The DOJ arrested and charged two people on May 15 for the $25 million MEV exploit on the Ethereum blockchain.The defendants, brothers Anton and James Pepaire-Bueno, were each charged with conspiracy, wire fraud and money laundering, which could result in up to 20 years in prison.offensive lineThe defendants’ scheme focuses on Ethereum’s Maximum Extractable Value (MEV), specifically the MEV-Boost software used by many Ethereum validators to optimize transactions as searchers use MEV bots to find profitable arbitration opportunities. Several customized steps were included.First, the defendants allegedly established Ethereum validators and concealed their identities through various tactics. After establishing the network,…
Author: Crypto Flexs
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Bitcoin hit $66,000 on May 16 after U.S. macro data sparked a surge in risk assets.BTC/USD 1-hour chart. Source: TradingViewBTC price rise returns mixed reactionsData from Cointelegraph Markets Pro and TradingView followed the BTC price action as bulls attempted to take gains of 7.5% from the previous day.This comes as the Consumer Price Index (CPI) in April significantly exceeded expectations, sparking predictions that financial conditions for cryptocurrency and risky assets will ease.Source: TedtalksmacroSome immediate reactions were skeptical, with market observers pointing to the rapidly increasing open interest as one of several signs that Bitcoin’s movement may be unsustainable.Popular Trader Credible…
TON has earned over 160% more than BTC so far. TON also saw more activity in some on-chain metrics. Toncoin (TON) has emerged as the only layer 1 network that can effectively compete with Bitcoin (BTC) since the beginning of this year. TON has outpaced BTC by over 160% and boasts a greater number of active addresses. Despite these achievements, traders appear to lack confidence in TON as sentiment surrounding the coin turns negative. Toncoin is up more than 100% compared to Bitcoin. AMBCrypto’s analysis of Bitcoin and Toncoin price trends shows that Toncoin has surpassed BTC in terms of…
Oklahoma has become the first state in the country to pass comprehensive laws protecting the rights of citizens to self-manage digital assets and engage in cryptocurrency mining activities. Governor Kevin Stitt signed HB3594, the ‘Bitcoin Rights’ bill, on Monday, establishing a legal framework for blockchain technology and digital assets in the state. TLDR Oklahoma has become the first state in the country to pass a law protecting the right to self-manage Bitcoin and other digital assets using hardware wallets. The new law prohibits states from banning or restricting the use of cryptocurrencies to purchase legitimate goods and services. Home digital…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. While experts predict Solana and Filecoin prices will decline by the end of May, Miley Moneda’s pre-sale is attracting investors seeking significant returns. With the recent market challenges faced by Solana (SOL) and Filecoin (FIL), their communities are increasingly looking elsewhere for revenue opportunities. Meanwhile, the pre-sale of Milei Moneda (MEDA) is attracting significant interest from holders of these tokens, as the prospects for doubling down on their investment on MEDA’s listing seem more favorable. Solana’s growth stagnates as…
Posted 1 minute ago In ~ The Chicago Mercantile Exchange (CME) Group plans to launch Bitcoin spot trading in addition to its existing futures products, the Financial Times reported, citing people familiar with the matter.The group has reportedly been holding discussions with traders who prefer to trade cryptocurrencies on regulated platforms. According to the report, this plan has not yet been finalized.The FT report added that once Bitcoin spot trading begins on the CME, traders could profit from so-called basis trading, which allows them to profit by exploiting the difference between the futures price and the spot price of the…
May 13th Bitfinex Securities: Raising Capital for First Hotel at El Salvador International Airport Post time: 11:39h announcement Posted by Tammy April 11, 2024, Bitfinex Securities – Leading stock trading platform officially launches token bond issuance project for hotel construction Hampton by Hilton new international airport Messiah. This is the first project implemented by Bitfinex Securities El Salvador after becoming the first unit licensed to operate under El Salvador’s Digital Asset Securities Act. This project will feature a 5-story building with a total area of 4,484 m2, with convenience facilities such as 80 guest rooms, 5 commercial spaces, a swimming…
Fintech giant Mastercard announced on May 15 that it has added five new startups to its Start Path blockchain and digital asset program. The Start Path Blockchain and Digital Asset Program is a fintech accelerator program focused on “exploring future use cases to scale new solutions with startups around the world.” Participants in the program include cryptocurrency payment and card issuer Kulipa, blockchain software company Parafin, decentralized physical infrastructure network (DePin) company Peaq, data platform Triangle, and blockchain developer Venly. In a press release, Mastercard emphasized that this part of the program will focus on use cases and testing to…
I was woken up by a call from Vitalik at 5:55 this morning. It was pitch dark outside, and the night was still ahead of us. Nonetheless, it was time to leave and this week it was best to start off on the right foot. The 25-minute walk in the dark from Zug-based headquarters to the train station was a wet one. The streetlights reflecting off the puddles of the clean Swiss streets provided a quiet yet picturesque village parade. I couldn’t help but think that the rain streaming down my face was a very fluid sign of the impending…
Binance Adjusts Tick Size for Spot Trading Pairs To increase market liquidity and improve the overall trading experience, leading cryptocurrency exchange Binance has announced adjustments to the tick size (minimum change in unit price) for certain spot trading pairs. These changes are scheduled to be completed by 05:00 UTC and 07:00 UTC on May 23, 2024. More information about the tick sizes for all spot trading pairs on Binance can be found in the platform’s trading rules. Impact of Coordination Importantly, the adjustment does not affect spot trading and other related functions. API users can…