Jatinder Singh, the 37-year-old partner of Thevamanogari Manivel, a Melbourne woman who mistakenly received $10.5 million instead of a $100 refund from digital asset exchange Crypto.com, has been granted bail by the Victorian County Court. Although Senior Constable Conor Healy argued that roughly $7 million had been recovered and Singh could flee with the outstanding...Read More
Jared Grey – the “Head Chef” (CEO) of the automated market maker Sushi Swap – is attempting to establish a $3 million legal defense fund after being subpoenaed by the Securities and Exchange Commission (SEC). Grey declined to comment further on the ongoing investigations but said he and Sushi were cooperating with the agency. In...Read More
Ever since FTX unceremoniously imploded back in November, regulators and courthouses in both the USA and the Bahamas have been working furiously to get as many FTX-held assets back into the hands of their original owners, with varying degrees of success. While court cases in the US have temporarily stalled, owed in part to SBF’s...Read More
Former Coinbase CTO and venture capitalist Balaji Srinivasan has many skeptical of his latest prediction that Bitcoin will moon to $1 million within 90 days. What could he really be after with such a bullish public bet? On Tuesday, Balaji explained that his $2 million gamble isn’t about making money, but about settling an “ideological...Read More
With Bitcoin’s astronomical surge, the crypto market has witnessed an overall bullish trend, touching a new mark in the global market cap. However, with each passing day, investors are witnessing several altcoins rise and fall, and one such cryptocurrency that has been caught under intense bearish domination lately is Cardano. Despite bringing many developments to...Read More
Former Richmond Federal Reserve President Jeffrey Lacker believes the Fed should – and will – remain firm in hiking interest rates at its upcoming March meeting, and subsequent meetings thereafter. Despite a series of bank failures this month that was partly induced by rising rates, the ex-chair believes more will be necessary to combat inflation....Read More
The eyes of the crypto market are currently on Arbitrum as it seeks to revolutionize the industry in the upcoming days. Arbitrum’s highly anticipated ARB token is set to start trading on 23rd March, so the buzz around this launch is palpable. Furthermore, as an innovative Layer 2 scaling solution for Ethereum, Arbitrum has garnered...Read More
[PRESS RELEASE – Please Read Disclaimer] Description: We are excited to present Bware Labs’ mission and vision, which will guide our continued efforts around tackling Web3 challenges and increasing its worldwide adoption. Bware Labs is a blockchain infrastructure provider founded in 2021 with the purpose of contributing to the rise of a truly decentralized Web3...Read More
Pushing on the new industry standard to boost transparency, OKX released its fifth proof-of-reserves (PoR) report. The latest edition demonstrated that the Seychelles-based crypto exchange holds clean assets worth $8.9 billion in BTC, ETH, and USDT. Data shows that OKX’s wallets have 138,405 BTC, 1,325,259 ETH, and 3,264,352,204 USDT against user balances of 134,289 BTC,...Read More
The US-based cryptocurrency exchange – Coinbase – reportedly offered a line of credit worth $3 billion to Circle to help it fix its financial cracks after the collapse of Silicon Valley Bank. The stablecoin-issuer revealed a whopping $3.3 billion exposure to SVB, which negatively affected the price of USDC. The asset plunged way below the...Read More
Decentralized finance analytics firm DeFiLlama apologized for the internal conflict that brewed over the weekend. In an update shared on Twitter, the team cited “poor communication and a misunderstanding.” The drama centers around a native LLAMA token. The team, however, confirmed that there are no plans to launch the token currently planned, and any airdrop...Read More
Bill Ackman – an American billionaire investor and Founder of Pershing Square Capital – thinks the US Federal Reserve should temporarily halt its policy to stabilize the local banking system and prevent contagion. Tesla’s CEO and one of the world’s richest people – Elon Musk – urged the central bank to drop the interest rates...Read More
XRP is one of the major tokens in the crypto space and hence is believed to kick-start a fine upswing very soon. As the Bitcoin price kicked off a notable upswing and formed highs beyond $28,000 recently, the speculations of the star crypto hitting a million began to loom over the markets. In the meantime,...Read More
A recent report by David Duong, the head of institutional research for leading American crypto exchange Coinbase, suggests that crypto is the solution to the point of failure in the existing financial system. The researcher opined that the recent U.S. banking turmoil has caused more people to see and appreciate the value proposition of having...Read More
The Twitter account of one of the leading news channels in India – News24 – became a victim of a recent cryptocurrency scheme. Hackers breached their security to post phishing links of a fake XRP drop, urging people to click and potentially get conned. Crypto scammers have previously compromised the Twitter account of India’s Prime...Read More
Strike CEO Jack Mallers believes Bitcoin is primed to pump following the Federal Reserve’s $300 billion injection into the banking sector last week. Mallers predicts that the US dollar is entering a new era of persistently high inflation, which will only benefit Bitcoin. Is Higher Inflation Inevitable? Speaking with CNBC, co-anchor Kelly Evans asked the...Read More
