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news-imageSeptember 28, 2024

FTX creditors only getting ‘10-25% of their crypto back' — Creditor

Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value.
Publisher: Cointelegraph
Sentiment: Negative
General

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Neutral
cover-imageCoinPedia
September 29, 2024

Chinese Ex-finance Minister Suggests China To Examine Crypto Advancements Amidst US Policy Shift

The former Chinese finance minister, Lou Jiwei has encouraged China to closely examine the advancements in cryptocurrency, during a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing. The ex-government official highlighted the potential risks crypto poses to financial stability, including volatility and money laundering.

general-iconGeneral
Negative
cover-imageBitcoin
September 29, 2024

CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans

The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises of trading in commodity futures.

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Positive
cover-imageCoinPedia
September 29, 2024

Top 3 Meme Coins to Turn $100K to $1M in October Bull Run!

The meme coins are making a comeback as the recovery rally in Bitcoin crosses the $66K mark momentarily. Further, the anticipations for a bounce back to $70K in Bitcoin next week boost the FOMO rally in meme coins.

general-iconGeneral
Negative
cover-imageCryptopolitan
September 29, 2024

The absurdity of crypto's presence in America's political circus

Crypto crashed into the American political scene like a bad reality show no one asked for. And now, November 5 is about to be America's first “crypto election,” with hundreds of millions of dollars pouring into political campaigns.

general-iconGeneral
Positive
cover-imageBitcoin
September 29, 2024

Enter Into The Beacon's Roguelike Dungeons and Earn NFTs

After a laid-back farming session in Pixels last week, Regina cranks up the intensity with The Beacon, a dungeon-crawling NFT game Last week's quick recap From last week's gameplay, we played Pixels, a Web3 game set in a captivating world with vibrant pixelated characters and lush farms.

general-iconGeneral
Negative
cover-imageBitcoin
September 29, 2024

Why Stablecoins Fail: Lessons From the Past

Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears.

general-iconGeneral
Positive
cover-imageBitcoin
September 29, 2024

Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid Sanctions

A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia's central bank and the Ministry of Finance, this initiative targets firms handling dual-use products and facing challenges with international payments, particularly with China.

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Neutral
cover-imageCoingape
September 29, 2024

Crypto Market Braces For US Job Data Amid ‘Uptober' Rally Anticipation

The crypto market enters a crucial week, with anticipation soaring over the upcoming US Job data. This data, especially after the softer US PCE inflation figures last week, would aid investors in assessing the market trends for the fourth quarter.

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Neutral
cover-imageBitcoinist
September 29, 2024

Crypto And Stocks Moving Together? Coinbase Research Unveils High Correlation

According to the latest research by Coinbase, the relationship between cryptocurrencies and stock markets has become remarkable. This interplay is about 50% as of September 2024, mostly due to global monetary easing initiatives carried out by major countries such the United States and China.

general-iconGeneral
Negative
cover-imageCryptopolitan
September 28, 2024

$32 million phishing scam drains wallet linked to high-profile crypto whale

A prominent crypto whale has lost more than $32 million worth of tokens after signing a malicious transaction, according to blockchain security service ScamSniffer. The breach targeted the victim's wallet through Spark's decentralized finance (DeFi) platform and resulted in the theft of 12.083 wrapped ether (spWETH) tokens.

general-iconGeneral
Negative
cover-imageThe Currency Analytics
September 28, 2024

Important Binance Update for Turkish Users: Key Details Inside

Binance, the largest cryptocurrency exchange in the world, revealed it will stop offering support for the Turkish language on its platform. This decision is driven by new legal requirements imposed by local authorities in Turkey, highlighting the challenges that cryptocurrency exchanges face when navigating various regulatory environments.

general-iconGeneral
Positive
cover-imageCoingape
September 28, 2024

FTX Repayments Begin Next Week: $16 Billion to Fuel Crypto Surge

The upcoming week could mark an important juncture for the cryptocurrency market, as the bankrupt derivatives exchange FTX repayments process begins – probably one of the most highly anticipated repayment processes. But, with nearly $16 billion set to be returned to crypto traders, analysts think buying pressure for Bitcoin, and especially altcoins is set to

general-iconGeneral
Negative
cover-imageCoingape
September 28, 2024

Crypto Whale Loses $32M to Inferno Drainer Scam

According to blockchain security firm ScamSniffer in a post on X, a crypto whale reportedly lost more than $32 million in tokens after falling victim to a malicious transaction that allegedly led to Inferno Drainer. The loss involved wrapped Ether (spWETH) tokens from the decentralized finance DeFi platform Spark, with 12,083 tokens being drained from

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Neutral
cover-imageCointribune
September 28, 2024

CZ Free, Is A Return To The Head Of Binance Conceivable?

Changpeng Zhao, the charismatic founder of Binance, has recently regained his freedom after four months of incarceration. While his release from prison marks the end of a tumultuous chapter, it also raises questions about his future within the crypto empire he has built.

general-iconGeneral
Negative
cover-imageCoingape
September 28, 2024

Crypto Robberies Surge Across Europe: $32.4M spWETH Stolen in Latest Attack

Crypto sleuth ZachXBT has noted an uptick in crypto robberies, precisely, physical robberies where people in the digital currency space are being held and threatened at gunpoint. Armed robbers have started targeting cryptocurrency traders in Western Europe, including some of the top names in the industry.

general-iconGeneral
Negative
cover-imageBitcoinist
September 28, 2024

Binance Founder Changpeng Zhao Free After 4 Months In Prison

According to a Bloomberg report, Changpeng Zhao (CZ), co-founder and former CEO of Binance, was released from a US correctional facility on Friday, September 27th. CZ, who was sentenced to four months in prison in April 2024, was originally supposed to regain his freedom on Sunday, 29th of September.

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