[ad_1] Bankrupt crypto exchange FTX has filed a lawsuit against cross-chain protocol LayerZero Labs, seeking to recover $21 million in funds that were allegedly illegally withdrawn prior to FTX's shutdown in November 2022, according to court documents filed on September 9.The case traces back to transactions made from January to May 2022, between Alameda Ventures — the venture capital arm of Alameda Research, FTX's sister company — and LayerZero. According
[ad_1] Bitcoin (BTC) traded in a narrow range this week and is on target to form the third consecutive Doji candlestick pattern on the weekly chart. The cryptocurrency markets did not receive any support from the United States equities markets, which ended the week on a negative note. The S&P 500 Index dropped 1.3% while the Nasdaq closed down 1.9%. Bitcoin’s weakness has dragged several altcoins lower, with many testing multi-week
[ad_1] Coinbase CEO Brian Armstrong has shared his predictions for the role crypto will play in next years' elections in the United States, claiming that representatives in Washington, D.C. do not fully understand the crypto community's voting power in the upcoming race."I don’t think everybody in DC actually fully realizes how powerful the crypto voting community block is. And I think 2024 is an election where the voters of America
[ad_1] Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests.In one of its Quicktake posts on Sep. 7, on-chain analytics platform CryptoQuant revealed a major spike in loss-making unspent transaction outputs (UTXOs).CryptoQuant: Bitcoin UTXOs in Loss "mirror" March 2020Bitcoin may be worrying market participants with current BTC price weakness, but on-chain data paints an intriguing picture of activity “under the
[ad_1] While the debut of Worldcoin drew attention to artificial intelligence-powered tokens(AI-tokens), recent trading data from Kaiko indicates that these AI tokens have shown resilience despite the controversy surrounding Worldcoin's launch.According to recent Kaiko data, the trading volume of AI-related tokens remained stagnant during the past month. The examination revealed a moderate increase in the trading volume of AI tokens last month, reaching approximately $870 million, up from $570 million
[ad_1] Pepecoin (PEPE) price has crashed nearly 85% from its record high of $0.00000448 in May 2023. What's more, its bearish momentum is likely to continue in September. Back-to-back Pepecoin security breachesPepecoin has suffered two concerning security breaches in the last two weeks.First, on Aug. 24, Pepecoin's rogue founding team members transferred $16 million worth of PEPE tokens to exchanges to potentially sell them. That created concerns across the community about
[ad_1] The Terra Luna Classic is presently voting on multiple proposals, with concerns raised about an uptick in "spam" proposals following a decline in LUNA prices. A new proposal seeks to raise the minimum deposit requirement from 1 million LUNA to 5 million LUNA, with expectations of a potential price increase ahead of the upgrade.The proposal 11780, titled "Initiative to Address Spam Proposals by Raising Minimum Deposit to 5M LUNC,"
[ad_1] An increasing number of investment firms in the United States and Europe are appointing senior executives to lead digital asset investment strategies, based on the findings of a market intelligence firm.According to a recent Amberdata report titled 'Digital Assets: Managers' Data Infrastructure Fuel,' 24% of asset management firms have adopted a digital assets strategy, with an extra 13% planning to do so in the next two years.“These roles are
[ad_1] Vitalik Buterin, co-founder of Ethereum, had his X (formerly Twitter) account compromised, which, according to social media reports, resulted in victims losing over $691,000 through malicious links.In a Sept. 10 post on X, Dmitry Buterin, the father of Vitalik Buterin, announced that his son's account has been compromised:“Disregard this post, apparently Vitalik has been hacked. He is working on restoring access.”Blockchain investigator ZachXBT has been actively informing his 438,200 followers about
