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FTX Files Lawsuit Against Former Salameda Employees to Recover $157 Million
23.9.2023
According to the recent court filing, FTX, the bankrupt crypto exchange, has filed a lawsuit against former employees of Salameda, a Hong Kong-incorporated entity affiliated with FTX, to recover about $157.3 million.
The Hong Kong firm was said to be controlled by the former CEO and founder of...
Hungarian Authorities Seize Crypto Worth $1M in Tax Fraud Case
23.9.2023
Hungarian authorities have seized cryptocurrency worth over $1 million from a criminal organization in a value-added tax (VAT) fraud case. The authorities raided 28 locations, arrested three suspects, and seized various assets tied to the group. The seized cryptocurrencies were transferred to...
Peak Mining Signs $150M Deal for Microbt Bitcoin Miners, Eyes Large-Scale Liquid-Cooling Tech
22.9.2023
According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $150 million. This agreement will equip Peak Mining with 7 exahash per second (EH/s) of the latest next-generation BTC mining devices. Microbt...
Post.Tech, Friend.Tech's Rival, Sees Surge with $1.8 Million Daily Trading Volume
22.9.2023
In the world of social media, competition is fierce, and when it comes to token-gated channels, pioneer Friend.Tech dominated until rival Post.Tech recently experienced a surge in daily trading volume, The Block reported on Thursday.
Post.Tech operates much like its predecessor, Friend.Tech...
FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million
22.9.2023
The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million
Bitmain to Invest $54 Million in Bankrupt Bitcoin Mining Company Core Scientific
22.9.2023
Digital asset miner Core Scientific announced a new partnership with Bitmain, a major player in the supply of Bitcoin mining and Artificial Intelligence (AI) computing hardware.
As part of the deal, Bitmain will invest $53.9 million in the company expanding their long-standing...
Coinbase Calls on 52 Million Crypto Holders to Advocate for Clear Regulation
22.9.2023
Coinbase revealed a campaign to move more than 52 million U.S.-based cryptocurrency holders to call for clear and precise regulation. The push, part of a countrywide initiative, will be supported by a paid media campaign across multiple platforms but directed to nine states where most crypto owners...
Tether Dives Into AI Wave With $420M Nvidia GPU Investment Amid Soaring Demand
21.9.2023
According to a report, Tether, the largest stablecoin issuer by market capitalization, has invested $420 million in 10,000 Nvidia H100 graphics processing units (GPUs). This news emerges during a time of surging demand for artificial intelligence (AI). It also comes after Iris Energy reported...
As GOLD Token Shoots Up 28,000%, This Viral New AI Coin Just Raised More Than $3.9 Million – 5-Day Countdown Begins
21.9.2023
The newly listed GOLD Token has seen a parabolic move so far, skyrocketing over 28,000% from its listing price just yesterday.
After reaching an intraday high of $0.3225, the GOLD Token price has pulled back but remains up substantially.
As traders look for potential buy zone entry levels,...
Web3 Innovators Get a Boost with Consensys' $1.5 Million Fellowship Program
21.9.2023
Blockchain development firm Consensys has announced the launch of its inaugural Consensys Fellowship Program, aimed at providing critical support for Web3 startups and founders.
The pre-accelerator program is designed to empower participants to harness the potential of Web3 technologies...
Coinbase’s L2 Blockchain Base Skyrockets 111% in 41 Days, Overtaking Solana in TVL
21.9.2023
According to statistics, Coinbase’s Layer two (L2) blockchain, built on Ethereum and using Optimism’s open-source OP Stack, has grown significantly in the past 41 days. Since August, when the platform had a total value locked (TVL) of $175 million, the figure has increased 111% to $370...
Farmville co-creator-led company raises $33M to create Web3 games
21.9.2023
Proof of Play raised $33 million to create fully on-chain games that “quickly immerse players in fun gameplay.“
Is It Too Late to Buy Toncoin? TON Price Rockets Up 30% as AI Crypto Trading Tool LPX Secures $1.7 Million in Funding
21.9.2023
Toncoin (TON) is undertaking localised retracement after a monumental +44% bounce off 200DMA support, but as The Open Network price drops - is it too late to buy Toncoin? Find out in TON price analysis.
The sudden upside move comes following news that leading messaging app Telegram has integrated...
Shiba Inu Price Prediction as $100 Million Trading Volume Comes In – Are Whales Buying or Selling?
21.9.2023
The price of Shiba Inu (SHIB) has dipped to $0.00000727 today, dropping by 0.5% as the wider cryptocurrency market falls by 1.2% in the past 24 hours.
SHIB is now flat in the last seven days but down by 9% in the past month, with the famous meme token also down by 10% since the beginning of...
Is Gala Going to Zero? GALA Price Drops 1% as New Bitcoin Start-up Surges Past $4 Million Milestone
21.9.2023
Gala Games (GALA) continues to tumble in the aftermath of a legal dispute between co-founders Eric Schiermeyer and Wright Thurston, which has so far seen GALA bleed-out -32%.
It is alleged Thurston illicitly acquired approximately $130 million worth of GALA tokens tied to the Gala Games...
Crypto Whale Duped for $4.5 Million in a Phishing Attack
21.9.2023
A crypto whale has reportedly fallen victim to a staggering $4.46 million phishing scam.
The unidentified crypto holder transferred approximately $4.46 million worth of Tether (USDT) from a Kraken crypto exchange wallet to an address ending in "ACa7," as per data from Etherscan.
Blockchain...
Ex-Deutsche Bank Investment Banker Faces Up to 30 Years in Prison for Crypto Fraud
21.9.2023
A registered broker and former investment banker with financial giant Deutsche Bank has pleaded guilty to defrauding investors into a fraudulent crypto fund. He is facing up to 30 years in prison and will be required to pay restitution of more than $1.5 million, according to the U.S. Justice...
a16z Crypto Leads $3.6 Million Seed Round for Decentralized Information Exchange Protocol Freatic - What Does It Do?
21.9.2023
Freatic, a decentralized information exchange protocol built by a team of developers, has secured $3.6 million from a trove of investors.
The project, as revealed by the development team, has emerged from stealth mode and is gearing up for its public launch. Leading this investment round is...
Stanford University Vows to Return $5.5M FTX Donations; Funds Initially Allocated for Pandemic Prevention
20.9.2023
In the wake of a lawsuit targeting the parents of Sam Bankman-Fried, Stanford University’s spokesperson has announced intentions to give back the millions garnered from FTX and its affiliates. Records indicate that a whopping $5.5 million in gifts to Stanford traces back to the FTX empire....
70% of South Korean Reported Foreign Assets Are Crypto- Here’s More
20.9.2023
South Korea’s crypto adoption grows as authorities disclosed that 70% of the nation’s reported overseas assets are cryptocurrencies.
On Sept 20, The country’s National Tax Service (NTS) in an official release stated that 5,419 business and individuals reported their financial accounts with...