Cryptocurrency news by Protos

Cointelegraph owner Gregory Fishman claims that Maps and Oxygen CEO Alex Grebnev stole funds and ideas relating to the two projects.

Listen to this article to find out more.

https://protos.com/cointelegraph-owner-sues-founder-of-sam-coins-maps-and-oxygen/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Ordinals, the latest incarnation of NFTs on Bitcoin since Counterparty’s Rare Pepes and operation code easter eggs, have catapulted into the industry. Although Ethereum still outranks all other blockchains in NFT transaction volume, Bitcoin has suddenly become the world’s second most popular blockchain for NFTs.

Listen to this article to discover why bitcoin-oriented NFTs have become so popular and to learn the history behind them.

https://protos.com/bitcoin-suddenly-becomes-second-biggest-nft-blockchain/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

During a glitch-plagued Twitter Space yesterday evening, US presidential candidate and Bitcoin fan Ron De Santis came out against central bank digital currencies, calling their introduction “a massive transfer of power from individual consumers to a central authority.”

De Santis used the Space, hosted by Elon Musk and David Sacks, to announce his presidential nomination for the Republican Party. De Santis will now battle former president Donald Trump for the Republican nomination.

Listen to the article to discover how, the far-from-perfect Twitter space, went down.

https://protos.com/white-house-hopeful-de-santis-sticks-it-to-cbdcs-in-campaign-launch/

F...

Worries about the stability of Multichain and its total value locked of $1.5 billion, sparked a major sell-off of the project’s token, MULTI, yesterday.

Listen to the article to find out what caused the exodus of MULTI holders.

https://protos.com/rumors-prompt-panic-over-1-5b-blockchain-bridge-multichain/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Terraform Labs co-founder Do Kwon has had his request for bail revoked despite paying a bail sum of €400,000 euros ($429,000) last week. Instead, Do Kwon will remain in custody as he faces charges of fabricating official documents in Montenegro.

Listen to this article to discover why Do Kwon has been kept in detention.

https://protos.com/do-kwon-jail-stay-extended-despite-already-posting-huge-bail/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Alexander Vinnik, the co-founder of defunct Russian crypto exchange BTC-e, is facing money laundering charges in the US. But according to a report from the Wall Street Journal, he is optimistic about being included in a prisoner swap for captured journalist Evan Gershkovich.

Listen to this article to learn what Vinnik had to say as he is accused of identity theft and money laundering through the operation of BTC-e.

https://protos.com/founder-of-crypto-exchange-btc-e-eyes-prisoner-swap-with-wsj-journalist/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Prot...

The US Attorney’s Office has filed a civil forfeiture action to recover crypto proceeds of a business email compromise fraud scheme that targeted a company in Massachusetts, according to a press release on Tuesday evening.

Listen to this article to discover how perpetrators tricked the company into wiring close to a million dollars before the funds were converted into various cryptocurrencies, from bitcoin to shiba inu.

https://protos.com/us-govt-seeks-to-forfeit-crypto-tied-to-fraud-case/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Elliptic says crypto, primarily bitcoin and tether, is a growing payment method for buying fentanyl chemicals from China-based firms.

https://protos.com/crypto-payments-to-china-chemical-suppliers-fuel-us-fentanyl-epidemic/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

In his latest description of future dystopia, Balaji Srinivasan predicts the government will force Apple and Google to seize crypto assets.

https://protos.com/balajis-latest-prediction-us-govt-will-remotely-seize-crypto/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Ben Armstrong — AKA BitBoy — along with another less-well-known Ben, is damaging crypto’s reputation by shilling useless coins.

https://protos.com/bitboy-and-another-less-famous-ben-are-giving-crypto-a-bad-name/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Binance allegedly commingled client and corporate funds across accounts controlled by Silvergate Bank, according to a new report by Reuters.

https://protos.com/binance-commingled-funds-at-silvergate-reuters/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

The FBI warned US citizens to be wary of fake jobs in Southeast Asia that capture victims and force them into scamming people online.

https://protos.com/fbi-warns-of-fake-jobs-abroad-that-enslave-victims-for-crypto-scams/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

The Bored Ape Yacht Club has fared pretty well compared to most other Ethereum-based NFT projects but it’s still down more than 60%.

https://protos.com/heres-whats-behind-the-fall-of-the-bored-ape-yacht-club/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Safe Holdings has defrauded 30 victims out of their cash through a pyramid scheme claiming to offer advanced crypto trading technology.

https://protos.com/crypto-scam-refused-to-return-10000-to-cancer-patient/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

The Times is publishing an exposé by Andy Verity describing lies and LIBOR collusion by the world’s top central bankers.

https://protos.com/expose-claims-lies-and-libor-collusion-by-central-bankers/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

A chaotic weekend for DeFi as two self-executing governance proposals wrought havoc on Aave and Tornado Cash.

https://protos.com/defi-has-rough-weekend-with-aave-and-tornado-cash-chaos/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

A Twitter user mediated the sale of a stolen NFT back to its owner without realising that this incriminates them, too.

https://protos.com/twitter-user-mediates-resale-of-stolen-bored-ape-nft-incriminates-self/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Bitcoin 2023 marked the end of an era for Miami’s brief affair with the crypto industry. It’s already canceled next year.

