In a significant development for the cryptocurrency industry, the Consumer Financial Protection Bureau (CFPB), the top U.S. agency for consumer financial protection, is exploring the application of the Electronic Fund Transfer Act (EFTA) to cryptocurrencies. This move aims to safeguard consumers from the rising tide of fraudulent crypto transfers. The EFTA, enacted in 1978, was […]

Quick Take The Bitcoin market has recorded an intriguing divergence between long-term holders (LTH) and short-term holders (STH) with 14,852,000 and 2,378,000, respectively. This is the widest divergence ever recorded, marking a significant shift in Bitcoin holding patterns. According to the provided data, an individual is defined as a long-term holder if their Bitcoin holdings […]

In his Friday testimony, FTX co-founder Gary Wang said the crypto exchange’s insurance fund balance differed from the actual funds held by the exchange. “For one, there is no FTT in the insurance fund,” Wang reportedly said, according to a retranscription of the trial’s fourth day posted on Twitter by BitMEX Research. “It’s just the […]

Stars Arena, an Avalanche-based Web3 social media app, is reinforcing its security measures following a $3 million exploit on October 6, 2023. The steps include the transfer of funds to a secure multisig wallet, a comprehensive security audit, and the engagement of a white hat team for rapid security review. Users have been urged not […]

Changpeng Zhao, the CEO of Binance, one of the world’s largest Bitcoin and crypto exchanges, has expressed his belief that the next Bitcoin halving, scheduled for 2024, could usher in a period of renewed price growth. Bitcoin halvings, which occur approximately every four years, are pivotal events in the cryptocurrency’s history. During these events, the rate […]

Ethereum co-founder Vitalik Buterin’s recent discussions on potential staking pool changes to bolster decentralization have triggered criticisms from Charles Hoskinson, Cardano’s founder

Lucky Star Currency (LSC), a newly launched token on the Binance Smart Chain (BSC), has rugpulled its users of $1.11 million. Its value crashed by 97%. AegisWeb3, a security protocol developed by blockchain security firm PeckShield, called attention to the…

LINK’s surprising resilience attracted even more whales to asset, who push continuation of trend

Binance’s CZ has hinted at possible new ATHs based on past halvings

Bitmain, dominant force in Bitcoin mining machinery, temporarily suspended part of its September salaries due to cash flow challenges