Analysts say the all-stock deal will transform the Canadian cryptocurrency platform into “a smaller version of Galaxy Digital.”

On July 9, DeFi Technologies (CBOE CA: DEFI) agreed to buy trading desk, Stillman Digital, in a stock swap deal that analysts say will transform the Canadian crypto platform into “a smaller version of Galaxy Digital.” .

The purchase, which valued Stillman at approximately CAD 4.22 million (USD 3.1 million) at the close of trading on July 8, "is a strategic move that not only expands our capabilities in the trading sector, but also diversifies our base of customers and revenue streams," said DeFi Technologies CEO Olivier Roussy Newton. The deal has been agreed upon but has not yet been completed, according to the statement.

$APE $SYS $BNB
#APE #altseason #Probablynothing💎
Attendees at Yuga Labs' ApeFest event in Hong Kong reported eye problems after attending the event.
Yuga Labs, the parent company of non-fungible token (NFT) collections like Bored Ape Yacht Club (BAYC), hosted an event for its community in Hong Kong. However, the post-event experience for some attendees has not been very good.
Yuga Labs: ApeFest participants suffer from eye problems

$SYS $ROSE $POLYX
These altcoins have bullish-looking formations and could hit new all-time highs in November.
October was a decidedly bullish month for the cryptocurrency market. BeInCrypto analyzes November's top altcoins that could hit new all-time highs.
Injective (INJ) Nears All-Time High
The INJ price has seen a notable increase since the beginning of the year. This upward move resulted in a breakout of a descending resistance trend line, which had been in place since its all-time high.

$BTC $SYS $BNB
Gemini cryptocurrency exchange is still experiencing staffing issues. Now CTO Prajeet Tivana is leaving.
Tiwana served as chief technology officer at Gemini Trust Co. starting in 2022. Bloomberg writes about the dismissal citing sources familiar with the situation.
Reconstruction of Gemini, one of the reasons for the departure of the CTO
As the editors note, before joining Gemini, Pravjit Tivana worked as CEO of Amazon Web Services for six years. Having landed a position at the cryptocurrency exchange, he worked on restructuring its culture. According to former workers, all this led to the dismissal of some employees.

$BTC $ETH $BNB With constantly evolving technologies, cryptocurrency trading has also evolved and introduced new trading methods. Copy trading and bot trading are the two most popular ways to trade cryptocurrencies to maximize profitability. The main difference between them is that copy trading allows you to copy professional traders and a crypto trading bot helps you automate the trading process. Copy trading vs Trading Bot in Summary Copy trading is a process of imitating trades from experienced and successful traders to make profits. Several cryptocurrency copy trading platforms allow investors to copy the trading strategies of veteran traders. Therefore, inexperienced investors with in-depth knowledge about cryptocurrency trading can benefit from this process to make profits. For their part, cryptocurrency trading robots allow automatic execution of trades on behalf of investors in their absence. Since the cryptocurrency market is active 24 hours a day, investors can take advantage of these pre-programmed cryptocurrency trading robots and set some predefined criteria to execute trades. Unlike copy trading, trading with bots does not involve active participation and eliminates the risks that manual trading entails. Differences between Copy trading and Trading Bots Automation Although both copy trading and bot involve automation, there are small differences when it comes to execution. Investors can manually choose individual traders and trading strategies to copy, while actively participating in monitoring and adjusting trades. This is not the case with trading bots. Once traders set some conditions based on market parameters, the bots automatically execute trades when those conditions are met in real time. Decision Making In copy trading, traders make decisions about whether to copy a trading strategy or not. Only after they choose a trading strategy or a trader does automation come into the picture. Even after choosing a successful trader, investors can periodically adjust and customize their trading strategies. On the other hand, trading robots make decisions on whether or not to execute a trading strategy based on pre-programmed market conditions. The best trading robots accurately implement trading strategies, eliminating impulsive human decisions. Learning Curve Cryptocurrency copy trading has a good learning curve as it involves following experienced traders. Beginning traders look for successful traders and analyze their historical performance. In the process of copying experienced traders, they can learn many intricacies involved in cryptocurrency trading and benefit from their vast experience and knowledge. This is not the case when it comes to cryptobot trading. Risk Management Although cryptocurrency trading is inherently risky, when we compare copy trading with bot training, the former can be riskier. This is because the risk tolerance of experienced traders may not always be the same as that of novice investors. Blindly copying successful trades is not a good idea without paying attention to your own risk management. But in the case of bot trading, investors can consider their risk tolerance and execute trades based on it. Various types of orders such as limit orders, stop loss orders, take profit orders, etc. help them implement trades without risking their funds. Accessibility and Pricing Copy trading is more accessible compared to bot trading because to use them, investors need some technical knowledge and skills. It is easy for beginner investors to find successful traders and copy their trades. But when it comes to bot trading, they must know how to adjust the settings of the bots. On top of that, cryptocurrency trading robots charge high fees while copy trading platforms allow investors to copy other traders for free.#fsociety #TradingConBot #TradingBot #BTC

