Early Bitcoin adopter and executive chair of Bitcoin.com, Roger Ver, said he has “sufficient funds” to pay Genesis Global after being hit by a lawsuit by the now-bankrupt crypto broker’s unit – GGC International. The Bitcoin Cash proponent noted that he is happy to pay the amount he owes but pointed out that the agreement...Read More
US Bitcoin Corp – a North American Bitcoin mining firm – has been ordered to cease operations by a State Supreme Court Justice, or face penalties of $10,000 per day. If the miner continues to operate through the end of January, the fine will increase to $25,000 per day. US Bitcoin Under Fire As reported...Read More
Mango Markets’ exploiter Avraham Eisenberg was hit with a lawsuit by Mango Labs, the company behind the DeFi protocol, for $47 million in damages. The Wednesday filing with the United States District Court for the Southern District of New York alleges that Eisenberg executed a malicious attack on Mango Markets by manipulating the native token,...Read More
As we’ve seen over the years, blockchains aren’t quite as secure as some pretend they are. Rather, although the technology is one of the most secure ways of storing data available to the public, poor coding, social engineering, and the like can still allow bad actors to take advantage of unwary victims. Guessing Games In...Read More
A recent document filed with the United States Bankruptcy Court for the District of Delaware revealed that FTX’s creditors consist of over 9.7 million companies and individuals. Some of the most famous entities include the likes of Apple, Amazon, Google, Meta, Netflix, Microsoft, and more. Who Got Burned? One of the darkest moments in crypto’s...Read More
It’s been a green day (profitable) for Gala (GALA) and Chiliz (CHZ) investors, with both tokens showing signs of bullish sentiment. However, Gala (GALA) and Chiliz (CHZ) cannot compare to the immense returns that Snowfall Protocol (SNW) will soon be providing investors with. In this breaking crypto news report, we’ll investigate why Snowfall Protocol (SNW)...Read More
The world’s largest economy just announced the GDP figures for the latest quarter of 2022, showing moderate but declining growth compared to Q3. Unlike most previous statements coming from the US, this one brought little-to-no immediate volatility to the crypto market, with BTC still standing above $23,000. The overall expectations ahead of the Q4 2022...Read More
It was just yesterday that Bitcoin was pulled back below its crucial resistance of $23K. However, the flagship currency started the day above $23K before making a slight drop around $22,900. The similar pattern is followed by Ethereum, BNB, Cardano, Solana, XRP and other altcoins which are trying their best to hold on to their...Read More
The central bank of the Netherlands – De Nederlandsche Bank (DNB) – reportedly fines Coinbase 3.3 million euros ($3.6 million) for failing to comply with local rules. The exchange recently announced its second wave of layoffs and said it will stop operating on the Japanese market. As reported by Reuters, the central banking institution of the...Read More
Robinhood is a platform well-known for its user-friendly approach to stocks, allowing them to make investments quickly in a variety of ways. It also enables them to buy crypto and is a household name among such investors. However, Robinhood is primarily a stock trading platform and, as such, does not have a proprietary cryptocurrency. That...Read More
The crypto industry appears to be slowly recovering from the catastrophic collapse of the FTX crypto exchange, marking one of the worst years in the sector’s history. However, several blockchain networks are making strides in the terms of development activity. According to the latest data from the crypto-analytic firm Santiment, Polkadot (DOT) and Kusama (KSM)...Read More
Tesla, the electric car company led by Elon Musk, did not sell the remaining of its Bitcoin stash, as it was supposed to do during the 4th quarter of 2022, according to a filing published by the Securities and Exchange Commission (SEC). Tesla’s BTC holdings should be priced at around $245 million, which would be...Read More
The US-based bitcoin miner – Core Scientific – reportedly secured a $500 million fundraiser led by leading finance players, such as BlackRock, Apollo Capital, Kensico Capital, Ibex Investors, and others. The company filed for bankruptcy protection at the end of last year but continued mining BTC to repay debtholders. Traditional Finance Firms Flocking to Help...Read More
Decentralized cryptocurrency exchange dYdX has postponed plans to unlock nearly $300 million worth of dYdX tokens for investors, extending the lockup period from February until December. Since the news broke, DYDX has surged by 24% on the day. Extending the Lock-up Period As announced by dYdX on Wednesday, the dYdX foundation, dYdX trading, and parties...Read More
