Abdulkarim Abdulwahab
Furious COMP Finance Investors Files Lawsuit Against the Protocol
A group of investors sued Compound Finance, given its coin’s terrible performance. The lawsuit wants COMP’s offering to be revoked, as its unregistered. COMP has…
Hong Kong Lays Groundwork To Trade Virtual Asset for Clients
Industry participants in Hong Kong are preparing to allow customers to trade crypto. A digital asset leader said brokers must prove client asset custody and…
Bitcoin ATM Count Grows by 543% From 2020 Amid Bear Market
Over 4,200 BTC ATMs were installed around the globe in 2022. The United States led other countries by a landslide margin with 33,947 total ATMs.…
US Department of Justice Is Now Looking At SBF Crypto Transactions
US authority has launched an investigation into the crypto dealings of FTX's SBF. Previously, analysts monitored the movement of funds tied to FTX and Alameda.…
USDC Loan Utilization Rate on Aave Protocol Falls to 20% from 80%
Data shows USDC loan utilization rates on Aave reduced significantly this year. Delphi Digital hints that USDC utilization rates fell from 80% to nearly below…
FTX Japan Publishes Fresh Roadmap for Customers’ Asset Redemption
FTX Japan plans to resume withdrawals from February 2023. The firm will require its customers to open an account with Liquid Japan in January. Previously,…
Ark Invest CEO Asks Web3 Leaders to Learn from FTX Crash
Cathie Wood said thought leaders should assess lessons from crypto crises. She believes Bankman-Fried hated Bitcoin because of its decentralization and transparency. Bahamas regulator seized…
Global Crypto Business Funding Falls from $8B in Q1 to $3B in Q3
Crypto business funding decreased from $8.8B in Q1 to $6.2B in Q2 and $3.4B in Q3. Yuga Labs, Polygon, and ConsenSys got $450 million in…
Top 5000 Ethereum Whales Hold $46 Million Worth of SHIB on Average
Data indicates that SHIB is still a favorite investing tool for Ethereum whales. The top 5000 crypto whales hold an average of more than $46…
CardanoFounder Corrects Misinformation About Cardano CL and SL
Hoskinson mocked a misinformation thread on Reddit about Cardano. A Reddit user discredited multiple quotes from Messari’s report about Cardano. Cardano founder said sidechains effectively…
