. “For example, we were able to purchase UST at a significant discount to par in the
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"They will offer an extremely attractive ~20% APR [annual percentage rate], which will ignite DeFi capital rotation into the Near ecosystem, siphoning the total value locked from other alternative layer-one protocols," Kole said in a Substack post. "This will lead to a comparison of Near to Terra (LUNA) as the
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The number of cryptocurrency owners has massively increased last year, with nearly half of all owners worldwide buying crypto for the first time in 2021, according to a new report.Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has polled about 30,000 respondents in 20 countries between November 2021
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Got some Satoshi to send or Bitcoin (BTC) wallets to reorganize? It’s increasingly cheap to do so. According to an Arcane Research report, Bitcoin “transaction fees have stayed low since July 2021, showing no signs of rising.” Bitcoin mean tx fees remaining very low despite small hike last week. Source: Arcane
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There are now 398 active blockchain games, defined as having at least one active wallet in the past 24 hours within the game, according to the data tracker DappRadar. That's a 92% increase from a year ago. The total number of blockchain games, including those that are inactive, has climbed
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The amount of money lost in hacks of decentralized financed (DeFi) projects more than doubled to $1.3 billion in 2021, with centralization the most common vulnerability, Certik said in its inaugural "State of DeFi Security" research report.While the value lost climbed 160%, the amount was a smaller proportion of the
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