Approximately 25 cryptocurrency users using prominent password manager LastPass lost more than $4 million in digital assets on October 25, according to on-chain detective ZachXBT.ZachXBT , in collaboration with fellow researcher Tayvano, tracked the exploit until December 2022, when LastPass confirmed a security breach. $4.4 million stolen from LastPass customers At that time, LastPass said hackers backed up data from its customers' vault. This included information about website usernames and passwords, secure notes, and form completions. Malicious actors have since emptied the wallets of cryptocurrency users who may have saved their seed phrases on the platform. Reports had estimated that more than $35 million had been stolen from more than 150 victims since December. An October 27 post by Tayvano revealed that the most recent exploit affected around nearly 80 cryptocurrency addresses belonging to these 25 victims. . Resulting in a loss of $4.4 million. Victims of the LastPass hack. Fountain; ZachXBT“Most, if not all, victims are long-time LastPass users and/or confirm having stored their keys/seeds on LastPass,” Tayvano said. Security Experts Advise on Next ActionsSeveral crypto security experts have been advising LastPass users on how to mitigate further losses from the event. Tayvano said users who have had their wallets emptied should “get in touch and SUBMIT AN IC3 RIGHT NOW IF YOU HAVE NOT DONE ALREADY.” The IC3, short for Internet Crime Complaint Center, is a central hub for reporting cybercrimes. In a separate Oct. 22 post on last year should be considered compromised.Because of this, Tayvano urged the community to “prioritize rotating your most valuable/oldest secrets + migrate assets today.” Meanwhile, ZachXBT strongly recommends that: “If you think you have ever stored your seed phrase or keys on LastPass, migrate your crypto assets immediately.” LastPass further recommended its users never reuse their master password on other websites and also Minimize the risk by changing the passwords of the websites you have stored.

