The firm also downplayed suggestions that its valuation has plummeted from $6 billion as of July 2022 to roughly $2 billion in March 2023. Continue Reading on Coin Telegraph More
On March 25, blockchain-focused security firm CetriK revealed the possibility of a phishing link being circulated via the Arbitrum Discord server. It is suspected that a hacked Discord account of one of Arbitrum’s developers was used to share a fake announcement with a phishing link.Continue Reading on Coin Telegraph More
In a transaction on March 25, the exploiter returned 51,000 Ether (ETH) worth around $88 million at the time of writing. A second transfer of 7,737 ETH was made on the same day, worth over $13 million. Previously, on March 18, the hacker sent 3,000 ETH to the protocol, worth nearly $5.4 million at the time. The exploiter still controls some of the stolen assets. Continue Reading on Coin Telegraph More
As bankruptcy proceedings for FTX move forward, debtors of the defunct crypto exchange have approved an agreement seeking to sell $95 million worth of its preferred stock in Mysten Labs, the company behind the Sui blockchain. Court approval is still pending, as is the potential for other bids on the stocks. In a related headline, FTX is seeking to recover $460 million of allegedly misappropriated customer funds from venture capital firm Modulo Capital, which received a sizeable investment from Alameda Research last year. The investment was reportedly directed by Sam Bankman-Fried, who faces multiple counts in federal court related to alleged fraud during his time as CEO. Continue Reading on Coin Telegraph More
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it focused on $27,500 at the time of writing.Continue Reading on Coin Telegraph More
The well-known crypto whale tracking platform, WhaleStats, took to Twitter this morning to share some new data about the trading habits of some of the largest Ethereum (ETH) whales. According to the post, Apecoin (APE) has flipped WETH as the most traded token among the top 500 ETH whales.
APE / Tether US 1D (Source: TradingView)CoinMarketCap indicates that APE is one of the many cryptocurrencies trading in the red after a very bearish past week. APE is currently trading hands at $4.26 after a 0.47% price decrease over the last day. APE was also able to reach a high of $4.24 and a low of $3.94 over the same time period.Despite the drop in price, APE was still able to strengthen against Bitcoin (BTC) and Ethereum (ETH) by about 2.35% and 3.13% respectively. APE’s weekly performance has some worth to do in order to recover as the altcoin is in the red by more than 8% over the last week.APE’s 24-hour trading volume is currently in the green zone and stands at $123,199,011 after a more than 21% increase since yesterday. In terms of market cap, APE stands at $1,533,184,687, which makes it the 38th biggest crypto in terms of market capitalization.
WETH price (Source- CoinMarketCap)WETH also fell prey to the bearish week as the crypto is now worth about $1,752.46 after a 3.45% price decrease over the last 24 hours. The crypto did, however, reach a high of $1,818.34 over the same time period.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post APE Flipped WETH As The Most Traded Token Among Top ETH Whales appeared first on Coin Edition.See original on CoinEdition More
German bank Deutsche WertpapierService Bank (Dwpbank) is providing securities processing services to approximately 1,200 banks and has announced the launch of a new platform called wpNex. This new platform is set to provide Bitcoin to all retail customers affiliated with its partners in the latter half of the year.As per reports from local media, the upcoming service will integrate crypto accounts alongside the traditional accounts of bank customers, and will not mandate any additional Know Your Customer (KYC) procedures.Tangany, a Wallet-as-a-service provider, and Tradias, the digital asset trading service offered by Bankhaus Scheich, will also be involved in the new initiative. Under this service, retail customers will not be in possession of private keys. Heiko Beck, the CEO of Dwpbank, stated that the bank intends to introduce other cryptocurrencies, digital assets, and tokenized securities to the service in the future.MLP Banking became the first affiliate of Dwpbank to join the wpNex platform and has already conducted a transaction on it. Paul Utzat, the head of account and securities processing at MLP Banking, mentioned in a statement:According to the statement by Paul Utzat, the crypto accounts on wpNex are directly linked to euro cash accounts, which means that transactions can be carried out without the need for a separate payments account.Germany has been recognized as one of the most favorable countries for cryptocurrencies. In February, DZ Bank, which is the second-largest bank in Germany in terms of assets, and a central institution for a network of bank cooperatives with 8,500 branch offices, declared that it would be introducing a cryptocurrency to its asset management service.However, German crypto bank Nuri had to shut down in November due to the bearish trend in the cryptocurrency market, despite having half a million customers. Meanwhile, the traditional finance sector in Germany saw instability spread among European banks, causing Deutsche Bank (ETR:DBKGn) shares to plummet on March 24. Deutsche Bank’s asset management division, DWS, is said to be discussing investment in the tradias service.The post Dwpbank Launches wpNex, Offers BTC Trading To Retail Customers appeared first on Coin Edition.See original on CoinEdition More
The crypto journalist and podcaster, Laura Shin, updated her official Twitter page with the interview of Paul Grewal, the top lawyer of the leading crypto exchange Coinbase (NASDAQ:COIN), in which he addressed the Securities and Exchange Commission’s (SEC) Wells Notice against the company a “Massive Overreach”.On March 24, the podcast channel Unchained, released its latest video, an interview with Coinbase’s lawyer, highlighting his concerns over the SEC’s recent “warning that it would pursue legal action against the crypto exchange”.Significantly, the lawyer stated that when Coinbase received the SEC’s Wells Notice, though the company was disappointed, it was never surprised; for many years the company has been trying to “get reasonable rules to operate rating in plain sight and the commission is simply chosen or refused to engage with us [Coinbase]”.Notably, Shin shared a thread commenting that Grewal has been complaining about the SEC’s current stance, the preference for “court fights” rather than “conversations”:In addition, the podcaster stated that the lawyer revealed the condition of the company over the past nine months, while Coinbase was “given essentially no response” to the major queries, by the SEC during their official meet-ups.During the interview, Grewal pointed out that both in private conversations and public meetings, the SEC had been reluctant to give adequate explanations. He stated:Furthermore, Coinbase’s lawyer elaborated on the SEC’s refusal to provide adequate information on any of the necessities that the company asked for. The basic doubts related to the unique blockchain technologies that should be accommodated by the exchange hasn’t been answered by the SEC.The post Coinbase’s Lawyer Addresses SEC’s Wells Notice a ‘Massive Overreach’ appeared first on Coin Edition.See original on CoinEdition More
