Leading cryptocurrency exchange Binance has announced that it is changing the burning mechanism for Terra Classic (LUNC) trading fees. According to the exchange, the changes are in response to two controversial proposals – Proposal 10983 and 11111 – where LUNC burn is being re-minted as a development fund. Binance Makes Changes to LUNC Burn Mechanism...Read More
FXT founder and former CEO Sam Bankman-Fried (SBF) borrowed over $546 million from his trading house, Alameda Research, to purchase a 7.6% stake in Robinhood earlier this year. According to an affidavit filed in the High Court of Justice Antigua and Barbuda on December 12 before the arrest of SBF, the former billionaire teamed up...Read More
Wading through the wreckage of FTX and Alameda, it is clear that some communities were hit a lot harder than others. Several DeFi protocols sporting close ties with the two entities have suffered. Solana, for one, has been hit the hardest since the collapse. The once top 10 market cap asset, SOL has slid to...Read More
In an interesting development, the wallets associated with a leading trading-now bankrupt firm Alameda Research, the FTX’s sister concern. The platform was seen transferring out funds which raised curiosity among the community. Moreover, the manner in which the funds were transferred was the main spotlight that grabbed huge attention. The wallet connected to Alameda Research...Read More
[PRESS RELEASE – Please Read Disclaimer] Leading blockchain-based climate tech startup YES WORLD Token, operated by YES WORLD Climate Tech Pte Ltd based out of Singapore, reaches a significant milestone of 100k holders. YES WORLD Token is getting a lot of interest from crypto enthusiasts worldwide and the number of holders for the cryptocurrency has...Read More
Cryptocurrency investor Avraham Eisenberg has been arrested in Puerto Rico on charges of commodities fraud and manipulation for allegedly stealing more than $100 million from decentralized finance (DeFi) protocol Mango Markets. This marks the first time a U.S. resident has faced charges for manipulating a DeFi platform. Eisenberg Drains $110M from Mango Markets Recall that...Read More
The American business intelligence corporation – MicroStrategy – bought 3,205 BTC between November 1 and December 24. The company sold 704 BTC on December 22, meaning its total holdings currently stand at 132,251 BTC. The largest BTC corporate holder – MicroStrategy – continues following its bitcoin agenda purchasing more amounts of the primary cryptocurrency. It...Read More
The year 2022 is drawing to a close, and all that’s left to do is examine the charts of various cryptocurrencies in order to get an idea of how these assets will behave in the not-too-distant future. Famous analyst Michael van de Poppe picks out a few cryptos to analyze and do an analysis of,...Read More
FTX and some of its former top leadership including have been slapped with a class action lawsuit by customers on December 28, according to the latest Reuters report. The customers have sought a declaration that FTX’s holdings are not the company’s property. The same goes for the traceable customer assets held at Alameda. The lawsuit,...Read More
It appears that a few wallets that are associated with Sam Bankman-Fried’s trading firm, Alameda Research, are swapping several cryptocurrencies and bridging them to BTC. Crypto researcher ErgoBTC took it to Twitter to reveal that wallets associated with Alameda Research (and marked as such on etherscan) are swapping various cryptocurrencies. The accounts have been swapping ERC20 tokens,...Read More
[PRESS RELEASE – Geneva, Switzerland, 27th December 2022] TRON DAO, a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps, today announced that it has joined the Enterprise Ethereum Alliance (EEA). As an EEA member, TRON DAO will collaborate with EEA and its members, the leading business adopters, innovators...Read More
[PRESS RELEASE – New York, United States, 27th December 2022] With sales of non-fungible tokens falling for the 6th straight month, and falling by 60% in just Q3 to Q4 this year, it’s understandable to say the market is feeling pessimistic. A number of factors contribute to this such as interest rate increases cooling the...Read More
2022 is coming to an end, but the crypto market downturn is showing no signs of letting up. Nowhere is this more evident than the complete and total beating that metaverse tokens like Axie Infinity (AXS) and Decentraland (MANA) and their investors took the entire year. The succeeding bankruptcies that affected the market’s most prominent...Read More
This December 27, Kaspersky Lab announced that the North Korean hacking group ‘BlueNoroff’ stole millions of dollars in cryptocurrencies after creating more than 70 fake domains and impersonating banks and venture capital firms. According to the investigation, most of the domains mimicked Japanese venture capital firms, denoting a strong interest in user and company data...Read More
