A mempool developer suggested that the user behind the transfer might not be aware of the non-cancellation of replacement fees policy, resulting in an accidental $3.1 million transaction fee.
- News
Bitcoin user pays $3.1M transaction fee for 139 BTC transfer - News
Binance, CZ settlement with US DOJ ‘bullish for Bitcoin ETF,’ crypto community says Community members compared the Binance settlement with the U.S. Department of Justice to the deal with BitMEX crypto exchange, as its CEO was also forced to step down.
- Breaking news
Bankrupt crypto lender Genesis sues Gemini to recover $689M of ‘preferential transfers’ Genesis claims Gemini made preferential transfers of about $689 million from Genesis and wants the court to “correct this unfairness.”
- News
dYdX founder blames v3 central components for ‘targeted attack,’ involves FBI DYdX founder Antonio Juliano said it is working to find the original culprit behind the exploit and would rather pay community members who help in the investigation than the exploiter.
- News
Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report CoinDesk was owned by the Digital Currency Group, which acquired the media company in 2016 for $500,000. Its new owner is headed by former New York Stock Exchange president Tom Farley.
- News
Crypto community begins Bitcoin halving countdown as milestone date nears The CEO of Binance and BTC analysts are among those who have started to draw attention to the halving event as the crypto community looks to the bullish event with hope after a cruel crypto winter.
- Newsletter
Sushi to test Bitcoin swaps and Opyn DeFi protocol founders cave to CFTC pressure: Finance Redefined Sushi is set to test Bitcoin swaps on 30 different blockchains using the interpretability protocol ZetaChain.
- News
BlackRock files S-1 form for spot Ether ETF with SEC BlackRock filed a Form S-1 with the U.S. SEC a week after registering its iShares Ethereum Trust with Delaware’s Division of Corporations.
- News
Philippines to sell $179M in tokenized treasury bonds for the first time Real-world asset tokenization as a concept has existed for some time. However, in 2023, with the growing interest of institutions, various governments have started experimenting with the idea.
- News
Swan Bitcoin to terminate customer accounts that use crypto-mixing services Swan co-founder Yan Pritzker said the firm is pro-privacy and doesn’t oppose customers’ use of such services, but to work, it has to follow FinCEN regulations.
- News
Chinese hackers use fake Skype app to target crypto users in new phishing scam Crypto security firm SlowMist has discovered several wallet addresses linked to a phishing scam that drained hundreds of thousands of dollars from unsuspecting crypto users.
- Newsletter
Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined The Mango Markets exploiter’s trial was first scheduled for December 2023; however, during one of the court hearings, the accused convinced the judge to delay the trials for a few months.
- News
BlackRock ETH ETF helps price past $2K; community sees BTC ETF as ‘done deal’ BlackRock has previously also filed for a Bitcoin ETF, for which the SEC approval window is currently open until Nov. 17.
- News
Bitcoin ETF launch could be delayed more than a month after SEC approval A total of 12 asset managers have filed for a spot Bitcoin ETF with the U.S. SEC, with the first window for approval from the SEC opening on Nov. 8.
- News
EU banking watchdog proposes liquidity rules for stablecoin issuers The proposed guidelines are currently in the public consultation phase for the next three months and, if approved, will come into effect starting in June 2024.
- News
Swiss crypto bank SEBA gets Hong Kong SFC license SEBA Bank began its quest for Hong Kong expansion in late 2022, setting up an office in November, with the firm obtaining an in-principle approval to offer virtual asset trading services by August 2023.
- Interview
Dubai's regulator VARA shows how authorities, market can work in tandem — vice chair Deepa Raja Carbon told Cointelegraph that VARA took a collaborative approach by consulting stakeholders, legislators and the general public to develop its virtual asset regulatory guidelines.
- News
Yuga Labs addresses ApeFest ‘vision damage’ issue, community calls out poor management The Bored Ape community was not very impressed by the Yuga Labs’ reaction to the mishap, calling out its lack of basic health management at the event.
- News
FTX seeks sale of Grayscale and Bitwise assets worth $744M The $744 million trust asset sale request comes after the judge approved the phased-out sale of nearly $3.4 billion in crypto assets in September.
- Newsletter
Multichain inside job? And SOL surges 80% in a month: Finance Redefined The exploited Multichain bridge briefly opened on Nov. 1, and a trader managed to use this opportunity to buy debugged assets at a discount, allowing them to make more than $1.5 million in profits.
- News
FTX claims climb to 57% as Sam Bankman-Fried found guilty on all counts The recent surge in FTX claims is attributed to its early investment in AI companies, which have jumped in valuation.
- News
Jack Dorsey’s Block had $5.62B in revenue, $44M in Bitcoin profits in Q3 Block didn’t incur any impairment loss on its Bitcoin holdings, and Bitcoin revenue contributed as much as 43% of its total revenue.
- News
3 Satoshi-era Bitcoin wallets transfer $230M in BTC after 6-year dormancy During 2023, several Satoshi-era Bitcoin wallets have risen from dormancy to transfer their BTC to a new address.
- News
SafeMoon hacker’s use of centralized exchanges could help law enforcement — Match Systems SafeMoon was exploited in March after a smart contract update led to a burn call vulnerability allowing hackers to transfer funds.
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Trader exploits Multichain opening to turn $280K to $1.9M; community suspects insider job The momentary opening of the frozen bridge raised suspicion of it being an insider job, as the trader in question was the only beneficiary.
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Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance Lightbound disclosed he owns Bitcoin himself and advocates for people to study it.
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FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight A court-ordered liquidation process allows FTX to sell nearly $3.4 billion worth of crypto assets in weekly batches starting from $50 million a week.
- News
Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction Bankman-Fried’s attorneys have made several requests in the past few months, ranging from early bail to vegan food and prescription drugs.
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Rising M2 money supply will see crypto become ‘supermassive black hole’ — Raoul Pal Historically, the cryptocurrency market has benefited from the rise in global money supply, as the majority of bull runs in the past coincided with the rise in fiat supply.
- News
CME becomes second-largest Bitcoin futures exchange as open interest surges The surge in CME Bitcoin futures open interest has helped the regulated derivatives platform attain a 25% market share in Bitcoin futures.