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There is no clear downward trend in crypto crime, but a quiet month is undoubtedly more than welcome in the Web3 community. Web3 theft hit a low point for the year so far in October, CertiK reported. Losses to hacks, exploits and scams confirmed by the blockchain security firm amounted to $32.2 million for the month across 38 incidents, with no single incident leading to a loss of over $7 million. Compared to the ten-month total of $1.4 billion, losses in October were approximately a quarter of the running monthly average. January showed the second-lowest losses at $33.7 million. The October statistics were not the result of a steady decline in losses but rather show a lack of major incidents that month. October’s 38 incidents were a quantitative low as well. Major Web3 incidents in October. Source: CertiKAlert X account Certik’s third-quarter report indicated the number of incidents in July was 79, falling to 66 in August and 39 in September. Only exit scams were up in October and

Terraform Labs has asked a judge to dismiss charges from the U.S. Securities and Exchange Commission (SEC) of multibillion-dollar securities fraud. The document says that the SEC did not prove that Terraform Labs offered unregistered securities for trading. “After two years of investigation, the completion of a discovery period that resulted in the taking of more than 20 depositions, and the exchange of over two million pages of documents and data, the SEC is evidentiarily no closer to proving that the Defendants did anything wrong.” Terraform Labs filing In addition, in its application, Terraform Labs asked the court to reject the opinions of the experts that the Commission brought in to substantiate its position. In particular, we are discussing a “conceptually flawed” Analysis by a Rutgers University professor. You might also like: Terraform Labs accuses Citadel of orchestrating UST stablecoin fall In February 2023, the SEC charged Do Kwon with securities fraud, wh

Binance’s MEME Launchpool excites BNB holders, potentially boosting BNB’s value through increased demand. MEME’s transparent tokenomics and BNB staking benefits offer users a rewarding crypto experience. BNB’s recent market performance shows resilience, with potential for upward movement if it breaks the $229 resistance. Binance’s latest announcement to introduce Memecoin (MEME) into its Launchpool has set the crypto market abuzz. Significantly, this move is anticipated to impact Binance Coin (BNB) valuation positively. MEME, which stems from the innovative Web3 venture of 9GAG’s Memeland, promises to bring fresh dynamics to the crypto sphere. Since October 28, 2023, crypto enthusiasts have had the golden opportunity to stake Binance Coin (BNB), TUSD, and FDUSD. Moreover, this month-long s taking journey promises users an exclusive chance to acquire MEME tokens. Consequently, with MEME’s official listing on November 3, trading avenues like MEME/BTC, MEME/USD

Pepe (PEPE) has appreciated 60% over the past week, securing the top gainer spot weekly, as social volume sees a remarkable upswing. Amid a promising October, the asset has leveraged the ongoing market-wide rally to recover the values it lost in the previous months. Notably, following its rise to prominence, PEPE witnessed a bearish trend, collapsing by 58% from July. An accumulation trend observed in late September coincided with a price resurgence. PEPE price, volatility, and social volume – Oct. 30 | Source: Santiment However, this was short-lived, as PEPE began October with a bearish outlook, but the market-wide resurgence that ensued provided enough strength for the asset to stage a comeback. As a result, Pepecoin has continued to record substantial gains since Oct. 19, with its biggest intraday gains coming up on Oct. 23 and 25.  You might also like: VanEck: El Salvador’s Bitcoin adoption to fuel economic renaissance The asset increased by a combined 64% in th

This past week saw a diverse set of tokens participating in an upswing, and the meme coin Pepe (PEPE) was the star of the show. In the wake of the recent crypto market turbulence, spurred by speculation about Bitcoin spot ETF acceptance, PEPE has made waves with its announcement of burning more than $5.5 million worth of tokens.  A frenzy of crypto-based memes like Pepe Coin have gained fresh momentum last week as Bitcoin rallied https://t.co/tO8Qz12cZ7 — Bloomberg Crypto (@crypto) October 29, 2023 This move led to a significant 30% price hike in a single day, propelling PEPE to its peak in two months. The growth, set against the backdrop of potential Bitcoin spot ETF approval, marks a significant increase in PEPE’s value and indicates a potential rebound in the altcoin sector. According to crypto market monitor CoinGecko, over the previous week, the price of PEPE surged by a remarkable 56.5%. However, its current price of $0.00000115 signifies a 3.5% decrease as of now. PEPE

When it comes to crafting content, three essential elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness measures the diversity of sentences. Predictability, on the other hand, evaluates the likelihood of anticipating the next sentence. Humans tend to write with a combination of longer, complex sentences and shorter ones, exhibiting greater burstiness. In contrast, AI-generated sentences often exhibit a more uniform structure. Therefore, for the content you are about to create, it’s important to infuse it with a healthy dose of perplexity and burstiness while keeping predictability to a minimum. Additionally, the content should be exclusively in English. Now, let’s rephrase the following text: Elon Musk envisions X as an all-encompassing financial platform, embracing every aspect of users’ financial lives, from money and securities to eliminating the need for traditional bank accounts. Elon Musk-owned