Listen to this article to find out about our experience at this years lack lustered Bitcoin conference.

https://protos.com/bitcoin-2023-miami-has-had-enough-and-so-have-we/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Major Genesis creditor Gemini says it’s considering to provide forebearance in order to avoid a default situation.

https://protos.com/dcg-misses-600m-payment-to-genesis-as-gemini-seeks-resolution/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

The Uniswap governance forum is again debating whether to activate the protocol’s ‘fee switch,’ which would finally see it accrue revenue.

https://protos.com/to-fee-or-not-to-fee-that-is-the-question-does-uniswap-have-an-answer/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Bryan Lee has been indicted for his role in the $45 million CoinDeal fraud scheme which saw investor funds used to purchase real estate.

https://protos.com/coindeal-executive-indicted-in-45m-crypto-fraud/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

The son of a former Australian politician has been charged with running a dark web crypto-for-drugs operation.

Listen to this article to discover the scale of his alleged operation, and to find out how police caught him, in the proverbial way, with his hand in the cookie jar.

https://protos.com/son-of-former-aussie-politician-charged-with-trading-crypto-for-drugs/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

The US state of Texas is taking a significant step towards increased transparency and consumer protection in the cryptocurrency industry, as legislation requiring crypto exchanges to maintain reserves moves closer to becoming law awaiting now only the signature of the governor.

Listen to this article to learn how the bill looks to stop crypto firms from commingling user funds.

https://protos.com/texas-proof-of-reserves-crypto-bill-one-step-away-from-becoming-law/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast...

Bitcoin ordinals have officially disrupted the NFT market, with the gap between bitcoin NFT and Ethereum NFT daily volumes getting slimmer by the day.

Listen to this article to find out just how close ordinals are to overpassing the daily volume of Ethereum NFTs.

https://protos.com/bitcoin-ordinals-close-to-flipping-ethereum-nfts-in-daily-volume/

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

On Monday, Andrew Tate, the infamous former kickboxing champion who is now facing charges in Romania for money laundering, organized crime, and human trafficking, made a statement online about his ‘no-shitcoin’ stance, tweeting a video saying he doesn’t endorse them and never will.

But has he really never endorsed them?

Listen to this article to discover the recent shitcoin he claims to have jokingly promoted, and why his 'no-shitcoin' stance isn't what it seems.

https://protos.com/andrew-tate-says-he-doesnt-endorse-shitcoins-but-he-definitely-did/

For more informed news, follow us on Twitter, Instag...

Worldcoin is an “open-source protocol” started by OpenAI founder Sam Altman. It uses metallic orbs to scan irises as a “proof-of-person” and provides those who volunteer their biometric data with 25 Worldcoins — a cryptocurrency that isn’t currently exchangeable for any real-world goods or tradeable on any exchange.

Worldcoin, for lack of a better term, is now suffering from a massive optics problem.

Listen to this article to discover the problems it faces, and why it's unlikely it'll overcome them anytime soon.

For more informed news, follow us on Twitter...

Many believe that Bitcoin users send transactions directly to miners or pool operators. However, things are a little more random than that.

Instead, users generally broadcast transactions essentially at random — in other words, to whichever nodes happen to be connected to them and online at the time.

Listen to this article to find why Bitcoin users don’t send transactions directly to miners in a curious custom unique to the decentralization of the Bitcoin network.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our webs...

The firms behind the three largest stablecoins Tether, Circle, and Paxos have all been lobbying in Washington DC over the past year.

Tether retains FTI Government Affairs through the Law Offices of Michael Jason Lee, Circle retains Invariant, and Paxos retains Mindset Advocacy.

Listen to this article to learn the history behind this lobbying and how much money is being spent.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy...

Tether, the world’s largest stablecoin, has announced its intention to use up to 15% of its profits to purchase additional bitcoin.

As of March 31, the approximately $1.5 billion in bitcoin Tether held was approximately triple the amount of cash in its reserves. This change will presumably exacerbate that difference.

