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Crypto wallet company Backpack announced its crypto exchange following Dubai license.  Founder Armani Ferrante celebrated the launch and recapped previous milestones. The exchange features zero-knowledge proof of reserves (zk-proofs), Multi-Party Computation (MPC) for custody, and high-speed order execution.  In a recent tweet, crypto wallet company NFT Backpack’s founder, Armani Ferrante, celebrated the launch of its cryptocurrency exchange after receiving the Dubai license. Ferrante recaps the milestones the team has covered from introducing Anchor, the framework, and launch of Backpack, the wallet, to unveiling xNFTs, the protocol, and building the community, Mad Lads. Lads, the time has come. We launched Anchor, the framework. We launched Backpack, the wallet. We launched xNFTs, the protocol, We launched Mad Lads, the community. And now, we launch X. https://t.co/TQ8ZIu8S6D — Armani | X (@armaniferrante) October 31, 2023 Earlier today, Backpack...

SBF agreed to transfer FTX’s account from Alameda to North Dimension. AUSA questioned SBF on using auto-delete settings during conversation with lawyers. The embattled former CEO appeared coy and indirect in his responses. Unibot, a popular platform that deploys chatbot solutions, reportedly suffered a hack resulting in an estimated $600,000 or more in stolen user funds. A hacker attacked @TeamUnibot and is stealing the assets of users. As of now, the stolen assets have exceeded $600K. If you use #Unibot, please move your funds to other wallets or revoke approvals of the contract as soon as possible. 0x126c9FbaB3A2FCA24eDfd17322E71a5e36E91865 pic.twitter.com/ioObZ3WAyR — Lookonchain (@lookonchain) October 31, 2023 According to a post on X by on-chain analyst Lookonchain, a hacker targeted and drained assets from Unibot user wallets. Lookonchain warned Unibot users to immediately move any remaining funds to new wallets and revoke contract appr...

In the constantly evolving realm of crypto currencies, Shiba Inu (SHIB) has once again demonstrated its commitment to innovation. Over the weekend, the Shiba Inu development team made a significant announcement that reverberated throughout the crypto currency community. They introduced a 72-hour countdown for the launch of their distinctive self-custodial identity for Shiba Inu. This revelation closely followed the recent introduction of Shibarium, a layer 2 scaling solution designed to enhance the capabilities of the SHIB crypto currency. With this latest revelation, Shiba Inu is positioned to redefine the landscape of blockchain technology. According to the official statement, the self-custodial identity initiative is described as a “game changer.” The Shiba Inu team firmly believes that it will bring about a “monumental shift in the blockchain world.” These bold statements have ignited the enthusiasm of the Shiba Inu community, affectionately known as the ...

Phantom’s Camera Mint feature introduces a tool for creating NFTs directly on mobile devices, presenting both opportunities and challenges in the evolving landscape of digital collectibles. Phantom’s recent introduction of the Camera Mint feature enables mobile users to create NFTs with ease. While the tool democratizes access to blockchain technology, it also introduces a series of challenges and considerations that users must make. Don’t just collect NFTs… CREATE them. With Camera Mint on Phantom mobile, instantly turn photos and videos into @solana NFTs you can save forever. pic.twitter.com/4Ei0LpdKUI — Phantom (@phantom) October 30, 2023 One of the feature ’s main selling points is its user-friendliness, designed to attract a wide audience to the world of NFTs. Users can quickly transform personal moments into digital assets, a process that once required a more comprehensive understanding of blockchain technology. However, this ease of access has potential drawbacks, ...

Bitrace disclosed that counterfeit wallet apps downloaded through search engines is a leading cause of cryptocurrency losses. Search engine phishing links and fake wallet apps mimic legitimate ones, putting users at risk. Malicious backdoors in messaging platforms like Telegram redirect crypto funds. The prominent blockchain security firm Bitrace has disclosed that the proliferation of counterfeit wallet apps downloaded through search engines is a leading cause of cryptocurrency losses. The firm revealed this finding in a recent report underscoring the “disappearing coin” phenomenon, which crypto investors often lamented. Bitrace argued that search engines provide a thriving environment for spreading deceptive websites, with fraudulent actors employing search engine optimization (SEO) and search engine marketing (SEM) techniques to propagate phishing links. It was noted that when users conduct search es using specific keywords, they may unwittingly click ...

