On Tuesday, Terraform Labs, co-founded by Do Kwon and Daniel Shin, transferred millions worth of Convex Finance (CVX) tokens to a different wallet. This relocation occurred around one year after the crisis of Terra-LUNA, which led to a $40 billion loss for investors and brought about more stringent regulations in the realm of digital currency. CVX Token Movement Terraform Labs, …
Continue Reading
The two most popular crypto exchanges in the world, Gemini and Coinbase have finally announced the launch of their offshore crypto derivative platforms. However, these platforms are not available to the citizens of the United States because of the recent disputes of various exchanges most particularly Coinbase’s with the US regulator. Gemini Foundation Goes Live Gemini announced yesterday that their …
Continue Reading
As the dust settled on a tumultuous 2022, Solana emerged from the storm, showcasing impressive growth during Q1 2023. Driven by a 118% QoQ increase in market cap and an array of ecosystem developments, Solana has re-established itself as a force to be reckoned with in the blockchain space. Recovering from Turbulence: Solana’s Resurgence Solana’s network faced considerable skepticism after …
Continue Reading
According to data gathered from Google Ads and blockchain analytics, it has come to light that a number of deceitful scammers have managed to steal more than $4 million from phishing websites related to cryptocurrency that were promoted on Google ads searches. Fishing Scam Reports According to ScamSniffer, a reputable anti-scam service provider in the Web3 community, there has been …
Continue Reading
In recent years, the world of cryptocurrency has exploded in popularity, and with it has come the need for secure storage solutions. Enter the crypto wallet – a tool designed to keep your digital assets safe and accessible. But what exactly is a crypto wallet, and how does it work? In this article, we will explore the ins and outs …
Continue Reading
Bankrupt crypto exchange FTX on Tuesday agreed to sell its crypto derivative platform LedgerX to an affiliate of Miami International Holdings INC at a whopping cost of $50M. John Ray, CEO of FTX said that this is their effort to maximize the recovery of their stakeholders by monetising their assets. Hearing on 4th of May The hearing for this matter …
Continue Reading
In Q1 2023, Tesla, a well-known automotive company under the ownership of Elon Musk, announced a net profit of $2.5 billion. Additionally, the company revealed that it had maintained its Bitcoin investments valued at $321 million during the same period. This news may come as a surprise to some, as Tesla had previously sold off some of its Bitcoin holdings …
Continue Reading
Coinbase is ready to fight a legal battle with the Securities and Exchange Commission of the United States. CEO of Coinbase, Brian Armstrong told about this in an interview with CNBC on April 18th. Last month, the regulators sent Coinbase a Wells notice, which is often the last step before any charges are filed by the regulators. Armstrong said that …
Continue Reading
The world of cryptocurrency is growing, with new cryptocurrencies emerging every day. One of the primary concerns among cryptocurrency users is privacy. Bitcoin, the most popular cryptocurrency, is not entirely anonymous. Every transaction is recorded on a public blockchain, and anyone can view these transactions. Privacy coins have emerged to address this concern. In this article, we will discuss what …
Continue Reading
Metalpha, a Hong Kong-based cryptocurrency wealth manager has managed to secure $20M out of the proposed $100M from overseas investors in China. Metalpha is looking forward to investing in Bitcoin and other crypto platforms of Grayscale, a major crypto asset manager in the United States. Metalpha to partner with NextGen The upcoming investment project of Metalpha will be launched in …
Continue Reading