A bankruptcy court in New Jersey ruled on Wednesday that the cryptocurrency platform BlockFi Inc. has until the middle of the next month to submit its Chapter 11 or reorganization plan. The court ruled that a little delay was acceptable to ensure the case’s smooth continuation. Representing BlockFi, attorney Joshua
April 20, 2023 2 mins read
With its approaching token burn vote, Sweat Economy, the company behind the well-known Sweatcoin and Sweat Wallet applications, will propose a revolutionary new method of Web3 governance. Sweat Economy’s community will have the power to select how to handle the 100 million $SWEAT tokens gathered as fees and earnings by
April 18, 2023 3 mins read
According to the New York Department of Justice, U.S. District Judge Paul G. Gardephe sentenced James Zhong to a year in prison after learning about the government’s plans to sell 41,000 seized bitcoin (BTC) this calendar year and the sale of 9,861.1707894 BTC on March 14, 2023. By setting up
April 16, 2023 1 min read
The voting process for the Terra Rebels’ Proposal 11459 was dramatic for the Terra Classic community. A validator with 15% voting power, Allnodes, voted “No” on the request by the famous developer group, giving Terra Rebels the upper hand. A recent dispute between the Allnodes and the Terra Rebels is
April 16, 2023 1 min read
Prosecutors in South Korea have verified that just before the catastrophic breakdown of the Terra ecosystem, Terraform Labs CEO Do Kwon sent 9 billion won ($7 million) to Kim & Chang, a prominent South Korean legal firm. Prosecutors reportedly cited Kwon’s choice to pay millions to the law firm as
April 15, 2023 1 min read
Elon Musk, CEO of Twitter, has reportedly filed paperwork with the state of Nevada. In order to establish a new artificial intelligence (AI) corporation under the name X.AI Corp. The latest move in his much-rumored stealth enterprise. According to the filing, Musk is the only listed director of the business.
April 15, 2023 2 mins read
On April 13, cybercriminals exploited a flaw in Yearn’s USDT token, yUSDT, to steal $11.2 million from the Aave V1 and an earlier version of the Yearn Finance protocol. One of the initial lending and borrowing protocols on DeFi, Aave allows users to earn yield by depositing cryptocurrency and borrowing
April 13, 2023 2 mins read
FTX, a defunct cryptocurrency exchange, has recouped nearly $7.3 billion in cash and digital assets. In addition, the company’s counsel during a recent bankruptcy court hearing said the sum recovered is more than $800 million since January. According to Reuters, things are looking up for the faltering exchange during the
April 13, 2023 1 min read
History Latinoamérica’s (@HistoryLA) Twitter account was hacked. And used to spread a hoax concerning Ripple CEO Brad Garlinghouse and the cryptocurrency XRP. A picture of Garlinghouse and the word “VICTORY!!” were tweeted with a bogus link from the hijacked account. Authorities and individuals alike are becoming concerned about the prevalence
April 12, 2023 2 mins read
There have been no big setbacks to Hong Kong’s crypto push, so far. All of the predicted growth in the digital asset market seems to be materializing. ZA Bank, Hong Kong’s biggest virtual bank, now supports both fiat and cryptocurrency transactions and provides account services to the city’s burgeoning digital
April 12, 2023 2 mins read
