Kraken, a global cryptocurrency exchange, is ceasing operations in Japan for a second time. Blaming a drain on its resources caused by the country’s “weak crypto market.” Kraken announced in a blog post on December 28 that it would be closing its offices in Japan. And removing its registration with
December 28, 2022 1 min read
According to a tweet from the platform on Sunday, the Terra Classic casino and Terra Casino (@TerraCasino_io) have burnt over 23 million Terra Luna Classic (LUNC). After transferring 5 million LUNC to the burn wallet on Christmas day, the betting site reached the 23 million LUNC milestone. Note that when
December 27, 2022 2 mins read
Reports indicate that Alex Holden is a Ukrainian-born cyber intelligence professional. Emigrated to the United States from Kyiv as a youngster in the 1980s. Now resides in Mequon, Wisconsin, and claims to have hacked into Solaris, one of Russia’s major online drug marketplaces. His Hold Security crew helped him steal
December 27, 2022 1 min read
Both versions of Defrost Finance, a decentralized leveraged trading platform built on the Avalanche blockchain, have been reported to have been hacked. This was announced after investors reported losing staked Defrost Finance (MELT) and Avalanche in their MetaMask wallets. Doran, a key member of Defrost Finance, revealed that Defrost v2
December 26, 2022 1 min read
According to Samsung’s recent announcement, the company is investing more than $35 million in metaverse initiatives targeted at the Latin American market. The move is part of the company’s ongoing effort to enhance its digital presence and interact with a younger demographic. Samsung is always the first to provide a
December 26, 2022 1 min read
Sam Bankman-Fried’s defunct cryptocurrency exchange FTX is attempting to use the US Bankruptcy Court to reclaim possession of $450 million in Robinhood shares. Emergent Fidelity Technologies, a company headquartered in Antigua and Barbuda, is the sole owner of the 56 million brokerage shares held in the portfolio. Sam Bankman-Fried (SBF),
December 24, 2022 2 mins read
As the decentralized finance (DeFi) spin on the centralized exchanges is scrambling to shore up client trust in the aftermath of FTX, Aave will introduce a “proof of reserve” approach to secure bridging assets on Avalanche. Over ninety-nine percent of participants in the decentralized autonomous organization (DAO) that manages Aave,
December 23, 2022 2 mins read
As of Thursday, holders of Terra Classic (LUNC) and TerraClassicUSD (USTC) were distributed the second batch of Terra (LUNA) airdropped by the biggest cryptocurrency exchange in the world, Binance. The initial airdrop, which took place in May, is associated with Do Kwon’s “Terra Ecosystem Revival Plan 2,” which involves the
December 23, 2022 1 min read
Leading cryptocurrency exchange platform Gleec BTC Exchange is seeking to expand in Latin America, beginning in Brazil where it recently acquired Blocktane’s operational assets. For a brief while, Blocktane ranked high in the Brazilian cryptocurrency industry. Gleec BTC Exchange took the initiative and announced today that it has purchased the
December 20, 2022 2 mins read
The newest Twitter Poll by Elon Musk asked whether he should resign as Twitter’s CEO, and the result sent Dogecoin’s price down more than 10% today and almost 16% in the last 7 days, to its current trading level of $0.07. Recent events have been devastating for the cryptocurrency market
December 20, 2022 1 min read