Listen to this article to discover why Tether is making bitcoin investments, despite dwindling cash on hand.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See...

Switzerland’s government will hold a national vote on whether to enshrine the availability of cash in the constitution amid concerns about the rise in digital currency, Bloomberg reported on Wednesday.

A group called the Swiss Freedom Movement collected over 100,000 signatures in support of a plebiscite to safeguard cash at a higher level.

Listen to the article to find out why the government is worried about losing the use of cash.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

British Members of Parliament (MPs) have claimed that crypto has “no intrinsic value and no useful social purpose” while suggesting the space may be better regulated if it’s treated more like gambling. 

The report claims that regulating retail trading and investment activity in unbacked crypto assets (such as bitcoin and ether) as a financial service, will “create a ‘halo’ effect, leading consumers to believe this activity is safe and protected when it is not.”

Listen to the article to discover why MPs believe crypto should be regulated like gambling. 

For more informe...

A judge has denied the Securities and Exchange Commission's (SEC) appeal to prevent the release of documents tied to William Hinman’s Ethereum speech.

The speech involved Hinman stating ether wasn’t a security before, years later, he was found to have a conflict of interest with a pro-Ethereum entity.

The development in Ripple's case against the SEC has sent prices of XRP upwards by 8%. Listen to this article to find out why Ripple benefits from the release of Hinman’s documents.

For more informed news, follow us on Twitter, Instag...

The Securities and Exchange Commission (SEC) has proposed a new rule requiring investment advisors to hold all crypto assets — even non-security crypto assets like bitcoin — with a qualified custodian. Not only will the rule require enhanced bookkeeping and reporting if it goes into effect, but it will centralize large quantities of crypto assets at large companies.

Listen to this article to learn how this might impact the safety of your crypto if a custodian goes bankrupt.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Prot...

A dramatic case of cryptocurrency theft case in Vietnam has come to an end as 16 defendants are sentenced over a plot involving the heist of VNĐ37 billion (approximately $1.5 million) worth of crypto.

The ordeal involved kidnapping and threatening the victim's family with HIV-laden needles.

Listen to the article to discover what started the crypto heist.

Hosted on Acast. See acast.com/privacy for more information.

Hardware wallet maker Ledger is looking to reassure concerned users who are worried that a new firmware update will make their funds “less safe than on MetaMask.”

Critics say the update could expose their details online and break the number one rule of keeping your crypto safe — never type your seed phrase into a connected device.

Listen to this article to learn more about Ledger Recover and why the wallet maker claims that it’s completely risk-free.

For more informed news, follow us on Twitter, Instagram, and Google News or visit ou...

The Securities and Exchange Commission has replied to crypto exchange Coinbase's petition that demanded it outline and adopt new regulations on crypto and digital tokens.

In its petition, initially submitted in July of last year, Coinbase argued that most of the tokens traded on its platform shouldn't be defined as securities. It also wants the SEC to define what tokens are classified as such.

Listen to the article to discover what the Securities and Exchange Commission had to say,

For more informed news, follow us on Twitter, Instagram, and Google News...

Influencer, entrepreneur, and self-help guru Tai Lopez is having a very strange year. The usually loud and self-centered 46-year-old, well known for his videos showcasing his sports cars, mansions, and bookshelves, has gone uncharacteristically quiet on his social media — save for YouTube and Instagram, where he continues to push self-help podcasts and book reviews.

So, what’s going on? Listen to the article to find out how his failing businesses, including a disappointing web3 venture, may be behind it.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our...

Chicago-based trading firm Jump Trading has been accused of manipulating the price of algorithmic 'stablecoin' TerraUSD a year before it collapsed, in a class action lawsuit filed on May 9 -- echoing ongoing investigations by New York federal prosecutors and suspicions from the Securities and Exchange Commission.

Listen to this article to discover what the suit alleges about Jump trading execs, secret agreements with Do Kwon, and a discounted 61.4 million LUNA tokens.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

...

The Ethereum beacon chain recently experienced two periods where finalization was delayed and an inactivity leak began. Although it was still possible to transact on Ethereum during these periods, the blocks were not yet immutable, and could, under certain circumstances, end up reverted.

Listen to this article to discover what may have caused the leak.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

A crypto scammer has stolen more than $15 million in bitcoin, ether, tether, and SHIB by cloning the user interface of popular Hong Kong-based crypto exchange HitBTC.

Listen to the article to find out how the scam, already running for nearly a year, drained user wallets of their crypto.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

A recent controversy involving a South Korean lawmaker’s cryptocurrency holdings has resulted in his resignation from his political party, and subsequent raids on prominent cryptocurrency exchanges Upbit and Bithumb.

