Cryptocurrencies valued at $23.59 million were transferred to leading crypto exchanges from wallets associated with the now-defunct FTX and Alameda Research over the course of four days. According to blockchain analytics company Spot On Chain, the insolvent organizations have moved $591 million in 59 different tokens since October 24. Nearly
December 9, 2023 1 min read
The co-founder of Terraform Labs, Do Kwon, is allegedly set to be deported to the US instead of South Korea in order to face criminal accusations. A report from the WSJ citing sources close to the situation states that Justice Minister Andrej Milović of Montenegro intends to approve the request
December 8, 2023 2 mins read
Block led by Jack Dorsey has released a self-custody Bitcoin wallet. The makers of the wallet, which goes by the name ‘Bitkey’, said on December 7 that it would be accessible in more than 95 countries via a smartphone app or hardware storage. A secure hardware device and recovery tools
December 7, 2023 1 min read
In order to serve as validators and data providers for the network’s native oracles, Flare revealed the onboarding of expert infrastructure providers such as Ankr, Figment, Restake, and NorthStake. These institutional validators additionally provide decentralized data feeds for network builders to use on Flare, which makes it the first smart
December 7, 2023 1 min read
The chief executive officer of JPMorgan Chase, Jamie Dimon, took aim at cryptocurrency—specifically Bitcoin (BTC)—during his appearance at a Senate Banking, Housing, and Urban Affairs committee oversight hearing in Washington, DC, today. Senator Elizabeth Warren probed the head of JPMorgan for his thoughts on anti-money laundering throughout the session. When
December 7, 2023 1 min read
The founder of Terraform Labs, Do Kwon, has recently appealed the extradition order made by the High Court of Podgorica in Montenegro. On December 6, Do Kwon’s contestation of the verdict was affirmed by the Montenegrin Court of Appeal. Kwon stated: “I do not accept the court’s decision to extradite
December 7, 2023 1 min read
As the price of Coinbase (COIN) shares kept climbing amid a phenomenal rebound in the crypto market, Ark Invest, led by Cathie Wood, sold further shares. On the other hand, at the same time, Robinhood (HOOD) shares are still being purchased by Ark Invest’s several funds in anticipation of massive
December 5, 2023 1 min read
The leading self-custody Ethereum wallet Earth Wallet and Bitcoin wallet Taproot have announced that an independent security audit has been successfully completed. The audit, carried out by well-known blockchain security company Halborn Security, which is popular for its extensive full-stack solutions, will contribute to making sure that security comes first in
December 5, 2023 2 mins read
Private investors have contributed $2 million to Jelly Labs AG and Fintonomy LTD, the companies developing the foundational protocols underpinning Jellyverse. Based on DeFiMetaChain, Jellyverse is a platform providing advanced decentralized financial services. The money raised will be used by Jelly Labs AG and Fintonomy LTD to further accelerate the
December 4, 2023 4 mins read
An on-chain data analytics company Kaiko Research observed a spike in Coinbase’s market share after Binance reached a massive multi-billion-dollar settlement with US authorities last week. Binance and the US DoJ settled anti-money laundering claims to the tune of $4.3 billion on November 21. According to research company Kaiko Research,
December 4, 2023 2 mins read
