• Hackers broke through the social media accounts of Robinhood, a prominent US online trading platform, to peddle a fraudulent coin called RBH on the Binance Smart Chain.
• An analysis of the token reveals that creator and tokenomics information are missing.
• Binance CEO Changpeng Zhao disclosed on Twitter that the account in question had been suspended, and Robinhood has admitted that a third-party vendor was likely to blame for the breach.

Online trading platform Robinhood experienced a major security breach this week after hackers infiltrated the company’s social media accounts in order to peddle a fraudulent coin. The fake token, known as RBH, is on the Binance Smart Chain and had an initial price of $0.005.

Upon further analysis, it was discovered that the token lacked creator and tokenomics information, leading many to believe that it was a scam. This was corroborated when Binance CEO Changpeng Zhao tweeted that the account in question had been suspended.

Not only was the Robinhood Twitter account affected, but other social media profiles, including Facebook and Instagram, were also targeted. According to an analysis by internet inspector ZackXBT, the fraudsters were able to extract around $8,200 worth of BNB tokens.

In response, Robinhood released a statement admitting that a third-party vendor was likely responsible for the breach. They claimed that the unauthorized posts from the various social media profiles were removed within minutes.

The incident highlights the need for increased security measures in the cryptocurrency space, as well as the importance of being vigilant when it comes to digital assets. With the rise of cybercrime and hackers becoming more sophisticated, companies must take the necessary steps to protect their clients’ data and investments.

It remains to be seen how Robinhood will recover from this breach and if any legal action will be taken against the hackers. In the meantime, the company is urging customers to remain vigilant and to report any suspicious activity on their accounts.

• FTX, a crypto exchange, reported that more than $415 million worth of crypto was hacked.
• Alameda Research, a hedge firm, lost $2 million in cryptocurrency in the attack.
• Sam Bankman-Fried, the CEO of FTX, was arrested in the Bahamas last month on several charges.

FTX, a crypto exchange, has been the subject of much scrutiny after it reported more than $415 million worth of crypto was hacked. The incident happened on November 12, just a few days after the new CEO of FTX, Ray Dalio, disclosed that the government of the Bahamas could be behind the attack.

Alameda Research, a hedge firm, was also affected by the attack, losing $2 million worth of cryptocurrency. The individual or group behind the attack has not been identified yet, but the Department of Justice has reacted strongly to the news, leading to speculation that the attack was politically motivated.

The incident has had repercussions for the leader of FTX, Sam Bankman-Fried. He was arrested in the Bahamas last month on several charges that could put him behind bars for up to 115 years. Adding to the controversy, Bankman-Fried allegedly moved more than $1.5 million using accounts from his crypto exchange’s trading arm, Alameda Research.

The crypto community has been left reeling by the news. Many have been quick to point out the suspicious timing of the attack and Bankman-Fried’s arrest. The failed exchange has also led to a cascade of events that has exacerbated the already struggling crypto market.

In response to the attack, FTX has recovered more than $5 billion worth of liquid assets which will be used to pay off creditors. This sum is expected to go some way in restoring faith in the platform and its users, but it is still unclear what the long-term effects of the attack will be.

The hack on FTX has been a major setback for the crypto industry. It has highlighted the importance of security when dealing with digital assets, and has shown just how vulnerable the industry can be to malicious attacks. As the investigation continues, the crypto community will be watching closely to see how the situation is resolved.

• Shiba Inu (SHIB) has seen a 20% price surge in the last 24 hours.
• This spike in price was likely caused by an increase in whale activity and the launch of the Shibarium update.
• The burn rate on the SHIB network spiked to 613%, with over 70 million SHIB tokens being burned.

The digital asset market has been on a roller coaster ride lately and the Shiba Inu (SHIB) token has been no exception. In the last 24 hours alone, SHIB has seen a massive 20% surge in its price, taking it beyond its previous barriers. The sudden price rally was unforeseen, as SHIB had been on a steady rise since January of this year.

