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Nigerian authorities arrested Amb. Wilfred Bonse, a Nigerian politician, for alleged theft and money laundering in connection to a breach suffered by cryptocurrency trading company Patricia Technologies Ltd.  According to ACP Olumuyiwa Adejobi, a public relations officer with the Nigerian Police Force (NPF), the arrest was made following the force’s investigation into Patricia’s hack.  As stated by Adejobi, Bonse allegedly assisted in laundering 50 million naira ($62,368) out of 607 million naira ($757,151) fraudulently diverted from the platform to his account via a crypto wallet.  You might also like: November scores exploiters $290m over 5 major crypto hacks Before his arrest , Bonse contested for a gubernatorial seat in the Southern part of Nigeria. While investigations are still ongoing, other suspects remain at large, with the PRO stating that everyone involved in the criminal conspiracy case will be caught and punished.  Reacting to the arrest , P...

The ECB President Christine Lagarde revealed that her son has lost about 60% of his investments in cryptocurrencies. Lagarde asserted that though her son disregarded his warnings against crypto, he realized its risky nature in the end. Analysing Lagarde’s previous comments on cryptocurrencies reinforces her anti-crypto stance. The European Central Bank (ECB) President Christine Lagarde reinforced her anti-crypto stance, illustrating her son’s losses in crypto investments. During a meeting with students in Frankfurt, Lagarde revealed that her son has lost “almost all” of his crypto investments, as he “ignored” her warnings against crypto. Christine Lagarde could be regarded as one of the biggest critics of cryptocurrencies, considering her anti-crypto notions and comments. In May 2022, Lagarde asserted that cryptocurrencies are “worth nothing” as the assets are “based on nothing.” It was under her leadership that the European Central Bank initiated its venture to la...

Crypto trade rs often do not pay enough attention to how the supply of cryptocurrencies can increase and inflate. Understanding this can give investors an edge in the cryptocurrency market . With this in mind, Finbold examined the economics and supply aspects of Cardano (ADA) in a new way. Data from leading market indexes can show what happens when Cardano’s supply goes up. In this analysis, we can forecast Cardano’s price if it reaches its highest market value again. When a crypto asset has a growing supply, it needs more buyers to keep its price stable. The relationship between demand and an increasing supply decides if a crypto’s price will go up or down. Each crypto, like ADA, has its own set of supply rules, often called tokenomics. Cardano had an all-time high market cap of $101.167 billion on September 2, 2021, according to TradingView ’s CRYPTOCAP index. Meanwhile, the token traded for as high as $3.10 on the same day, as registered by CoinMarketCap . An in...

Experts from Aqua Security are calling for urgent attention to the public disclosure of Kubernetes configuration secrets. According to recent research, experts are warning that hundreds of source code projects and organizations are vulnerable to “ticking supply chain bomb.” Aqua analysts Yakir Kadkoda and Assaf Morag claim they found Kubernetes secrets in public repositories. They allow access to sensitive software development life cycle (SDLC) environments and pose a serious threat of supply chain attack . Those affected include two leading block chain firms and various other Fortune 500 companies that used the GitHub API to obtain all entries containing .dockerconfigjson and .dockercfg, which store credentials to access the container image registry. You might also like: Role of decentralization in ensuring security Of the 438 records are at risk of containing valid registry credentials, 203 records (around 46%) contained valid registry credentials. Of these, 93 pa...

The court in Podgorica made a positive decision in the extradition case of Terraform Labs founder Do Kwon. According to the document, the requests of both the South Korean and US authorities were satisfied. The final decision on where to extradite Kwon will be made by the country’s Minister of Justice. Extradition is likely to occur after the Terraform Labs chief serves a four-month prison sentence for document forgery after he was found to be travelling with a fake passport. The story will be updated Follow Us on Google News Source: https://thebittimes.com/breaking-montenegro-court-approves-do-kwon-s-extradition-tbt71466.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Cryptocurrency News Post by: TheBitTimes.com

Cryptocurrency markets are abuzz with activity as altcoins make a comeback, and Dogecoin (DOGE) is once again on a surge. Recent data unveils significant shifts of older DOGE from stagnant wallets, coupled with the rise of new substantial holders. Furthermore, there are notable transactions involving millions of Dogecoins, contributing to the intrigue surrounding this widely popular meme-inspired cryptocurrency. Older Doge on the Move A noteworthy development in the Dogecoin ecosystem is the substantial movement of older DOGE from inactive wallets. This implies a potential alteration in market dynamics as long-term holders adjust their positions. Analysts are closely observing these movements, foreseeing potential impacts on Dogecoin ’s price and overall market sentiment. Source In the last month alone, 121 new Dogecoin wallets, each holding over 1 million DOGE, have surfaced. This influx of large holders, commonly known as “whales” in the crypto community, hol...

