EP 17 CoinEx Loses $31 Million, Fake Trades Flood Decentralized Exchanges, AND PayPal's BIG Move in US Crypto Space – Find Out More!
Cryptolog Newscast13 Syys 2023

EP 17 CoinEx Loses $31 Million, Fake Trades Flood Decentralized Exchanges, AND PayPal's BIG Move in US Crypto Space – Find Out More!

PayPal's New MetaMask Move: PayPal, the renowned payment platform, has unveiled a new feature that empowers US users to liquidate cryptocurrencies through the MetaMask wallet. This move simplifies the conversion of major digital currencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin directly into USD. This expansion is the latest in PayPal’s journey in the crypto space, having initiated cryptocurrency purchases in 2020 and partnering with hardware wallet leader, Ledger, in May 2023.

Decentralized Exchanges' Dubious Activity: An alarming revelation from Solidus Labs highlights that ethereum-based decentralized exchanges (DEXs) have witnessed wash trades amounting to $2 billion since September 2020. This fraudulent activity, which manipulates market prices, is rampant on DEXs primarily due to lax regulations and anonymity. With concerns mounting about the security of DEXs and the authenticity of the crypto market, calls for stricter regulations and anti-fraudulent measures are growing.

CoinEx's Distressing Breach: CoinEx, a notable cryptocurrency exchange, has confirmed a disconcerting breach where cyber miscreants pilfered around $31 million in cryptocurrency. Although the company pledges to compensate affected users fully, this incident casts shadows over the crypto security landscape, especially with the rising trend of attacks on cryptocurrency platforms. Reports connect some of these attacks to North Korea's Lazarus hacking group, pointing to the nation's increasing cyber threat in the domain.

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Episode 27: "Meme Kombat Madness, XRP's Rise, and Alameda's Alleged Blunder"

Episode 27: "Meme Kombat Madness, XRP's Rise, and Alameda's Alleged Blunder"

Summary: Hong Kong Cryptocurrency Firm Mixin Hacked for US$200 Million Mixin, a Hong Kong-based crypto firm, suffered a hack resulting in a loss of US$200 million, marking the largest crypto hack ...

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Episode 26: "Coinbase's Satoshi Stash, Jailhouse Miners, and the Bitcoin Spark-tacular!"

Episode 26: "Coinbase's Satoshi Stash, Jailhouse Miners, and the Bitcoin Spark-tacular!"

Coinbase, a leading U.S. cryptocurrency exchange, boasts Bitcoin reserves nearing $25 billion, rivaling the holdings of Bitcoin's enigmatic founder, Satoshi Nakamoto. This positions Coinbase as a domi...

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Episode 25 - AI, Doge, and Digital Decadence: Navigating Stocks, Crypto, and Luxury's New Era

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The intersections of AI, cryptocurrency, and luxury are reshaping our world. As AI stocks promise a prosperous future, the unpredictable twists of the cryptocurrency market keep us on our toes. Meanwh...

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Episode 24: Nigeria's Ascent, Bitcoin BSC's Buzz, and Tales of Triumph & Deceit

Episode 24: Nigeria's Ascent, Bitcoin BSC's Buzz, and Tales of Triumph & Deceit

The cryptocurrency domain is a mix of potential and pitfalls. Nigeria is emerging as a crypto leader, driven by its youthful population and economic challenges. Bitcoin BSC, a new affordable crypto to...

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Ep 23 - Digital Frontiers: Bitcoin's Ascent, NFT Innovations, and Crypto Controversies

Ep 23 - Digital Frontiers: Bitcoin's Ascent, NFT Innovations, and Crypto Controversies

In this week's crypto roundup: Bitcoin's Bullish Outlook: A new report from Matrixport suggests Bitcoin is set for a significant rally in Q4 2023, potentially reaching $37,000 by year-end. Factors l...

21 Syys 202312min

Ep 22 - Crypto Turbulence: SEC Warnings, Bitcoin's ETF Boom, and Hidden Altcoin Gems

Ep 22 - Crypto Turbulence: SEC Warnings, Bitcoin's ETF Boom, and Hidden Altcoin Gems

The U.S. Securities and Exchange Commission (SEC) is intensifying its enforcement actions against crypto exchanges and decentralized finance (DeFi) platforms. David Hirsch from the SEC stressed that t...

20 Syys 202313min

Ep 21 - Mining Booms, JPEX Jolts, October Speculations, and Crypto's Canadian Conquest: Today's Digital Rundown

Ep 21 - Mining Booms, JPEX Jolts, October Speculations, and Crypto's Canadian Conquest: Today's Digital Rundown

Hello and welcome back to the 'Cryptolog Daily Newscast,' your go-to place for the latest in the cryptocurrency sphere. I'm your guide through this digital frontier, Jess. Today, we're diving into the...

18 Syys 202311min

Ep 20 - Tesla's Bitcoin Green Light, Cuban's Costly Lesson, and Solana's Sell-Off: Today in Crypto

Ep 20 - Tesla's Bitcoin Green Light, Cuban's Costly Lesson, and Solana's Sell-Off: Today in Crypto

Cryptocurrency Updates & Warnings Tesla's Bitcoin Move: Tesla is set to accept Bitcoin payments again as sustainable practices now constitute half of the cryptocurrency's mining. The company maintai...

18 Syys 202310min