CoinEx Promises 100% Compensation Amidst Recent Attack

At 14:18 (UTC) on September 12, 2023, Cyvers Alerts posted a tweet regarding suspicious withdrawals on the CoinEx Exchange. Crypto assets, including ETH, TRON, MATIC, and more from CoinEx’s hot wallets, were transferred to unknown addresses, raising suspicions of a potential hack. The CoinEx team responded to the incident on Twitter at 17:38 the same day. According to the official […]

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Ethereum Set For Spring Highs After Correction: Top Analyst

Ethereum (ETH)  is facing a challenging period as crypto trader Bluntz predicts further bearish trends before a potential reversal. This uncertainty in Ethereum’s price has sparked discussions in the crypto community, especially in light of recent whale activity. Crypto analyst Bluntz, known for his insightful market predictions, has raised concerns about Ethereum’s short-term performance. He applies the Elliott Wave theory, […]

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FTX Modifies Bitcoin And Crypto Sale Proposal Last Minute

In a recent court filing, FTX, the crypto exchange currently navigating bankruptcy, has made last-minute adjustments to its proposal concerning the sale of its Bitcoin and crypto holdings. This move is seen as an attempt to address concerns raised by the US Trustee, the bankruptcy branch of the Department of Justice. FTX’s initial proposal, which is set to be reviewed […]

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PayPal PYUSD stablecoin is 100% backed: Paxos transparency report

Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets. According to the report, the total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, 2023. The total notional position […]

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Why The NASDAQ’s Latest Move Is Important For Fund Managers Filing Ethereum ETFs

Traditional financial institutions that have filed crypto ETF applications have focused on a particular market (spot or futures). However, a recent NASDAQ application suggests that the asset manager Hashdex is taking a different approach, which could be a game changer in the Ethereum ETF race.  NASDAQ Proposes To List Ethereum ETF According to the application filed with the US Securities […]

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Brad Garlinghouse Criticizes SEC Chair Gary Gensler's Approach to Crypto

During his visit to Singapore for TOKEN2049, Ripple CEO Brad Garlinghouse sat down with Bloomberg reporter Annabelle Droulers to discuss a range of topics, including Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), the company’s international expansion, and the broader state of the cryptocurrency industry. Garlinghouse expressed frustration with the SEC’s reluctance to engage constructively with […]

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Chainalysis Unveils 2023 Global Crypto Adoption Index

Chainalysis, a leading firm in blockchain analytics, unveiled its 2023 Global Crypto Adoption Index on September 12, 2023. This new index is part of the company’s forthcoming “2023 Geography of Cryptocurrency Report,” scheduled for release in October 2023. Based on the blog post Chainalysis published yesterday, the primary aim of the index is to amalgamate blockchain-based data with real-world metrics […]

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Rep. Tom Emmer reintroduces anti-CBDC bill to Congress

Legislation aimed at preventing “unelected bureaucrats in Washington” from issuing a central bank digital currency (CBDC) has been reintroduced by Representative Tom Emmer. On Sep. 12, Emmer and 49 original co-sponsors revived the “CBDC Anti-Surveillance State Act” in the United States House of Representatives in a bid, they claim, to protect Americans’ right to financial privacy. “The administration has made […]

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