After two years of inactivity, the founder of the defunct Turkish cryptocurrency exchange Thodex has been extradited home. Albania has deported Faruk Fatih Ozer, the CEO, and founder of the defunct crypto exchange Thodex, to Turkey. According to Anadolu Agency, Turkey’s state-run news organization, local police took the 27-year-old under
As the whole NFT market collapsed to trade numbers not seen in years, last week saw the floor prices for “blue chip” NFT collections CryptoPunks and Bored Ape Yacht Club (BAYC) fall significantly below $100k worth of ETH for the first time in months. The NFT market has recovered significantly,
The largest cryptocurrency in the world by market capitalization, Bitcoin (BTC), is having an unpleasant weekend after losing its key support level at $28,000. This has left exchange-traded fund investors uncertain about what will happen to Bitcoin after its dominant performance in 2023. At the time of writing, the BTC
Korea Blockchain Week (KBW), one of the leading blockchain and Web3 events in Asia, will return for 2023 following the immense success of the 2022 edition, which was the first in-person iteration since the Covid pandemic. KBW2023 is founded by Factblock, a Web3 ecosystem accelerator, and co-hosted by Hashed, the
In July 2022, Celsius, a company with over $4 billion in consumer debt, filed for Chapter 11 bankruptcy. The business has also been under investigation for numerous months. The collapse of the 2022 cryptocurrency market primarily affected lending companies for cryptocurrencies, with Celsius Network, Voyager, and Three Arrows Capital being
The advent of Polygon’s proof-of-stake (PoS) blockchain has brought about a revolution in the world of cryptocurrency. With its lightning-fast transaction speeds and low fees, Polygon has gained widespread adoption, leading to a staggering 240 million unique addresses on its blockchain. This remarkable achievement speaks volumes about the growing popularity
While the government deals with the multi-billion dollar corruption investigation, crypto miners and exchanges in Venezuela will stay closed. While investigating a big corruption scam that might have syphoned off $20 billion, Venezuelan officials allegedly encouraged local Bitcoin miners to temporarily suspend operations. It is suspected that members of President
Recently, the cryptocurrency industry has witnessed an impressive performance by Shiba Inu (SHIB), which has caught the attention of crypto investors and traders. As a result, investors are closely monitoring the memecoin market. The memecoin, Shiba Inu, has been significantly impacting the cryptocurrency market, and the bulls have successfully maintained
Coinbase’s Layer 2 initiative seems to be progressing steadily toward a mainnet release. In February of 2023, developers released a testnet version of the Ethereum Layer 2 network. Base was released as a platform that simplifies integration between third-party applications and the Coinbase ecosystem. In their most recent post, the
Trust Wallet, a cryptocurrency wallet, has announced a security flaw that has cost some customers approximately $170,000. The firm claims that they have applied a fix to the issue. The Trust Wallet bug bounty program is where the company first learned about the vulnerability. In November of 2022, a security
