S. Korean authorities have conducted a search warrant at the headquarters of Chai Corporation. A payments technology firm created by Terra co-founder Daniel Shin. On Tuesday, prosecutors for Seoul Southern District in South Korea confirmed the raid. There have been rumors that the company’s debut of its Terra payment services
November 19, 2022 2 mins read
Vitalik Buterin, co-founder of Ethereum, recently sent a letter proposing a proposal to implement the ZK-SNark feature in order to increase the scalability of the Ethereum network. Balaji Srinivasan, a former chief technology officer of Coinbase, Kraken, and Binance, was also brought up in the letter. Vitalik claimed in his
November 19, 2022 1 min read
Recently, it was announced that XRP token issuer Ripple Labs is applying for permission from Irish regulators to join the European market. Ripple has plans to apply for an electronic money license once it secures a virtual asset service provider (VASP) license. According to Ripple’s announcement, the company has already
November 18, 2022 2 mins read
A little over a week after hitting its previous record low discount to the price of Bitcoin. Grayscale’s Bitcoin Trust (GBTC) struck a new one. YCharts data shows that as of Friday morning, the Bitcoin-tracking investment vehicle was trading at a discount of 42.69%. Introduced in September 2013, GBTC is
November 18, 2022 1 min read
Shockwaves were felt across the cryptocurrency markets, Web3, and the dapp industry with the sudden demise of the FTX exchange and all of its associated entities. From business as usual to bankruptcies and fraud probes took less than a week. The whole Web 3.0 sector saw the effects of this
November 17, 2022 3 mins read
A lawsuit was filed against cryptocurrency miner Core Scientific on Monday. Alleging that the company misled investors. By concealing a succession of negative financial situations in its presentations to investors this year. Mei Pang, the plaintiff, and a shareholder claims the business intentionally misled investors. This is between March 3
November 16, 2022 1 min read
The Abu Dhabi Global Market (ADGM) is the next stop for Binance’s cryptocurrency custody services. In Abu Dhabi, the Financial Services Regulatory Authority (FSRA) has approved the world’s largest cryptocurrency exchange granting financial service permission (FSP). In accordance with the terms of the license, Binance will be able to provide
November 16, 2022 2 mins read
Trust Wallet, the market leader in self-custodial and multi-chain wallets, has released a new browser extension wallet. All EVM chains and Solana are supported, and it works with popular web browsers like Chrome, Brave, and Opera. Trust Wallet’s mobile wallet is a leading crypto mobile wallet in the world, with over 60
November 14, 2022 2 mins read
AAX, a cryptocurrency exchange located in Hong Kong, has denied reports that its recent suspension of withdrawals on the platform is related to the continuing repercussions of FTX’s collapse. On November 13, members of the cryptocurrency community stated they saw a “System upgrade notification” that indicated an update was “taking
November 14, 2022 1 min read
After being dormant for almost 11 years, a sizable number of bitcoins finally moved on Friday morning. A total of 3,500 Bitcoins valued at over $60 million, originated from seven unique Bitcoin addresses created on October 7, 2011. This is the first significant awakening of long-dormant bitcoins in months. Btcparser.com
November 13, 2022 1 min read