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  • About

Arnold Potts

Founder and Lead Editor of Coinfiend. Arnold loves all things blockchain.

North Korea-affiliated Hackers Steal $600 Million in Crypto Funds, Contributing to $3 Billion Total Over Six Years: Report

January 8, 2024 by Arnold Potts

North Korea-affiliated hackers were responsible for a significant portion of cryptocurrency exploits and thefts in 2023, making off with approximately $600 million in funds, according to a report from TRM Labs. This brings the total amount stolen by the Democratic People’s Republic …

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ARK Invest Continues to Sell Coinbase Shares, Totaling $42M in January

January 8, 2024 by Arnold Potts

Cathie Wood’s ARK Invest, a prominent investment firm, has recently sold a significant portion of its Coinbase (COIN) shares from its Innovation exchange-traded fund (ETF). This move comes after the firm offloaded $25 million worth of COIN shares on Wednesday, followed by …

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Mango Markets Faces Regulatory Inquiry Ahead of Avi Eisenberg Crypto Fraud Trial

January 8, 2024 by Arnold Potts

Title: Mango Markets Faces Regulatory Inquiry as Crypto Fraud Trial Looms Introduction: Mango Markets, a decentralized crypto exchange (DEX), is currently facing regulatory inquiries in the United States following a major heist in October. The exchange, which was once a top trading …

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Ethereum Validators Face Delays in Withdrawing Staked ETH as Celsius Withdraws Cause Backlog

January 8, 2024 by Arnold Potts

Ethereum’s validators are facing significant delays in withdrawing their staked ether (ETH), and the defunct crypto lender Celsius may be partially responsible for the backlog. Validators stake ETH to help secure the Ethereum network and earn a steady rate of interest. However, …

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VanEck Commits to Donating 5% of BTC ETF Profits to Bitcoin Developers

January 8, 2024 by Arnold Potts

Asset management firm VanEck has announced that it will donate 5% of the profits from its Bitcoin exchange-traded fund (ETF) to Bitcoin developers at Brink. This move comes as VanEck awaits a decision from the U.S. Securities and Exchange Commission (SEC) regarding …

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The SEC’s Recent Win in Terraform Labs Dispute Strengthens Case Against Coinbase and Binance

January 8, 2024 by Arnold Potts

The U.S. Securities and Exchange Commission (SEC) is using its recent victory in the Terraform Labs case to bolster its arguments against cryptocurrency exchanges Coinbase and Binance. The SEC has been engaged in legal battles with various crypto platforms, seeking to establish …

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Depletion of Fed’s Reverse Repo Program and Expiry of Crucial Funding Facility Could Trigger March Market Crash, Warns CIO Arthur Hayes

January 8, 2024 by Arnold Potts

Depletion of the Fed’s reverse repo program and the expiry of a crucial funding facility for troubled banks may trigger a market crash in March and force the Fed to cut interest rates, according to Maelstrom CIO Arthur Hayes. While crypto investors …

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U.S. Bitcoin ETFs Expected to Launch Soon as Exchanges File Amended Documents

January 8, 2024 by Arnold Potts

U.S. spot bitcoin exchange-traded funds (ETFs) are inching closer to becoming a reality as the exchanges set to list them have filed amended documents, indicating their anticipation of approval from the U.S. Securities and Exchange Commission (SEC) in the coming days. The …

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The Forgotten History of the Persian Empire: Unmasking the Veil of Ignorance

January 8, 2024 by Arnold Potts

In-Depth News Article: Unmasking the Forgotten History of the Persian Empire Come with me to the land of saffron and rosewater for a story lost in the annals of history. This ancient kingdom, rich in history and once the mightiest empire in …

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BRC20.com Raises $1.5 Million to Provide Infrastructure for Bitcoin Tokens

January 7, 2024 by Arnold Potts

Newly launched Bitcoin tokens platform BRC20.com has successfully raised $1.5 million in funding, with UTXO Management leading the investment round. UTXO Management is the asset management arm of BTC Inc., the parent company of BRC20.com. The funding round also saw participation from …

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