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- Is Bitcoin's Lightning Network Not Safe? 😯
Is Bitcoin's Lightning Network Not Safe? 😯
In today's edition: 🚀 Bitcoin's dominance, 📊 Tether's reporting plans, 📈 OTC FTX creditor claims, and more!
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👨⚖️ Sam Bankman Fried’s Trial Coverage: ICYMI
Sam Enzer, a partner at the law firm Cahill Gordon & Reindel, told Laura that compelling evidence from Sam Bankman-Fried’s inner circle had increased the difficulty for the fallen FTX CEO to convince a jury of his innocence. Former FTX head engineer Nishad Singh said that he became suicidal after understanding the full magnitude of FTX’s misuse of customer funds, while ex-chief legal counsel Can Sun helped show how SBF allegedly lied to lawyers.
Former FTX General Counsel Can Sun took the stand, revealing that Sam Bankman-Fried had asked him to find legal justifications for FTX’s $7 billion deficit.
📚 The Cryptopians - Out in Paperback Tomorrow!
Find out the inside story of the rise of Ethereum in Laura’s book, “The Cryptopians.”
What’s Poppin’?
by Sam Sriram
Antoine Riard said the network is vulnerable to replacement cycling attacks, which could permit malicious actors to siphon funds from mempools.
Bitcoin dominance has now risen to 49.58% – the highest level since the second quarter of 2021.
Daily Bits…✍️✍️✍️
📊 Tether plans to offer real-time data on its reserves in the coming years, currently reporting around $3.3 billion in excess reserves.
👮♂️ FBI indicted six individuals for running an unlicensed $30 million money-transmitting operation, converting cryptocurrencies into cash via the darknet.
💵 Over-the-counter trades value FTX creditor claims above 50 cents, signaling market optimism for asset recovery amid ongoing bankruptcy proceedings.
📝🇭🇰 Hong Kong's Securities and Futures Commission updated its framework, adding investor protection measures for complex virtual asset products.
💰 Philippines-based crypto exchange Coins.ph reportedly lost over 12 million XRP ($6 million) due to a possible exploit.
🔥 Haycoin's value skyrocketed after Uniswap creator Hayden Adams burned nearly the entire supply of the test coin.
💳 Binance discontinued its Visa debit card services for European customers.
🚨 FinCEN warned that virtual currencies are being used to finance terrorist organizations.
🛠️ Bitmain announced plans to release mining rigs specifically designed for Aleo's privacy-focused blockchain, without specifying a launch timeline.
Today in Crypto Adoption...
🤝 MultiversX's EGLD token experienced a nearly 10% surge following the announcement of a partnership with Google Cloud.
The $$$ Corner…
🔒 Israeli startup BlockAid secured $33 million in funding to bolster Web3 security solutions.
What Do You Meme?
Recommended Reads
📈 Your Market Update 📉
BTC is up 2.3%, trading at $30,622
ETH is up 2.6%, trading at $1,676
BTC dominance: 49.65%
Crypto market cap: $1.2T
*All data as of today, 7:58 am ET
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