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Cryptocurrency Exchanges Face Security Issues

February 2, 2024

Recent reports have unveiled potential security challenges impacting a couple of high-profile cryptocurrency exhanges. The first instance relates to Binance, one of the leading global crypto exchanges. Allegedly, some of …

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Jupiter Airdrop Boosts Solana's Daily Trading Activity Surpassing Ethereum

February 2, 2024

The Solana-based Jupiter airdrop has created a buzz, pushing decentralized exchange (DEX) trading activity on the layer1 blockchain network past Ethereum. Recent data indicates that Solana-based DEXs facilitated trades totaling …

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US DOJ Charges Three Suspects Linked to a Potential $400 Million FTX Crypto Scandal

February 2, 2024

The United States Department of Justice (DOJ) has charged three individuals, Robert Powell, Carter Rohn, and Emily Hernandez, with fraud and identity theft linked to a Sim-swap scam in late …

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Legal and Security Challenges for Binance: Hamas Lawsuit and Frozen XRP Funds

February 2, 2024

The crypto exchange Binance faces mounting troubles as it finds itself entangled in two separate incidents. In one, families of Hamas victims filed a lawsuit alleging that the platform indirectly …

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Learn Concept: Understanding Pump and Dump Schemes in Crypto Market

February 2, 2024

Throughout 2023, analytical studies have found that a majority of new Ethereum tokens introduced may have been targets of pump and dump schemes, a type of market manipulation that involves …

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Larry David Expresses Regret Over FTX Super Bowl Ad

February 2, 2024

Comedian Larry David confessed his remorse for taking part in an ad for Sam Bankman-Fried's cryptocurrency exchange, FTX. This ad, which gained significant attention during the Super Bowl, soon caused …

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US Initiates Monitoring of Cryptocurrency Miners' Energy Consumption

February 1, 2024

The US Energy Information Administration (EIA) has announced that it will commence data collection on the energy consumption rates of cryptocurrency miners across the country. This Provisional survey, scheduled to …

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Polygon Labs Trims Workforce by 19% to Enhance Focus and Performance

February 1, 2024

Polygon Labs, the company behind Ethereum scaling network, announced a 19% workforce reduction, impacting around 60 employees across different departments. CEO Marc Boiron conveyed this in an internal memo, stating …

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New Ethereum Tokens Reportedly Targets of Pump and Dump Schemes in 2023

February 1, 2024

A new consensus suggests that a majority of Ethereum tokens introduced in 2023 may have been targets of pump and dump schemes, according to multiple analytical studies. Despite appearing potentially …

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Binance Records Record-Breaking Spot Trading Volume Amid Legal Challenges

February 1, 2024

In spite of several legal obstacles and a shift in executive leadership, Binance, the world's leading centralized exchange by trading volume, has set new records in trading, as per a …

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