Key Bitcoin price metric drops to a 2-week low — Is the BTC bull market over?
Bitcoin price has dropped to a worrying low, leading some traders to throw in the towel and claim the bull run is over.This post was originally published on this site
German gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressure
Repeated Bitcoin transfers to centralized exchanges suggest the German government plans to sell the remaining $1.3 billion in BTC holdings.This post was originally published on this site
Io.net CEO departs 2 days before token launch
Ahmad Shadid, one of the founders of io.net, left “effective immediately” but said it wasn’t related to allegations regarding his past. This post was originally published on this site
Bitfinex CTO Dismisses Breach Claims as ‘Pure FUD,’ Says No Group Has Asked for Ransom
Paolo Ardoino, the chief technology officer of Bitfinex, has dismissed claims that Bitfinex has been breached as “pure FUD [fear, uncertainty and doubt].” A report by Shinoji Research suggested that the ransomware group, Fsociety, might have access to every Know Your Customer (KYC) document since Bitfinex’s inception. A security researcher suggested that these claims might […]
SEC accuses Utah firm of ‘fraudulent’ $18M crypto mining scheme
The SEC said Green United’s operation was a fraud and the community was quick to quell fears of the SEC classing crypto mining as a security in the suit.This post was originally published on this site
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets or “debt tokens.” The alert comes as a […]
Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed that the staff cuts are true and Huobi plans […]
CZ addresses reasons behind Binance’s recent FUD
Binance’s FUD is primarily caused by external factors – not by the exchange itself, according to CZ. This post was originally published on this site
Accounting Firm Mazars Stops Proof-of-Reserve Audits for Crypto Firms, Binance Audit Removed From the Web
The accounting firm Mazars Group has stopped doing proof-of-reserves (POR) audits for cryptocurrency exchanges and the recently published Binance POR has been removed from the web. Mazars was conducting a number of POR audits for crypto exchanges like Binance, Crypto.com, and Kucoin following the FTX collapse last month. Mazars Group Pauses Crypto Company Audits, Binance […]
Tether to reduce secured loans to zero in 2023 amid battle against FUD
The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal. This post was originally published on this site