At a time of bear market-induced uncertainty, crypto investors often tend to stick with Bitcoin (BTC) and Ethereum (ETH) to evade impermanent losses. As a result, the significant movement of such assets intrigues the community as they try and decipher the intent behind the move. Two addresses that have remained dormant for over four years recently came back to life to transfer 22,982 ETH to new addresses — leaving investors scratching their heads. The ETH tokens in question originated from trading platforms Genesis and Poloniex and were found transferring 13,103.99 ETH and 9,878 ETH, respectively. #PeckShieldAlert 2 Dormant addresses transferred …

Tether (USDT) has gone from being a renegade cryptocurrency to becoming the industry's primary crutch during the last seven years, according to a new report. Essentially, USDT is a bridge between traditional currencies like the U.S. dollar and decentralized digital currencies operating on open blockchain networks. Independent crypto outlet Protos provided an in-depth insight into the most common stablecoin and the liquidity providers who supply it to cryptocurrency platforms. According to the report, issued USDT is primarily acquired by just two market makers. Between 2014 and October 2021, Alameda Research and Cumberland received a projected $60.3 billion in USDT, accounting …

United States Securities and Exchange Commission Commissioner Hester Peirce, known colloquially as “Crypto Mom,” has slammed the SEC for its $10-million settlement with cryptocurrency exchange Poloniex. The SEC announced the $10-million settlement on Monday, with Poloniex being charged with facilitating trades in unregistered securities between July 2017 and November 2019. The SEC asserted that Poloniex employees “stated internally” that they wanted to be “aggressive” in circumventing securities regulation in a bid to increase market share by listing new digital assets that may be deemed securities under the Howey Test of 1946. Poloniex elected to neither admit nor deny any wrongdoing. …

The United States Securities and Exchange Commission, or SEC, has charged crypto exchange platform Poloniex for breaching securities trading regulations. According to an announcement by the SEC on Monday, Poloniex offered trading of cryptocurrencies deemed securities to U.S. investors on its platform between July 2017 and November 2019 without duly registering as a securities broker in violation of Section 5 of the Exchange Act. The SEC’s indictment also stated that employees of the exchange actively sought to circumvent securities regulation in a bid to increase the company’s market share. According to the Commission’s enforcement chief Kristina Littman: “Poloniex chose increased …

A U.S. federal court has granted authorization to the Internal Revenue Service, or IRS, to serve a John Doe summons to fintech firm Circle seeking all information on U.S. taxpayers who traded at least $20,000 worth of crypto assets on its platforms between 2016 and 2020. The summons will apply to Circle Internet Financial Inc. including all “predecessors, subsidiaries, divisions, and affiliates, including Poloniex LLC.” According to the Department of Justice’s announcement, Judge Richard Stearns concluded there is “reasonable basis for believing that cryptocurrency users may have failed to comply with federal tax laws.” The document also notes the IRS …

Global cryptocurrency exchanges are increasingly experiencing issues with Dogecoin (DOGE) withdrawals amid Redditors pumping the altcoin up 900% in the past two days. On Thursday, a number of crypto users reported on Twitter that they were unable to withdraw their Dogecoin due to crypto exchanges temporarily halting withdrawals. The affected exchanges reportedly included some major crypto platforms like Poloniex, Bittrex and Yobit. Some crypto users reported that they signed in on Dogecoin-supporting exchanges like Poloniex to buy some DOGE to only find out that withdrawals were unavailable shortly after depositing. “We are working to have the wallet re-enabled as soon …

Polkastarter (POLS) is a cross-chain token pool and auction protocol built on the Polkadot (DOT) blockchain. It launched in October of 2020 as a way for projects to raise capital in a decentralized environment and since January the token has rallied 500% to a new high at $1.78. Three possible reasons for the recent growth of POLS are the strong rally seen from Polkadot, strategic partnerships and exchange listings and an expanding list of token launches via auctions. The rise of Polkadot The rising popularity of the Polkadot network is arguably the most significant influencer on the price of POLS. …

Hacked cryptocurrency exchange Exmo is not able to recover a large amount of stolen funds as hackers withdrew millions of dollars in crypto through the Poloniex crypto exchange. On Dec. 21, Exmo announced a major hack causing the platform to freeze all withdrawals from the exchange. The United Kingdom-based company now estimates total losses to stand at more than $10.5 million in various digital assets like Bitcoin (BTC), Ether (ETH), Tether (USDT), XRP, Bitcoin Cash (BCH), and Zcash (ZEC). Exmo executives allege that as much as $4 million of totally stolen assets cannot be recovered due criminals withdrawing the funds …

With a new all-time price high in sight for Bitcoin, crypto exchange Poloniex recently went offline. “Poloniex is currently unavailable due to an unexpected issue,” the exchange’s customer support Twitter page said on Friday. “We are investigating the issue and will keep you updated here throughout.” Bitcoin has yielded exuberant upward price action in recent weeks, as well as catching growing attention. When traffic becomes dense on exchanges, their systems sometimes go down, locking out traders. This has happened with other exchanges in the past as well, including BitMEX and Coinbase. “Poloniex is now out of maintenance mode,” Poloniex posted …

MEME, a community-driven project inspired by a ConsenSys developer’s satire of the yield farming bubble, has gained nearly 100% in 24-hours to post an all-time high of $1,775 after listing on Poloniex. Since the start of September, MEME has gained more than 900%, despite its supporters promoting the project through the slogan ‘don’t buy MEME.’ MEME is currently the 254th-ranked crypto asset with a $48 million market cap, with more than $17 million worth of MEME changing hands in the past 24 hours. The project’s unlikely rise began when ConsenSys’ DeFi product lead Jordan Lyall created a mock-advertisement for a …

Crypto exchange KuCoin has unveiled dealings with another exchange, Poloniex, in an effort to move the crypto industry forward. "KuCoin and Poloniex will join hands in trading technology research and development, liquidity sharing, product iterations, PoS [proof-of-stake] and PoW [proof-of-work] mining pools, and other industrial exploration," said a statement provided to Cointelegraph. Together, Poloniex and KuCoin aim to help the crypto industry progress as a whole, instead of competing against each other within the sector, the statement detailed. Joint initiatives for the pair include forming a research entity, as well as other unspecified endeavors. KuCoin's decision to team up with …

Decentralized finance (DeFi) project Curve has been forced to launch its DAO and governance token CRV prematurely after an anonymous developer deployed the contracts without the knowledge of the official team. The developer tweeted from a brand new Twitter account that he thought the contracts were ready and had jumped the gun “Yo, @CurveFinance ! Saw your DAO is ready to rock and I gots to MAXIMIZE MY ALPHA ! So I went ahead and deployed it for you. Get at me in DM to verify and let’s get this party started!!” In a preliminary response the Curve team confirmed …