Category: Latest news

[ad_1] Quick Take Recent data analysis paints a precarious picture for the European economy. Q3 2023 GDP figures illustrate a contraction of -0.1%, defying the forecast for a flat rate. This downturn marks a crucial moment for the European economy, as another subsequent negative quarter could officially wedge Europe into a recessionary period. This economic…

[ad_1] The Unibot hacker has moved $630,000 of the stolen funds from the popular Telegram trading bot through the sanctioned mixing protocol Tornado Cash, on-chain data shows. In an Oct. 31 post on X(formerly Twitter), the Unibot team confirmed that the platform suffered a “token approval exploit” on its new router. “We experienced a token…

[ad_1] Bitcoin’s recent surge past $34,000 has been a significant event in the cryptocurrency market. Monitoring miner behavior and metrics is paramount when analyzing the Bitcoin market, as miners play a foundational role in network security, transaction validation, and new Bitcoin issuance. Their actions and decisions can offer insights into market trends, future price movements,…

[ad_1] Daniel Shin, co-founder of TerraformLabs, appeared in court on Oct. 30 and denied all charges against him in connection with the 2022 collapse of the Terra Ecosystem. He instead laid blame on his associate Do Kwon’s “unreasonable” management practices of Anchor Protocol. Shin distanced himself from the currently incarcerated Kwon, his lawyers claiming that…

[ad_1] The fifth week of the high-stakes trial that has captivated the cryptocurrency world began with Sam Bankman-Fried (SBF) resuming his testimony on the stand before a thorough cross-examination by the prosecution. SBF was hit with intense questioning about his role as the CEO of FTX and the inner workings of the crypto exchange in…

[ad_1] FTX founder Sam Bankman-Fried once again took the stand in his ongoing criminal trial in New York on Oct. 30, this time to face cross-examination by prosecutors. Assistant U.S. Attorney Danielle Sassoon began by determining the extent to which Bankman-Fried was involved with FTX’s sister firm, Alameda Research. Bankman-Fried admitted to owning 90% of Alameda.…

[ad_1] A non-profit organization linked to Stellar co-founder and executive Jed McCaleb intends to offer an AI chip rental service, Reuters reported on Oct. 30. The startup in question, Voltage Park, has reportedly purchased 24,000 Nvidia H100 chips valued at $500 million. The company plans to rent those resources out as a cloud service so…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Terraform Labs and its co-founder Do Kwon filed a motion for summary judgment with a federal court, asking the judge to dismiss the SEC’s securities fraud lawsuit against it. Terraform Labs collapsed in May 2022 after its native token LUNA lost 99% of its value when the linked algorithmic stablecoin UST lost its peg…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…