While the optimism is returning to the cryptocurrency market, demonstrated by price advances of many digital assets, it seems that Ethereum (ETH) has been recording increased interest from its whales , which currently own nearly $125 billion worth of the second- largest cryptocurrency by market capitalization. Specifically, the 200 Ethereum whales with the most ETH in their wallet s now together hold 62.76 million ETH worth around $124.1 billion , which means that they have 52% of the 120.25 million ETH in circulating supply in their fins, as per the data shared by X user behind the OneArt crypto wallet on November 22. Ethereum Whales on a buying spree! @santimentfeed reports that the 200 largest Ethereum wallets now hold a combined 62.76M $ETH, currently worth $124.1B! They have accumulated 30.3% more coins since November 21, 2022 and now command 52% of Ethereum's circulating supply! — OneArt (Crypto & NFT Wallet) (@art_wallet) November 22, 2023 As it happens,...

NFT marketplace Blur allocated a total reward pool of 300 million tokens, worth around $146 million, for traders who use their platform. A pseudonymous nonfungible token (NFT) trader made around $11 million in the recent airdrop reward distribution conducted by the NFT marketplace Blur.  Dune analytics data showed that a wallet with the Ethereum Name Service (ENS) tag called “hanwe.eth” claimed a total of 22,851,000 Blur (BLUR) token s in the season 2 airdrop of Blur. At the time of writing, coin price tracker CoinGecko showed that the amount is worth around $11.2 million. It's time to BLAST OFF. I just received 22851000 $BLUR from @BLUR_io's Season 2 drop. Season 3 starts NOW and is powered by @BLAST_L2, the only L2 with native yield backed by Paradigm and Standard Crypto. pic.twitter.com/jDKgc0wInS — Hanwe (@HanweChang) November 21, 2023 The end-of- season airdrop is one of the strategies employed by Blur to attract traders to use its platform. Blur rewards those who ...

Coldstack partners with Paal AI a powerful AI ecosystem, predicated on the principles of continuous learning and adaptation. Coldstack recently incorporated the Paal AI bot into its support channel on Telegram. This integration enables users to receive prompt responses regarding its decentralized storage aggregator, eliminating the need for wait times. Understanding Coldstack: A Pioneer in Cold Storage for Decentralized Data Coldstack has positioned itself as a pioneer in the realm of decentralized data storage, with a focus on providing secure and cost-effective solutions. The platform utilizes a unique approach to cold storage, leveraging the inherent properties of blockchain technology to create an efficient and reliable storage system. Cold storage is a method of keeping data offline, away from internet-connected devices, to enhance security by minimizing the risk of cyber threats. Coldstack’s decentralized storage solution offers users the ability to store data in a secure an...

Since its popularization in 2023, the Ordinals Inscriptions and the BRC-20 token standard divided the Bitcoin (BTC) community. A growing adoption is now redefining the meaning of DeFi on Bitcoin, creating a brand new ecosystem of fungible and non-fungible tokens (NFTs) to speculate on. Notably, Ordi (ORDI) is now the first Bitcoin-based fungible token to enter the top 100 cryptocurrencies by market capitalization. Its rise happened in a controversial environment, with critics pointing to the lack of a real value proposition for the fully speculative digital asset. Moreover, the increased demand for ORDI and other BRC-20 tokens was also blamed as the cause for Bitcoin fees to skyrocket in the last weeks.  This feature gathered the attention of leading services in the cryptocurrency industry, such as the crypto exchange Binance. The largest trading platform listed ORDI early this month as its first Bitcoin-based token available for trade. ORDI price analysis Cryptocurr...

Newly appointed Binance CEO Richard Teng has reiterated his confidence in the exchange’s financial health even after agreeing to a massive $4.3 billion penalty from U.S. authorities. In response to comments from Conor Grogan, a Coinbase executive, praising Binance’s latest proof-of-reserves report on Nov. 22, Teng asserted that platform fundamentals stay robust across trading volumes, expenses, revenues, and profits. Grogan observes that Binance possesses significant crypto asset reserves, with $6.35 billion verified in its reserves report. Additional unaccounted for cash and wallet balances further reinforce assets. I backed out Binance Corporate's crypto holdings from their Proof of Reserves: $6.35B total assets, $3.19B in stablecoins Doesn't include off-chain cash balances or funds held in wallets not in PoR Most likely able to pay full $4.3B DoJ fine with 0 crypto asset sales pic.twitter.com/GK45EwRSPO — Conor (@jconorgrogan) November 21, 2023 The C...

Binance faces a pivotal change as CEO Changpeng Zhao agrees to step down and the company prepares to pay $4.3 billion in fines, follow ing a settlement with the SEC over anti-money laundering violations. Changpeng Zhao’s decision to step down as CEO of Binance and plead guilty to violating U.S. anti-money-laundering requirements has sparked a complex interaction with U.S. regulatory bodies, particularly in the context of a substantial settlement agreement. The unfolding situation involves intricate negotiations and exchanges between Zhao, Binance and the U.S. Securities and Exchange Commission (SEC), according to sources close to the matter. The core of these discussions revolves around the specifics of the charges against Binance and its CEO, and the implications of the settlement for Binance’s future operations. Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I mu...