Listen to this article to discover why approximately $4.5 million worth of wemix coins has caused the lawmaker to resign.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

A tweet Elon Musk has boosted the sales of the Milady Maker NFT collection, turning a profit for NFT sellers for the first time in months as the NFT dry season drags on.

Listen to this article to learn about the new meme-coin looking to compete against last week's other Pepe meme-coin.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

In the past, Ethereum wasn't a security. This period of classification caused confusion and, eventually, a great deal of controversy, as the former Securities and Exchange Commission director was found to have a financial conflict of interest from a pro-Ethereum entity at the time.

Listen to this article to find out why the SEC never classified ether as a security.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

To combat crypto crime in the United States, industry participants often turn to the Securities and Exchange Commission. But when it comes to cracking down on bad actors, the Department of Justice’s emerging playbook seems to have a far greater success rate.

Listen to this article to discover why wire fraud is the most effective way of prosecuting criminals without the need to classify crypto assets.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See ac...

Tether released its latest attestation by BDO Italy on Wednesday, revealing $81.8 billion in assets and $79.3 billion in outstanding Tether tokens as of March 1.

Tether is the largest stablecoin and one of the three largest cryptocurrencies, representing a systemically important representation of liquidity in the markets. The quality and quantity of its reserves are vital issues for the cryptocurrency industry. That said, the firm has often struggled to produce accurate and whole attestations.

Listen to this article to discover what Tether's latest attestation had to say about the company's

For more...

In the third installment of Cas's column So you don’t have to, the spotlight is once again on infamous crypto shill Ben Armstrong, aka BitBoy. Last time, Cas dissected his truly terrible book Catching Up to Crypto -- now, he's reviewing his rather lengthy interview with Donald Trump Jr.

Listen to the article to find out how BitBoy used the interview to shill and misinform alongside Donald Trump Jr.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Investors in Pepecoin (PEPE), the meme cryptocurrency du jour, have started a Twitter war against crypto exchange Coinbase after its newsletter warned of its volatility and associations with the alt-right.

Listen to this article to discover what ignited the Pepe community, the chequered history behind the meme, and the drive towards a sudden meme coin surge.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

In a joint committee hearing in the Unites States House of Representatives on Wednesday, members of the Financial Services Committee and the Agriculture Committee discussed what regulatory framework is needed to manage the risks and benefits of cryptocurrencies in the US.

Listen to this article to find out what representatives had to say about Joe Biden's sentiment for greater cryptocurrency regulation and to learn what they had to say on concrete issues plaguing the industry.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.co...

A drug dealer caught with $6.7 million in cryptocurrency and $1.4 million worth of cocaine has lost the millions of dollars he made on the dark web in a record confiscation of its kind by the West Yorkshire financial crime department.

Listen to the article to find out how millions of crypto was used as part of a drugs empire in the UK.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com...

Luke Dashjr, one of Bitcoin Core’s developers, has proposed to ban bitcoin NFTs and the BRC-20 by extending spam filtration to Bitcoin’s recently introduced Taproot transactions.

Listen to this article to find out what he had to say about one of the most significant upgrades in the Bitcoin network.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Estonia has given up on its brief attempt to become a world leader in the digital asset industry, with more stringent crypto licensing rules set to come into effect on June 15.

Estonia once enjoyed international attention for its crypto initiatives. In 2019, PricewaterhouseCoopers (PWC) issued a report praising Estonia’s efforts to implement blockchain for digital IDs, drivers licenses, e-residency, and governance technologies.

Listen to this article to find out what's scuppered the talk of digital asset leadership.

For more informed news, follow us on Twitter, Instagram, and Google News or vi...

A Syrian luxury car dealer and crypto investor was kidnapped while on holiday in Spain last week, in a plot that involved armed kidnappers, a three-story villa, a room prepared for butchery, and a million-dollar ransom.

Listen to this article to find out the full story behind a Dubai-based crypto fund manager and a holiday gone wrong.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Coinbase has decided to further dig in its heels against regulatory pressure from the Securities and Exchange Commission (SEC), with CEO Brian Armstrong calling out the commission’s chair Gary Gensler, and the crypto exchange’s legal chief hitting back at an SEC proposal that would amend custody rules for registered investment advisors.

Listen to this article to find out what a letter, written up by Coinbase’s legal head Paul Grewal addressed to the SEC, says about Coinbase's disagreement with the major revisions proposed to the investment adviser custody rule and how the SEC is seemin...