The increased price has been accompanied by an increase in whale activity in the SHIB network. According to Shibburn, a platform that tracks burned SHIB tokens, the burn rate of SHIB tokens spiked to 613% with over 70 million SHIB tokens being burned in the process. This activity likely contributed to the sudden price surge as the whales were actively moving funds.

The launch of the Shibarium update is also likely to have been a factor in the increased price. Shibarium is a layer-2 scaling solution that anchors on Ethereum and is designed to power the Shiba Inu ecosystem. Upon the announcement of the Shibarium testnet, SHIB’s price gained 21% in the market. The Shibarium update is expected to offer users faster transactions, lower fees, and improved scalability, which could further contribute to the success of SHIB and its price.

At the moment, SHIB is showing no signs of reversing its price and is still on an upward trend. Whether or not the trend will continue is yet to be seen, but for now, it looks like SHIB is here to stay.

• The wrapped Bitcoin (WBTC) supply on Ethereum has dropped by around 35% since the LUNA/UST collapse last year.
• At its all-time high (ATH), around 285,000 BTC was locked into the WBTC supply.
• WBTC is an ERC-20 token that allows investors to gain exposure to BTC while leveraging the Ethereum blockchain.

The wrapped Bitcoin (WBTC) supply on Ethereum has seen a dramatic drop in recent months, falling by around 35% since the LUNA/UST collapse last year. According to data from the on-chain analytics firm Glassnode, the WBTC supply on the Ethereum network had reached an all-time high (ATH) of 285,000 BTC last year.

WBTC is an ERC-20 token, meaning it is a “tokenized” version of the Bitcoin cryptocurrency that operates on the Ethereum blockchain. This token allows investors to gain exposure to Bitcoin while leveraging the Ethereum blockchain for faster transactions. The token is backed 1:1 with actual BTC, meaning it always trades at the same price as the crypto.

The growth of the WBTC supply was driven by the bull market throughout 2020 and 2021, but the metric has since slowed down in the first half of 2022 and peaked at 285,000 BTC. Since the LUNA/UST collapse back in May of last year, the WBTC supply has seen a 35% drop, with around 101,550 BTC exiting the network.

The drop in the WBTC supply could be attributed to a number of factors, such as investors cashing out their Bitcoin profits, or simply trading their WBTC tokens for the actual crypto. Additionally, the recent surge in the value of Ethereum could be drawing investors away from WBTC and back to holding Bitcoin directly.

Despite the recent drop, the WBTC supply is still much higher than it was at the start of 2021, when it was around 70,000 BTC. This indicates that there is still a considerable amount of interest in WBTC as an investment option.

Overall, the WBTC supply on Ethereum is still a relatively new concept, but its growth indicates that investors are increasingly looking for ways to gain exposure to Bitcoin while leveraging the Ethereum blockchain. As the crypto market continues to develop, we can expect to see further growth in the WBTC supply in the near future.

• The Central Bank of India has been displaying strong hostility towards crypto for a long time now.
• The RBI governor, Shaktikanta Das, has again expressed severe concerns about regulating the industry.
• The RBI’s governor, Shaktikanta Das, has stressed that the FTX crash has proven how cryptocurrency being a speculative industry is detrimental to the economy.

The Reserve Bank of India (RBI) has been displaying strong hostility towards the cryptocurrency industry ever since its popularity rose in India. This has kept crypto investors and enthusiasts on their guard as the annual budget date draws closer.

Shaktikanta Das, the RBI governor, has been vocal about his concerns regarding the regulation of the industry. At the Business Today Banking and Economy Summit, he argued that private digital assets should be banned as it holds a ‘make-believe factor’ and is nothing but a ‘100 percent speculation world.’ He has repeatedly referred to cryptocurrency as an ‘unstable instrument’ and ‘nothing but gambling.’

