In its letter to District Judge Lewis Kaplan on Tuesday, the legal team behind the disgraced FTX founder Sam Bankman-Fried has contested the sentencing recommendation put forth by the Department of Justice last week. The US prosecutors had previously proposed a prison term of 40 to 50 years for the former FTX CEO, but the...Read More
Kyle Davies, the co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), says he is not sorry that his company collapsed in 2022 and lost billions of investors’ funds in the process. Davies expressed his lack of remorse during an interview with Laura Shin on a March 19 episode of the Unchained Podcast,...Read More
On March 19, BlackRock revealed that it is preparing to offer a fund through a partnership with digital asset tokenization specialist Securitize. According to a filing to the US Securities and Exchange Commission, the Wall Street giant plans to launch the “BlackRock USD Institutional Digital Liquidity Fund.” However, the total size of the fund was...Read More
The official X account of Trezor, a renowned hardware wallet manufacturer, fell victim to a devastating compromise, likely organized through a SIM swap attack. The breach resulted in fraudulent messages flooding the platform, promoting fake token sales and wallet scams. Trezor Account Breach The alarm was first raised by ZachXBT, an anonymous on-chain sleuth, who,...Read More
Bitcoin’s recent dip to $60.8K mounted concerns about the sustainability of the rally. It was the biggest single-day decline in a fortnight as a result of a decline in inflows of spot Bitcoin ETFs on the same day. The downturn was widespread, with several altcoins following Bitcoin’s suit. Despite this price correction, the bullish sentiment...Read More
[PRESS RELEASE – New York, NY, March 20th, 2024] Oraichain, an innovator in the integration of artificial intelligence with blockchain technology, has announced the highly anticipated Beta launch of its OraiBTC Subnet on March 19. The development marks the first time Bitcoin (BTC) will be integrated into the Oraichain ecosystem, offering a decentralized bridge for...Read More
[PRESS RELEASE – Palo Alto, California, March 20th, 2024] Pilotfish, a prototype Sui extension, was able to grow smart contract execution throughput in direct proportion to the number of machines used. Mysten Labs, a team of leading distributed systems, programming languages, and cryptography experts and originators of the Sui Network, today announced a landmark achievement...Read More
[PRESS RELEASE – London, United Kingdom, March 20th, 2024] Scorpion Casino ($SCORP), a leading GameFi platform, today announced it has surpassed $8 million raised in its ongoing presale. This significant milestone demonstrates the users’ confidence in Scorpion Casino’s innovative approach to online gaming. The presale funds will be used to further develop the Scorpion Casino...Read More
On March 19, the US Securities and Exchange Commission delayed its decision on whether to approve spot Ethereum ETFs from Hashdex and Ark 21Shares. Both products have now been postponed until a final SEC decision is made in late May. The Ark 21Shares deadline is May 24, and Hashdex will get its application approved or...Read More
[PRESS RELEASE – Cayman, Cayman Islands, March 20th, 2024] zbyte, the trailblazing Web3 infrastructure platform, announces the launch of its groundbreaking SDK, setting a new standard in the ease of blockchain development and accelerating the growth of Web3 ecosystems. This SDK launch is a pivotal step in zbyte’s mission to democratize blockchain technology, making it...Read More
In a worrying trend, Bitcoin miners’ reserves hit a low not seen since April 2021. This coincides with lagging active addresses in the network while Bitcoin short-term holders sold off some of their holdings, dragging its value below $63,000. According to CryptoQuant’s latest analysis, there is a significant decline in the Bitcoin miners’ reserve, reaching...Read More
A Federal High Court in Nigeria has ordered the world’s largest cryptocurrency exchange, Binance, to release comprehensive data of all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC) as the clampdown on the firm for its alleged role in the devaluation of the naira continues. According to a report...Read More
A new listing – SLERFUSDT – featuring SLERF, a sloth-themed memecoin on Solana, is now live on BitMEX, with up to 10x leverage. Trading started here on 19 March at 04:00 UTC. For the lowdown on the latest listing, read on. If you haven’t signed up for a BitMEX account yet, we’re currently offering up...Read More
