In conjunction with Kwon’s actions, police have also detained one close aide. Kwon is the subject of a “Red Notice” from Interpol, the international police agency. On Thursday, South Korean officials started the process of revoking the passport of Do Kwon, founder of Terraform Labs, whose firm was responsible for
October 10, 2022 2 mins read
With a year-over-year increase of 120.9%, Morocco comes in at number two. transaction volume in Egypt tripled compared to the preceding year. Chainalysis reports that between July 2021 and June 2022, MENA consumers saw a 48% increase in crypto transaction volume, reaching $566 billion. Among the eight areas studied, this
October 9, 2022 1 min read
Based on the Amazon Affiliates Program, Travis Johnson found a novel method of smouldering Shiba Inu’s (SHIB). Game designer Travis Johnson owns the SHIB Super Store, a community-led Burn effort. He recently stated that Fiverr will be used to assist SHIB cut down on its massive supply. Shiba Inu, the
October 9, 2022 2 mins read
The corporation has been on an acquisitions binge despite the severe bear market. So far this year, Binance has put money into 67 different projects. According to Bloomberg, Binance CEO Changpeng Zhao said the business is prepared to spend more than $1 billion on acquisitions in 2022. More than twice
October 8, 2022 1 min read
The criminal stole $110 million using the cryptocurrencies Fantom, ETH, and Polygon. Before the suspension, the hacker still had roughly $400 worth of assets on the network. The team behind BNB Chain, previously Binance Smart Chain (BSC), has lost millions of dollars’ worth of assets in a cross-chain attack, and
October 8, 2022 2 mins read
The rise in hashrate has coincided with the mining difficulty of Bitcoin reaching a record high. The maximum rate of 321.15 exahashes per second is equivalent to 0.32115 ZH/s. According to data compiled by coinwarz.com, Bitcoin’s overall hashrate reached an all-time high (ATH) on Wednesday, at block height 757,214. The
October 6, 2022 1 min read
Yuga Labs, a major player on the Web3 platform, has announced the formation of a community council made up of seven prominent members of the Bored Ape Yacht Club (BAYC) NFT ecosystem. Yuga announced the council members in a blog post published on Wednesday. Calling them “long-standing proactive community members”
October 6, 2022 1 min read
Fidelity has been hard at work on their own cryptocurrency exchange, called EDX Markets. Mike Novogratz, CEO of Galaxy Digital first informed about the update. Registration paperwork submitted to the U.S. Securities and Exchange Commission (SEC) reveals that Fidelity has invested $5 million in a new Ethereum index fund. Moreover,
October 5, 2022 1 min read
According to a Twitter representative, the firm plans to finalize for $54.20 per share. On Tuesday, Twitter’s share price surged as the news of Elon Musk’s SEC filing spread. The new SEC filing about the acquisition raises the prospect that Elon Musk’s takeover of Twitter could soon come to an
October 5, 2022 2 mins read
Shiba Inu has rapidly become one of the most well-known meme coins. Despite being worth less than DOGE, its development has far outpaced rival cryptocurrency. Multiple projects, including the Shiba Inu Eternity game and the Shibarium have been under development with constant effort from the crew. Since it has become
October 4, 2022 1 min read