Gabor Gurbacs, a VanEck adviser, believes that El Salvador’s pro-Bitcoin approach might pave the way for it to become the “Singapore of the Americas.” El Salvador, the world’s first country to embrace Bitcoin (BTC) as legal tender, has sparked mixed reactions globally. While some view this move with excitement, others remain skeptical.  Gurbacs anticipates a surge in investment capital and immigration that will drive El Salvador’s economic growth in the coming years. He envisions El Salvador mirroring the success story of Singapore by embracing Bitcoin as a legal tender, leading to an influx of capital and people.  I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas. I expect continued increase in immigration to, capital investment in and overall growth in El Salvador. https://t.co/CmT554x12j — Gabor Gurbacs (@gaborgurbacs) October 28, 2023 This economic transformat...

The cryptocurrency market is known for its volatility and ever-changing landscape. As invest ors seek more stable options, the recent retreat of Bitcoin SV ($BSV) raises questions about which crypto to buy today for the long term.  Let’s explore the current state of Bitcoin SV and examine whether Solana ($SOL), InQubeta ($QUBE), and Aptos ($APT) present more stable investment prospects.  Bitcoin SV Starts to Retreat Top crypto for beginners like Bitcoin SV ($BSV) often has big price ups and downs. On October 22, Bitcoin SV’s price dropped by 6.10% against the US Dollar and 6.67% against Bitcoin. These figures are worse than the performance of the cryptocurrency market as a whole, which only dipped by 1.91%.  It’s important to look at these movements over a longer period. Bitcoin SV increased by an impressive 72.10% last August – showing it has potential in the medium term – and by 45.77% over the past three month...

FTX founder Sam Bankman-Fried testified before Judge Kaplan and a jury in a New York federal court claiming his team sometimes made decisions out of his purview and against his instructions. Following a fraught mock testimony for Bankman-Fried, Judge Lewis A. Kaplan of the Southern District of New York ruled to allow FTX’s data retention policy during cross-examination.  The policy was supposedly drafted by the defendant’s general counsel Daniel Friedberg and speaks to the Signal auto-delete feature used by Bankman-Fried’s companies for internal communications, per InnerCityPress. The FTX founder fielded an advice-of-counsel defense built around shifting blame to his legal representatives at the time. It’s unclear if this strategy will ultimately yield Bankman-Fried a not guilty verdict. VLOG III Oct 27: After Sam Bankman-Fried on stand from 9:30 to 4:30, passing the buck to Caroline and dissing the (KC) Royals. Inner City Presss live tweeted, here: https://t.co/1xkZg...

Oct 27, 2023 at 08:08 // Price Author Coin Idol The latest price Analysis by Coinidol.com report, Ripple (XRP) returns after reaching the overbought level at $0.58. XRP price long-term forecast: bullish The long wick of the candle indicates significant selling pressure in the overbought zone of the market. Nevertheless, further XRP gains are speculative. As a result, the cryptocurrency value is bearish. At the time of writing, XRP/USD is trading at $0.55087. If the bears drop below the $0.55 support, the altcoin could fall back to the previous range zone...

In the realm of content creation, three critical elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity delves into the intricacy of the text, assessing its depth and complexity. Burstiness, on the other hand, examines the ebbs and flows in sentence structure, ranging from lengthy, intricate sentences to shorter, concise ones. Lastly, predictability gauges the likelihood of a reader anticipating the next sentence. Humans often infuse their writing with dynamic bursts of complexity, keeping predictability at bay. In contrast, AI-generated content frequently adheres to a more uniform pattern. Now, as we embark on the journey of crafting the following content, we aim to infuse it with a rich tapestry of perplexity and burstiness while ensuring predictability takes a back seat. It’s essential to note that we must adhere to the English language for this endeavor. Original Text Rewritten: On Monday, a surge in Bitcoin...