Pepecoin has been making the rounds on Twitter as holders of the meme token have declared war against the crypto exchange Coinbase. But did you know that the artist and original creator of Pepe, Matt Furie, had no idea it existed until now?

Listen to the article to find out what he had to say about Pepecoin on Twitter spaces.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for...

Western Alliance bank has denied a Financial Times article stating that the bank was exploring a sale of all or part of its business, based on tip-offs by two anonymous sources who claimed to have been briefed on the matter.

Listen to the article to discover what the rumors had to say about Western Alliance bank.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

A former manager at NFT marketplace OpenSea was found guilty of wire fraud and money laundering on Wednesday in a first-of-its-kind case involving digital assets and insider trading. 

Listen to the article to discover how the 32-year-old product manager picked NFTs to be showcased on the OpenSea website before making a profit on the side.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

The Florida legislature passed a bill Wednesday that effectively bans any central bank digital currency (CBDC) from being used in the state. 

The new policy says CBDCs issued by any country will not meet Florida’s definition of money. The provision rejects a specific part of the Uniform Commercial Code (UCC), a widely adopted piece of model legislation updated by the American Law Institute and the Uniform Law Commission.

Listen to the article to find out more.

For more informed news, follow us on Twitter, Instagram, and Google News or visi...

Maximum extractable value (MEV) refers to all of the money that can be extracted by reordering, viewing, adding, including, or excluding transactions within a block. The vast majority of MEV occurs via decentralized exchanges (DEXs) like Uniswap.

Very often, discussions of MEV include the parties responsible for confirming transactions for ERC-20 tokens on Ethereum, which can come with issues such as validators being complicit with trading bots. Digital asset market participants have other ways to extract MEV using the different types of maximum extractable value.

Listen to this article to discover the four...

Another influencer has been served in a high-profile lawsuit for promoting now-defunct crypto exchange FTX without proper disclosures — this time on Twitter.

Listen to the article to learn how the FTX influencer avoided lawyers, posted topless when he should've been in court and forced the court to approve Twitter as an appropriate channel to serve him a lawsuit.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

TrueUSD is a rapidly rising stablecoin that has seen its market cap increase from ~$950 million to ~$2.5 billion over the past three months, driven in part by Binance adopting TUSD as one of its zero-fee trading pairs.

Click on the video to find out how control of the private keys for TrueUSD has been transferred to Techteryx, a mysterious conglomerate in Asia with ties to Justin Sun.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast...

Media coverage of China’s efforts to supplant the US dollar’s reserve currency status has reached a feverish pitch. Diplomatic announcements, ceremonial oil contracts, and narrowly selected data suggest that foreigners are increasing their acceptance of non-USD trade with China. 

Listen to this article to discover how this isn't the case.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Crypto exchange Coinbase’s top executives, including chief exec Brian Armstrong and board member Marc Andreessen, participated in insider trading to avoid $1 billion in losses in the days after going public two years ago, Coinbase investors claimed in a lawsuit made public on Monday.

Listen to the article to discover the different accusations the lawsuit makes, including the board selling $3 billion in stock prior to negative news.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See ac...

Dark web users can get their hands on fully verified crypto accounts for as little as $20, according to recent research from online data security provider Privacy Affairs.

Listen to this article to find out about the ‘Dark Web Price Index,’ and the varying prices on offer for crypto accounts.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Michael Saylor looks to be in a very tight spot as the $2.1 billion outstanding debt his company used to buy bitcoin is coming back to haunt him.

Listen to the article to find out the options Saylor has as he contemplates the sale of some of his Bitcoins.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Crypto-friendly Cross River Bank has recently landed in the crosshairs of the US Federal Deposit Insurance Corporation over alleged violations of fair-lending laws, documents revealed on Friday.

The bank’s clients include various digital asset companies. USDC issuer Circle recently switched from Silicon Valley Bank after its collapse, over to the New Jersey-based bank for USDC issuance and redemption services. However, the bank's considerable rise has piqued the interest of skeptics.

In light of Cross River’s negative FDIC enforcement action, listen to the article for a review of the causes of the comp...

Tron chief Justin Sun, accused by the Securities and Exchange Commission of using a network of entities under his control to manipulate the price of crypto tokens he's connected to, has had to explain a large transfer of TrueUSD to Binance that appeared to be intended to take advantage of a Binance promotion of the SUI token.

Listen to the article to discover more about Sun's TrueUSD transfer.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast...

Crypto exchange Binance claims someone is feeding false information to OpenAI's ChatGPT in order to discredit the firm’s standing with US lawmakers, Forbes reported on Monday.

