Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly planning to plead guilty to criminal charges related to his alleged involvement in illicit activities at the failed cryptocurrency exchange. According to a Sept. 7 Bloomberg report citing “people familiar with the case”, Salame plans to plead guilty to a variety of charges during a scheduled court appearance. His…
Crypto exchange Binance is refunding users 1 million Tether ($1 million) over its handling of the CyberConnect (CYBER) token incident. As narrated by the exchange on Sept. 7, a price discrepancy on listed CYBER tokens occurred the week prior due to a liquidity crunch constricting CYBER cross-chain bridges on Korean cryptocurrency exchange Upbit. This led to arbitrageurs borrowing CYBER from…
As it turns out, Binance does in fact have the power to freeze private wallet addresses on BNB Chain, albeit only with the consensus of all its validators. Source: https://cointelegraph.com/public/index.php/news/binances-indecision-to-freeze-bnb-wallets-drew-controversy-in-this-11m-rug-pull
The Polkadot network comprises three fundamental components that collectively form its intricate structure, including the Relay Chain, parachains and bridges. The Relay Chain lies at the core of the Polkadot ecosystem, functioning as the primary blockchain of the network. It helps to safeguard overall network integrity and facilitate communication among parachains. Parachains stand as parallel blockchains that represent the various…
A BNB Chain rug pull scams users out of $2 million ($11 million at today’s BNB prices). Users ask Binance for help. Binance says it has frozen the funds but then retracts the statement. The funds sat in the address for nearly two years when Binance suddenly took action to freeze the scammer’s wallet, which had grown to $10.8 million.…
Bitcoin (BTC) hugged a key long-term trendline on Sep. 7 as U.S. dollar strength hit its highest in six months. BTC/USD 1-hour chart. Source: TradingView Bitcoin vs. 200-week moving average forms “million dollar question” Data from Cointelegraph Markets Pro and TradingView showed BTC price moves focusing on the area around $25,700. Conditions were less volatile than the day prior, which…
Earn a free on-chain certificate touting your knowledge of Ethereum by taking Decrypt U’s free course, Getting Started with Ethereum. As of September 2023, Ethereum is the second-largest cryptocurrency in the world by total value, with a market capitalization of over $229 billion. Despite the fact that Ethereum’s value is lower than that of rival Bitcoin, though, there is a…
A court ruling that cleared Ripple’s XRP token of being considered a security offering might signal a turn in the tide against regulatory scrutiny of the cryptocurrency ecosystem in the United States and current lawsuits involving the likes of Coinbase and Binance.US and pending ETF applications. Speaking exclusively to Cointelegraph during the company’s annual Apex developer conference being hosted in Amsterdam,…
The DFINITY Foundation’s new partnership with the municipality of Lugano will see the Swiss city’s MyLugano crypto payment app add support for Chain-Key Bitcoin (ckBTC), a multi-chain Bitcoin “twin” running on the Internet Computer (ICP) blockchain. With the addition of ckBTC, MyLugano app introduces a multi-chain, multi-wallet solution, expanding the already existing possibilities of purchasing goods and sending transactions with…
A cryptocurrency whale has fallen victim to a massive phishing attack, losing millions of dollars in staked Ethereum on the liquid staking provider Rocket Pool. A large cryptocurrency investor lost the entire address balance of Lido Staked ETH (stETH) and Rocket Pool ETH (rETH) due to a phishing attack, the cryptocurrency security firm PeckShield reported. The hack was completed in…
