Web3 - Crypto News And Market Updates

Crypto security illustration showing a shield and warning symbols, representing scam prevention and protection in the crypto space.

Crypto Community Slams WazirX’s ‘Socialized Losses’ Plan After Hack

August 4, 2024 Gonzalo

WazirX’s “socialized losses” plan after a $230M hack sparks outrage among users, demanding improved security and transparency from the exchange.

AI-powered crypto analysis illustration featuring a humanoid robot and market data, representing probability-based crypto forecasting tools.

OpenAI Holds Back ‘Highly Accurate’ AI Content Detection Tool Over Stigmatization Concerns

August 4, 2024 Gonzalo

OpenAI delays its ‘highly accurate’ AI content detection tool, citing concerns about stigmatization of non-English speakers and potential for tampering.

Genesis Concludes Bankruptcy with $4 Billion Creditor Payout

August 3, 2024 Gonzalo

Genesis Global has begun disbursing $4 billion in creditor payouts following its restructuring, with varying recovery rates across different crypto assets.

Illustration showing sharp Bitcoin price movement triggering $157 million in market liquidations.

Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk-Off Mood

August 3, 2024 Gonzalo

Bitcoin drops below $63K amid an equity market slump and large crypto movements from Genesis Trading wallets, significantly impacting major altcoins.

Ben ‘BitBoy’ Armstrong’s Former Company Subpoenaed in CFTC Fraud Probe

August 3, 2024 Gonzalo

The CFTC has subpoenaed Hit Network, a former company of Ben Armstrong , amid a fraud investigation involving 15 cryptocurrencies, including memecoin BEN.

India’s Enforcement Directorate Cracks Down on $890K Emoillent Crypto Scam

August 2, 2024 Gonzalo

India’s Enforcement Directorate targets Emoillent Coin founders, uncovering a crypto scam that deceived 2,508 investors, stealing approximately $890K.

Illustration depicting Ethereum Foundation’s Devcon 8 event in Mumbai and the global developer community.

Genesis Transfers $3 Billion Worth of Crypto Amid Bankruptcy

August 2, 2024 Gonzalo

Genesis Trading transfers $3 billion in Bitcoin and Ethereum amid bankruptcy to manage creditor repayments and financial restructuring efforts.

Crypto Hackers Stole $266M in July Across 16 Breaches: PeckShield

August 1, 2024 Gonzalo

The crypto sector faced significant losses in July as hackers stole approximately $266 million through 16 separate breaches, with WazirX being the hardest hit.

Federal Reserve illustration with probability charts, representing market expectations for interest rate cuts.

Bank of England Announces 0.25% Rate Cut

August 1, 2024 Gonzalo

The Bank of England’s 0.25% interest rate cut to 5% could trigger a Bitcoin breakout. Easing monetary policy has historically boosted risk-on assets.

Bitcoin shown near the Federal Reserve building with declining market charts, illustrating macro pressure and Bitcoin price weakness

Fed’s Lean Toward September Rate Cut Bullish for Bitcoin

August 1, 2024 Gonzalo

Fed’s likely rate cut in September looks bullish for Bitcoin, signaling increased market liquidity and investor confidence, according to QCP Capital.