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A legion of Twitter bots pumped the price of crypto tokens traded by Sam Bankman-Fried's quant trading firm Alameda Research shortly after FTX listed the tokens, according to a report from the Network Contagion Research Institute. NCRI, an institution that studies cybersecurity and social-media threats, published a report on Wednesday
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The coins were BOBA, GALA, IMX, RNDR, and SPELL. Fake tweets regarding the coins surged — by as much as 30% in some cases — after FTX officially listed them, with "inauthentic" comments eventually comprising roughly half of all Twitter posts about the tokens. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied MicroStrategy plans to sell 750 million shares of stock to acquire more Bitcoin (BTC). Its current portfolio holds a total of 152,800 BTC. The company reported its intention to acquire more BTC in an SEC filing on
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The United States Department of Justice is reportedly considering charging cryptocurrency exchange Binance with fraud, but hesitating based on costs to consumers.According to an Aug. 2 Semafor report citing people familiar with the matter, Justice Department officials are concerned about an indictment against Binance causing a run on the exchange
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ICO advice to people receiving cold calls, as government looks to ban cold calls on financial products The ICO is reminding people to report nuisance calls, texts and emails they receive. It is against the law for organisations to make
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Ripple CEO Brad Garlinhouse on August 2, expressed his disapproval of the United States Securities and Exchange Commission (SEC) for utilizing Ripple's quarterly XRP Markets Report, designed to enhance transparency in the cryptocurrency industry, as evidence against the company in the ongoing lawsuit. Garlinghouse stated that the company initiated the reports
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Binance has declined to comment on a media report that its CEO Changpeng Zhao almost shuttered the crypto trading platform’s arm in the United States in an effort to protect its global company.Citing anonymous sources, the tech media outlet reported that the board of directors of Binance’s U.S. entity, Binance.US, initiated
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Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman, a lawyer for the firm. Law enforcement has been notified of the situation, he added.Voyager customers withdrew
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Meta, the parent company of Facebook and Instagram, plans to release artificial intelligence (AI) chatbots with human-like personalities as it focuses on user retention efforts, according to a report from the Financial Times. On Aug. 1, the FT reported that people close to the matter said prototypes of the chatbots have
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The cryptocurrency market is having its worst month of 2023, according to a report from Web3 outlet De.Fi shared with Cryptox. Losses for July totaled $486 million, more than six times the total from 2022:Cryptocurrency losses comparing July 2022 and July 2023. Source: De.FiThe report comes on the heels of
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