Category Archives: Cryptocurrency News

On Binance.US, the bitcoin rate collapsed to $ 8,200 due to an error in the trading algorithm

Yesterday, on the site of the American division of the Binance exchange, the BTC rate collapsed to $ 8,200. Binance.US reported that the reason was an error in the algorithm for institutional clients. On Thursday, October 21, at about 14:30 Moscow time on the Binance.US trading platform, the bitcoin rate paired with the US dollar in a few seconds fell from $ 65,760 to $ 8,200. The decline was also recorded on other sites, but…

Research: open interest in bitcoin futures returns to record levels

According to data from analytical website Bybt, the aggregate open interest in Bitcoin futures contracts on major exchanges is $ 27.2 billion. This is slightly less than the figure fixed in mid-April – $ 27.38 billion. The growth of open interest in futures for bitcoin occurs against the background of the rise in the bitcoin rate to $ 66-67 thousand. An increase in open interest signals an increase in liquidity in the market, which is…

Sophos Announces New CryptoRom Scam

Cybersecurity firm Sophos has alerted iOS users to the rise of victims of a new type of cryptocurrency scam, CryptoRom. Sophos experts report that a new type of scam is when attackers use a dating site to convince a user to install a fake cryptocurrency trading application, and then offer to invest money in various financial projects. In order for the victim to trust the scammers and invest large amounts, she is paid a small…

A schoolboy stole $ 340,000 worth of ETH from the Creature Toadz project and returned it

The reputation of the Creature Toadz team suffered even before the launch of the platform due to a young cybercriminal who hacked the project’s Discord account. Before launch, the Creature Toadz project, which specializes in producing NFTs, was subjected to a cyber attack. The hacker hacked the team’s Discord account and tricked the project participants into sending over 88 ETH (about $ 340,000) to their wallet. The attacker introduced himself as a moderator and posted…

What are atomic swaps and how are they applied?

Atomic swaps are a mechanism for enabling true P2P trading of cryptoassets directly through the blockchain. How do atomic swaps work and what is the future of this technology? Atomic swaps are automatic contracts for exchanging cryptoassets between blockchains. The mechanism of smart contracts completely eliminates the need for centralized third-party organizations (exchanges or exchangers) when making transactions and frees the counterparty from risk. This is one of the few truly decentralized methods of conducting…

Bitcoin Price Freeze Disabled in Chivo Wallet

In El Salvador, speculators took advantage of the fact that the Chivo wallet was displaying the price of bitcoin in a non-real time to cash in on arbitrage. Therefore, the price freeze function was disabled. According to a post on Chivo’s official Twitter account, wallet users will not be able to see the recommended price for trades made using the price freeze function. Thanks to this feature, the user can save the bitcoin price for…

Grayscale plans to convert  trust fund to Bitcoin on ETF

In light of the US Securities and Exchange Commission (SEC) approval of the Bitcoin futures ETF, asset management firm Grayscale Investments is set to enter a new market. The CEO of Digital Currency Group, Grayscale’s parent company, Barry Silbert, said the company is considering transforming its Bitcoin Trust into an ETF for Bitcoin. When asked when the company plans to launch Bitcoin ETFs, Silbert evasively replied, “Stay tuned.” Investors in the Grayscale Bitcoin Trust, however,…

Bitcoin mixers: a way to launder money or a means of self-defense?

The first bitcoin mixers appeared at the dawn of the industry. Who uses them today and how do coin mixing services keep privacy? It is generally accepted that Bitcoin is distinguished from fiat money by anonymity and decentralization. But this is not entirely correct. All transaction data is stored and displayed in the blockchain ledger, which makes it possible to track the path of each coin to its final storage location. In addition, there are…

Bakkt launches an IPO on the largest US stock exchange

Cryptocurrency company Bakkt, which specializes in organizing Bitcoin futures trading, will list shares on the New York Stock Exchange on Monday. Bakkt Holdings announced in a press release that on Monday, October 18, it will list its shares on the New York Stock Exchange (NYSE). Thus, Bakkt will join the ranks of cryptocurrency companies whose securities are traded on traditional stock exchanges. Bakkt’s Class A shares and warrants will be listed on the New York…

Strike Cryptocurrency Wallet added the function of converting salaries to bitcoins

In different countries, more and more employees want to receive a salary in cryptocurrency. Strike, a developer of solutions for the governments of El Salvador and Tonga, has added the ability to convert salaries to bitcoins to the wallet. Cryptocurrency company Strike announced the launch of the Pay Me in Bitcoin service in its wallet, which will allow users to directly convert their salary or part of it into bitcoins. The owner of the wallet…