Press Releases News TheBitTimes.com

Justin Sun’s cryptocurrency exchange HTX has been hacked twice since rebranding from Huobi in September 2023, raising questions from the crypto community. Tron founder Justin Sun's crypto businesses have come under repeated attack from hackers over the past two months , with at least four hacks of the largest exploits targeting platforms related to the crypto entrepreneur. Sun’s HTX crypto exchange has been hacked at least twice since the platform rebranded from Huobi on Sept. 13, 2023. The first HTX hack occurred just a few days after the rebranding, with an unknown attacker stealing nearly $8 million in crypto on Sept. 24, 2023. In its second hack, HTX reportedly lost $13.6 million due to a hot wallet breach in an incident that affected the wider HTX, Tron and BitTorrent ecosystem. Previously known as Huobi, HTX was acquired by Sun in October 2022. The hackers have also focused on other Sun-related cryptocurrency platforms, including Sun-owned cryptocurrency exchange Pol...

In the dynamic realm of crypto currencies, Shiba Inu [SHIB] has once again become a focal point for enthusiasts. The recent substantial token burn initiated by the Shiba community has generated interest and discussions, drawing attention despite a marginal decline in prices observed within the past twenty-four hours. Shiba Inu’s Price Trends Despite encountering a 2.44% downturn in the last twenty-four hours, settling at $0.000008391, SHIB maintains a significant presence in the crypto currency market. The global market cap also experienced a slight reduction of 2.44%, as indicated by market charts. Particularly noteworthy is the 36.38% surge in the twenty-four-hour trading volume, reaching $145.86 million. Also Read: Shiba Inu: Here’s How To Make $20 Million When SHIB Hits $0.01 Token Burn and Market Speculation The SHIB community’s strategic decision to burn substantial quantities of tokens, even amidst a temporary price decrease, has sparked curiosity. Token ...

Bullish, the cryptocurrency exchange funded by Block One, has reportedly purchased CoinDesk in an all-cash deal with undisclosed terms. This comes after a previously reported deal with Matthew Roszak and Peter Vessenes appears to have fallen apart. CoinDesk ’s current parent company, Digital Currency Group, has been facing a series of problems, including civil lawsuits that allege fraud.  What is Bullish? Bullish is a cryptocurrency exchange founded in 2021 with an investment from Block One. Block One was the firm that conducted a purported $4 billion dollar ICO for the EOS token. Block One ended up paying a $24 million fine to the Securities and Exchange Commission for selling unregistered securities. Bullish initially intended to go public using a Special Purpose Acquisition Corporation (SPAC) at a valuation of $9 billion, which included approximately $6 billion in assets that it received from Block One. This was eventually called off following a failed settlement b...

Swan Bitcoin is warning users to not withdraw directly to Wasabi or Samourai wallets, two of the most popular bitcoin mixing services. For at least the third time, Swan customers are having problems with banking access. Specifically, Swan Bitcoin co-founder Yan Pritzker recently admitted that “some of the banks and qualified custodians that Swan works with have been freezing or terminating accounts.” An email from Swan claims that these suspensions affect customers who deposit or withdraw bitcoin with a bitcoin mixing service. We're negotiating with the banks, working on a lawsuit alongside MANY friends vs. FinCEN if needed, and in the meantime just don't withdraw straight to Wasabi or Samourai unless you want a bank to *maybe* ask one of our settlement partners to freeze your account. See you on the… — Cory Klippsten | Swan.com #Bitcoin (@coryklippsten) November 13, 2023 Banks are asking settlement partners to freeze some Swan Bitcoin customers’ accounts. Pritzker’...

Icelandic authorities are preparing to shield a geothermal plant relied upon by crypto miners amid fears that recent earthquakes in the region could soon be followed by a volcanic eruption. Quakes in the southwestern region of Reykjanes began on October 26 and continued to escalate during November. Despite the tremors subsiding, the town of Grindavik has been evacuated with scientists claiming that an eruption from the Fagradalsfjall volcano is imminent. The volcano is located three kilometers from the Svartsengi geothermal plant which, as reported by Reuters, is currently being fortified with defensive walls designed to protect it from potential lava flows. According to Iceland’s justice minister, enough resources to fill 20,000 trucks are being moved to the plant to help create the defensive barrier. Iceland is bracing for a volcanic eruption in the coming days after a series of earthquakes and evidence of hot magma flowing quickly underground. Authorities have evacuate...

