The person behind the recent Radiant Capital exploit has reportedly moved nearly all of the stolen crypto, valued at about $52 million, from Layer-2 networks to Ethereum. Blockchain security firm PeckShield shared the information on October 24, further dampening any hopes of recovering the funds. Attacker Almost Done Bridging Stolen Funds According to PeckShield, the...Read More
Alex Mashinsky, the former CEO of Celsius, is scheduled to appear in the United States District Court for the Southern District of New York on November 13. He faces multiple serious charges, including securities fraud, commodities fraud, wire fraud, and market manipulation. Judge Orders Mashinsky to Present Arguments in Court According to an October 23...Read More
After facing backlash for comments suggesting that regulated entities like BlackRock and Fidelity are safer options for holding Bitcoin, MicroStrategy founder Michael Saylor clarified his stance on self-custody. In a tweet, Saylor expressed his support for individuals who choose to self-custody their Bitcoin, while also advocating for the right of everyone to make their own...Read More
[PRESS RELEASE – New York, USA/NY, October 24th, 2024] The roadmap features L2 payments, trading, and DeFi, with a UX that adopts Satoshis (SATs), Bitcoin’s more intuitive smallest denomination. Base8, a Bitcoin Layer 3 platform for mobile, is proud to announce its official launch, bringing a seamless, easy-to-use solution to the world of cryptocurrency. Built...Read More
Bitcoin is yet to climb above the much-anticipated $70,000 despite several notable upside moves. However, data points to BTC’s short-term uptrend potential, based on the Coinbase Premium Index. In such a scenario, the crypto asset could see a possible price rally. Bitcoin’s Price Rally Soon? By examining the Coinbase Premium Index on a 1-hour time...Read More
Following over a decade of operating as one of the largest digital asset trading platforms, the United States-based crypto exchange Kraken has decided to launch its own blockchain. A Bloomberg report disclosed that Kraken’s network would likely go live in early 2025. The new blockchain, dubbed Ink, would be designed primarily for decentralized applications enabling...Read More
[PRESS RELEASE – Zug, Switzerland, October 24th, 2024] Leveraging Impossible Cloud’s web2 expertise with 1,000+ enterprise clients, Impossible Cloud Network (ICN) positions itself as the leading DePIN project globally, with its testnet facilitating the onboarding of network validators ahead of the node sale ICN is aiming to address large-scale demand with its open multi-service cloud...Read More
Abstract: We take a look at MicroStrategy’s outstanding bonds and look at their structure and convertibility options. We comment on the possibility MicroStrategy could be required to sell Bitcoin, in order to pay back bondholders in the event of cash redemptions. We argue that these forced liquidations appear highly unlikely, based on the current debt...Read More
[PRESS RELEASE – Vilnius, Lithuanian, October 24th, 2024] BingX, a global leading cryptocurrency exchange, has fully restored its operational capacity following a recent hot wallet incident, with all deposits and withdrawals back to normal. In response to the event, BingX is unveiling its new “ShieldX” initiative, a comprehensive plan aimed at enhancing the platform’s security...Read More
Nigerian authorities have reportedly dropped all charges against Binance executive Tigran Gambaryan. The American and his employer had been facing accusations of money laundering. This legal development follows the government’s earlier decision to drop tax evasion charges against both. Health Concerns and U.S. Pressure While the charges were primarily directed at the crypto exchange, which...Read More
[PRESS RELEASE – Singapore City, Singapore, October 24th, 2024] aarnâ, a leader in decentralized finance (DeFi), has officially launched its innovative AI-driven vault, âfi 802, designed to deliver market-beating defi yields with robust security. Leveraging a sophisticated deep-learning model, âfi 802 offers a unique DeFi solution that simplifies yield generation while minimizing risks. Fulfilling the...Read More
The 16th BRICS Summit, hosted by Russia, began on October 22 in the Russian city of Kazan. Even before the start, the event gained immense popularity as there were rumors that Russia, facing tough economic sanctions due to its aggressive military actions against Ukraine, would table several aggressive proposals to create an alternative economic framework...Read More
Ripple chief executive Brad Garlinghouse has spoken out about the impacts of a change in administration on the US crypto industry. In an interview with Bloomberg on Oct. 23, he said that Joe Biden’s approach to regulating the crypto industry is coming to an end, and no matter what happens in the presidential election, “we’ll...Read More
The Ethereum FUD is showing no signs of slowing while prices of the underlying asset remain weakened. ETH dumped more than 5% over the past 24 hours, falling from an intraday high of just over $2,600 to a low of $2,460. It has recovered marginally to trade at $2,550 at the time of writing, but it...Read More
Metaplanet Inc. has successfully raised 10 billion yen ($66 million) by completing its 11th stock acquisition rights exercise. This comes as the company’s publicly-traded shares are up by 6.53% in the past month and have skyrocketed by 593.75% year-to-date. Over 13,000 Shareholders Participated in Exercise In an October 22 statement posted on X, Metaplanet’s CEO,...Read More