$XRP $SYS #XRP Brad Garlinghouse, CEO of Ripple, has harshly criticized former SEC Chairman Jay Clayton for his recent comments regarding the US Securities and Exchange Commission's (SEC) approach to litigation. In a June interview with CNBC, Clayton suggested that the financial regulator should only pursue cases that passed judicial scrutiny.Ripple CEO slams Clayton's 'hypocrisy'Clayton said: “When you have the power of the state, you're only supposed to bring cases and set rules This statement drew the ire of Garlinghouse, who said the video made his “blood boil” and criticized Clayton's hypocrisy. Garlinghouse noted that the former SEC chairman initiated the SEC's ongoing lawsuit against Ripple in 2020. The SEC's legal action alleged that the XRP token was a security and that senior Ripple executives, including Garlinghouse and Larsen, raised more of $1.3 billion through its sales. He said: “As a reminder, Jay Clayton brought the case against Ripple, Chris Larsen and me. And he left the building the next day.”“The hypocrisy is shocking, CNBC and SquawkCNBC should call him out on his nonsense,” Garlinghouse added. Pro-XRP lawyer John Deaton joined in criticizing Clayton's hypocrisy. According to Deaton, the former SEC chairman was “clearly the one who pushed to” join Ripple's top executives in the case. “[Clayton] likes to sue management because it 'changes the dynamic' of the lawsuit (i.e. , it is a harassment/intimidation tactic),” he added. He concluded that Clayton's hypocrisy became more evident when the SEC had nothing to prove its securities accusations against XRP. Deaton pointed out: “When you consider the hypocrisy of Clayton's comments, remember that he filed a lawsuit alleging that ALL XRP from the beginning of time to the end of the world were, are, and always will be securities, even though the SEC does not could cite only one case.”Ripple (XRP) price continues to advanceAs the SEC's legal dispute with Ripple unfolds, the regulatory body has faced back-to-back setbacks, including a landmark ruling in July declaring that sales of Ripple's XRP to the general public These losses led to charges being dropped against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. Ripple's XRP hit $0.57, its highest value since August, during the recent rally. bullish momentum driven by Bitcoin exchange-traded funds (ETFs). The digital asset has since retreated to $0.54 at press time, according to data from BeInCrypto.

LBRY Inc., the company behind the open source decentralized platform, has admitted defeat in its legal battle with the Securities and Exchange Commission (SEC). The company now faces multimillion-dollar debts with the SEC, its legal team and a private debtor. “LBRY Inc. must die, there is no way to escape this,” the company acknowledged in its latest post. LBRY gives up a long fight against SECThe company, which has been a prominent player in the cryptocurrency space, has been dealing with the SEC over its handling of the LBRY token. However, it has now dropped its appeal against the SEC's decision. The company's assets, including Odysee, its flagship app, are bankrupt. All of LBRY's executives, employees and board members have resigned and the company has committed to doing what is necessary to satisfy outstanding legal requirements. However, the future of the LBRY network remains uncertain. As the company post said: “Decentralization is not magic; It only works if enough people use it.” Despite the company's closure, the LBRY network could survive if it continues to be widely used. But he could also die. The company publication further questioned: “Could LBRY continue to absorb all digital publications as we intended? Could this be the beginning of a descent into darkness? Who knows? “Will there be life after death for LBRY? Odysee, which serves more than 6 million people monthly, is still operating. CoinGecko rates the platform as the most popular Web 3.0 social networking site globally. While Odysee's assets will almost certainly be taken over by someone interested in resuming its growth, it is unclear whether Odysee will continue to use the LBRY network in the future. In the future, it will change to another crypto network or become a traditional Web 2.0 platform. The 15 most popular decentralized social networks in 2023, January-April 2023, where LBRY is not. Source: CoinGecko. More than 1.7 million identities and 30 million pieces of content have been published on the LBRY blockchain. As long as the LBRY blockchain continues to be mined, these identities and records will continue to exist. However, the content itself requires host nodes to function. If Odysee decides to stop using LBRY, content not actively published by others will no longer be available. While the closure of LBRY Inc. is a significant setback for the company, the future of the LBRY network and Odysee remains in the hands of its users. As the company concluded, “Ultimately, this will be decided by users, not us, and we encourage users to wait and see.”

