The US-based cryptocurrency miner Riot Blockchain produced 740 BTC last month, a 62% increase compared to January 2022 and a new monthly all-time high for the company. The positive start of the year contrasts the disappointing production levels and shrinking revenue towards the end of 2022. Hitting an ATH Despite experiencing issues with its mining...Read More
A group of South Korean officials reportedly arrived in Serbia last week to look for the infamous Do Kwon. The 31-year-old has been on the run since the collapse of his blockchain protocol Terra. The latter’s native token – LUNA – and algorithmic stablecoin – UST – plunged to essentially zero last year, affecting numerous...Read More
Decentralized finance (DeFi) protocol CoW Swap has suffered a smart contract exploit, leading to the loss of approximately 551 BNB ($181,600). According to reports, the attacker added a wallet address as a “solver” of CoW Swap and invoked a transaction to approve DAI transfers to SwapGuard before moving the assets to other addresses. A Settlement...Read More
Today the crypto market has been leaning towards bearish sentiment ahead of Jerome Powell’s speech. This bearish pull was also affected on Crypto related stocks. The world’s first cryptocurrency, Bitcoin has lost its crucial resistance of $23K and is now trading around $22.5K. At the time of reporting, Bitcoin is selling at $22,900 with a...Read More
The largest cryptocurrency exchange – Binance – added its name to the list of companies that provided help to Turkish residents affected by the recent devastating earthquake. It will give away $100 worth of BNB to each of its local users and launched a public donation address where everyone can contribute. Binance vowed to airdrop $100 in...Read More
Ishan Wahi, a former product manager at the largest US-based crypto exchange, pleaded guilty to two counts of conspiracy to commit wire fraud. His brother did the same a few months back, receiving a 10-month prison sentence. CryptoPotato reported in July 2022 when the US Department of Justice charged Ishan Wahi, his brother Nikhil, and...Read More
Following the spectacular collapse of numerous CeFi companies last year, all regulatory eyes have been focused on the crypto industry. Joseph Lubin, the CEO of ConsenSys, also weighed in on the matter during the Building Blocks 23 event in Tel Aviv, saying his organization wants to collaborate with global watchdogs to introduce more friendly regulations....Read More
Shared liquidity protocol dPRIME Asset Modules Finance (DAM Finance) has launched its mainnet, enabling users to “teleport” their liquidity across several blockchain networks. According to a press release, the decentralized, multichain liquidity infrastructure layer is currently live on Ethereum and Moonbeam. DAM Finance Unveils Multichain Liquidity Layer DAM’s global shared infrastructure offering would allow users...Read More
British Virgin Islands-based investment management and cryptocurrency trading firm Statistica Capital has filed a lawsuit against New York-based Signature Bank, alleging that the financial institution facilitated the fraudulent activities of crypto exchange FTX before its collapse. According to a Bloomberg report, the class suit was filed at the US District Court for the Southern District...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) There are many activities we modern humans engage in so that we can be more present. Mental clarity and...Read More
Altcoins are yet again displaying enough momentum, much required to stand strong during the times when Bitcoin prices are trembling down. While most of the assets experienced a notable pullback in the last few days, some of them maintained their strength and continued to consolidate within narrow regions. The altcoins like Aptos, Litecoin, and Shiba...Read More
WeTransfer, a freemium model file-sharing platform, has moved towards Web3 with a recently announced partnership with Minima that would allow users to create and send NFTs from their phones. Creativity and Privacy According to Damian Bradfield, the Chief Creative Officer at WeTransfer, the decision to partner with Minima came due to a closely-aligned vision and...Read More
On Feb. 6, Genesis announced that it has arrived at a global resolution that will “maximize value” for all Genesis clients and stakeholders. The in principle agreement is with its parent company DCG and groups of creditors which, on aggregate, hold or represent more than $2 billion in asserted claims. In early January, Genesis axed...Read More
John J Ray III has earned $690K for two months as CEO of FTX. This might be a dream for the average person, but he swears this has been his worst nightmare. The new CEO of FTX, John Ray III, recently appeared before the United States Bankruptcy Court for the District of Delaware to share...Read More
Binance – the world’s largest crypto exchange – announced on Monday that it will pause all deposits and withdrawals in USD from bank accounts starting February 8. The company said it will work to restart the feature as soon as possible. Why the Suspension? After announcing the suspension over Twitter, Binance offered no particular explanation...Read More
Major Chinese cities, including Shenzhen, Jinan, and Lianyungang, have reportedly launched approximately 200 activities involving the digital yuan during the Spring Festival. The authorities aim to boost the asset’s adoption during one of the largest holidays in the country. China Continues With its CBDC Efforts According to recent coverage, the local government started digital yuan activities...Read More