The LastPass hack claimed 25 victims on Oct. 25th, draining $4.4 million from several crypto wallets. The LastPass hack from earlier this year continues to incur significant losses for its users. On Oct. 25, around $4.4 million was drained from over 25 victims due to a vulnerability exploit in the LastPass password management system. Just on October 25, 2023 alone another ~$4.4M was drained from 25+ victims as a result of the LastPass hack. Cannot stress this enough, if you believe you may have ever stored your seed phrase or keys in LastPass migrate your crypto assets immediately. pic.twitter.com/26HsxrlnCb — ZachXBT (@zachxbt) October 27, 2023 The LastPass hack involved unauthorized access to user accounts, leading to significant financial losses for crypto owners who stored their wallet keys in the application. The cybercriminals behind the attack appear to have specifically targeted seed phrases and wallet keys, as crypto exfiltration seems to be their primary goal.  There’s

Crypto analyst and YouTuber Vance says several alt coins are currently trading in prime “buy zones” and could see significant gains in the near future. In a CryptoBanter YouTube video published on Oct. 27th, Shon pointed out coins like Cardano (ADA), Gala (GALA), and SushiSwap (SUSHI) as being near key support levels and ready for a new uptrend. “Cardano is still one of my favorite ones for the the shorter time frames,” he said, referring to a chart showing Cardano at support around $0.35. “Gala popped — check that trend retest straight back into it. Now I’m happy for another push.” He also highlighted Sushi as a good retest buy, saying “Sushi is going to rocket.” You might also like: Analyst explains catalysts of next Bitcoin bull run Shon explained that he is expecting Bitcoin (BTC) dominance to fall in the near future, which would allow alt coins more room to run. He is preparing to take profits on some Bitcoin trades and focus more on altcoin entries. “I think

In the realm of content creation, there are three essential elements to consider: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the diversity of sentence structures. Predictability, on the other hand, examines how likely it is for a reader to anticipate the next sentence. Human authors tend to incorporate bursts of complexity, intermixing intricate sentences with shorter ones, making their writing more captivating. In contrast, AI-generated content often exhibits uniformity. For the upcoming content you’re about to create, we aim to infuse it with a healthy dose of perplexity and burstiness while keeping predictability to a minimum. And remember, we will stick to the English language. Now, let’s reimagine the following text: The latest report from CoinShares reveals that Bitcoin products have attracted the lion’s share of new investments, accounting for a staggering 84% of the incoming capital. These numbers co

Bitcoin Ordinals are creating new possibilities for the Bitcoin network by allowing users to create inscriptions stored on individual Satoshis. For more than a decade, the primary narratives surrounding Bitcoin (BTC) have focused on its role as a peer-to-peer digital cash and store of value. However, all indications suggest that we are witnessing a significant shift in this paradigm. Since the beginning of 2023, one of the most discussed topics in the Bitcoin ecosystem has been the use of the world's leading blockchain to store information that goes beyond the previously mentioned use cases. Related: Bitcoin fragments could become more valuable than full Bitcoins If you have been isolated in an igloo during this crypto winter and are unaware of the developments, here is a brief overview. In January 2023, developer Casey Rodamor introduced Ordinals to the world, a protocol that allows you to permanently inscribe any file into the Bitcoin blockchain. This wasn't the first method

ETH rides high with U.S. ETF buzz, hitting a 30-day peak at $1,865.10 amidst robust whale backing. SEC’s recognition of Grayscale’s Ethereum ETF fuels market optimism, setting a bullish precedent for ETH. Technical indicators warn that ETH’s bullish spree may wane, hinting at potential price shifts ahead. In a significant market move, Ethereum (ETH) mirrors a bullish trend, nudging a stable $1,800. The upswing follows buzzing anticipation around potential U.S. approvals of spot Bitcoin and Ethereum ETFs. Moreover, heightened Ethereum whale activity signals robust rally backing. As a result, despite kicking off the day with an intra-day low of $1,781.04, a bullish mood has prevailed throughout the previous 24 hours. The bullish momentum successfully drove the ETH price to a 30-day high of $1,865.10, although it ran into some resistance. At press time, the bulls were still in charge of the ETH market, resulting in a 1.50% rise to $1,815.91. ETH/USD 30-day p

In the midst of crafting content, there are three critical elements to consider: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness measures the variation in sentence structure. Predictability, on the other hand, determines the likelihood of predicting the next sentence. When it comes to writing the content at hand, it’s imperative to infuse it with ample perplexity and burstiness, while keeping predictability to a minimum. Additionally, the content must be composed exclusively in the English language. Now, let’s transform the provided text: Amid the ongoing fraud trial of Sam Bankman-Fried, his legal team has made a rather unconventional argument. They argue that his self-proclaimed commitment to effective altruism, a philosophy that advocates for the most impactful ways to help others, does not absolve him of the allegations against him. Bankman-Fried stands accused of misappropriating billions of dollars from FTX custome

