News
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Netflix director’s $4 million dogecoin investment generates $27 million in profits amid “Conquest” controversy
- November 24, 2023
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No CommentsCarl Erik Rinsch, the director of Netflix’s sci-fi series ”Conquest”, gambled with a portion of the show’s budget, adding a layer of complexity to the production’s fate. After securing an initial $44.3 million for the series and subsequently requesting an extra $11 million from Netflix as production costs soared, Rinsch took an unorthodox approach. Instead
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Bitcoin declines by 3% due to resign of Binance’s CEO and hyperinflation concerns
- November 23, 2023
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The dynamic realm of cryptocurrency witnessed a significant shift in Bitcoin’s market dynamics on Wednesday as its trading value experienced a 3% decline, settling at $36,190. This downward trajectory aligns with pivotal developments in the crypto sphere, including the unexpected departure of Binance CEO Changpeng Zhao and prominent financial expert Robert Kiyosaki’s cautionary remarks about
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Genesis Global Capital sues Gemini to recover ‘preferential transfers’ of $689 million
- November 23, 2023
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In a further development in the aftermath of the FTX exchange collapse in November 2022, bankrupt cryptocurrency lender Genesis Global Capital has launched a legal action against cryptocurrency exchange Gemini. Genesis is seeking the recovery of approximately $689 million in preferential transfers, alleging that Gemini withdrew this substantial amount during the 90-day period leading up
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Bitcoin stalls under $38,000 as the return of ‘Notorious B.I.D.’ influences market dynamics
- November 22, 2023
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The Bitcoin market has found itself in a familiar position, reminiscent of its Q1 breakout, as whale entities exert influence on the cryptocurrency’s price dynamics. As of November 21, Bitcoin made attempts to reach its 18-month highs, encountering resistance at $37,770 and currently maintaining a trading range around $37,400. This price action closely mirrors the
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Fantom Foundation awards $1.7 million bounty to security researcher for averting $170 million loss
- November 22, 2023
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The Fantom Foundation, a key player in blockchain development, recently faced a potential security breach that could have resulted in substantial losses. A blockchain security researcher, whose identity remains undisclosed, played a pivotal role in swiftly identifying and addressing the vulnerability, earning a $1.7 million bounty from the foundation. This commendable response from the researcher
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Bitcoin’s upward trajectory amidst Argentine political shift and Indian crypto exodus to Dubai
- November 21, 2023
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In the fast-paced world of cryptocurrency, Bitcoin has once again captured attention by experiencing a notable surge, reaching $37,292 and marking a substantial increase of 2.5% on Monday. This surge aligns with significant global events, particularly the political developments in Argentina, where Bitcoin’s value witnessed a surge following the victory of Javier Milei in the
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Worldcoin’s WLD surges by 6% following Sam Altman’s appointment to lead Microsoft’s new AI research team
- November 21, 2023
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Worldcoin’s cryptocurrency, WLD, has experienced a notable surge of around 7% following the recent announcement that Microsoft has enlisted the expertise of Sam Altman and Greg Brockman, both previously associated with OpenAI, to lead a newly formed advanced AI research team. At the time of this update, WLD is trading at $2.41, indicating a robust
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Bitcoin’s price drop prompts the biggest bull liquidation in 3 months – Is a rebound on the horizon?
- November 21, 2023
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In recent financial developments, Bitcoin (BTC) has undergone notable price fluctuations, prompting scrutiny of its recent market behavior and the potential implications for both investors and the broader cryptocurrency landscape. Despite a recent downturn triggering the largest bull liquidation in three months, Bitcoin is exhibiting signs of resilience, currently trading at $36,538 as of Sunday,
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dYdX DEX exchange and YFI token hit in $9 million targeted attack
- November 21, 2023
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The recent targeted attack on the dYdX decentralized exchange has sent shockwaves through the cryptocurrency market, revealing vulnerabilities in the system and causing significant repercussions for the Yearn.Finance (YFI) token. With losses totaling $9 million, the dYdX team swiftly responded by utilizing its v3 insurance fund, which, at the time, still had a substantial balance
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SEC leak unveils unexpected Bitcoin ETF ‘Update’ worth $17.7 trillion, triggering surge in crypto prices
- November 20, 2023
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The cryptocurrency market has experienced heightened excitement and speculation following a leaked update from the U.S. Securities and Exchange Commission (SEC) regarding the potential approval of a massive $17.7 trillion Bitcoin spot exchange-traded fund (ETF). The revelation emerged from discussions between the SEC’s Trading and Markets division and various crypto exchanges, sparking significant price movements