The Metropolitan Museum of Art (the Met) has agreed to return the $550,000 donations it received from bankrupt crypto exchange FTX last year. The donations were made by West Realm Shires Services, an affiliated entity of FTX responsible for overseeing the operations of FTX.US, the American division of the company. The firm donated around $300,000...Read More
Ethereum gas fees spiked to their highest level since 2022 following May’s memecoin comeback championed by the emergence of “Pepe the frog” themed altcoin, PEPE. This trend, however, appears to have slowed down amidst a waning interest in PEPE despite transforming several investors into overnight millionaires. According to new data by on-chain analytic firm IntoTheBlock,...Read More
An El Salvador-based Bitcoin firm has begun the first phase of a planned $1 billion investment into sustainably powered digital asset mining in the country. The investment includes backing from Tether – the world’s largest stablecoin provider – which revealed last month that it was breaking into mining in Uruguay. The firm behind the project,...Read More
Due to recent market conditions, the BTC price has taken a sharp bearish turn, touching the ground at a staggering $25.5K. The trigger for this massive decline was the recent lawsuit faced by Binance, one of the world’s largest cryptocurrency exchanges, against the U.S. Securities and Exchange Commission (SEC). This triggered investors to sell off...Read More
The U.S. Securities and Exchange Commission (SEC) has mysteriously removed former commissioner William Hinman’s biography from its website. This occurs only 8 days before the court requires the SEC to provide unredacted copies of all of Hinman’s emails – widely viewed as paramount to the agency’s lawsuit with crypto industry giant Ripple. Are Hinman’s Emails...Read More
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Binance – the world’s largest crypto exchange – on Monday, alongside its CEO Changpeng Zhao (CZ) and partner firm, Binance US. Allegations include securities law violations such as self-dealing market manipulation, and the sale/offer of multiple unregistered securities. According to a press release...Read More
PEPE coin whales have seen better days as the cryptocurrency loses another 9% in the past 24 hours. Some of the larger investors are calling it quits and are selling at a considerable loss. Data from the popular on-chain analytics resource Lookonchain revealed that at least two whales are realizing considerable losses. One of them is an...Read More
Changpeng Zhao has recognized the ongoing situation and implicitly advised everyone to disregard any fear, uncertainty, and doubt (FUD), fake news, or attacks. In a Twitter post, he assured that his team is actively ensuring system stability, including withdrawals and deposits. A response will be provided once they receive the complaint, as the media sometimes...Read More
The week started on a grim note following the large-scale theft of digital assets from Atomic Wallet users resulting in a six-figure loss across different chains. Distraught users have taken to Twitter to challenge some of the Atomic Wallet’s claims after the company assured them that it is working with “leading security companies” and has...Read More
A request by Do Kwon, the co-founder of Terraforms Labs and the collapsed Terra-Luna ecosystem, to be released on a bail of $430,000 has received reapproval from the Basic Court of Podgorica. The new development comes less than two weeks after a high court in Podgorica granted prosecutors’ appeal against the lower court’s decision to...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, June 5th, 2023] Spheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, is announcing that their token, SPH, will officially be listed on MEXC today, on June 5th. Founded in 2018, MEXC (also known as MEXC Global) is a rapidly-growing cryptocurrency...Read More
[PRESS RELEASE – Tokyo, Japan, June 4th, 2023] The Ministry of Economy, Trade and Industry (METI) will support Japan Blockchain Week 2023, which is an all-Japan event to promote Japan’s web3 community to the world! Japan Blockchain Week 2023 will be supported by The Ministry of Economy, Trade and Industry (METI). This period will be...Read More
As Hong Kong unveils new regulatory rules on cryptocurrency exchanges, the region is anticipated to witness a surge in applications from major players seeking licenses. Tron founder Justin Sun, in a recent interview with CoinDeskTV, revealed his expectation that prominent exchanges such as HUOBI, OKX, GATE IO, BITGET, and BYBIT, would be among the serious...Read More
According to DappRadar’s monthly industry report, the decentralized application industry grew by 9.97% in May. It has reached an average of 1,967,051 daily unique active wallets (dUAW), the paper added. The research attributed the growth to the gaming sector and decentralized finance (DeFi), however, the latter has seen a decline in total value locked. These...Read More
