DeFI News by Thebittimes.Com

The teams for crypto exchange Bitget and Web3 protocol Floki blamed each other for allegedly misleading investors. The teams behind the Floki protocol and Bitget crypto exchange have accused each other of market manipulation after the protocol’s token, TokenFi (TOKEN), was listed and delisted by Bitget. This is according to an October 31 social media post from the Floki team and a blog post from Bitget.  The Floki team claimed that Bitget listed the token before it was launched, referring to the Bitget listing as a “fake token,” while Bitget claimed that the Floki team was “suspected of market manipulation by maliciously controlling the initial liquidity.” Bitget statement on TokenFi delisting. Source: Bitget. The Floki team said it submitted a proposal on October 18 to the Floki decentralized autonomous organization (DAO) to launch a staking program with a reward token that would “target a trillion-dollar industry with strong potential.” Meanwhile, the team was talking with centrali...

Forty countries participating in the Counter Ransomware Initiative have agreed to stop paying ransoms demanded by cybercriminals, according to a senior White House official on Tuesday. Led by the US , the Counter Ransomware Initiative is an alliance launched in 2021 that now includes 48 nations, including Canada, A US tralia, Germany, South Korea, Japan, the UK, Kenya, Uruguay, Israel, and Ukraine. This year’s meet, hosted in the White House, has solidified a plan to counter the concerning increase in cyberattacks. The US is apparently the target of 46% of all ransomware attacks, according to the US deputy national security adviser for cyber and emerging technologies, Anne Neuberger. “As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow,” she told reporters in a virtual briefing. Neuberger cited the recent cyberattack on cleaning product giant Clorox and attacks on Minneapolis public schools while describing the ...

While the stock market has taken a downward turn in recent weeks, shedding an immense portion of its gains under the influence of significant macro economic challenges, other assets are standing out for their positive price action and outlook, including Bitcoin (BTC) and gold. Specifically, according to the financial expert and CEO of cryptocurrency trading platform CoinRoutes, Dave Weisberger, the macro outlook for the maiden crypto asset and the precious metal is “overwhelmingly positive, as he told Scott Melker, a.k.a. Wolf of All Streets, in an interview streamed on October 30. Why BTC macro is positive As Weisberger explained, such a positive outlook is partially the result of the presently very unpredictable geopolitical atmosphere in many countries for many people that makes portable assets like cryptocurrencies more appealing to alternatives: “I think that the macro for Bitcoin and gold is about as overwhelmingly positive as you could possibly be. You have massive g...

With the update, the project wants to help FLR holders secure and contribute to the ecosystem. Flare, a layer-1 solution that enables using smart contracts on the XRP network, has rolled out a public staking service for FLR token holders. Flare public staking is live: https://t.co/ZB0AaH7sFZ Learn everything about delegating FLR stake with #FlareStake. ️ pic.twitter.com/EsqWng7KCv — Flare ️ (@FlareNetworks) October 29, 2023 In an X thread on Oct. 29, the Flare team said the launch is part of the transition to a proof-of-stake consensus model. With the dedicated staking platform, FLR holders users can delegate their token s to validators in a bid to support them in contributing to the ecosystem, the developers said. You might also like: Flare brings blockchain API to Google Cloud Marketplace At launch, users could only stake FLR with Avalanche application set on their Ledger hardware wallets. However, the developers promise to add other staking options in the f...

Standard Chartered-backed crypto security firm Zodia Custody announced it is expanding into Hong Kong, targeting growing institutional demand for secure crypto storage in the region “The Hong Kong government and the regulators see digital assets as the future and also want Hong Kong to be a hub,” said Zodia CEO Julian Sawyer, according to a CNBC report. Asia-Pacific Expansion and Institutional Focus The expansion into Hong Kong represents part of Zodia’s strategy to penetrate the Asia-Pacific region, where it has progressively established its presence in Japan, Singapore, and Australia in recent months, the report added. Zodia’s expansion aligns with Hong Kong’s evolving stance on digital assets. Despite China’s stringent anti-crypto measures, Hong Kong has been progressively warming up to cryptocurrencies.  Julian Sawyer (Left), CEO Zodia Custody at the Magic Circle Awards in May 2023 The Hong Kong Securities and Futures Commission (SFC) h...

