What is Mirror Trading and How Does It Work in Crypto?

Aaron Rodriguez | May 4, 2023 | Leave a comment

Crypto traders face lots of risks and challenges when starting their crypto trading journey. This is primarily because crypto trading strategies are very risky, and the chances of traders suffering from loss are significantly high. To decrease the risk...

Voyager Sells $56M in Crypto

Daniel Sharkey | March 10, 2023 | Leave a comment

Voyager Digital Ltd., a crypto brokerage firm, had liquidated around fifty-six million dollars’ worth of Shiba Inu, ETH, and other ERC-20 tokens. This report came after the company faced technical issues with its trading platform that resulted in many...

Kraken Launches its Bank

Daniel Sharkey | March 6, 2023 | Leave a comment

Kraken, a cryptocurrency exchange, is planning to launch a bank in the United States despite the challenging regulatory environment faced by the industry. Kraken’s chief legal officer, Marco Santori, confirmed this during an interview on The Scoop podcast. The...

Tornado Cash: Risks and Consequences for DeFi Security

Daniel Sharkey | February 27, 2023 | Leave a comment

How Lendhub Network Malicious Actors Laundered $3.85M Filipinos Alerted About Cryptocurrency scams How Lendhub Network Malicious Actors Laundered $3.85M The persons thought to be behind the world’s biggest scam in early January 2023, valued at several million dollars, reportedly...

How Investors Can Navigate Increasing Regulatory Pressure

Daniel Sharkey | February 23, 2023 | Leave a comment

Last year has been a year of negative criticism and scandalous topics that has made the virtual asset industry attract attention from many federal agencies worldwide. Events include the collapse of major exchanges like FTX, the inside exchange scandals...

Will Crypto Ever Redeem Itself?

Daniel Sharkey | February 21, 2023 | Leave a comment

With professional and organizational investors focusing on and the growing numbers of enterprises getting ready to allow across-the-border payments, it would seem that virtual assets are accessible in the financial mainstream, although still in a state of unpredictability. Interestingly,...

The Impact of Cryptocurrency Companies on Disaster Relief: Helping Earthquake-Affected Regions

Daniel Sharkey | February 15, 2023 | Leave a comment

Cryptocurrency companies have been at the forefront of promoting areas that are disaster stricken through financial aid and many other forms. For instance, they may create a donation system where users can give cryptocurrency to a particular group or...

How SEC Could Profit from Ripple’s Reimbursement

Daniel Sharkey | February 11, 2023 | Leave a comment

Following news of Kraken’s reimbursement with the Securities and Exchange Commission, an XRP proponent has announced what Sec stands to achieve if it resolves with Ripple. In December 2020, the Securities and Exchange Commission indicted Ripple and two of...

SALT: Crypto Lender Makes a Comeback with Millions in Funding

Daniel Sharkey | February 9, 2023 | Leave a comment

The virtual digital asset lender held withdrawals in November and will recommence activities in Q1 this year, sustained by a Series A reinvestment. Unfortunately, the cryptocurrency winter and the collapse of FTX have tampered with the ranks of virtual...

The Crypto Market Maintains an Upside Stance – Market Outlook

James Dodson | January 11, 2023 | Leave a comment

According to the crypto news updates, Bitcoin, the leading global cryptocurrency, had an unpleasant year in the past as its prices crashed by more than 75% from its lead. Nonetheless, current information indicates an improvement in the Bitcoin price....

U.S Authorities Investigate Digital Currency Group Over Internal Transfers

James Dodson | January 7, 2023 | Leave a comment

Liquidity problems forced Genesis to halt all withdrawals related to parent firm DCP in December. That saw United States authorities launching investigations into the firm’s internal monetary dealings. United States authorities kick-started an investigation into Digital Currency Group’s internal...

Mask off: Truth behind FTX Billions

James Dodson | January 2, 2023 | Leave a comment

FTX co-founder Mr. Bankman Fried, through a tweet today, denied all allegations of moving funds from Alameda Research, claiming that he had no involvement in moving funds from these research wallets. Further, he stated that he had no affiliations...

What is a Flash Loan Attack and How to Avoid It?

Aaron Rodriguez | December 31, 2022 | Leave a comment

Introduction The permeation of DeFi has started to gain more traction with every passing second. TradeFi is plagued with issues on account of economic setbacks such as increasing interest rates, money supply, social restrictions, and approaching recession. Therefore, more...

Hope for FTX Users After the Seizure of $3.5 Billion

James Dodson | December 31, 2022 | Leave a comment

According to a press release, the Bahamas security commission reports that worth 3.5 billion dollars of user funds have been frozen. Following this news, FTX Chief Executive Officer Mr. Bankman Fried announced that the exchange is receiving attacks. However,...

BNB Chain Ends 2022 as Second Most Preferred Network for DeFi Projects

James Dodson | December 30, 2022 | Leave a comment

BNB Chain boasts the 2nd largest total value locked after ETH. 12% OF BNB Chain-house tokens are scam coins. The blockchain awaits a hardfork update in the coming year, planning to incorporate staking onto Beacon Chain. BNB Chain’s $4.05...

FTX Users File a Petition to Claim Frozen Assets

James Dodson | December 29, 2022 | Leave a comment

A collection of consumers are currently suing FTX to become the pioneers in recovering assets from the cryptocurrency exchange. The petition filed wants the courts to realize that the holdings with the exchange platform belong to the users and...

