Cryptocurrency news by Protos

Outspoken Shark Tank entrepreneur Mark Cuban says that smart contracts and apps are the reason he invested so much of his money into crypto and that what’s required is a ‘ubiquitous’ app that’s needed by everyone. Hosted on Acast. See acast.com/privacy for more information.

Binance chief Changpeng Zhao (CZ) has announced on Twitter that the firm will launch “an industry recovery fund” to help limit the impact of the collapse of FTX and the rest of Sam Bankman-Fried’s cryptocurrency empire. Hosted on Acast. See acast.com/privacy for more information.

With most eyeballs on FTX’s rapid meltdown last week, fears of a Crypto.com insolvency are swirling on the periphery. Some observers fear that Crypto.com or its Cronos (CRO) blockchain system could face similar struggles or financial shortfalls in the wake of the FTX collapse. Hosted on Acast. See acast.com/privacy for more information.

As the FTX meltdown continues, worried users are turning to inventive, risky, and most probably illegal workarounds to attempt to extract what funds they can from the Bahamas-based crypto exchange. Hosted on Acast. See acast.com/privacy for more information.

Sam Bankman-Fried’s crypto exchanges FTX and FTX.US, trading firm Alameda Research, and over 100 related entities have declared Chapter 11 bankruptcy. Hosted on Acast. See acast.com/privacy for more information.

In an almost instantly-deleted tweet, billionaire and activist investor Bill Ackman “gave credit” to founder and chief exec of bankrupt crypto exchange FTX Sam Bankman-Fried (SBF) for his “accountability,” and said he’d “never seen a CEO take responsibility as [SBF] does here.” Hosted on Acast. See acast.com/privacy for more information.

The popular Bitcoin OpTech newsletter has created a Hall of Fame to thank developers who responsibly disclosed major vulnerabilities in Bitcoin software without exploiting them for their own benefit. The list provides more than four years of history of episodes when Bitcoin came close to the brink of failing. Hosted on Acast. See acast.com/privacy for more information.

As Sam Bankman-Fried’s crypto exchange FTX faces bankruptcy, users are scrambling to move cryptocurrency to cold wallets like Ledger and Trezor — but due to a sudden surge in traffic, Ledger experienced ‘downgraded server performance’ which left users unable to send or withdraw funds. Hosted on Acast. See acast.com/privacy for more information.

According to two investment tracking websites, a pair of bitcoin’s most vociferous supporters, MicroStrategy founder Michael Saylor and president of El Salvador, Nayib Bukele, are a combined $1.75 billion down on their well-publicized investments. Hosted on Acast. See acast.com/privacy for more information.

Justin Sun has apparently noticed a number of pretty significant events happening in crypto at present. He also seems to have realized that nobody’s talking about him so, in true Justin Sun fashion, has found a way to insert himself into the discussion. Hosted on Acast. See acast.com/privacy for more information.

Until recently, Sam Bankman-Fried (SBF) had one of the largest fortunes in the digital industry world, with an estimated net worth exceeding $16 billion. Yet now the world can see the truth: SBF lies a lot. Like most mark-to-market fortunes that only exist on paper, wealth can evaporate during a liquidity crisis. Hosted on Acast. See acast.com/privacy for more information.

On the heels of a tumultuous few days, weeks, and months for the cryptocurrency industry, the Consumer Financial Protection Bureau (CFPB) has released a 45-page bulletin detailing consumer reports of frauds, scams, and other malfeasance related to crypto — but is it a day late and a dollar short? Hosted on Acast. See acast.com/privacy for more information.

Insiders at could-be acquired crypto exchange FTX are sharing perspectives on Twitter that paint a bleak picture of the firm’s final throes. As the market questioned the solvency of Sam Bankman-Fried’s top exchange, employees were seemingly left in the dark. Hosted on Acast. See acast.com/privacy for more information.

A prominent trader within the crypto community has recently speculated that Solana may pump if Binance chief Changpeng Zhao (CZ) tweets anything positive about his mooted takeover of FTX. Hosted on Acast. See acast.com/privacy for more information.

Yesterday, the world’s largest crypto exchange Binance announced it’s set to buy out struggling Bahamas-based rival FTX pending due diligence. However, markets are seemingly 50/50 on the chances of the deal going through. Hosted on Acast. See acast.com/privacy for more information.

