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Month: December 2022

Crypto Market Remains Stable Despite FTX CEO’s Arrest

Crypto Market Remains Stable Despite FTX CEO’s Arrest

• Prices: Bitcoin drifted lower in Tuesday trading, albeit not by much as crypto prices remain largely frozen near levels they’ve held for a week. • Insights: CoinDesk’s Chief Insights Columnist David Z. Morris zeroed in on the seriousness of crypto exchange giant FTX CEO Sam Bankman-Fried’s offenses, leading to the U.S. Department of Justice subsequently charging him with wire fraud and other alleged crimes. • Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders…

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Defrost Finance Hacked – $12 Million Stolen in Unusual Rug Pull

Defrost Finance Hacked – $12 Million Stolen in Unusual Rug Pull

• Decentralized-finance protocol Defrost Finance was hacked on Friday, with blockchain security firm PeckShield estimating that $12 million was taken. • The attack used a flash loan to drain funds out of the protocol’s V2 product, and a second larger attack used the owner key to exploit V1. • If the attack is a rug pull, it would be an unusual one, as the team behind the scheme usually goes silent and can’t be contacted. On Friday, decentralized-finance protocol Defrost…

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The Saturn Apple Watch 6: A Comprehensive Guide

The Saturn Apple Watch 6: A Comprehensive Guide

The Saturn Apple Watch 6 is the most recent in a long collection of elegant and fashionable smart watches offered by Apple. The new model comes with numerous options that make it the best choice for people who wants for a way to remain connected remain active and trendy. With its sleek design and modern features this watch Saturn Apple Watch 6 is made to be the ideal companion to your everyday. Design The primary thing that stands out with…

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What to Expect from the Apple Watch 7

What to Expect from the Apple Watch 7

The Apple Watch Series 7 is the most recent update to the Apple’s smartwatch range. This model builds on the popularity that was Series 6 Series 6, but with some updates and improvements. It is believed that the Apple Watch 7 will be one of the most technologically advanced smartwatches to be made. This article will go over an in-depth look at the specs, features pricing, and the launch date that will be included in Apple Watch 7. Apple Watch…

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Crypto Payments to Ransomware Hackers Plummet to Just $16 Million in 2022

Crypto Payments to Ransomware Hackers Plummet to Just $16 Million in 2022

• According to a report by blockchain intelligence firm Crystal Blockchain, the total amount of cryptocurrency payments to ransomware hackers in 2021 was only $16 million, a stark contrast to the nearly $74 million USD in 2021. • Crystal’s director of blockchain intelligence believes that it is too early to conclude that ransomware attacks are in permanent decline. • Analysis of on-chain activity shows a decrease in popularity of crypto services with a high money laundering risk score, while those…

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Financial Advisors: CFP Board Outlines Crypto Risks & Guidance

Financial Advisors: CFP Board Outlines Crypto Risks & Guidance

• The Certified Financial Planner (CFP) Board issued a 14-page report outlining the risks associated with investing in cryptocurrency. • The report outlines standards for financial advisors to abide by when giving advice on cryptocurrency investment, including adhering to Fiduciary Duty and possessing competency in the topic. • The report does not require advisors to give advice on crypto, but it does provide guidance on how to do so if they choose to. The Certified Financial Planner (CFP) Board recently…

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FTX Bankruptcy: Paul Hastings LLP Appointed for Creditors’ Representation

FTX Bankruptcy: Paul Hastings LLP Appointed for Creditors’ Representation

• Paul Hastings LLP has been chosen to represent FTX creditors in the crypto exchange’s bankruptcy proceedings. • The court document filed on the same day shows the New York law firm, along with Delaware-based Young Conaway Stargatt & Taylor LLP, will be handling “all papers served or required to be served,” in the bankruptcy case on behalf of creditors. • At a meeting of FTX creditors held Tuesday, U.S. Trustee Juliet Sarkessian urged creditors looking to secure their representation…

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Crypto Market Stability: Low Realized Volatility Indicates Imminent Wild Price Fluctuations

Crypto Market Stability: Low Realized Volatility Indicates Imminent Wild Price Fluctuations

• The crypto market has been experiencing a period of stability as Bitcoin is locked in a narrow range amid macroeconomic uncertainty and FTX contagion fears. • Bitcoin’s realized volatility has hit a two-year low, indicating a period of calm before a sharp move. • Low realized volatility combined with an uptick in implied volatility is a sign of upcoming wild price fluctuations. The crypto market has recently been experiencing a period of stability, with Bitcoin locked in the narrow…

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British Columbia Imposes 18 Month Moratorium on Crypto Mining

British Columbia Imposes 18 Month Moratorium on Crypto Mining

• British Columbia has become the third Canadian province to impose restrictions on crypto mining, with a 18 month moratorium on new connections to the power grid. • The move is intended to preserve electricity for electric vehicles and heat pumps, and for businesses and industries that are undertaking electrification projects. • Currently, 21 projects are requesting a total of 1,403 megawatts (MW) in the province, equivalent to the energy needed to power approximately 570,000 homes, or 2.1 million electric…

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Twitter Integrates Crypto Prices into Search Results – Get Up-to-Date Info Easily!

Twitter Integrates Crypto Prices into Search Results – Get Up-to-Date Info Easily!

• Twitter has integrated cryptocurrency prices into its search results using a plug-in from charting platform TradingView. • This integration allows users to type crypto or stock tickers into the search bar to generate the current value and a price chart. • The social media giant has had several ties to the crypto industry over the past few years. Twitter, the popular social media platform, recently announced their integration of cryptocurrency prices into their search results using a plug-in from…

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