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One of the co-founders of the controversial memecoin LIBRA says the project itself “sniped” the token right after it rolled out. In crypto trading, sniping refers to the practice of using trading bots or scripts to buy a newly launched coin ahead of big transactions or the entry of retail traders. Snipers get their edge by buying early in anticipation of a massive spike in trading volume with the arrival of other investors. In a new interview on the voidzilla YouTube channel, LIBRA co-creator Hayden Davis says he does not deny that wallets linked to the project sniped the memecoin on launch day. According to Davis, LIBRA had a separate treasury dedicated to gobbling up the token and front-running other investors. “ That money that we consider ‘sniping’ is the project’s money.”  Davis says teams behind memecoin launches often practice sniping “to deter” others from getting in early. “From the standpoin...

Ripple’s XRP has been making quite the headlines after the tumultuous relationship between the firm and the SEC ended. Ripple was ordered to pay a staggering $125 million in fines, which affected the price of XRP, causing it to dip. At press time, the altcoin was trading at $0.57, with a 2.73% drop over the past 24 hours. However, the asset surged 22% throughout the last seven days, following a 44% rise in daily volume. Steps to Join the XRP Rich List Current Market Status While the asset is currently undergoing a slump, the chances of investors getting on the XRP rich list weren’t too bleak. Edo Farina, the CEO of Alpha Lions Academy, revealed how to get among the top 10% of the biggest wallets of the XRP network. Required XRP for Top 10% In a video, Farina claimed that 3,011 XRP was sufficient to be added to the list. Farina noted that, as of June 2024, about 3,299 XRP were needed to rank in the top 10%. Holding just 3011 $XRP puts you in the Top 5% on the Rich List pic.twitter.com/...

Tether has blocked six new wallets on the Ethereum network, likely due to being linked to the Russia Finiko ponzi scheme .  According to blockchain intelligence firm ChainArgos, the wallets might have made suspicious transfers to Finiko-linked addresses. However, no other noticeable suspicious transactions were observed from these addresses. 1/4 @Tether_to just blacklisted 6 new wallets: On Ethereum: – 0x691169914a13465bd9528292f8fbdd0301354941 – 0x6d82a3743261e0ac77116f4cf153338bec3c69c6 – 0x016a2046689fc94eec7d23545693bc7b81dbabd1 – 0x873e288d432d1e8dd93defa63406fd9a80580491 -… — ChainArgos (@ChainArgos) December 20, 2023 You might also like: Coinbase CEO considers anti-crypto bills as ‘bad political strategy’ Finiko was a pyramid scheme launched in Russia in 2018, which saw victims lose up to $95 million. Last year, Interpol arrested the scam leader, Edvard Sabirov, in the UAE. However, several other members of the scam are still a...

According to Santiment, Bitcoin wallets holding one or fewer BTC have reached their highest coin count ever, a surge in accumulation since November. Santiment, a market intelligence platform with on-chain and social metrics for more than 2,500 cryptocurrencies, took to X on Dec. 18 to share that Bitcoin wallets holding one or fewer BTC now hold a record-breaking 1.4 million Bitcoin, constituting 7.3% of the total supply. #Bitcoin's wallets holding 1 or less $BTC hold their most coins ever, as they aggressively picked up their accumulation since the beginning of November. Mid-tier wallets are slightly down in the past couple months, while whales have increased. https://t.co/fswoTrzNUv pic.twitter.com/gPGLJyKP2g — Santiment (@santimentfeed) December 18, 2023 Simultaneously, wallets with 100+ Bitcoin collectively, also known as whales, now account for 11.5 million Bitcoin in an increase over the past couple of months, representing 59.1% of the supply, while wallets ...

The security firm urges those using wallets generated from 2011 to 2015 to transfer their assets to crypto wallets that were generated more recently. While the crypto community is still weathering the effects of the recent $100-million Poloniex hack, another cyber security threat that could affect billions worth of crypto assets has been discovered by a team of blockchain security experts.  On Nov. 14, cybersecurity company Unciphered released information on a vulnerability that they called “Randstorm,” which they claim to affect millions of crypto wallets that were generated from 2011 to 2015. Today we release our work on Randstorm: a vulnerability affecting a significant number of browser generated crypto currency wallets https://t.co/CebdytNaC6 Reporting @washingtonpost https://t.co/OzYDq2tH4W Technical write-up: https://t.co/HPqjtaX1CA #Bitcoin #blockchain pic.twitter.com/aN7CZh9sv4 — Unciphered LLC (@uncipheredLLC) November 14, 2023 According to the firm, while wor...

The former FTX CEO denied moving the funds saying; "I'm not and couldn't be moving any of those funds; I don't have access to them anymore.” Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied moving funds tied to Alameda wallets, days after he was released on a $250 million bond. On Dec. 30, Fried tweeted to his 1.1 million followers, denying any involvement in the movement of funds from Alameda wallet s.  In response to the allegations that he may have been responsible for moving funds out of Alameda wallet s, he shared: “None of these are me. I'm not and couldn't be moving any of those funds ; I don't have access to them anymore.” None of these are me. I'm not and couldn't be moving any of those funds; I don't have access to them anymore.https://t.co/5Gkin30Ny5 — SBF (@SBF_FTX) December 30, 2022 SBF’s tweet was in response to a news story published by Cointelegraph, which reported that a wallet address that...