Crypto News
Why Bitcoin’s Biggest Meme Coin Just Bridged Over to Solana
The creator of DOG says the token’s expansion to Solana is proof of Bitcoin’s influence, not a sign that the network’s fledgling meme coin ecosystem is failing.Source link
Survey: 62% of FTX Creditors Flock to Solana Amid Reimbursement
A survey of FTX creditors reveals a strong inclination to reinvest their repayments in cryptocurrencies, with solana (SOL) being the most popular choice. FTX Creditors’ Love Affair With Solana A new survey found that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with 29% of the reimbursed funds allocated for this purpose.Source link
Safemoon’s Former CTO Pleads Guilty to Fraud
The guilty plea is the latest development in one of crypto’s most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas “Papa” Smith used to be the chief technology officer at Safemoon, an $8 billion decentralized finance (DeFi) project that went bankrupt inSource link
Crypto Exchanges Start to Fill Bybit’s $1.4B Hole as Hackers Move Stolen Funds
Crypto exchange Bitget has transferred 40,000 ether (ETH), worth $105 million, to Bybit, offering crucial support to its industry counterpart in the wake of the over billion-dollar hack suffered by the exchange.The funds transferred are from Bitget's own reserves, not user deposits, which remain securely stored on the platform and can be cross checked through the proof of reserves, the exchange's CEO, Gracy Chen, said in a note shared with CoinDesk, while assuring more support if needed."At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto," Chen said.A suspected North Korean entity drained approximately $1.4 billion in ether from Bybit on Friday. The hack prompted an unprecedented wave of withdrawal requests from users,...
Bitcoin and Ether ETFs Debut on ASX as Betashares Partners With Bitwise
The launch of bitcoin and ether ETFs on the Australian Securities Exchange (ASX) by Betashares provides Australian investors with a regulated and accessible way to gain exposure to digital assets. Betashares Expands Crypto Offerings With Bitcoin and Ethereum ETFs in Australia Betashares has officially launched its bitcoin and ether ETFs on the Australian Securities ExchangeSource link