Listen to the article to find out what Chat GPT has to say about Changpeng Zhao and the Chinese Communist party.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

After last year’s global energy crisis and high inflation, bitcoin has made a spectacular rally of 67% in 2023 at press time, bouncing back alongside stock markets. Now, traders and investors are awaiting the US Federal Reserve’s meeting on Wednesday, which will provide crucial clarity on the future of interest rates.

Listen to this article to learn the consensus on the Fed raising rates, the options they have in reducing inflation, and it's potential impacts on stocks and crypto.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our...

Investment banking firm JP Morgan Chase will take over all of the deposits — insured and uninsured — and almost all assets of collapsed First Republic Bank, the Federal Deposit Insurance Corporation confirmed in a statement on Monday.

Listen to the article to find out the billions of dollars of cash in play as JP Morgan looks to take on the deposits and assets of First Republic Bank.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast...

In his most straightforward warning to date, Securities and Exchange Commission chair Gary Gensler published a video explaining how crypto exchanges have miscategorized most crypto assets as non-securities.

In addition to failing to register with the SEC, exchanges have failed to disclose risks, segregate customer assets, surveil market misconduct, nor file information necessary for reasonable investment decisions.

Listen to this article to discover the different ways Gensler says crypto exchanges are operating illegally, his warnings to these to these entities, and how crypto Twitter reacted.

For more informed news, follow...

Estonian authorities have issued a notice of restraint of disposition to crypto lending platform CoinLoan’s Estonian branch. This notice limits CoinLoan’s ability to dispose of assets. A court-assigned liquidator must approve requests for customer withdrawals.

According to sources close to the matter, that includes assets of Vauld, another collapsed crypto platform. Basically, this means that CoinLoan will cease “all operations,” effective April 25. 

Did Vauld drive CoinLoan into a court-ordered liquidation? Listen to the article to find out.

For more informed news, follow us on Twitter, Instagram, and Google News or visit...

El Salvador’s proposed ‘Bitcoin City,’ the crypto-funded, volcano-powered, Bitcoin mining tax haven that was, according to the country’s president Nayib Bukele, “coming along beautifully” has apparently been canceled. Or never actually existed.

Listen to the article to find out what's put a stop to the BTC city.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

A hacking group with access to AT&T’s internal network has stolen up to $20 million in crypto from customers’ wallets, according to an anonymous source.

Cybercriminals infiltrated AT&T's employee portal which in turn allowed them to generate their own mail keys -- the details that anybody with an AT&T email address can use to log into their accounts without using a password.

Listen to the article to discover the millions of dollars that were stolen by the hackers and how they did it.

For more informed news, foll...

Crypto investor and former chairman of the BBC, Richard Sharp, has resigned from the British media corporation following an inquiry into the potential conflicts of interest that could arise from his role in securing Boris Johnson an £800,000 personal loan.

Listen to the article to find out how Sharp is connected to crypto companies owned by Russian oligarchs and why he resigned from his position over a loan with Boris Johnson.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted o...

Crypto traders are using artificial intelligence (AI) to help them turn a profit. Projects are rapidly building AI tools that can execute trades with a particular focus on permissionless, ostensibly decentralized exchanges.

Listen to this article to discover how these bots are searching for the best trades using AI, while also being the perfect disguises for ponzi schemes.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

A report by the Congressional Research Service (CRS) has outlined the role of cryptocurrency in the failures of banks Silvergate, Silicon Valley, and Signature, stating that while the banks’ exposure to crypto was minimal, the perception of risk “may have driven non-crypto firms/individuals to make significant withdrawals.”

Listen to this article to find out the conclusion analysts came to when explaining recent bank runs and the role crypto played.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast...

Crypto companies looking to offer services in the United Arab Emirates can now apply for a license with the country’s securities regulator, according to an announcement released on Monday.

Listen to the article to learn the specifics behind the regulations and to what ends will it impact Binance's hopes of a new potential hub for their exchange.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Over 5,000 ether has been stolen from the MetaMask wallets of cryptocurrency veterans across multiple chains since December 2022, according to a MetaMask developer known as Tay.

At the time of writing, the amount of ether stolen is worth $10.5 million. The ongoing hack deliberately targets “OGs who are reasonably secure,” the dev noted on Twitter, but it remains unclear how the sophisticated hacker is pulling it off.

Listen to this article to find out how the hacker is. pulling it off.

For more informed news, follow us on Twitter, Instagram, and Google News o...

Last week Luno, the Digital Currency Group-owned crypto exchange, has announced that it’s set to cease operations in Singapore and will pull its plans to apply for a license in the country.

