A group of employees at FTX’s U.S. division discovered a backdoor in the crypto exchange’s systems that gave its trading arm, Alameda Research, special privileges, the Wall Street Journal reported. Citing people familiar with the matter, the WSJ said the employees came across code while examining FTX’s international platform that
October 5, 2023 2 mins read
Ethereum layer-2 Polygon took a significant step toward its highly anticipated 2.0 upgrade this week with the deployment of native token POL on the Goerli testnet. MATIC co-founder Mihailo Bjelic announced the activation, calling it a milestone in realizing the planned upgrades that will transition Polygon to a new modular
October 4, 2023 1 min read
Jaynti Kanani, an original co-founder of the leading layer-2 network Polygon, announced this week that he has resigned from his key leadership duties to pursue other opportunities. In a tweet, Kanani said that after kickstarting Polygon in 2017, he decided around 6 months ago to step back from the “day-to-day
October 4, 2023 1 min read
Analytics provider Santiment has flagged Cardano as an altcoin primed to potentially decouple from broader crypto market trends. Alongside AAVE and CRV, Santiment suggests Cardano could benefit from volatile short-term windows, ideal for savvy traders. But conflicting indicators currently signal both opportunities and risks for ADA. At the time of
October 3, 2023 2 mins read
Despite recent legal victories, on-chain data suggests the perceived resurgence of XRP may be overhyped. Liquidation figures and lackluster price action indicate the disputed cryptocurrency has yet to see the hype translate into renewed bullish momentum. According to CoinGlass, around $1.35 million worth of XRP positions have been liquidated amid
October 3, 2023 1 min read
A new collaboration aims to strengthen stablecoin adoption and development on the Cardano blockchain. Cardano Spot, a leading web3 media network, has partnered with Minswap Labs to educate users on the expanding stablecoin ecosystem. Cardano Spot provides trusted insights into Cardano-native projects like Minswap, the leading decentralized finance (DeFi) protocol
September 28, 2023 2 mins read
Shiba Inu is gearing up for its biggest month, if past performance proves predictive. The prominent meme coin has a knack for explosive growth in October, defying typical market trends. With the arrival of “Uptober,” SHIB holders hope the token repeats or even exceeds its astronomical 833% surge last year.
September 28, 2023 2 mins read
A massive options liquidation plunge on Ethereum is sending shockwaves across cryptocurrency markets, pulling down the prices of major alternative coins. Over $16 million worth of Ether options positions flooded out in under 24 hours, signaling bears cementing control. The ripple effects of intense selling pressure on Ethereum underscore its
September 28, 2023 1 min read
In an unexpected development, the meme-inspired cryptocurrency Shiba Inu (SHIB) has seen a dramatic rise in large “whale” transactions in recent weeks. On September 22nd, the total volume of trades above $100,000 hit $38 million, matching an identical spike on September 11th. The number of these large transactions also surpassed
September 27, 2023 1 min read
Shiba Inu, the dog-themed digital coin, is making waves with a historic milestone. The total number of Shiba Inu addresses has just soared to an unprecedented 3.6 million. This surge comes despite recent price dips, highlighting the resilient appeal of this canine-inspired token. According to data from IntoTheBlock, Shiba Inu
September 26, 2023 2 mins read