The market cap of AI-inspired altcoin $GROK fell sharply on Nov. 13 after well-known blockchain investigator ZachXBT tied its creator to previous possible scams. Supporters of a Grok token, $GROK, banded together in the wake of aspersions surrounding the project and its developer, who has supposedly created other crypto currencies in the past.  According to on-chain sleuth ZachXBT, the project’s X account was previously used to promote crypto tokens that may or may not have been scam efforts. The independent investigator pointed to the account’s ID as evidence for their assertion.  Update: Their dev just burned $90M GROK ( ~$1M) 0xa0c6d2bf73a6ec65048e6337d8a09bf42df136c68e94170da268804f70b3bd36 pic.twitter.com/kbj9oxTbF1 — ZachXBT (@zachxbt) November 13, 2023 $GROK’s market cap, which had climbed above $120 million before the post, declined significantly in the aftermath along with its price. You might also like: Elon Musk-styled GROK token buoys over $120m m...

The hackers say they have nabbed the data of about 300,000 users of Coin Cloud residing in the United States and Brazil. An anonymous group of hackers claim s to have stolen personal information for about 300,000 customers of the Bitcoin (BTC) ATM company called Coin Cloud, the pseudonymous cybersecurity account Vx-underground posted on X (formerly Twitter). An unknown Threat Actor(s) claim to have compromised Coin Cloud. They allege to have exfiltrated 70,000 customer selfies (via ATM cameras), and 300,000 customers PII which includes Social Security Number, Date of Birth, First Name, Last Name, e-mail address, Telephone Number,… pic.twitter.com/TJ7RUK18Yq — vx-underground (@vxunderground) November 12, 2023 Apart from personal information, the hacker group also claim s to have gotten a hold of 70,000 customer selfie verification data. According to Vx-underground, the hackers claim to have obtained details such as occupations, physical addresses, social security numbers and ...

Shiba Inu (SHIB) investors have recently found cause for celebration as the meme coin experiences an upswing. Breaking free from its previous stagnation, SHIB is indicating signs of a rally, aligning with the overall market trends. Remarkably, reflecting on the crypto currency’s historical lows, investors could have accumulated $18 million with a modest investment of only $50. The mechanism behind this achievement lies in the practice of dollar-cost averaging (DCA). This article will further delve into the same. DCA entails the consistent investment of a fixed amount. This is regardless of the current price of the asset, with the objective of mitigating the impact of market volatility. This approach is particularly favored by long-term investors who seek to steadily build wealth over an extended period. The strength of DCA lies in its capacity to smooth out the effects of market fluctuations, enabling investors to benefit from both market highs and lows. Also Read: Shiba Inu...

Gary Gensler alluded that crypto currency operators tapping legal consultants could be doing so due to their supposedly unlawful securities offerings. Gensler, Chairman of the U.S. Securities and Commission (SEC), reiterated skepticism regarding crypto service providers and their lack of compliance with existing financial laws overseeing the world’s largest capital market. Furthermore, the SEC head drew parallels between attorneys reaching agreements with crypto entities and the business model employed by digital asset operators, arguing that the economic reality highlights how the “vast majority of crypto assets likely meet the investment contract test”, and are therefore securities.  Stuart Aldertory, Ripple’s chief legal officer, said Gensler’s comments are factually incorrect and that his underlying suggestion regarding crypto projects retaining legal advisors could be viewed as opposing rights enshrined in the U.S. Constitution.  “It’s a not-so-subtle and outrageous thre...

Nvidia has been one of the biggest beneficiaries of the AI boom. The financial numbers released a day ago are a testament to the same. The company registered Q2 revenue of $13.51 billion. This was higher than estimates of $11.19 billion. The company’s EPS stood at $2.70, yet again beating estimates of $2.08. Furthermore, Nvidia expected its Q3 revenue to be around $16 billion, compared to estimates of $12.59 billion. During the trading hours on Wednesday, August 23, NVDA shares rose 3.17%. During the pre-market hours on Thursday, August 24, the price was up 8.13%, and NVDA was seen exchanging hands at $509.45. Several investment banking companies, including Rosenblatt, BofA , JPMorgan , Morgan Stanley , and Deutsche Bank, have raised their NVDA price target range to $560-$1100. $NVDA: Stifel Upgrades to Buy from Hold – PT $600 (from $440)$NVDA: Rosenblatt raises price target to $1,100 from $800 $NVDA: Baird raises price target to $750 from $570 $NVDA: KeyBanc raises p...

