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Micah Zimmerman

Micah Zimmerman
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Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

Binance Says $6.34 Billion Hack Began With Fake Job Interview 

NEWS Micah Zimmerman -
Binance’s incident report says the $6.34 billion Oct. 29 theft was a five-month campaign that began with a fake job interview and a poisoned developer tool.

CFTC Opens U.S. Stock Market to Equity Perpetual Futures

NEWS Micah Zimmerman -
The CFTC has cleared perpetual futures on individual stocks to trade on dual-registered U.S. exchanges for the first time.

New Jersey Drops Coinbase Staking Order After Three Years

NEWS Micah Zimmerman -
New Jersey’s securities regulator has rescinded its 2023 cease-and-desist order and $5 million penalty against Coinbase’s staking service.

Bitcoin Price Trades Near $77,500 as Midterm Voting Begins

MARKETS Micah Zimmerman -
Bitcoin price trades near $77,500 as midterm voting begins, pressured by a record $6.3 billion Binance hack, ETF outflows, a Fed leaning toward a December hike and oil above $100 on Iran tensions.

Nvidia, Nike Join 50 Companies Blocking OKX–ICE Stock Token Push

NEWS Micah Zimmerman -
Fifty companies, including Nvidia, Microsoft and JPMorgan, have blocked OKX and ICE from tokenizing their shares under the SEC’s new Innovation Exemption.

Brazil’s Mercado Bitcoin Freezes Deposits and Withdrawals Due to Ongoing Security Incident, Losses Estimated Near $40 Million

NEWS Micah Zimmerman -
Brazil’s largest crypto exchange Mercado Bitcoin says customers suffered no losses, but it has not said how much was taken or when it will reopen.

Binance Reopens Withdrawals as Hack Recovery Enters Second Week 

NEWS Micah Zimmerman -
Binance has reopened withdrawals after its $6.3 billion North Korea hack, covered 95% of losses, and has reserves for the remaining 5%, with post-mortem reviews to stay open.

Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking

NEWS Micah Zimmerman -
Strategy bought 811 bitcoin for $65.5 million and Strive added 124 BTC last week, with the two firms together adding 935 coins and Strategy now holding 849,327 BTC.

Coinbase (COIN) Misses Revenue Estimates as Users Fall, Armstrong Sets Up New Share Sales

NEWS Micah Zimmerman -
Coinbase missed revenue expectations as users declined, despite growth in recurring revenue, while executive share-sale plans and a massive Binance security breach added pressure to crypto markets.

SEC Charges Two Companies in $130 Million Crypto Trading Scheme

NEWS Micah Zimmerman -
The SEC has charged two companies with defrauding investors of over $130 million through a crypto Ponzi-like scheme.
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