The South Korean court has reportedly frozen 120 billion won (over $93 million) in assets belonging to executives of blockchain consultancy firm Kernel Labs. The entity is speculated to have had a hand in Terra’s collapse earlier this year while its CEO – Kim Hyun-Joong – served as Vice President of Engineering at Terraform Labs. ...Read More
Coinbase founder and CEO Brian Armstrong, for one, believes that ideal crypto regulations should start with centralized actors since most of the damage to the consumers has been done by these entities. In a recently released “realistic blueprint,” Armstrong highlighted the need to pursue legislation early instead of waiting for something comprehensive and perfect. Regulations...Read More
U.S. Congressman Tom Emmer doesn’t believe that the arrest of FTX founder Sam Bankman-Fried (SBF) – which allowed him to miss a scheduled congressional hearing on December 13 – was purely due to good fortune. Rather, the politician suspects that the arrest was “purposeful,” due to Bankman-Fried’s various connections and information. Centralized Failure Speaking with...Read More
FTX’s collapse has shaken the crypto market to the very core. But this isn’t the first time the space has experienced significant turmoil related to the failure of an exchange. The fall of Mt. Gox, an exchange that oversaw 80% of all Bitcoin trades back in February 2014, did likewise. Its former chief executive officer...Read More
[PRESS RELEASE – Please Read Disclaimer] Mizar brings forward a cryptocurrency trading platform that manages, optimizes, and automates trade in a way that doesn’t require users to spend countless hours staring at charts. Now, the company is proud to announce its new non-custodial bot trading feature available on WOO X. Mizar partnered with WOO Network...Read More
[PRESS RELEASE – Buenos Aires, Argentina, December 20, 2022] BC.GAME, AFA’s official crypto casino sponsor, is celebrating Messi and Argentina’s legendary win with a huge lottery event. Up to $100,000 is up for grabs for the crypto casino’s VIP players. More information about the event will be disclosed to qualified players through email and platform...Read More
Reddit has quickly become one of the most reliable sources for crypto traders. It has provided a platform for comprehensive analysis and discussion. Although some Redditors may have biases toward specific projects, the platform still enables hopeful investors to discover significantly undervalued cryptos before they become well-established. With that in mind, this article discusses the...Read More
The ongoing litigation between Ripple and the SEC has kept everyone apprised of the latest developments. Nicole Tatz, an attorney who has been working with Brad Garlinghouse’s team from the beginning of the litigation, suddenly resigned from her role representing Ripple in the dispute. The anticipation among investors that December would be a turning point...Read More
The founder of Polygon – Sandeep Nailwal – has assembled a team of founders gathered from the entire Web3 ecosystem – and has launched a startup accelerator to power the future growth of the nascent industry. Enters Beacon Beacon is a Web3 accelerator built by Web3 founders, including Nailwal and other well-known names in the...Read More
Mojito Markets, an Aptos decentralized exchange (DEX), is the latest one to reveal exposure to the FTX implosion. As a result, the platform is putting a pause on project development until the macroeconomic situation recovers. In a blog post, Mojito Markets said that it had lost project funds that were under the custody of the...Read More
BlockFi sought permission from the US Bankruptcy Court to allow its customers to obtain their crypto holdings (locked in BlockFi Wallets due to the firm’s problems). The firm paused withdrawals on November 11, the same day FTX and Alameda Research filed for Chapter 11 Proceedings in the United States. It goes without saying that BlockFi...Read More
According to a new report by CNN, the former CEO of FTX has agreed to be extradited to the US, where he is facing criminal charges. CNN cites Jerone Roberts – the attorney who represents Sam Bankman-Fried in the Bahamas, who has confirmed that SBF “has agreed to be voluntarily extradited to the United States...Read More
According to Andreessen Horowitz crypto fund founder Chris Dixon, the majority of the capital in its most recent fund has yet to be deployed. In May, a16z announced a $4.5 billion venture fund for web3, crypto, and blockchain startups. Speaking on The Block’s podcast on Dec. 19, Dixon said that they had deployed less than...Read More
The crypto winter is proving to be unbearable for some, but other businesses enjoy the cold weather. Binance is taking advantage of the current market conditions to expand into the Asian market by acquiring its third licensed crypto exchange. This Dec. 19, Binance confirmed that it became the majority shareholder of Indonesian cryptocurrency exchange Tokocrypto,...Read More
The court filing argued that Höptner’s termination was “wholly wrongful and without basis.” Former BitMEX Chief Alexander Höptner has sued his former employer for $3.4 million for breach of agreement and wrongful termination. This includes $2.4 million for his second-year bonus and smaller amounts for remaining wages, relocation expenses, and housing. The claim, filed by...Read More
