China News by Thebittimes.Com

Two Argentinian crypto tokens called MILEI and ARG that were launched around the same time as the Javier Milei-backed LIBRA might be the work of the LIBRA team. That’s according to Blockworks’ Senior Data Engineer Fernando Molina who claims there may have been a last-minute attempt to change the LIBRA token to ARG.   Molina demonstrates how the three tokens share characteristics that may link them together. For instance, all of them were funded by different creator accounts using the same crypto exchange, FixedFloat.  He also claims the creator of each token used liquidity pool Meteora and in each case deposited 108 tokens into the pool. ARG has slightly different metadata to LIBRA while they share an almost identical logo .  3/ $MILEI parecería haber sido gestado como un token de prueba ya que compartía la misma metadata que $LIBRA Pero la metadata de $ARG es diferente a la metadata de $LIBRA como se ve en la captura. Inclusive se tomaron el trabajo de cambiarle el n...

Crypto wallets linked to the now-defunct crypto exchange FTX and the bankrupt trading firm Alameda Research have unstaked over 3 million Solana tokens, which is the largest SOL unlock since the company started selling its tokens back in November 2023. Blockchain analytics firm Lookonchain noted the unstaking activity by Alameda and FTX in an X post earlier today. At the time of the SOL unlocks, the tokens were valued at approximately $431 million. FTX And Alameda Move Thousands Of SOL To Binance After unlocking the tokens, the two firms then sent the SOL to Binance, which is the largest exchange in the crypto space in terms of 24-hour trading volume. On-chain data shared by Lookonchain shows the companies sent 25,000 SOL, worth around $3.3 million at the time, to the platform. Of the 3.03M $SOL($431.3M) unstaked by FTX/Alameda today, 24,799 $SOL($3.38M) has been deposited to #Binance.https://t.co/D4j4l4yNuFhttps://t.co/uLkjQFwVId pic.twitter.com/ig2Jl2CcXl — Lookonchain (@...

The Ethereum price has slumped 2.5% in the last 24 hours to trade at $2678 as of 11 p.m. EST on a 125% pump in trading volume to $32 billion. This plunge in the ETH price comes after Bybit, a Dubai-based crypto exchange, suffered a massive security breach, with hackers stealing over $1.4 billion in Ethereum in a swift, smash-and-grab-style attack on Friday. Crypto investigator ZachXBT linked the exploit to the North Korean Lazarus Group, a notorious cybercriminal syndicate responsible for several major crypto heists. Arkham confirmed that ZachXBT provided “definitive proof,” including test transactions, wallet connections, forensic graphs, and timing Analysis . He also identified similarities between this attack and the $30 million Phemex hack in January. JUST IN: Bybit CEO confirms the crypto exchange has been hacked, $1.4 billion $ETH and $stETH stolen. This is now the largest crypto exchange hack in history. pic.twitter.com/VCSZaqZ3if — Jacob King (@JacobKing...

Cryptocurrency exchange Bitstamp announced it is officially listing both PEPE and Solana (SOL) in the United States. Indeed, the platform took to X (formerly Twitter) to announce it is listing both the third largest non-stablecoin and meme coin by market cap, respectively. The move is a reversal for SOL, as Bitstamp announced it was ending trading for the crypto in August of 2023. The exchange noted that Solana and six other cryptocurrencies would be “permanently” suspended following a US Securities and Exchange Commission (SEC) qualification that they were unregistered securities. JUST IN: Bitstamp officially lists $PEPE, and Solana $SOL in the US. — Watcher.Guru (@WatcherGuru) November 29, 2024 Also Read: Coinbase Officially Lists Memecoin PEPE Solana Returns, PEPE Debuts on Bitsamp in the US It has certainly been an important year for cryptocurrencies. Although two crypto-based ETFs were approved in the United States, the country took a massive shift as Donald Trump...

A decentralized social media altcoin is nosediving just days after gaining support from the top US crypto exchange platform. New data reveals that social media token DEGEN went from a weekly high of $0.011 to $0.008 since being adopted by Coinbase on October 15th, a 27% drop. According to DEGEN’s website, the digital asset is a reward token for active participants of the decentralized social media platform Farcaster. Furthermore, it powers the Degen Chain, which is billed as a layer-3 built over Base, the blockchain of Coinbase. “DEGEN is a reward token for Farcaster users, born from meme culture. It uses a unique tipping system that empowers the community to reward quality content creators. It also powers the Degen chain, one of the pioneering layer-3s launched on Base, offering a platform for building and using Degen apps, often referred to as the ‘Las Vegas of blockchains.'” DEGEN, which launched earlier this year in January, has a su...

Also Read: Mastercard Says Expanding Crypto Card Program advertisement Not just lawmakers and crypto traders, but several US judges had ruled against the SEC’s position on crypto companies. In recent times, the US agency received unfavorable rulings in crypto related cases including the Grayscale and Ripple XRP lawsuits. Read More to know about Key US SEC Crypto Lawsuit Failures Every Investor Should Know CZ Sheds Light On Hong Kong Crypto Policy Easing The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad In what appears to be criticism directed at the US regulators, CZ shared a report about the Hong Kong central banking asking local banks to give banking services access to crypto businesses. Earlier, CoinGape reported that the Hong Kong Monetary Authority (HKMA) had on Thur...

Five years back, in July 2017, Changpeng Zhao—aka CZ—launched Binance. Within a period of 180 days, Binance reportedly grew to become the largest crypto exchange globally. Over the years it has expanded its reigns by launching its services in a host of nations. However, a recent investigative report by Reuters revealed fresh details about how the exchange has been dodging regulations in the US and the UK. The authors of the piece, Tom Wilson and Angus Berwick, have blamed the exchange for disarray in its compliance program. Per Reuters, the reporting includes interviews with around 30 former employees, advisers, and business partners and a review of thousands of company messages, emails, and documents dated between 2017 and early 2022. According to the company messages viewed by Reuters, Binance sought ways around regulatory scrutiny in the UK. Zhao allegedly signed off on a plan in 2020 by a Binance executive to backdate a company document to avoid a re...