The situation has been made worse due to the crash of FTX. Das has said that this incident has proven how the speculative nature of cryptocurrency can be detrimental to the economy. Previously, the Indian government had warned that the influx of private digital assets could cause the dollarization of the economy, which is not ideal for the nation.

In response to these events, the Central Bank of India has now issued a stern warning against the use of Bitcoin and other virtual currencies. They have stated that these assets hold no intrinsic value whatsoever and should be avoided.

It is clear that the RBI is intent on regulating the cryptocurrency industry and will continue to express their concerns until the matter is resolved. This could potentially have a major impact on the crypto market in India and it remains to be seen what changes the central bank will implement in the near future.

• Bitcoin is showing some renewed energy, trading at $20,883 and leading the crypto market to rally.
• Analysts believe that if BTC breaks through this crucial resistance, the start of the bull market is at hand.
• On Twitter, the crypto community is completely bullish on their bull market hypothesis, noting the similarity between current and 2019 candles.

Bitcoin is currently seeing a renewed energy, with its top cryptocurrency trading at $20,883 and leading the crypto market to rally as optimistic investors enter the market. This surge in the price of Bitcoin is due in part to the recent release of the Consumer Price Index (CPI) data, which is showing an improving economic trend. This has led many analysts to believe that if Bitcoin can break through the current resistance level of $21,000, then the start of a bull market is imminent.

The crypto community has been particularly bullish on their bull market hypothesis as of late. On Twitter, many have noted the similarity between the current and 2019 candles, with Rekt Capital specifically pointing out that the size of the current candle is almost identical to the one that confirmed the bull market back in April of 2019. This has given the community renewed hope that the next bull market may be just around the corner.

In addition to this, the recent retest of Bitcoin has led to a large number of short positions being liquidated. This has only added to the bullish sentiment amongst traders, as the possibility of an upwards break from the current resistance level grows.

Overall, the future of Bitcoin looks bright, with the current market conditions indicating a potential bull market on the horizon. If Bitcoin can break past the $21,000 resistance level, analysts believe that the start of a new bull market is at hand. Until then, the crypto community will continue to monitor the situation, watching eagerly for the next major break in the Bitcoin market.

• According to a Souq Analyst survey, 65,000 people in Oman own bitcoin and other cryptocurrencies.
• 98% of the adult population in Oman is aware of cryptocurrencies.
• Bitcoin is the most popular cryptocurrency among Oman’s crypto owners, followed by Ethereum, XRP, Tether, and other alternative cryptocurrencies.

A new Souq Analyst survey has revealed that a surprising number of people in Oman possess bitcoin and other forms of cryptocurrency. The survey concluded that about 65,000 people in the country own some form of cryptocurrency. This figure represents almost 2% of the adult population in Oman, which indicates that knowledge of cryptocurrency in the Arab state is significantly high.

The survey revealed that a remarkable 98% of Oman’s adult population had heard of cryptocurrencies, showing a growing awareness. Bitcoin is the most popular cryptocurrency among Oman’s crypto owners, with over 55% of respondents indicating ownership. Ethereum ranks second, followed by XRP, Tether, and other alternative cryptocurrencies.

The study also indicated that a sizeable percentage of bitcoin owners consider their holdings as a secure alternative to traditional money. Over 12% of respondents said they own crypto assets worth more than 10,000 OR ($26,000) while 11% said they own assets worth between 5,000 OR and 10,000 OR ($13,000 – $26,000).

Furthermore, the survey suggested that the level of crypto-awareness in the country is rising rapidly. The study indicated that roughly one-fourth of the respondents had completed high school and that 90% of cryptocurrency owners in the country are between the ages of 18 and 44.

Souq Analyst provides its community with stock market news and analysis, investment ideas, charts, and portfolio analysis. Moreover, the community provides country-specific perspectives on banking, cryptocurrencies, crowd funding, and investing.