Luno claims that the move comes as part of a “regular evaluation” of its global strategy and has advised that all Singaporean users should withdraw their tokens and funds by June 19.

Listen to the article to find out how Singapore's crackdown on retail crypto traders has affected Luno.

For more informed news, follow us on Twitter, Instagram, and Go...

Following the news that the Securities and Exchange Commission (SEC) is charging crypto protocol Algorand’s creators and issuers for selling unregistered securities, crypto enthusiasts are sharing an old clip of SEC head Gary Gensler praising Algorand when he was a professor at MIT back in 2019. But what does Gensler really say in this lecture?

Listen to the article above to find out.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more i...

The fatal stabbing of Bob Lee, the founder of Cash App and cryptocurrency project MobileCoin, was deliberate, according to prosecutors.

A suspect is accused of stabbing Lee three times with a kitchen knife in early April over an argument about his sister.

Find out who is the alleged murderer and their connection to Bob Lee by listening to the article above.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for...

A Vietnamese man charged with washing up to $3 billion in bitcoin and crypto through money-laundering service ChipMixer, is still on the run and remains on the FBI’s most wanted list.

Listen to the article above to discover allegations that involve helping the Russian military, state-sponsored North Korean hackers, and a recently-collapsed exchange to bypass know-your-customer and anti-money-laundering measures.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

WorldCoin is a cryptocurrency created by Sam Altman, the same entrepreneur and venture capitalist that brought the world OpenAI and ChatGPT. The protocol relies on Orbs — melon-sized silver balls that scan people’s retinas to acquire their biometric data.

The sales pitch goes something like this: If you scan your irises, you’ll get WorldCoin (cryptocurrency), which isn’t currently traded on any open marketplace. You’ll get to be involved with the WorldCoin Network, which will (supposedly and eventually) be a marketplace where people can trade real-world goods and services for WorldCoin.

But in the U...

Well-known NFT personality @FranklinIsBored was forced to sell several Bored Apes after supposedly losing 2,000 ETH (almost $4 million) in a Ponzi scheme.

According to a tweet thread, this is the third time that FranklinIsBored (actually an aerospace engineer named Frank Caldwell II) has lost significant sums of crypto since early 2022.

Listen to the video above to find out how he lost his funds.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/pr...

Nicholas Gregory, Ray Youssef, and Antoine Riard have proposed a new “peer-to-peer electronic market system” on Nostr, the Bitcoin-friendly social networking protocol. Their introductory whitepaper describes a censorship-resistant system that uses Nostr for its order book and the Bitcoin blockchain for contracts and record-keeping.

The whitepaper’s notable authors call their new market proposal Civ Kit. They describe the new market as an enabler for global trade of goods, services, and foreign currency exchange. Specifically, they propose a way to sell any good or service through the following method.

Listen to the article to learn...

Cryptocurrency Twitter prematurely rejoiced at the possibility that the statements of an FTX lawyer at its bankruptcy hearing meant that the company had recovered nearly all of its funds and was close to restarting. Neither is true.

Listen to the article to learn how the funds FTX claims to have recovered may be more than difficult to liquidate.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

A major Salvadoran news outlet that has previously published negative stories about the country’s pro-Bitcoin president Nayib Bukele says it’s shifted much of its operation to Costa Rica following a government-led campaign of harassment, surveillance, and defamation.

Listen to the article to find out why El Faro says, “Under the government of Nayib Bukele, campaigns originating in Casa Presidencial have sought to defame and discredit El Faro and its employees."

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Ho...

South Korean prosecutors have confirmed that Do Kwon, chief of Terraform Labs, sent a large sum of money to a top law firm in the country just before the collapse of the firm’s stablecoin terra and cryptocurrency luna a year ago, which created a domino effect in the industry.

Find out more about the millions Kwon sent to a law firm representing some of the most scandalous cases around by listening to this article.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.co...

BitMEX co-founder Arthur Hayes noticed negative perp funding on several well-known exchanges such as Gate, Binance, and his own BitMEX. He attributed the negative funding rate to a wealthy 'cohort' who have been selling heavily into digital asset markets.

Perp is shorthand for 'perpetually rolling swap contract,' a popular crypto derivative. As opposed to a real swap, perps have no expiration and use a funding mechanism to anchor contracts to underlying spot prices.

Listen to this article to find out the explanations behind negative perp funding.

For more informed...

About a month ago Balaji Srinivasan, former CTO of Coinbase and general partner at VC firm Andreesen Horowitz (a16z), decided to make an incredible bet with people on Twitter: Bitcoin would crack a million dollars within 90 days.