Polkadot supporter Web3 Foundation recently claimed that the $7 billion token Polkadot (DOT) has made friends with the Securities and Exchange Commission (SEC) and no longer qualifies as a security — instead, it’s software. Only, no evidence exists that the SEC made such a claim. Hosted on Acast. See acast.com/privacy for more information.

In an effort to assess FTX’s financial situation, we’ve attempted, unsuccessfully, to track down the cold wallet with the remainder of the exchange’s ether. In the process of searching for the wallet, we encountered a series of interesting transactions that, while not evidence of any malfeasance, point to a very close relationship between FTX and Alameda Research. Hosted on Acast. See acast.com/privacy for more information.

BitDAO, a DeFi project “building governance, treasury management, and DeFi products” linked to crypto exchange ByBit, has called out DeFi-focused trading firm Alameda Research to request proof that it didn’t break a three-year agreement to not sell each other’s tokens. Hosted on Acast. See acast.com/privacy for more information.

Binance and FTX have just announced that, pending due diligence, Binance will be acquiring FTX in order to help with a “liquidity crunch”. Hosted on Acast. See acast.com/privacy for more information.

FTX has stopped processing withdrawals of ERC-20 tokens, Solana, and Tron since earlier this morning. This comes amidst a renewed focus on the financial position of FTX, Alameda Research, and the extended Sam Bankman-Fried universe. Hosted on Acast. See acast.com/privacy for more information.

John Dalli, former Maltese finance minister and former EU Commissioner for Health and Food Safety, has deep ties to a suspected Ponzi scheme that involves a crypto operation known as QuickX. Hosted on Acast. See acast.com/privacy for more information.

Hackers from North Korea using “unfamiliar tools” have attempted to steal money from an Israeli crypto firm, presumably to fund the country’s secretive nuclear program, according to reports in Israel. Hosted on Acast. See acast.com/privacy for more information.

On Monday, crypto firm LBRY Inc. lost its case against the Securities and Exchange Commission (SEC). LBRY was initially charged by the SEC in March 2021 for selling securities and failing to register with the commission. Hosted on Acast. See acast.com/privacy for more information.

In an unprecedented move, the Department of Justice (DoJ) has announced that it has arrested a “James Zhong” and seized over 50,000 bitcoins. The coins in question were originally stolen from the dark web marketplace the Silk Road back in 2012 — a full decade ago. Hosted on Acast. See acast.com/privacy for more information.

While it would be unfair to say that every corporate stadium naming rights partnership precedes an unfortunate event — after all, there are more than 75 professional league stadiums in America — a mythology has been established around such deals and the hubris it takes to see them through. Hosted on Acast. See acast.com/privacy for more information.

UK Parliament has asked the public to weigh in on non-fungible token (NFT) regulation amid tanking sales and depreciating value. Hosted on Acast. See acast.com/privacy for more information.

The rivalry between CZ and SBF is, at its heart, the story of a bromance gone sour. The two and their respective companies are natural competitors that had until now been brought together in a strategic partnership. Let’s take a look at some of the key ups and downs in one of crypto’s most high-profile relationships. Hosted on Acast. See acast.com/privacy for more information.

Polygon, an Ethereum scaling platform that claims to be decentralized, is landing partnerships with major names. Already a partner with Coinbase NFTs, it just became the primary provider of Instagram’s upcoming NFT marketplace. Hosted on Acast. See acast.com/privacy for more information.

Synonym CEO John Carvalho has accused a number of Bitcoin Core developers of attempting to force Bitcoin to accept replace-by-fee (RBF) transactions by default. Their proposal would change Bitcoin’s core protocols rather than let users decide whether to use RBF transactions or zero-confirmation (0conf) at the surface level. Hosted on Acast. See acast.com/privacy for more information.

A website claims to have worked out how much Michael Saylor and MicroStrategy would have made if the company had invested in Ethereum instead of bitcoin – and the yacht-loving bitcoin evangelist had probably better look away now. Hosted on Acast. See acast.com/privacy for more information.