The survey has provided valuable insights that can be used to help guide the development of the crypto industry in Oman. The growing awareness of cryptocurrency and rising numbers of crypto owners in the country is evidence that Oman is well on its way to becoming a major player in the global crypto market.

•Judge John Dorsey has allowed the sale of four units of failed crypto exchange FTX.
•LedgerX, a derivatives trading platform, and Embed, a stock trading platform with regional branches, are among the assets.
•Investment firm Perella Weinberg has received interest from 117 potential buyers.

The Delaware Bankruptcy Court recently green-lit the sale of four units of failed crypto exchange FTX. The sale of the FTX assets, which comprises the European and Japanese divisions of the cryptocurrency exchange, can now begin, with investment firm Perella Weinberg having received interest from 117 potential buyers. The official expression of interest to purchase the permitted units of exchange can be made between January 18 and February 1.

The once-dominant exchange crashed shortly after news broke that its trading arm Alameda Research had fabricated its financial statements. The failed exchange is now looking to pay back its debts by selling its more separate and financially sound assets. The court’s decision makes it official that there can be bids, an auction, and a sales hearing. The final approval of any transaction will happen at a later date.

At the outset of Wednesday’s hearing, the attorney of the failed exchange, Andy Dietderich, informed US Bankruptcy Judge John Dorsey in Delaware that the exchange had located over US$5 billion of cash, liquid cryptocurrency, and liquid investment securities. This was a promising sign that the exchange could pay its debts and move forward.

The sale of the four units of exchange is a promising step in the right direction for FTX. The exchange is hoping to get back on its feet and become a dominant player in the crypto market once again. The interested buyers have the opportunity to purchase the units of exchange at a discounted rate, and the hearing will determine which of the 117 potential buyers will be chosen to purchase the assets.

The failed exchange is looking to the future with optimism and is hoping to be back in the game soon. With the court’s decision, the process to find a buyer has officially begun and soon enough, FTX will be able to get back on its feet and become a major player in the crypto market once again.

• According to data from the on-chain analytics firm Glassnode, the average cost of production for miners is now around the current price levels.
• The relevant indicator here is the “difficulty regression model,” which is an estimation of the cost of Bitcoin production that the average miner incurs.
• The Bitcoin difficulty regression model has a value just around the current BTC price levels right now, suggesting that miners might find relief after a period of immense pressure.

Data from on-chain analytics firm Glassnode suggests that Bitcoin miners may soon find some relief. The indicator providing this insight is the ‘difficulty regression model’, which is an estimation of the cost of Bitcoin production incurred by the average miner. This model is based on the concept of ‘mining difficulty’, which is a built-in feature on the Bitcoin blockchain that decides how hard miners must work to successfully mine a block on the network. To relate the difficulty with the market cap of Bitcoin, the model uses a log-log regression analysis.

The data shows that the Bitcoin difficulty regression model is currently just around the current price levels of Bitcoin. This means that the cost of Bitcoin production is now in line with the current market price of the asset, suggesting that miners may soon finally find some relief after a period of immense pressure. This could be a major boon for the industry, as miners have been struggling to remain profitable in the face of declining prices and increasing competition.

The average cost of production for miners has been steadily increasing over the past few years, making it difficult to remain profitable. This has led to a number of closures, with many miners either shutting down or switching to more profitable coins. However, with the current price of Bitcoin now in line with the difficulty regression model, miners may be able to remain profitable and continue to operate without any additional strain.

The news of the potential relief for miners may also provide a boost to the overall market. If miners are able to stay profitable and continue to operate, it could lead to increased market activity and potentially higher prices. This could provide a much-needed boost to the industry, as many investors have been waiting for a price surge for some time.

Overall, the data from Glassnode suggests that Bitcoin miners may soon find some much-needed relief. By having the current price of Bitcoin in line with the difficulty regression model, miners may be able to remain profitable and continue operating without any additional strain. This could be a major boon for the industry, providing a much-needed boost to the overall market.