#FTX FTX debtors agreed to a new Customer Deficit Settlement after months of negotiations with FTX's Unsecured Creditors Committee, an ad hoc committee of customers outside the United States and other representatives. The court must approve the proposal that the FTX Exchange Debtors to File as Part of Their Amended Plan in December.FTX Debtor Chief Celebrates Creditor AgreementEarlier this year, creditors of FTX.com and FTX US filed customer ownership litigation, arguing that they were should give priority over unsecured creditors. The new plan follows FTX's announcement to liquidate more than $3 billion in crypto assets to compensate clients. Change in dollar value of FTX tokens, as debtors resolve their quarrel. | Source: WSJ The amendment, if approved by the court, would see creditors of FTX.com and FTX US receive 90% of the debtors' distributable assets during a new schedule. However, the debtors expect that FTX customers .com will suffer a higher percentage of loss and that their final refunds will have to take into account taxes and other government regulations. Still, the plan represents a milestone in the plan to win back FTX customers, according to FTX's restructuring chief , John Ray III.“The proposed solution to clients' real estate problems is another important milestone in our case. [The] debtors and their creditors have created enormous value from a situation that could easily have been a near-total loss for clients.”The Bankruptcy Estate has invited clients to make inquiries about the proposed Settlement for Customer Deficit. FTX Debtors will file the proposal with the court on December 16.FTX filed for bankruptcy on November 11, 2022, after a leaked balance sheet from its market maker, Alameda Research (Alameda), exposed the latter's dependence on the FTT illiquid token.Its former CEO, Sam Bankman-Fried (SBF), was later accused of allowing FTX to borrow unlimited amounts of funds from FTX clients. Does Sam Bankman-Fried have anything to do with FTX's balance sheet? Witnesses at the trial Bankman-Fried argued that SBF changed FTX's code to allow Alameda an unlimited line of credit. On Monday, former FTX engineering director Nishad Singh said Bankman-Fried knew details. He had long known about the $8 billion shortfall in client funds. Which FTX had due to its risky loans to Alameda. This factor ultimately caused the company to go bankrupt. Last week, former Alameda CEO Caroline Ellison testified how Bankman-Fried asked her to prepare balance sheets. Especially for creditors who manipulated asset and liability values. And Gary Wang, former chief technology officer at FTX, later testified how Bankman-Fried asked him to change the code. Especially FTX to grant special privileges to Alameda.

$ETH #ETH #Ethereum Vitalik Buterin, co-founder of Ethereum, addressed concerns regarding his recent cryptocurrency transfers on Tuesday, clarifying that such transactions do not reflect a sale for personal gain. What happened? Buterin shared on the decentralized social network Warpcast , saying: "I have not 'sold' ETH for personal gain since 2018." Buterin stressed that the transfers are mostly donations to charities, non-profit entities and other projects, with the receiving organizations being those in charge of selling the assets to cover their expenses."If you find an article that says 'Vitalik sends XXX ETH to [an exchange]', in reality it is not me who is selling, it is almost always a donation to some charity, non-profit entity or other project, and it is the recipients who sell the assets because, well, they need to cover their expenses." Why it matters This comes after Buterin moved approximately $14.9 million in USD Coin (USDC) to Gemini, a cryptocurrency exchange platform. PeckShield, a blockchain analysis company, reported that the transfer from Buterin's wallet, called "Vitalik.eth", took place on October 16. Further analysis in Etherscan, a blockchain explorer, revealed that Buterin received the sum initial 14.93 million USDC from Kanro, a charity associated with him, on October 14. In addition to the transfer to Gemini, Buterin had also transferred almost $500,000 to Coinbase just three days earlier. During September, the total amount transferred from Buterin's wallets exceeded $3.9 million. One notable transaction occurred on September 24, when Buterin sent 400 ETH (equivalent to $600,000 at the time) to Coinbase. Additionally, at the beginning of October, he deposited 600 ether, which is equivalent to approximately $1 million of the cryptocurrency, on the Coinbase exchange platform.

