This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
Share Dialog
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Crypto.com is in the news again for another blunder of sending assets to the wrong address, something they’ve been doing alot of lately. This time, they sent 320K ETH to Gate.io, a DeFi protocol, which represented 82% of Crypto.com’s ETH holding at the time of this writing. Gate.io returned 285K ETH back, and after analysis, they confirmed that was the only amount sent to that particular address. On-chain data shows the 35K missing to have been sent to another address on top of that.
Wow. All I can say is someone’s going to get fired for that. If that amount ended up in a private dormant wallet, there would be ZERO chance of getting it back, so Crypto.com should thank their lucky stars. Also, how did they did they manage to do this again? Crypto.com seems to be like “The Three Stooges” of CEX’s.
Written by: nikethereum.eth / Medium / Mirror
Crypto.com is in the news again for another blunder of sending assets to the wrong address, something they’ve been doing alot of lately. This time, they sent 320K ETH to Gate.io, a DeFi protocol, which represented 82% of Crypto.com’s ETH holding at the time of this writing. Gate.io returned 285K ETH back, and after analysis, they confirmed that was the only amount sent to that particular address. On-chain data shows the 35K missing to have been sent to another address on top of that.
Wow. All I can say is someone’s going to get fired for that. If that amount ended up in a private dormant wallet, there would be ZERO chance of getting it back, so Crypto.com should thank their lucky stars. Also, how did they did they manage to do this again? Crypto.com seems to be like “The Three Stooges” of CEX’s.
Written by: nikethereum.eth / Medium / Mirror
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