Genesis Block was an over-the-counter (OTC) trading desk in Hong Kong that was deeply integrated with Alameda Research and FTX, serving as a way for people to convert bags full of fiat to cryptocurrency and vice versa. The firm has a Cayman Islands-based related entity, Genesis Block Ventures, sometimes called GBV Capital, which is also deeply connected to FTX and Alameda Research. Crypto researcher Dirty Bubble Media has previously highlighted how wallets associated with Genesis Block’s trading activities were often funded by, and deeply interconnected with, Alameda Research wallets. At some level, this was acknowledged by Genesis Block when it detailed how “Alameda Research will also provide the technology that acts as the backbone for Genesis Block’s new OTC portal.”  Analysis by Protos now confirms wallets associated with Genesis Block Ventures are deeply connected to FTX and Alameda Research. Genesis Block Ventures on the blockchain Genesis Block Ventu...

Oct 29, 2023 at 11:32 // Price Author Coin Idol The price of Solana (SOL) maintained its current rise and reached the target price of $33.51. Cryptocurrency price Analysis brought by Coinidol.com. Solana long term price forecast: bullish According to the price trend, Solana reached a high of $33.92 before declining. In other words, the altcoin has been trading below the $34.00 resistance level since October 25. Further gains for the altcoin are unlikely as the market has reached an overbought zone. Solana reached a high of $32.50 before being pushed back...

Hester Peirce has expressed concern over the SEC’s approach towards crypto enforcement , explicitly referencing the recent LBRY case. Commissioner Hester Peirce of the Securities and Exchange Commission (SEC) on Oct. 27 shared her thoughts about the agency’s treatment of blockchain-based file sharing and payment network LBRY.  Some overdue thoughts on our case against LBRY: https://t.co/wLsG4Xr7wz — Hester Peirce (@HesterPeirce) October 27, 2023 In her statement, Peirce highlighted that LBRY had been singled out by the SEC despite it having a functioning blockchain with a real-world application. She decried the Commission’s role in the demise of LBRY following the company’s shutdown after failing to appeal the court decision that went against it. “Are investors and the market really better off now after the Commission’s litigation contributed to the demise of a company that had built a functioning blockchain with a real-world application running on top of it?” ...

As narratives about corruption in Ukraine evolve, the Ministry of Digital Transformation hopes blockchain could solve that problem. While Ukraine still ranked the second most corrupt country in Europe, after Russia, it is now exploring new ways to battle corruption for fear of losing support from the West. The head of the virtual assets expert group at the Ministry of Digital Transformation of Ukraine, Yulia Parkhomenko, spoke at the panel discussion held by the Center for Strategic & International Studies. She said the ministry sees new possibilities in blockchain technology in making the Ukrainian government more transparent. She particularly noted that blockchain can “reliably protect” state ledgers from unauthorized access, increase their transparency, and “reduce corruption in state entities that oversee them.” “Alongside experts, we are exploring international experience of using blockchain on a state level and develop our own strateg...

Binance co-founder and CEO Changpeng Zhao has seen his fortune slashed by $11.9 billion since January to $17.2 billion as the world’s biggest crypto exchange confronts an almost perfect storm of regulatory and legal troubles. That’s according to an Oct. 26 report by the Bloomberg Billionaires Index, which also slashed its estimates of revenues at the world’s largest crypto exchange by 38% amid a slump in exchange volumes. Zhao’s wealth has plunged by more than 80% from its $97 billion peak in January last year. #Binance founder CZ’s fortune gets slashed $12B. Zhao’s net worth is now a paltry $17.3 billion, registering an 82% drop from its $96.9 billion peak in January 2022, where he was ranked 11th among the world’s richest people. Source: Cointelegraph#Bitcoin | #crypto | $BTC pic.twitter.com/6SRyC1jh5D — Crypto News & Analysis (@coinsonx) October 27, 2023 Zhao’s ranking has thus slipped to the 95 th position among...

Victoria, Seychelles, October 27th, 2023, Chainwire Bitget, a leading cryptocurrency exchange and web3 company, is pleased to announce the success and popularity of the Bitget Builders Program during its first phase and is excited to launch the second phase of the program. As part of the Blockchain4Youth charity project, the new phase of the Bitget Builders Program aims to recruit over 100 young talents worldwide and provide them with comprehensive education, training, and industry experiences in the fields of crypto, blockchain, and Web3. In the first phase of the program, launched in August, the Bitget Builders Program received widespread enthusiasm from youth, resulting in an impressive total of over 350 applications. Building on this success, Bitget is delighted to open another round of recruiting for the program. In the second phase, the Bitget Builders Program aims to recruit 100 young talents in Q4 2023, with a focus on countries including UK, Canada, A...