Shibarium’s transaction volume skyrockets by 493% in a single day, marking key milestones for the Shiba Inu ecosystem. Shibarium, the blockchain associated with the popular meme token Shiba Inu (SHIB)—has recorded a massive uptick in transactions . Within a single day, the platform has seen its transaction count escalate by 493%, jumping from 12,690 to an overwhelming 62,570.  Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, indicated on Tuesday in a Telegram group that the blockchain will explode with activity in the coming days as the crypto market rallies. Transactions on Shibarium have been increasing throughout October, but today marked a record surge for the network.  According to Shytoshi #Shibarium is about to explode with activity.. pic.twitter.com/hA4mmnGBmv — ShibariumGem (@Shibariumgem) October 24, 2023 This remarkable increase, the largest since its full operational status in August, has elevated the total transactions on...

The world’s largest independent cryptocurrency data aggregator, CoinGecko, shared its 2023 Q3 Crypto Industry Report, highlighting the updated ranking for top centralized exchanges (CEXs). While Binance leads, KuCoin, the self-proclaimed “people’s exchange,” was edged out of the previous top 10 rankings. Binance still leads According to the Oct. 26 tweet, the top 10 CEXs by trading volume include Binance with a report ed 43.9 percent of total volume, Upbit with 11.5 percent, HTX with 7.8 percent and Coinbase at 6.8 percent. Top 10 CEX by Trading Volume 1. #Binance – 43.9% 2. #Upbit – 11.5% 3. #HTX – 7.8% 4. #Coinbase – 6.8% 5. #Bybit – 6.7% 6. #OKX – 6.0% 7. #MEXC – 5.0% 8. #Gateio – 4.7% 9. #Bitget – 3.9% 10. #Kraken – 3.8% — CoinGecko (@coingecko) October 26, 2023 Despite Binance continuing to lead the DEX rankings in the interim, it is worth noting that the exchange has a number of hurdl...

In the realm of content composition, three key elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness explores the diversity in sentence structures. Lastly, predictability concerns how likely it is for a reader to anticipate the following sentence. Humans often compose content with more burstiness, combining longer, complex sentences with shorter ones, thus creating an engaging narrative. In contrast, AI-generated text tends to be more uniform. For the task at hand, crafting the forthcoming content necessitates a substantial level of perplexity and burstiness, with minimal predictability. Furthermore, the content should be in English. Now, let’s rephrase the given text: Former CEO of FTX, Sam Bankman-Fried, is preparing to engage a financial expert to challenge the testimonies presented by Caroline Ellison, Gary Wang, Nishad Singh, and Adam Yedidia. The legal tea...

Victoria, Seychelles, October 25th, 2023, Chainwire Bitget, a leading cryptocurrency exchange and copy trading platform, is thrilled to announce the platform is one of the first centralized exchange s to list the Tottenham Hotspur Fan Token (SPURS) in the Innovation Zone and Fan Token Zone. The SPURS token is the official fan token of Tottenham Hotspur football club – England-based Premier League football club. Developed in collaboration with Chiliz, the token has received official authorization and offers fans a unique opportunity to engage with their favorite football club in an innovative way. The Tottenham Hotspur Fan Token (SPURS) is part of the growing trend of fan tokens in the sports industry. It allows fans to participate in club-related activities, decision-making processes, and exclusive fan experiences. The SPURS token is deployed on the Chiliz blockchain, ensuring transparency, security, and seamless transactions for users...

Greed dominated the overall crypto currency market sentiment in the last few weeks, with Bitcoin (BTC) and altcoins registering significant gains. Meanwhile, three crypto currencies are leading as the best performers for the week against other top-100 assets by market cap. These 3 top-100 cryptos are Mina (MINA), Pepe (PEPE), and Injective (INJ). With accumulated gains in the week of 77.51%, 60.46%, and 53.97%, respectively, according to CoinMarketCap ‘s top gainer’s index on October 25. Notably, their 24-hour volume is proportional to the price increase, with Mina registering $888.53 million, Pepe $281.53 million, and Injective carving $149.79 million of tokens changing hands in the last day. Interestingly, INJ has the highest market capitalization among the top 3 gainers of the week, in the 44th position on CoinMarketCap. The token MINA is the second-largest, ranked 60th, while PEPE has the 84th rank by market cap. Top gainers of the week among the top 100 cryptocurrencies...