CoinDesk has obtained financial documents belonging to Alameda Research that provide an unprecedented view into its financial position and entangled relationship with sister company FTX.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

Six years after it launched, Crypto.com had confirmed its position alongside the likes of Binance, Coinbase, and FTX as a top 10 spot crypto exchange.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

The noise pollution of bitcoin mining in Niagara Falls has led to City Hall ordering two major operations to shut down until they take measures to reduce the sound of cooling fans — but only one has complied so far.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

Bitcoin developers are discussing a new Lightning Network bug that can cause unattributed payment routing failures. This bug can cause Lightning Network payments to fail without the parties involved knowing why.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

Since news of Elon Musk’s Twitter takeover was announced last week, his favorite crypto Dogecoin has more than doubled in price. The Shiba Inu-branded token was launched as a joke by crypto-skeptic Jackson Palmer, yet it’s soared into the eighth biggest cryptocurrency by market cap — supported by Reddit community WallStreetBets and various superstars like Snoop Dogg, Mia Khalifa, and Mark Cuban.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

The world of crypto is a minefield of hacks, scams, and rug pulls. The maxim “not your keys, not your coins” advises against trusting centralized exchanges but, as today’s news about crypto exchange Deribit and lending protocol Solend shows, neither CeFi nor DeFi is safe from the near-constant efforts of exploiters.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

The New York Times has revealed that Eryka Gemma was the individual responsible for giving the 1776 Returns document to Enrique Tarrio, the leader of the far-right group the Proud Boys who has been indicted for seditious conspiracy.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

A new social media platform designed specifically for crypto users launched this week, promising to “cultivate a crypto community built on trust and transparency.”If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

The Cambodian government has come under fire for turning a blind eye to Chinese crime rings that human trafficked ‘up to 100,000’ migrant workers and forced them to run online scams, including fraudulent crypto ICOs.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

Dirty Bubble Media has published the results of an investigation into links between Sam Bankman-Fried’s (SBF) companies and Celsius. As it turns out, FTX, SBF, Celsius, and even Tether are far more financially linked than previously thought — with ties running deeper than SBF’s Alameda Research becoming a major creditor to now-bankrupt Celsius.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

Digital asset traders FOMO’d into buying heavyweight tungsten cubes last year based on a joke by Castle Island Ventures partner, On The Brink podcast host, and Bitcoin mining apologist Nic Carter.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

Integrated blockchain gaming and entertainment platform Catheon this week announced the release of its $CATHEON token, a replacement for its $CHICKS token that was tied to the NFT-based play-to-earn (P2E) game SolChicks, which faked fanbase numbers earlier this year. If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

The Cayman Islands-registered yacht bought by Three Arrows Capital co-founders Su Zhu and Kyle Davies, famously named ‘MUCH WOW,’ has ended up in Malta. The yacht, now rechristened the ‘RMF,’ arrived in Malta from the port of Yasmine Hammamet in Tunisia last week.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

In the last half year of 2021, the world’s richest man Elon Musk appeared to repeatedly pump his three favorite coins on Twitter: bitcoin, ether, and doge.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

It’s been a brutal year for cryptocurrencies, with the industry shedding trillions since hitting all-time highs last year. But the crypto market isn’t alone. Stocks, bonds, and many commodities were also riding high just a year ago. So, what we want to know is, is cryptocurrency underperforming or outperforming the market?If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

The Bitcoin whitepaper was released by the pseudonymous Satoshi Nakamoto exactly 14 years ago, on October 31, 2008. They shared the nine-page document under the permissive free software MIT license for anyone to access. However, just last year a UK court forced a website to take it down for infringing copyright.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.

Last week, the fledgling US-based miner Core Scientific, which has been selling most of its bitcoin throughout this year announced that it’s ready to go through bankruptcy proceedings with creditors as it halts all its debt payments.If you'd like to read this article and more, visit Protos.com Hosted on Acast. See acast.com/privacy for more information.

Happy Halloween! If you’re interested in checking out some Halloween-themed metaverse, crypto, or NFT parties today, read on. If you’re new to virtual reality, metaverses, OpenSea, MagicEden, or the hundreds of costume-friendly NFT communities on Discord, YouTube, or Twitch, it’s simple to stop by and say hello.If you'd like to read this article and more, visit Protos.com. Hosted on Acast. See acast.com/privacy for more information.