In a Nov. 21 press release shared with crypto.news, TON Future3 Campus, in collaboration with The Open Network (TON) Foundation, revealed the initiation of TON bootcamp . This incubation program aims to encourage the development of mini-apps within TON’s Web3 ecosystem on Telegram.  Bridging the gap TON states in the announcement that until Dec. 18, interested parties can submit applications for consideration, with the prospect of 15 teams receiving support for integration into TON’s Web3 ecosystem and a potential funding of up to $500,000 from Future3 Campus. The TON Bootcamp functions as a Web2.5 incubator, providing developers with the tools to create mini-apps that bridge the gap between the Web2 experience and the decentralized advantages of Web3.  Over a span of five months, selected participants will have the opportunity to secure substantial funding for their projects. The focus of the bootcamp centers on aiding projects that develop practical payme...

Binance is asked to pay $4 billion as part of a proposed resolution with the DOJ. Binance seeks a “deferred prosecution agreement” to continue its operations without direct prosecution. The final decision could come by the end of this month. Binance Holding Ltd. is reportedly asked to pay $4 billion as part of a proposed resolution with the United States Department of Justice, as per Bloomberg. The report said that the settlement proposal between the DOJ and Binance comprises the probability that the cryptocurrency exchange’s founder, Changpeng “CZ” Zhao, would face criminal charges in the U.S. This agreement could fix the years-long investigation into the exchange firm for alleged violations of “money laundering, bank fraud, and sanctions violations”. The news article also stated that Binance seeks a “deferred prosecution agreement” to continue its operations without direct prosecution. Moreover, the DOJ reportedly has three-fold terms for this agree...

Nov 21, 2023 at 06:45 // Price Author Coin Idol Polygon (MATIC) price has reached bullish exhaustion with a high of $0.98. MATIC price falls back to its previous lows. Polygon Price Long Term Prediction: Bullish The altcoin dropped first and found support above the moving average lines. The bearish momentum is now repeating itself as the bears retest the 21-day moving average line. At the time this article was written, the market price of MATIC was $0.80. On the downside, selling pressure will pick up again if the bears drop below the 21-day SMA. MATIC...

Digital assets manager CoinShares says institutional crypto products saw heavy in flows across the board last week for the eighth consecutive week. In its latest Digital Asset Fund Flows report, CoinShares finds that institutional investors are continuing to up their allocations to crypto with Solana (SOL) investment products leading the way for altcoins. “Digital asset investment products saw in flows totaling US $176 million last week in a continuation of consecutive weekly in flows that has now lasted 8 weeks, bringing year-to-date in flows to US $1.32 billion.” Source: CoinShares CoinShares also puts the yearly in flows into perspective, comparing in flows to previous years. “However, the in flows remain well behind 2021 and 2020, which saw US $10.7 billion and US $6.6 billion respectively.” According to CoinShares, much of the trading volume surge in crypto can be traced to exchange-traded product (ETP) investors. “Tra...

Businesses are facing a new kind of decision that’s becoming increasingly crucial as Web3 influence starts to spread: picking the right Wallet-as-a-Service (WaaS) provider.  Magic, a leading Web3 WaaS provider, released a comprehensive guide aimed at aiding businesses and individual users in selecting the most suitable WaaS provider. According to the information shared with Finbold, this WaaS guide equips businesses and users to choose the right WaaS for their needs, focusing on security, implementation, and essential services.   This release comes at a time when the significance of digital wallets transcends mere asset storage, becoming instrumental in executing secure and efficient transactions. As the digital landscape evolves with Web3, the decision to choose the right WaaS provider has emerged as a strategic and crucial one, going beyond the boundaries of technology. The WaaS guide by Magic emphasizes the importance of security and integration capabilities in a Wa...

Amidst ongoing issues in traditional markets, some view cryptocurrency as an investment option for retirement. We talked to experts to explore the pros and cons. In all the noise and concerns surrounding cryptocurrency, especially after cases like the downfall of FTX, convincing people about its positive aspects has become increasingly challenging. In this chaotic environment, considering virtual currencies as a retirement investment option is a tough decision for anyone. Presented with options like traditional Individual Retirement Accounts(IRA), bonds, stocks, mutual funds, or wealth preservation through precious metals, crypto could be the last thing on your mind. This article dives into the ups and downs of investing in crypto as a retiree, discussing the risks and challenges that come with it and how Bitcoin ETFs would impact digital currency investments. The rise of cryptocurrencies When Bitcoin entered the market, capped at a supply of 21 million, it barely had any value. ...