The launch of a crypto token bearing the likeness of Canadian social media influencer and rapper Lil Tay has been delayed after erroneous reports of her death appeared on her official Instagram account. Lil Tay’s former manager Harry Tsang stated via Social Media that he has been working on the token for months but that “we will not be launching anything soon.” Tsang also denied that he had any connection to the fake message posted on Tay’s Instagram, instead blaming her brother who allegedly had access to her account. Tsang had also made statements to the press saying he could not confirm or deny her passing . Sharing this to let everybody know that we will not be launching anything soon. We’ve been in development for 4-5 months now. If anybody is reaching out to you for money saying they’re involved with $liltay it’s not true. If you see another token/coin with liltay it’s a scam. — Liltay Token (@LiltayToken) August 10, 2023 Read more: BALD token can’t shed rumors of S...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. There is a growing fintech and web3 industry, yet people often struggle to find legal professionals for a wide variety of legal jobs in this space. Typical inquiries may include how to issue tokens, launch a DAO, or manage a crypto fund. The case that ended up on my desk turned out to be much more commonplace, namely, a dispute involving a customer and a crypto exchange that refused to release crypto currency, citing compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) regulations. However, this case was significant because it underscored the competency gap among ‘ crypto ’ lawyers who had tried to resolve it before I did. One day, a friend of mine brought the issue to me. I wasn’t practicing law at that time, being preoccupied with academic research on blockchain, but my curiosity was...

Following the surge prompted by institutional interest in crypto currencies, Bitcoin [BTC] has been exhibiting limited movement within a tight trading range of $28,000-$31,000. This consolidation could be attributed to various factors. The primary reason is the growing interest in altcoins. Ripple’s partial legal victory sparked heightened interest in altcoins, causing BTC to take a backseat in the market. Consequently, this has led to a notable decrease in the volatility of the leading crypto . According to data from 99Bitcoins, the 30-day estimate for Bitcoin has dropped to only 0.74%. This is the lowest realized reading for Bitcoin since Jan. 16, when it was at 71%. Source Furthermore, Greeks Live, the crypto derivatives analytics firm, has noted that the volatility index for both BTC and Ether has hit a multi-year low of 37%. The DVOL [Deribit Implied Volatility Index] algorithm has also observed that the current implied volatility level is at the lowest in the history o...

In recent months, the cryptocurrency world has seen a multitude of new assets entering the scene. Today, Worldcoin’s WLD token joined the ranks of these assets. Notably, this project is backed by Sam Altman, the CEO of ChatGPT. Shortly after its launch, WLD experienced an impressive surge of 69%. According to the latest data, WLD started from a low of $1.66 and surged significantly to reach a high of $3.30. However, at press time, the asset experienced a minor correction and was being traded at $2.83. The 24-hour trading volume for WLD amounted to $186,948,763. Source The substantial increase in value was likely prompted by the Worldcoin project’s expansive listing announcement. The listing was supported by exchanges like Huobi, Bybit, and OKX. 🚨 #Huobi new listings alert! Huobi will list @ Worldcoin & open trading for the $WLD | USDT trading pair. 🔹Deposits Opened 🔹Trading Now Live Trade here — Huobi (@HuobiGlobal) July 24, 2...

Elon Musk, a known advocate of crypto currencies, has previously expressed his intention to incorporate crypto payments into Twitter, and recent developments suggest that this vision is inching closer to reality.  Twitter recently obtained three official licenses to operate as a Money Transmitter in three US states, indicating a significant step towards integrating payment Features within its app. You might also like: KuCoin to implement KYC in July, TOADS prices expected to surge If crypto payments are added on Twitter, Musk’s favorite meme coins, Dogecoin and  DigiToads , might be the first two payment options on the app. Therefore, expecting a price rally of these assets is pretty logical. So, are these two the top crypto coins to invest in now? Dogecoin: the meme coin king Dogecoin, a cryptocurrency that started as a meme, has become a significant player in the crypto market. Musk’s tweets and public endorsements have significantly influenced its value and po...