Well, we’re checking in and, unfortunately for Srinivasan, it appears as though the bet isn’t going to go his way.

Listen to the article to find out the details behind this outlandish bet.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Prot...

Crypto traders may have to wait weeks to withdraw funds from the Ethereum blockchain following the launch of its long-awaited ‘Shapella’ software upgrade.

As reported by Reuters, Shapella was intended to unlock $30 billion worth of ether (ETH) staked by investors. However, according to data firm Nansen, around $1.4 billion is currently stuck in a withdrawal queue.

Listen to the article to find out the reason behind the delays.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on A...

US federal authorities are assisting Maltese police in building a case against businessman Luke Milton, accused of stealing up to $700,000 worth in cryptocurrency from a Maltese victim.

Authorities believe Milton, currently out on bail on unrelated charges of kidnapping, convinced a man over lunch to hand over his phone to help them invest in crypto. Instead, he allegedly transferred the man’s tokens into his own wallet. The US is now helping to gain access to the wallet.

Listen to the article if you'd like to know more about Milton and his connection to...

Last week Twitter announced a service that allows users to view the price of crypto and other assets in-app via a partnership with trading platform eToro.

eToro’s real-time prices for crypto, stocks, and more can be found in-app through a new service called $Cashtags, reportedly rolling out on Thursday. However, in order to trade assets, users must click on a 'view on eToro' tab which will take them to the trading platform’s website.

Listen to the article to find out the reasoning behind the collaboration and why crypto Twitter isn't sold on t...

Venture capital firm Andreessen Horowitz continues to call web3 an “evolution of the internet,” citing supposed upgrades from web2 like the potential for democratized ownership of Internet properties. It claims this inevitable transformation will return power to the hands of users.

However, both interests in web3 and related investments are plummeting.

Find out how, despite its optimism, Andreessen Horowitz's web3 ship is actually sinking by listening to the article above.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Duration: 00:03:57

Reginald Fowler, the former principal for crypto’s shadow bank of choice, Crypto Capital Corp, has given a sobering account of his personal hardships to court officials, in a bid to receive a lighter prison sentence that would see him spend no time behind bars.

Click on the video above to find out what the former crypto banker said.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Social media giant Twitter could find itself named alongside Elon Musk, Tesla, and the Dogecoin Foundation in an ongoing class action lawsuit that claims doge is a Musk-controlled Ponzi scheme.

Listen to the article to find out why Elon Musk has found himself on the end of a shiba shaped lawsuit.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com

Hosted on Acast. See acast.com/privacy for more information.

Bitcoin mining pools are straightforward: complete your share of work to earn your share of the winnings. Roughly $10 billion in annual payouts to miners around the globe makes Bitcoin mining the highest stakes proof-of-work (PoW) competition in the world.

However, formulas for calculating payouts to pool participants vary widely. Since the birth of mining pools 13 years ago, pool operators have used dozens of methodologies to smooth out income or reduce the need for trust.

Listen to the article for an explainer on the multiple payout types and the risks and benefits found within each...

FTX has filed a new report as part of its ongoing bankruptcy that discusses how failures of internal controls contributed to the firm’s collapse.

The report describes how FTX was led by Sam Bankman-Fried, with other executives almost universally deferring to him. The report also highlights unmanaged so-called ‘key person risk’ with one executive saying, “If Nishad (Singh, the firm’s director of engineering) got hit by a bus, the whole company would be done. Same issue with Gary.”

Listen to the article to learn how FTX lacked an internal audit team, many of its en...

BitMEX co-founder Arthur Hayes is upset with Three Arrows Capital founders Su Zhu and Kyle Davies over rumors that the duo recently raised funds for their new exchange OPNX from Bahrain’s Sovereign Wealth Fund and were trading through Tai Ping Shan, also known as TPS Capital. 

Using profanity on Twitter, Hayes said he wants his money back immediately. This implyies that he — and many wealthy crypto investors — lost money in the 3AC bankruptcy. Collections in that bankruptcy case have been delayed for months.

Listen to the article to learn about the opaque relatio...

One of the largest market-makers in crypto, Wintermute, claims to generate amazing revenues, trading trillions of dollars across thousands of trading pairs with differentiated strategies.

Media often characterizes its CEO, Evgeny Gaevoy, as a wunderkind savant. Stories of his rise to fame bear eery similarities to once-fawning coverage of Sam Bankman-Fried’s brilliance.

Listen to the article to find out why Wintermute has made many similar claims as other market makers, including the now-bankrupt Alameda Research.

For more informed news, follow us on Twitter, Instagram, and Google News or visit our...