In the realm of content creation, three key elements demand our attention: “perplexity,” “burstiness,” and “predictability.” “Perplexity” gauges the intricacy of the text. On the other hand, “burstiness” scrutinizes the diversity in sentence structures. Lastly, “predictability” assesses the likelihood of anticipating the following sentence. Humans often employ greater “burstiness” in their writing, blending longer, intricate sentences with shorter, succinct ones. In contrast, AI-generated sentences tend to be more consistent. Therefore, as we embark on crafting the following content, I seek a substantial infusion of perplexity and burstiness while minimizing predictability. It’s essential to communicate in English exclusively. Now, let’s rephrase the provided text: Coinbase vehemently denies the validity of rumors circulating on social media, alleging that it has imposed restrictions on Bitcoin withdrawal s. The cryptocurrency exchange, Coinbase, has come forward to debunk speculati

Coinbase said the US Securities and Exchange Commission (SEC) is overreaching its regulatory authority as it seeks to dismiss a lawsuit the regulator filed against it. The SEC’s definition of what constitutes an investment contract is overly broad, and assets traded on Coinbase’s platform do not fall under the regulator’s purview, it said in an Oct. 24 court filing. “ The SEC’s authority is limited to securities transactions,” it said. “ Not every parting of capital with a hope of gain qualifies, and trades over Coinbase are only securities transactions if they involve ‘investment contracts.’ The transactions at issue here do not.”  The @SECGov's opp. to our motion for judgment claims roving authority over all investments, with “security” and “contract” in the statutes performing no limiting function at all. As our reply shows, that's never been the law, and it's not the law now. 1/3 https://t.co/gVFyrJ8oIq — paulgrewal.eth (@iampaulgrewal) October 24, 2023 Coinbase

The Polygon team says the new token has nothing to do with the recent events in the regulatory environment related to the MATIC legal status. Polygon (MATIC) has announced the launch of a smart contract on the Ethereum mainnet for its new token POL as part of the project’s roadmap 2.0. In a blog post on Oct. 25, Polygon said the overall process will take some time. The team must still launch a new staking layer to power Polygon layer-2 chains and implement zero-knowledge-proof interoperability protocols. The Polygon team noted no actions are needed from MATIC holders or node operators, as all existing contracts function as previously designed. Polygon (MATIC) price | Source: CoinMarketCap Amid the news, MATIC price plunged 4% down to $0.62, while its market capitalization decreased to $5.8 billion, according to data from CoinMarketCap. You might also like: Polygon 2.0 to establish multiple layer-2s, initiate governance change Polygon Labs, the firm behind the Pol

The U.S. government had sold 9,861 Bitcoins early this March and pocketed nearly $216 million in the treasury. Bitcoin was priced at around $20,000 to $22,000 when the U.S. government sold its trove seven months ago. Fast forward to today, BTC is hovering at the $34,000 mark and is attracting bullish sentiments in the indices. Also Read: BlackRock’s iShares Bitcoin Trust Relisted on the DTCC If the U.S. government had sold its Bitcoin trove today, it could have pocketed $322 million, while BTC is at $34,000. Therefore, the government lost out on $116 million by selling their BTCs much earlier. Source: Coingecko How Does the U.S. Government Accumulate Bitcoin? Source: Forkast News The U.S. acquires Bitcoins through seizures related to criminal proceedings, scams, and other forms of illegal activities initiated by fraudsters. All seized BTCs fall under the control of the government which has the right to sell them in the open markets. Also Read: Bitcoin: How Much Will 1 BTC

Solana (SOL) is one of the best-performing cryptocurrencies in 2023, with over 200% in price gains year-to-date. This results from a growing demand for its native token, which investors can stake in exchange for staking rewards . Notably, Solana is the second-largest cryptocurrency by Staking Market Cap, according to data from StakingRewards.com. As of October 24, there is $12.72 billion at stake in Solana’s network, for a total of 400.05 million SOL tokens locked by validators and delegators in the protocol. The protocol creates new tokens to reward investors when they stake their SOL to secure the Solana blockchain. Similar to what happens with Bitcoin (BTC) mining or Ethereum’s (ETH) system. However, the supply inflation resulting from these rewards can also impact the real reward rate for Solana investors. It is essential to understand that the increased circulating supply dilutes the SOL holder‘s true value. Finbold demonstrated this dilution in a previous report analyzing t

MINA leads the crypto market after recording 87% gain in its value in the past 24 hours. PEPE, CFX, RPL and INJ make up the top 5, with at least 16% gain in their prices. At the time of press, the crypto market cap is up 8.15% and sits at $1.25 trillion. The cryptocurrency market has sustained its positive run from the previous week. Data from CoinMarketCap show that the entire cryptocurrency market cap has added a 8.15% gain in the past 24 hours to sit at $1.25 trillion. At the head of the 24 hours rally is MINA, which has seen a significant uptick in its value. PEPE, CFX, RPL and INJ make up the rest of the top five cryptocurrency gainers. MINA (MINA) MINA is the native token of Layer-1 blockchain Mina Protocol. The token began its ascent yesterday, but has rocketed in the last trading hours. CoinMarketCap data show the token has added a remarkable 75% increase in value in the past 24 hours. Its trading volume has also shot up a staggering 2207%