The cryptocurrency market has witnessed over $210 million worth of liquidations across the board, with long positions accounting for 85% of this bloodbath amid the latest market turmoil. Data from crypto analytics resource Coinglass confirms that market participants have suffered a blow from the recent turbulence, which has triggered a 4% drop in the price of...
a16z crypto’s CTO, Eddy Lazzarin, warns that memecoins are reshaping perceptions of the market, likening their resemblance to a risky casino. Memecoins are more akin to a “risky casino” than to a useful product, as they badly affect the crypto market by making a series of “false promises,” according to a16z crypto’s CTO, Eddy Lazzarin, who shared his thoughts...
Banking giant Morgan Stanley could soon allow its 15,000 brokers to pitch Bitcoin exchange-traded funds (ETF) to their customers. According to an AdvisorHub report citing executive sources, the bank has only offered these options on an unsolicited basis, meaning that brokers do not explicitly advise investing in Bitcoin ETF. Customers would have to reach out to their advisors...
YIEDL, an AI-based crypto trading platform, is the latest target of a security breach, with hackers leveraging the opportunity to steal $157,000 worth of several crypto assets across multiple transactions. According to blockchain security platform Cyvers, the attackers exploited a flaw in the YIEDL contract’s “redeem function.” For context, this function facilitates the management of asset...
Regulators in the United States are seeking $5.3 billion in fines from Terraform Labs and its co-founder, Do Kwon, following a verdict in its civil case. According to an April 19 filing with the U.S. District Court for the Southern District of New York, the Securities and Exchange Commission (SEC) has asked Kwon and Terraform Labs to pay...
Two sources familiar with the matter say that the defunct cryptocurrency exchange FTX is looking to auction off the remainder of its Solana (SOL) token holdings. Speaking to Bloomberg, the sources revealed that a “blind auction” is set to be held this week with an April 24 deadline. The result is slated to be announced the following day. The...
A cryptocurrency investor recently fell victim to a phishing attack on Ethereum, eventually losing over $180,000 in USD Coin (USDC) and ANDY (ANDY), a recently launched meme coin inspired by Pepe. Data from Etherscan reveals that the attack occurred on April 23 in nearly one hour, lasting from 05:39 to 06:29 UTC. Transaction data confirms that the...
The Philippines Securities and Exchange Commission (SEC) is looking to remove the Binance app from Google Play store and Apple’s app stores nationwide. On April 9, the commission sent separate letters to Google and Apple requesting the removal of the applications that allow users to access Binance’s trading platform. The recent move came after the Philippine National Telecommunications...
Riot’s shares surged by more than 20% fueled by optimistic evaluations from analysts who foresee substantial growth in the company’s financial performance. Anticipation surrounding Riot‘s financial performance, particularly in the wake of recent analyst predictions, has fueled significant investor interest. The bullish sentiment was evident as Riot Platform’s stock (RIOT) on Nasdaq surged by 23% to $11.24...
In an exclusive sitting with crypto.news, Yair Cleper, CEO and founder of Lava network, discussed the intricacies of the Remote Procedure Call (RPC) protocols and their role in the evolution of blockchain tech. RPCs are protocols that allow applications to communicate with a blockchain and are, as such, essential for the development of decentralized applications (dApps)....
