After spending time in jail in Montenegro, Han Chang-joon, the former chief financial officer of Terraform Labs, was extradited to South Korea. Both Terraform Labs and its co-founder, Do Kwon, were detained in March for trying to leave using phony passports. This additional twist adds another degree of complication to
February 5, 2024 1 min read
In the 18th batch of the LUNC burn mechanism, crypto exchange Binance, burnt 2.1 billion Terra Luna Classic (LUNC) tokens. With almost 50 billion LUNC burnt so far, the crypto exchange accounts for 52.4% of all tokens burned by the Terra Luna Classic community. The Terra Luna Classic community has
February 4, 2024 1 min read
Ark Invest, led by Cathie Wood, has been buying up cryptocurrency-related stocks, including its Ark 21Shares spot Bitcoin ETF (ARKB). Last week, the ARK Next Generation Internet ETF (ARKW) spent $51 million buying 1.27 million ARKB units. The ARK Next Generation Internet ETF (ARKW) managed by Cathie Wood maintained its
February 3, 2024 1 min read
At Thursday’s hearing before the Senate Banking Committee, Senator Elizabeth Warren and other Democrats condemned the purported use of cryptocurrency in illegal financing and frauds. Senator Lindsey Graham (R-S.C.) is one of 19 senators who have lent their support to Warren’s Digital Asset Anti-Money Laundering Act, which she has been
February 2, 2024 2 mins read
After the biggest breach of 2024 thus far—a $112 million attack on Ripple co-founder Chris Larsen’s personal wallet on January 31—cryptocurrency exchange Binance froze $4.2 million worth of XRP. Richard Teng, CEO of Binance, took to social media to announce that the exchange has blocked the exploiter’s address. He also
February 2, 2024 2 mins read
A Distributed Denial of Service (DDoS) assault has been reported on Solana’s Phantom wallet. The protocol has detected many attempts to overwhelm its systems, according to the team behind Phantom. PSA: We're currently experiencing a DDOS attack. There are attempts to overload our systems and some services may be temporarily
February 2, 2024 2 mins read
DZ Bank, the second-largest bank in Germany, said on Thursday that it would begin testing retail crypto trading this year. The cryptocurrency-friendly financial institution intends to pilot Bitcoin transactions with clients after launching a cryptocurrency custody platform in November last year. Sometime later this year, DZ Bank will reportedly begin
February 1, 2024 1 min read
ZachXBT, an on-chain independent investigator reported that a huge breach at Ripple had resulted in the loss of almost 213 million XRP, which is worth about $112.5 million. Major crypto firm’s security practices came under scrutiny after the event, which was revealed on January 31, 2024, caused widespread worry among
January 31, 2024 2 mins read
Decentralized platform Abracadabra.money’s stablecoin, MIM, had a precipitous decline to $0.76 after news of a $6.5 million vulnerability. Initial details of the hack were revealed by blockchain security company PeckShield at 11:35 UTC Tuesday. The organization went on to say that the attack was funded using Tornado Cash, a sanctioned
January 31, 2024 1 min read
Co-Founder of Ethereum Vitalik Buterin recently explored the dynamics of the crypto industry’s integration with AI. He recently published an analysis that discussed the potential benefits and significant obstacles of using AI in cryptocurrency. Vitalik Buterin simplifies the complex dynamics by classifying the interactions between blockchain and AI into four
January 31, 2024 2 mins read