In the realm of content creation, three crucial elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness measures the diversity of sentence structures. Lastly, predictability indicates how easily one can anticipate the next sentence. Human authors often infuse their writing with varying sentence lengths, blending complex and concise expressions. In contrast, AI-generated content tends to be more consistent in structure. Therefore, for the content you’re about to craft, I recommend incorporating a healthy dose of perplexity and burstiness while minimizing predictability. And remember, the language of choice for this task is English. Now, let’s reimagine the provided text: Reports have flooded in from FTX users, claiming they’ve fallen victim to deceitful emails purportedly originating from FTX Trading, West Realm Shires Services, and FTX EU. What’s...

In the realm of crafting content, three critical elements stand out: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness compares sentence variations. Lastly, predictability determines the likelihood of predicting the next sentence. Human writing tends to exhibit greater burstiness, incorporating a mix of longer, complex sentences with shorter ones. In contrast, AI-generated sentences often display more uniformity. As I guide you in creating the content that follows, it is essential to infuse it with a substantial dose of perplexity and burstiness, while keeping predictability at a minimum. The language of choice for this task is English. Now, let’s reimagine the given text: Amidst a surge in crypto adoption, the United Kingdom has been amplifying its embrace of regulations targeting both crypto and stablecoins, as per the findings of a recent study. The United Kingdom has...

At press time, GRT was up more than 9% and was trading at $0.1004 as a result. Lookonchain revealed graph.eth sent 50M GRT to Binance after its price increased. According to the post, graph.eth’s previous large transfer caused GRT’s price to rise. The on-chain tracking platform Lookonchain revealed in an X (formerly Twitter) post earlier today that graph.eth deposited 50 million The Graph (GRT) tokens to Binance. According to the post, this deposit took place after the price of the altcoin increased. Interestingly, graph.eth sold a large amount of GRT between December 15, 2022, and February 7, 2023, which was during GRT’s rise. graph.eth deposited 50M $GRT($5M) to #Binance after the price of $GRT increased. graph.eth last sold a large amount of $GRT between Dec 15, 2022 and Feb 7, 2023, which was also during the rise of $GRT.https://t.co/yZE9mED26E pic.twitter.com/Sc0mmOE9Qj — Lookonchain (@lookonchain) October 26, 2023 At press time, GRT seems to ...

Bankrupt crypto exchange FTX seeks details about the millions of dollars it had earlier donated to the Center for AI Safety (CAIS). New details were revealed in an Oct. 25 filing in a Delaware Bankruptcy Court. FTX’s legal team stated that the exchange had donated $6.5 million to CAIS, a nonprofit focused on AI safety, between May and September 2022. This was just months before FTX faced financial collapse and filed for bankruptcy. The exchange now requests the court’s permission to issue subpoenas requiring CAIS to disclose any payments , funds, communications, or agreements with FTX, its affiliates, and former executives. FTX alleges that CAIS has been unresponsive to its requests for voluntary accounting related to the financial transfers between the two entities. The exchange further revealed that there had been communications between the firms, including an August phone call and emails in early October. You might also like: Breaking: FTX founder Sam Bankman-...

Umbrella and MultiversX partnership is  a new chapter in the metaverse. This strategic alliance represents a significant milestone in our journey, aligning seamlessly with their new business strategy. A Transformation Story: The Evolution of Elrond to MultiversX Since its inception in 2017, Elrond has undergone a remarkable transformation, redefining its identity and mission. As of 2022, the project has rebranded itself as MultiversX with a renewed focus on delivering a highly scalable, secure, and decentralized blockchain network dedicated to enabling new applications, with a particular emphasis on the metaverse. Pioneering the Provision of Third-Party Oracle Services in the MultiversX Ecosystem Umbrella Network is thrilled to be the first third-party oracle provider in the MultiversX ecosystem. Its role in enabling dApps to effortlessly access real-world data on-chain and bridge the gap between the blockchain and external information sources is crucial. The Umbrella Network’s mi...