Crypto Giants Gather Steady Returns Amid Crypto Turmoil

James Dodson | December 24, 2022 | Leave a comment

Binance, an investment member of crypto trading, allegedly made a significant return on investment, elevating it to as high as 2,100 %. Total assets under investment accumulating to 7.5 billion dollars. Binance also assured its consumers a stable and...

Binance CEO Says Abnormal Altcoin Trading on the Platform was Just Market Behavior

James Dodson | December 12, 2022 | Leave a comment

The world’s largest crypto exchange, Binance, issued a notice yesterday acknowledging reports that some altcoins traded abnormally on the platform. The centralized exchange reported that investigations were underway and it would take appropriate actions against suspicious accounts. Binance CEO...

Congressman Calls for Investigation Into SEC Chairman’s Role in FTX Fall

James Dodson | December 8, 2022 | Leave a comment

A Democratic congressman, Ritchie Torres, called upon the Government Accountability Office(GAO) to independently investigate the Security and Exchange Commission’s failure to prevent the downfall of FTX. In a letter sent on Wednesday, Torres asks GAO to review the SEC’S...

Huobi Cannot Retrieve a Total Of $13.2 Million In Client Assets From FTX

Kavon Hyatt | November 18, 2022 | Leave a comment

Huobi has acknowledged that the FTX saga has had an impact on it as well. They informed the public that they could not get $18.1 million back from FTX. Of this sum, customers are responsible for $13.2 million, and...

Approval Has Been Granted in Singapore for Both Circle and Paxos

Kavon Hyatt | November 3, 2022 | Leave a comment

Circle and Paxos, two stablecoin issuers, have each been given license clearance in Singapore. In addition, the central bank of Singapore, known as the Monetary Authority of Singapore (MAS), gave its approval. Circle’s application for a license to operate...

White Hat Hacker Returns Over 50% Off Stolen Funds

Kavon Hyatt | October 31, 2022 | Leave a comment

A SlowMist report has revealed that over $7 million has been returned from an attack on the DeFi platform, Team Finance, in late October. The hacker who stole $14.5 million from Team Finance began returning the stolen assets to...

Scam Allegation: UK Dissolves Crypto Trading Firm

Kavon Hyatt | October 31, 2022 | Leave a comment

The digital currency industry has been hit by scams and ripoffs, the latest being PGI Global UK. The country’s High Court dissolved the digital currency firm after allegedly defrauding investors of $709,000. The company promised its investors that they...

Developers Of the Cosmos Ecosystem Uncovers a Dangerous Vulnerability

Kavon Hyatt | October 17, 2022 | Leave a comment

Ethan Buchman claims that the severe security weakness places all IBC-enabled blockchains in danger. As one of Cosmos’ co-founders, Ethan Buchman assisted in its founding. A Critical Weakness/Vulnerability Those working on the Cosmos blockchain project have discovered a significant...

Kyber Network Neutralizes Hack Attack, Indemnifies Victimized Wallets

Kavon Hyatt | September 7, 2022 | Leave a comment

Kyber Network, a decentralized bourse platform, suffered a hack from an unidentified source last week. The team at Kyber was able to eliminate the threat in two hours. The wallet that got hacked during the hit got reimbursed. Kyber...

Pakistan is Investigating Binance for a Mega Dollars Cryptocurrency Scam

George Wisneski | January 10, 2022 | Leave a comment

The Pakistani government has launched a corruption probe after receiving several complaints about a recurring scam that involves deceiving rich donors into transmitting resources from Binance funds to unknown external addresses. Pakistan’s National Accountability Service is said to have...

Crypto Option

Digital Coin Digest

Cryptocurrency Scams

What is Mirror Trading and How Does It Work in Crypto?

Voyager Sells $56M in Crypto

Kraken Launches its Bank

Tornado Cash: Risks and Consequences for DeFi Security

How Investors Can Navigate Increasing Regulatory Pressure

Will Crypto Ever Redeem Itself?

The Impact of Cryptocurrency Companies on Disaster Relief: Helping Earthquake-Affected Regions

How SEC Could Profit from Ripple’s Reimbursement

SALT: Crypto Lender Makes a Comeback with Millions in Funding

The Crypto Market Maintains an Upside Stance – Market Outlook

U.S Authorities Investigate Digital Currency Group Over Internal Transfers

Mask off: Truth behind FTX Billions

What is a Flash Loan Attack and How to Avoid It?

Hope for FTX Users After the Seizure of $3.5 Billion

BNB Chain Ends 2022 as Second Most Preferred Network for DeFi Projects

FTX Users File a Petition to Claim Frozen Assets

Crypto Giants Gather Steady Returns Amid Crypto Turmoil

Binance CEO Says Abnormal Altcoin Trading on the Platform was Just Market Behavior

Congressman Calls for Investigation Into SEC Chairman’s Role in FTX Fall

Huobi Cannot Retrieve a Total Of $13.2 Million In Client Assets From FTX

Approval Has Been Granted in Singapore for Both Circle and Paxos

White Hat Hacker Returns Over 50% Off Stolen Funds

Scam Allegation: UK Dissolves Crypto Trading Firm

Developers Of the Cosmos Ecosystem Uncovers a Dangerous Vulnerability

Kyber Network Neutralizes Hack Attack, Indemnifies Victimized Wallets

Pakistan is Investigating Binance for a Mega Dollars Cryptocurrency Scam

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