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Logan Paul Drops Threat of Lawsuit Against Coffeezilla But Will Alleged Victims Get Money Back?
10.1.2023
Popular influencer and professional wrestler Logan Paul has dropped his threat of a lawsuit of YouTube journalist Coffeezilla after being accused of running a crypto investment scam.
“Hey all, just wanted to update you. I deleted my initial response to Coffee's series. It was rash and misaligned...
Coinbase Announces Third Round of Layoffs, Reduces Headcount by 950 Employees
10.1.2023
Major cryptocurrency exchange Coinbase has announced its third round of layoffs amid the ongoing bear market, reducing its headcount by a total of 950 employees, or 20% of its workforce. ...
Read More: Coinbase Announces Third Round of Layoffs, Reduces Headcount by 950 Employees
Argentina Wants Citizens to Declare Their Crypto Holdings
10.1.2023
Argentina’s finance ministry is set to launch a draft bill that would essentially force citizens to declare their crypto holdings – or risk paying hefty tax penalties.
Per Errepar, the bill has been spearheaded by Sergio Massa, the Minister for the Economy. The draft law aims to tighten...
These Businesses Will be The Survivors of the Crypto Winter, Says a Top Financial Services Lawyer
10.1.2023
Crypto companies that keep their faith in the sector, and that are able to harness the value of traditional risk management and compliance, will survive the crypto winter, one leading financial services lawyer has argued....
Read More: These Businesses Will be The Survivors of the Crypto Winter...
Financial Bubbles Expert: Crypto a Bubble Like No Other or a Ponzi Scheme. Is He Right?
10.1.2023
Some financial experts with a specialty in bubbles believe crypto is either one of the biggest bubbles in history or a smart Ponzi scheme not seen before.
2022 can be considered one of the worst years for the crypto ecosystem as a number of high-profile DeFi and CeFi platforms collapsed. Among...
Wintermute is Now One of the Biggest Market Makers in Crypto and Has Birthed 36 Millionaires
10.1.2023
Wintermute, a leading global crypto market maker, has paid its 36 British staff a total of $83 million in 2021, suggesting that the crypto company gave birth to 36 new millionaires.
According to its newly filed annual report, Wintermute paid its 36 UK staff $83 million in 2021, meaning the firm...
Crypto Exchange Bithumb Hit With Tax Investigation, Prosecutors Grill ‘Major Shareholder’
10.1.2023
The South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities – with the exchange made the subject of a “special” tax investigation. And prosecutors have summoned its suspected largest shareholder for questioning.
Chosun reported that...
EIP – 5988: A new proposal to develop interoperability between EVM & ZK powered rollups
10.1.2023
Abdelhamid Bakhta, one of the authors of Proposal 5988, presented the proposal during the All Core Devs, a bi-weekly meeting for leading developers to discuss the future of upgrades. The proposal aims to enhance interoperability between EVM and ZK-powered rollups while lowering the cost that...
The DOJ Seizes $500M of Robinhood Shares Tied to Bankman-Fried
9.1.2023
The US Department of Justice has retained control of the contested 56 million shares of Robinhood, a popular financial trading app, worth approximately $500 million.
In a January 6 court filing, the DOJ notified the court handling the bankruptcy of BlockFi that it has seized 55,273,469 shares...
North Korean Crypto Hacks to ‘Surge’ This Year, Say Experts
9.1.2023
A “surge” in North Korean crypto hacks is on its way in 2023, a security provider has claimed.
The South Korean media outlet Money S reported that Panda Security, a Spanish cybersecurity software firm, predicted a “surge in fraudulent activities” and attempts to “steal virtual assets” in the year...
Wyre Limits Client Withdrawals to 90% so it Can ‘Navigate the Current Environment’
9.1.2023
The crypto-focused payments provider Wyre has limited withdrawals for its clients to 90% of funds held in the account, citing a need to “navigate the current market environment.”
"We are modifying our withdrawal policy. While customers will continue to be able to withdraw their funds, at this...
Leonicorn Swap divulges future plan of action post exploit
9.1.2023
It was the day when Leonicorn Swap happened to have launched its reward-sharing model. On the same day, an apparent hacker somehow managed to gain access and took away all of the tokens contained in their den or their reward pool. This included 360 million $LEON, equivalent to approximately 22,000...
RPC endpoints run by Solana Foundation go offline
9.1.2023
Solana Status sent out a tweet to let people know that RPC endpoints run by the Solana Foundation aren’t working right now because a bug was found in the test release 1.14. Members have been asked to switch to the 1.13 test release until the team does the repairs. Unlike earlier times, block...
Russians Set to ‘Turn to Crypto En Masse’
9.1.2023
A Russian professor has claimed that “mass” crypto adoption is on its way in the country – with interest in digital versions of the Chinese yuan and the ruble also spiking.
Per V1, the crypto forecast was delivered by Igor Belskikh, a Doctor of Economics, and Professor at the Department...
Brett Harrison Formerly FTX US President Surfaces on Twitter - What Does He Know?
9.1.2023
Brett Harrison, former president of the now-bankrupt cryptocurrency exchange FTX US, has said he will share more details regarding the exchange when the time is good.
In response to a Twitter user who asked Harrison what did he know about FTX US and when did he know it, he replied, "I’ll share...
Are Federal Prosecutors About to Indict Binance as Hedge Funds Face Subpoenas
8.1.2023
US authorities have sent subpoenas to American hedge funds and market-making companies dealing with Binance, the world’s largest cryptocurrency exchange, asking for records of their communications with the exchange.
According to a Saturday report from the Washington Post, the U.S. attorney’s...
LG Electronics Steps up Smart TV-Metaverse Drive
6.1.2023
The South Korean tech titan LG Electronics has announced that it will intensify its metaverse activities. And the firm claims that a new deal will allow it to bring Web3 and metaverse experiences to owners of its smart TVs.
The company, which made multiple metaverse-related pledges at the 2023...
SEC Moves to Block Binance.US Attempt to Buy Distressed Assets of Voyager Digital
6.1.2023
The SEC has objected to an attempt by the American franchise of Binance to buy up assets from the bankrupt crypto lender Voyager Digital, saying more information about the deal is needed.
The “limited objection” from the SEC came in a court filing on Wednesday, where the SEC said Binance.US in...
StarkWare’s Cairo upgrades to rust-inspired Cairo 1.0
6.1.2023
StarkWare, a scaling solution provider, tweets about the new launch of their first public version of Cairo 1.0. However, Cairo was first brought into public in 2020, which efficiently wrote STARK-provable programs. However, the new version Cairo 1.0 is a Rust-inspired language, which would help...
Binance has Grabbed Two-Thirds of all Crypto Trading Volume – What Happened to the Decentralization of Finance?
6.1.2023
Binance, the world's largest cryptocurrency exchange, has remained the leader in the space, ending 2022 with a 66.7% market share compared to 48.7% at the start of the year.
According to a report from CryptoCompare, Binance accounted for 66.7% of all trading volume on centralized crypto exchanges...