October 2023 - Cryptautopsy

Introduction In the ever-mercurial world of cryptocurrencies, Bitcoin has once again proven itself to be at the mercy of market sentiment, this time swirling around BlackRock’s proposed Bitcoin ETF. The potential entry of such a heavyweight financial player has sent ripples through the community, sparking both surges and retracts in Bitcoin’s price. Background on Bitcoin’s […]

24
Oct

Bitcoin’s Remarkable Surge: $4,000 Gained in Just 4 Hours, Touching $35,000 Amid BlackRock Seeding Speculation

CryptOligarch / 7 months
0
3 min read

In the volatile world of cryptocurrencies, Bitcoin (BTC) has once again demonstrated its remarkable resilience, embarking on a substantial price rally over the past week. As investors and enthusiasts closely monitor its every move, the cryptocurrency’s value has surged, gaining an impressive $4,000 in just four hours and reaching the $35,000 milestone. This surge not […]

21
Oct

Crypto Exchanges Lock Down $2 Million Stolen from Atomic Wallet in June

CryptOrchid / 7 months
0
3 min read

In a recent development, Atomic Wallet made a significant announcement on October 19. They revealed that several cryptocurrency exchanges had taken the unprecedented step of freezing funds suspected to be stolen from user wallets during an unauthorized transaction activity reported earlier this summer. This incident, which began with reports from users on June 3, has […]

17
Oct

FTX Eyes Return of $9 Billion in Customer Funds through Settlement Proposal

CryptOligarch / 7 months
0
4 min read

In a recent development in the world of cryptocurrency, FTX, a prominent exchange platform, has made an intriguing proposal to its customers. The proposal revolves around the return of over $9 billion in customer funds through a strategic settlement plan. If you are an FTX customer who held more than $250,000 on the platform just […]

14
Oct

SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF

CryptOrchid / 7 months
0
3 min read

The cryptocurrency world is buzzing with excitement as the Securities and Exchange Commission (SEC) announces its decision not to appeal a recent court ruling. In August, the D.C. Circuit Court of Appeals handed down a scathing reversal of the SEC’s decision to deny Grayscale Investment’s application to convert the Grayscale Bitcoin Trust (GBTC) into an […]

09
Oct

US Considering Application of Electronic Fund Transfer Act to Crypto Accounts

CryptOligarch / 7 months
0
3 min read

The world of cryptocurrencies is ever-evolving, with new innovations and challenges emerging regularly. While the market offers tremendous opportunities, it isn’t without its vulnerabilities. This brings us to the pressing question: How can we ensure consumer protection in a realm so novel yet susceptible? Enter the potential application of the Electronic Fund Transfer Act (EFTA) […]

07
Oct

Gary Wang’s Plea Deal: A Dive into the FTX Scandal

CryptOrchid / 7 months
0
3 min read

The financial world has been shaken by the recent revelations surrounding the dealings of FTX and its co-founder Gary Wang. With a potential prison sentence looming over Wang, the intricacies of the case have captured global attention. Let’s unpack the events that have transpired. Background of the Case Who is Gary Wang? Gary Wang, once […]

05
Oct

U.S. Crackdown on Chinese Fentanyl Trade – Cryptocurrency’s Role in Illicit Transactions

CryptOliphant / 8 months
0
3 min read

In a recent development that has sent shockwaves through the world of law enforcement and finance, the U.S. Department of Justice (DOJ) has taken decisive action against a group of Chinese companies and individuals involved in the unlawful fentanyl trade. This operation, which unfolded on October 3, 2023, represents a critical juncture in the ongoing […]