Bankrupt crypto lender, BlockFi revealed that the US Bankruptcy Court for the District of New Jersey has conditionally approved its disclosure statement. The development essentially demonstrated that the reorganization process of BlockFi continues to make gradual progress eight months after filing the voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code....Read More
zkSync creator and Matter Labs CEO Alex Gluchowski refuted allegations of plagiarizing code without appropriately crediting zero-knowledge scaling firm Polygon Zero. Gluchowski called the accusations “unfounded, misleading, and extremely disappointing” from a team the exec “highly respects.” The comments are in response to Polygon Zero’s lengthy blog post accusing the developers of Matter Labs of...Read More
Decentralized exchange Curve Finance has teamed up with Metronome and Alchemix to offer a 10% bug bounty to the attackers behind the recent exploit that saw more than $50 million siphoned off the platforms’ pools. According to an on-chain message on one hacker’s Ethereum address, the protocols are willing to cease the pursuit of the...Read More
While anticipation over a potential Bitcoin (BTC) spot ETF has gripped investors, an Ethereum (ETH) ETF approval may also be waiting in the wings. Bloomberg analysts are now assigning 75% odds of one such product being approved in the United States this year. Ethereum ETF On The Horizon As tweeted by Bloomberg ETF analyst James...Read More
If you’re like most people and have little to no time to dedicate to your investment portfolio, passive income can sound too good to be true. But there are many opportunities for passive income in the crypto, stock, and commodity markets. You just need to make time to find the right one for you. In...Read More
America’s largest cryptocurrency exchange Coinbase has submitted a motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The motion, filed with the U.S. District Court for the Southern District of New York, argues that crypto assets are neither investment contracts nor securities and so fall outside the SEC’s delegated authority as...Read More
In the midst of a lackluster price movement across the wider cryptocurrency market, XRP experienced an unusual downward trend. The cryptocurrency recently became the fifth-largest crypto by market cap owing to Ripple’s partial but impressive win against the US Securities and Exchange Commission (SEC). The asset even briefly surpassed BNB as the fourth-largest last month....Read More
Revolut – a leading financial technology company that enables customers to buy and sell a variety of cryptocurrencies – will cease such options for its US users from September this year. It said the main reason behind the terminated service is the regulatory uncertainty in the world’s largest economy. As reported by Reuters, Revolut will stop...Read More
[Press Release – Zug, Switzerland, August 4th, 2023] D8X’s pre-seed round features Polygon Ventures, Axelar Network, Swissborg Ventures, and others D8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and other notable investors. The capital will help D8X launch a decentralized derivatives...Read More
Yesterday, the leading US-based cryptocurrency exchange, Coinbase, announced its so-called Onchain Summer. In response, the lead developer of Shiba Inu (SHIB) – Kusama – called it a copycat. As CryptoPotato reported yesterday, Coinbase announced the so-called Onchain Summer, revealing the public launch date of Base. Onchain Summer will be a month-long festival by 50 creators and developers...Read More
Seychelles-based cryptocurrency derivatives exchange Bitget has announced a one-year partnership with renowned American actor and comedian, Adam Devine, as part of the #SetForChange campaign. With the move, Bitget aims to promote crypto education and foster wider adoption through an “engaging and lighthearted approach.” The collaboration also comes amidst the rebranding initiative following its acquisition of...Read More
Binance has taken an innovative step by incorporating Shiba Inu (SHIB), among other crypto assets, as a collateral option on its platform. The move not only demonstrates the continual evolution of the crypto-financial landscape but also has sparked significant interest in the Shiba Inu ecosystem. Expanding the Horizons Binance has announced a significant expansion of...Read More
Crypto exchange, Binance has announced the addition of twenty-two loanable assets and collateral assets on Flexible Loan and VIP Loan on August 4th. New collateral assets include popular memecoin Shiba Inu (SHIB), along with Compound (COMP), Enjin (ENJ), and other tokens such as IOTA, RLC, HOT, THETA, and IOST. Binance’s latest official announcement, soon sparked...Read More
On Aug. 3, CEO and founder of MN Trading, Michaël van de Poppe, reported on the current state of the crypto market and the lengthening crypto winter. Altcoin investors are slowly losing faith in the markets as they are still not moving at all, he said. Furthermore, altcoin markets have been trending downwards since May...Read More
Heather Rhiannon Morgan (aka “Razzlekhan”, 33) pled guilty to a money laundering conspiracy in connection with the 2016 Bitfinex hack on Thursday, which saw more than 119,756 Bitcoin (BTC) robbed from customers. This came moments after her husband, Ilya “Dutch” Lichtenstein (35), pleaded guilty to being the man behind the hack itself. Bitfinex Hacker Confirmed...Read More
