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Coinbase’s latest move sees the discontinuation of pUSDC withdrawals on Polygon, yet users retain the ability to deposit and withdraw USDC. This shift underscores evolving strategies in the cryptocurrency market. In a significant development in the world of cryptocurrency, Coinbase, one of the leading cryptocurrency exchange platforms, has announced that it will no longer support the withdrawal of pUSDC, the wrapped version of the USDC (USD Coin) on the Polygon network. This decision comes as part of a strategic shift in Coinbase’s support for various digital assets, and it takes effect immediately. Despite this change, users will still have the…

Binance faces off against the SEC in a Washington, D.C. legal showdown. Judge Amy Berman Jackson’s rulings precede a significant hearing. Circle’s amicus curiae challenges the SEC on stablecoins, while out-of-state attorneys navigate ‘Pro Hac Vice’ status with digital filing conditions. The crypto industry anticipates a precedent-setting outcome. In the ongoing legal showdown between cryptocurrency giant Binance and the United States Securities and Exchange Commission (SEC), Judge Amy Berman Jackson has made significant rulings to address pending motions in the case as the legal battle enters a crucial phase. The courtroom drama is set to take center stage today, October…

Stars Arena recovers 90% of stolen crypto after October exploits, rewarding hacker with a 10% bounty Recently, the Web3 social media platform has managed to reclaim a substantial portion of the cryptocurrency stolen in an October 7th exploit. The platform confirmed that nearly 90% of the 266,000 Avalanche (AVAX) tokens, valued at approximately $3 million at the time, have been returned. This significant recovery comes in exchange for a 10% bounty offered to the person responsible for the breach. In an announcement via X today, Stars Arena revealed that they had agreed with the exploit’s orchestrator, offering them a 27,610-AVAX…

Ethereum’s whales maintain unwavering commitment, consistently adding to their holdings during price drops In a surprising twist, Ethereum (ETH), the global crypto leader, faced formidable selling pressure at $1,750. Currently, ETH is down 1.73% to $1,560, with a $187 billion market cap. Despite this bearish episode, on-chain data highlights Ethereum’s whale addresses amassing an incredible 40 million ETH, reinforcing their faith in its long-term prospects. Santiment, a reputable on-chain data provider, disclosed that the wealthiest Ethereum whales on and off exchanges augment their holdings, even as the overall market value hovers slightly above $1,570. Approximately 8.51% of Ethereum ($ETH) resides…

The Department of Justice aims to prevent FTX founder Sam Bankman Fried from using AI investment evidence in an ongoing fraud trial. Stay informed on this legal maneuver’s implications. The US Department of Justice (DOJ) has filed a motion to prevent Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX Derivatives Exchange, from mentioning his involvement in the Artificial Intelligence (AI) company Anthropic during his fraud trial. The DOJ alleges that Bankman-Fried misused customer funds to invest $500 million in Anthropic in 2022, which is now valued at over $2 billion. Anthropic’s Success Irrelevant To Fraud Charges, DOJ Claims…

SEC’s Security Breach Probe: Pre-Musk Twitter Vulnerabilities and Elon Musk’s Takeover Face Scrutiny. Shareholder disclosures and security measures examined in the 2018 breach. Parallel SEC investigation delves into Musk’s Twitter acquisition, adding complexity to social media governance. Washington, D.C. – The United States Securities and Exchange Commission (SEC) has officially initiated an investigation into the security breaches that plagued the social media giant Twitter, now rebranded as the X app, prior to its acquisition by Tesla CEO Elon Musk. This inquiry delves into the handling of security vulnerabilities by former Twitter executives, shedding light on events dating back to 2018.…

Friend.tech reinforces security against SIM-swap attacks; users now use an extra password for protection amid a wave of cyber threats The decentralized social media platform Friend.tech has unveiled a new security enhancement to fortify its defenses against a wave of SIM-swap attacks plaguing its user base. Announced in a post on X (formerly Twitter), the development seeks to safeguard users from falling victim to these malicious exploits. The pivotal modification requires Friend.tech users to enter an extra password during the login process from a new device, significantly enhancing the barriers against potential cyber adversaries and bolstering the platform’s overall security…

Bitcoin leads with over 50% dominance, asserting its safety, while Ethereum and altcoins encounter hurdles in a volatile market In a world of fluctuating cryptocurrencies, Bitcoin (BTC) stands strong, weathering the storm of market volatility. Ethereum and other altcoins struggle to maintain their positions; Bitcoin’s dominance skyrockets, exceeding 50% from its 38% position at the outset of 2023, showcasing its enduring strength in the crypto arena. Bitcoin’s remarkable resilience and outperformance compared to alternative cryptocurrencies have once again reinforced its historical reputation as a haven asset. Some experts even view it as a valuable diversification option for traditional market investments.…

Bitcoin maximalist Max Keiser criticizes DeFi after ThorSwap suspends operations due to FTX hacker, highlighting concerns about DeFi’s vulnerability. In a recent turn of events, prominent Bitcoin maximalist Max Keiser has voiced his concerns about the decentralized finance (DeFi) sector following the suspension of operations by ThorSwap. The DeFi platform decided to halt its activities in response to an attempt by the FTX hacker to convert stolen Ethereum (ETH) through its platform. The FTX exchange fell victim to a hacker last November, resulting in the theft of millions of dollars worth of cryptocurrencies. The thief then managed to convert a…

Dive into the crypto whirlwind as Shiba Inu experiences an astonishing 353% surge in 2.6 trillion SHIB transactions. Explore the crypto universe’s reaction to this spectacular surge. In a truly astonishing turn of events, the Shiba Inu (SHIB) ecosystem has witnessed an extraordinary surge in significant on-chain transactions that has left the cryptocurrency community in sheer disbelief. As reported by IntoTheBlock in their recent analysis, the most remarkable aspect of this phenomenon is an astounding 353% spike in sizable transactions exceeding $100,000, all of which unfolded within a single day since the weekend commenced. This remarkable upsurge in substantial SHIB…