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In response to a request from BitDAO, principal trading firm Alameda Research has provided proof of funds. The DAO called for it on Tuesday due to concerns that Alameda may have had a hand in the BIT token’s unexpected plunge. This is the latest development in an ongoing debacle the Sam Bankman-Fried-led firm appears involved in.  Alameda and BitDAO Swap Agreement In November last year, BitDAO and Alameda entered an agreement that saw them exchange 100M BIT tokens and 3362315…

The U.K bank Santander will prevent its customers from sending real-time transfers to cryptocurrency exchanges starting next year.  The prohibition aims to protect customers from scams and fraud, as well as the general risks associated with crypto investing.  Banks Blocking Bitcoin Purchases? In a notice published to its website on Friday, Santander said that certain new limits would be imposed starting next week. These include a £1,000 limit per transaction when using online or mobile banking, and a £3000 limit…

Per Etherscan data, the culprit behind last week’s $28M attack on exchange platform Deribit is transferring the funds via crypto mixer Tornado Cash. Hacker Transfers Part Loot in 17 Operations So far, the Deribit attacker has moved 1,610 Ethereum tokens, over 2.5 million USD at ETH’s current prices.  The hacker processed the move in 17 transactions, sixteen 100 ETH transfers, and 10 ETH later on. The first dates back to November 5, roughly 2 days after the breach took place. Notably,…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1.057 trillion. Bitcoin is up by almost 3% following another successful week. Ethereum gained almost 2% over the past seven days. XRP increased by nearly 6% this past week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector increased the total value protocols (TVL) to around $56 billion.…

In a recent Twitter post, global cloud service provider Google Cloud revealed an integration with the Solana blockchain network.  The tweet, addressed to Solana co-founder Anatoly Yakovenko began: “Should we tell our followers the big news?” https://twitter.com/googlecloud/status/1588912775291609093?s=20&t=RMi6Zv8Bh8PgTolVuYEgQA Solana’s Latest Validator The platform followed the tweet with another one hour later, explaining exactly what they had accomplished. It appears Google Cloud now plays a key role in the Solana network. The follow-up post announced: Now that we got your attention... check…

Binance notoriously devoted $500 million to support Elon Musk’s buyout of Twitter, after the billionaire announced his offer in April.  The company’s CEO, Changpeng Zhao (CZ), has now provided a summary of its 6 primary reasons for doing so.  Binance Supports Free Speech According to a Twitter thread from CZ on Friday, Binance’s foremost reason for supporting the buyout is its support for freedom of speech.  “Twitter is the global Townsquare. From singers/athletes/movie stars to politicians/CEOs/entrepreneurs, the crypto community, and…

America’s largest crypto exchange, Coinbase, has unveiled its Q3 2022 earnings report – and the results are a bit jumbled. While the firm had a roughly $300 million drop in expenses from last quarter, the company’s total revenue also fell by 24%. Slow Trading Season for Coinbase The third quarter shareholder letter showed transaction revenue at $366 million, taking a substantial 44% slash versus Q2. Meanwhile, total trading volume on the platform fell about 27%, from $217 billion to $159…

Instagram Influencer Jay Mazini has pled guilty to stealing $2.5 million in Bitcoin from his victims in one of multiple giveaway scams. The influencer – whose official name is Jebara Igbara – faces up to 20 years in prison for his crimes. As the Department of Justice (DOJ) announced on Wednesday, Mazini has specifically pled guilty to wire fraud, wire fraud conspiracy and money laundering. Mazini was known for social media stunts like giving away large amounts of cash to…

Meta has now confirmed support for Solana and Polygon NFTs, including the ability to make and sell digital collectibles. Their support spans both Facebook and Instagram, where users can showcase their NFTs across both platforms.  Meta confirmed the news in a tweet on Wednesday, followed by similar announcements from Solana and Polygon.  “Soon you’ll be able to make and sell NFTs on Instagram, starting with Polygon,” said Meta.  According to Polygon, the ability to mint and sell NFTs on the…