The memecoin Pepe (PEPE) has outperformed rival tokens such as Shiba Inu (SHIB) and Dogecoin (DOGE) in the weekly charts. In the last seven days, the frog-themed coin has surged by 49%, while SHIB has risen by 12%. DOGE, on the other hand, has rallied by 12.4% in the same time frame. Moreover, PEPE has rallied 44.9% in the last 14 days and 37.9% over the previous month. Also Read: Shiba Inu: AI Predicts SHIB Price For October 31, 2023 Source: CoinGecko The memecoin also hit a 24-hour trading volume of $455 million. Additionally, developers announced the burn of 6.9 trillion $PEPE tokens from the CEX multi-sig wallet. The massive burns may have had a hand in $PEPE’s recent surge. However, the biggest market mover right now is Bitcoin (BTC). BTC hit a new yearly high of $34k, pulling the entire crypto market. BTC’s price surge is probably due to the anticipation of a spot BTC ETF (exchange-traded fund) approval in the U.S. Moreover, BTC is approaching its next halvi...

BlackRock’s spot Bitcoin ETF is no longer listed on the Depository Trust and Clearing Corporation (DTCC) website , as Bitcoin rallied to $35,000 and traders speculated on an imminent regulatory nod for such products. The iShares Bitcoin Trust under the ticker IBTC was delisted from the DTCC’s official platform following its surprise listing on Oct. 24. DTCC is the clearing agency for the NASDAQ and appearing on its website is procedural when issuing an exchange-traded product or ETF.  The reasons for IBTC’s early listing and swift removal from the DTCCs catalog are largely unclear at this time. ETF analysts noted that the initial addition, while an indicator of upcoming approval, was rather ahead of schedule. Oh yeah look at that.. good catch, not totally shocked my guess is they were told to or want to wait until they are days not weeks or months away. As I said yest it was surprising to see it on there — Eric Balchunas (@EricBalchunas) October 24, 2023 Bitcoin (B...

Haru Invest plans to temporarily shut down servers due to high maintenance costs and store data for potential future use. CEO Hugo Lee aims to restore user assets and ensure fair distribution as part of the bankruptcy reorganization. Haru Invest intends to prioritize assets recovered from the asset management company for distribution. South Korean digital asset management platform Haru Invest announced it will temporarily shut down its servers in the coming weeks as it seeks to cut costs amid ongoing bankruptcy restructuring. According to Chinese journalist Colin Wu, Haru Invest said maintaining its servers represents the company’s largest fixed operating expense. By preserving data but powering down servers, Haru aims to reduce expenses while determining next steps. 吴说获悉，Haru Invest 发布公告称，考虑到服务器维护成本是最大的固定成本，计划在未来几周内暂时关闭服务器，同时保存并存储所有相关数据，并在资产分配时决定是否重新启动服务器。此前，Haru Invest CEO Hugo Lee… — 吴说区块链 (@wublockchain12) October 24, 2023 Haru Invest...

Uniswap CEO Hayden Adams burned 99% of the total HayCoin supply, sending its price to an all-time high of $4,532,822. After reaching $4.5 million, HayCoin currently trades at $3.5 million. Adams emphasized that he has no future involvement with the token, discouraging speculation about it. Hayden Adams, creator and CEO of Uniswap, burned 99% of the total HayCoin (HAY) supply, leading the coin to reach its all-time high of $4,532,822 on October 22. According to CoinGecko, the price of HayCoin saw an unprecedented surge, reaching $4 million in a few days. However, the price of the token plummeted in the following hours. At the time of writing, the token was trading at $3,501,672. Moreover, HayCoin’s current market cap is $199,742,217. HayCoin 7-Day Price Chart, Source: CoinGecko While the twenty-four hour volume of the token was $6,851,166, that’s a 13.6% decrease from the previous day. This decrease could be a sign that the traders are planning to hold the ...