$APE $BUSD #NFT #CryptoPunks #BAYC Amid a tumultuous market downturn within the NFT space, Yuga Labs, a leading developer of non-fungible tokens, is implementing a strategic restructuring plan. CEO Daniel Alegre, who has been in the role for six months, has been actively engaging with the community and attending meetings to better understand the Yuga family. This commitment has led to initiatives such as Made by Apes and a focus on Elevate the CryptoPunks Art Form First day, I have made it a point to attend as many meetings as possible. I took it all in and it's been invaluable.”Under Alegre's leadership, Yuga Labs has identified three core priorities: supporting existing communities, focusing on the Otherside project, and leveraging partnerships to ensure the seamless execution of important initiatives. Yuga Labs include CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, and Otherdeed for Otherside. Source: NFT Price FloorThe CEO of Yuga Labs also explained: “After spending time delving into everything we are doing and everything we value, it came down to three fundamental priorities: supporting our existing communities; Focus on our execution on the Other Side; Leverage partnerships to ensure seamless execution of our big bets.” Yuga Labs' restructuring plan is a response to the realization that the team was too spread out across numerous projects. Some of these teams were also outside their core competencies. Restructuring in the middle of a bear market The exact number of affected employees remains undisclosed, but the company promises comprehensive support, including severance packages and recommendations.The strategic shift involves prioritizing partnerships and promoting key projects like Bored Apes. Efforts will focus on community development, particularly the Otherside project and various Web3 initiatives powered by Yuga Labs. The company aims to commemorate the legacy of crypto art through educational resources and integrate Meebits and 10KTF into the upcoming gaming company. 2024, Otherside.Despite the challenging industry context, Yuga Labs remains committed to its mission of building culture in blockchain. The company's restructuring and reorientation efforts are a testament to its dedication to its communities, its art form and its long-term success.

$ETH Reddit's popular blockchain-based rewards initiative, Community Points, is being discontinued. Tim Rathschmidt, director of consumer and product communications at Reddit, highlighted the challenges in scaling the program, compounded by evolving regulatory conditions. The decision underscores the complexities for companies in integrating cryptocurrency incentives into their platforms. Reddit to Discontinue Community Points on Ethereum Launched in 2020, Community Points rewarded proactive participation in chosen subreddits. Essentially Ethereum tokens, these points resided in the Reddit Vault, acting as a crypto wallet. Once allocated, they were irreversible, as neither Reddit nor its moderators could claim them. Users could spend these tokens on exclusive features like memberships, which They awarded animated emojis and distinctive badges. After their expenditure, the tokens were irrevocably “burned.” Community points, which serve as a “reputation” emblem, appeared next to usernames within active subreddits, celebrating the platform's most important contributors. Their presence on the blockchain meant that Redditors could display their “reputation” universally online. However, the expansion posed significant obstacles. Initially anchored to Ethereum, high transaction fees and restricted bandwidth limited the growth of Community Points. Reddit's solution, which will move to Arbitrum Nova in 2022, aimed to take advantage of its scalability capabilities while maintaining the fundamental benefits of Ethereum. However, this also proved ineffective for the social platform. Rathschmidt explained: “Although we saw some future opportunities for Community Points, the resources required were too high to justify them. Since then, the regulatory environment has joined that effort. Although the moderators and communities that supported Community Points have been incredible partners, as it has evolved, the product is no longer set up to scale.”During its tenure, Reddit has experimented with numerous incentives. Among them stands out the Contributor Program, a system that transforms Reddit gold and karma into real currency. Reddit's explanation for stopping rewards This program allows Redditors with 10 gold earned in a month or users with more than 5,000 karma start monthly withdrawals.Interestingly, this is not the only termination of a rewards plan by Reddit this year. The previous system, which allowed users to purchase gold to honor others, was discontinued after significant community backlash. The Contributor Program emerged later. "We are working on ways to improve governance and empower communities and their contributions. Part of the reason we are shelving this product is that we have already launched, or are investing in, products that They achieve what the Community Points program was trying to achieve, while also being easier to adopt and understand."Moon and Brick price evolution, which caused Reddit's reward brake. Source: Trading View Rathschmidt also clarified that the goal is not to replace Community Points with the Collaborator Program. The focus is on scalable and beneficial programs. “Many advantages of Community Points have been integrated into the platform.” Following the news, Reddit's MOON and BRICK tokens experienced a sharp drop in their prices. MOON, associated with r/Cryptocurrency, has fallen 84% today, settling at $0.035. Meanwhile, BRICK from r/FortniteBR has seen a 59% decline over the past day, now valued at $0.041.#MOON #BRICK #REDDIT