A 0.15% fee on front-end interface swaps has some Web3 investors calling it a case of misaligned incentives.
FTX and Alameda Behind BlockFi’s Bankruptcy, SBF Trial Continues
The post FTX and Alameda Behind BlockFi’s Bankruptcy, SBF Trial Continues appeared on BitcoinEthereumNews.com. The trial of Sam Bankman-Fried continued with testimony from Zac Prince, former CEO of BlockFi. BlockFi suffered a $1 billion loss due to the bankruptcy of FTX and Alameda Research, said Prince. Prince mentioned that had he known Alameda was using […]
Cyber Seizures Lead U.S. to $5B Bitcoin Accumulation
The post Cyber Seizures Lead U.S. to $5B Bitcoin Accumulation appeared on BitcoinEthereumNews.com. E-Crypto News’ update provides the latest articles on technology and cryptocurrencies. The U.S. government’s inventory of Bitcoin has ballooned to an estimated $5 billion, thanks to an aggressive seizure strategy targeting cybercriminals and darknet operations. In a shift from previous practices, the […]
SBF and Caroline Ellison conspired to keep Bitcoin under $20K, but did it work?
On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX’s co-founder and CEO, Sam “SBF” Bankman-Fried, to sell Bitcoin BTC $28,334 if its price remained above $20,000. This admission came as a shock to the entire crypto industry, but the two conspiring […]
Uniswap to charge 0.15% swap fees beginning Oct. 17
Decentralized exchange Uniswap (UNI) will begin charging a 0.15% swap fee on certain tokens in its web application and wallet on October 17. According to a post by Hayden Adams, the DEX’s founder, the affected tokens are Ethereum (ETH), USD Coin (USDC), Wrapped Ether (WETH), Tether (USDT), DAI, Wrapped Bitcoin (WBTC), Angle Protocol (agEUR), Femini […]
Eyes top of Ichimoku cloud on risk-appetite, buyers target 158.00
The post Eyes top of Ichimoku cloud on risk-appetite, buyers target 158.00 appeared on BitcoinEthereumNews.com. EUR/JPY trades with a 0.47% gain, bouncing from daily lows of 156.98. Technical indicators suggest potential upward movement, targeting the October 12 high. A successful breach of the Kumo top could pave the way to the YTD high of 159.76. […]
Court orders Genesis to produce subpoenaed documents in Terraform Labs case
Genesis and its associated companies were ordered by a judge to produce documents on Oct. 13, as part of a securities case initiated by the U.S. Securities and Exchange Commission (SEC) against Terraform Labs. The U.S. Securities and Exchange Commission (SEC) initiated proceedings against Terraform Labs, the creator of the failed TerraUSD stablecoin, in February […]
Cubiswap Finance puzzles users with $425k withdrawn via deployer address
The post Cubiswap Finance puzzles users with $425k withdrawn via deployer address appeared on BitcoinEthereumNews.com. Blockchain security firm PeckShield says the funds are sent to Binance through a cross-chain bridge. Developers behind Cubiswap Finance appeared to have withdrawn around 2,000 BNB (around $425,000) from the protocol, causing its native token CUBI to lose over 60% […]
Former FTX engineering director faces up to 75 years in prison following guilty plea
Nishad Singh’s testimony was seemingly part of prosecutors’ strategy to establish Sam Bankman-Fried had been behind Alameda Research using FTX user funds.
Ireland: Crypto scams witness a drop as higher bank frauds lead to a loss of…
The post Ireland: Crypto scams witness a drop as higher bank frauds lead to a loss of… appeared on BitcoinEthereumNews.com. In 2023, Irish people lost approximately $21.8 million to scammers impersonating bank employees. Crypto scams no longer dominate investment scams as crypto winter looms. According to a recent Irish Independent report, scammers targeting banking customers […]