Collins Adane
BUSD Issuer Paxos Faces SEC Lawsuit Over Binance Stablecoin
Paxos Trust Company, the issuer of the world’s third-largest stablecoin, is reportedly facing a lawsuit from the Securities and Exchange Commission (SEC). According to a recent report, the crypto firm...
CleanSpark To Continue Acquisition Spree Amid Bear Market
US-based CleanSpark recently released its financial report for the first quarter of 2023. During the earnings call, the Bitcoin miner’s executives revealed that the company was optimistic about the year...
50% of USDT is on Tron, Has Been Growing: Crypto Analyst
Founder of Dynamo Defi Analytical Space Patrick Dynamo Defi has tweeted about the blockchain-based platform Tron’s performance. According to his tweet, “more than 50% of USDT,” was present on the...
ZachXBT’s Scam Investigation Leads To $260k FBI Seizure
Popular on-chain detective ZachXBT announced on Twitter recently that his efforts to track and investigate Chase Senecal, a well known online phishing scammer had led to his assets being seized...
NFTfi hits all-time highs for volume, number of loans and borrowers
Despite the ongoing bear market, NFT lending platform NFTfi has hit all-time highs in January for volume (ETH), number of loans, and numbers of borrowers and lenders. General Partner of...
Core Scientific and NYDIG Agree To Settle $38.6 Million Debt
Crypto mining firm Core Scientific has reached an agreement with the New York Digital Investment Group (NYDIG) to settle an outstanding debt of $38.6 million in exchange for crypto mining...
BonqDAO Exploiter Launders $2 Million Through Tornado Cash
The exploiter responsible for the $120 million attack on BonqDAO has started routing the stolen funds through mixing and swapping services. The Bonq protocol lost millions yesterday following an oracle...
Toyota Taps Astar Network Hackathon to Test Blockchain Use Cases
The world’s largest automaker, Toyota, is conducting an empirical investigation into the applications of blockchain technology. As part of this effort, the company sponsors a Web3 hackathon on the multi-chain...
Funds Lost To Crypto Exploits Are Down 92% Year-on-Year
On-chain intelligence firm PeckShield recently published the crypto exploits statistics for January 2023. The first month of the year saw $8.8 million lost to 24 crypto exploits. While $8.8 million...
Bug in Flare Network Leaves Unclaimed User Rewards Unclaimable
A network glitch was discovered on the FTSO Reward Manager contract on Flare Network. The FTSO contract has been now deactivated and replaced by a new one. Although the contract...
Coinbase Wallet Unveils New Features For Safer Web3 Experience
American crypto exchange Coinbase has unveiled a series of features for its wallet to make web3 exploration safer for its users. The new features focus on increased transparency, enhanced protection,...
Final Report Reveals Questionable Business Practices of Celsius Network
The independent examiner appointed by the U.S Bankruptcy Court for the Southern District of New York in the bankruptcy case of the Celsius Network released her final report earlier today....
MATIC Whale Triggers 20% Rally With $56 Million Transfer
MATIC, the native token of Ethereum’s most popular scaling solution Polygon, has seen a massive rally over the past few days. The token has gone from $0.94 to $1.13 within...
Argo Blockchain Faces Class Action Lawsuit, Shares Down 7.5%
Investors of Argo Blockchain have brought a class-action lawsuit against the British Bitcoin mining firm. The lawsuit accused the Bitcoin miner of misleading investors and misrepresenting several key facts related...
Maple Finance Reveals $100 Million USDC Liquidity Pool
Maple Finance, the popular decentralized finance lending protocol (DeFi), is looking to make a comeback in the lending market with the launch of a new liquidity pool of trade receivables....
Suspicious Whale Transactions Identified in Dogecoin Ecosystem
Details shared by the Dogecoin Whale Alert show that large amounts of the flagship meme coin were transferred in a pattern that suggests prolonged storage. Multiple notifications from the Doge...
Former SEC Chief John Reed Lashes Out at ‘Big Crypto’ for Catchphrase
John Reed Stark, President of John Reed Stark Consulting and former SEC Chief, took to his newsletter to lash out at ‘Big Crypto’, the well-funded and organized group of crypto...
Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing
Barely hours after Genesis Global filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York, two of the crypto lender’s top ten creditors...
Crypto Investor says Buying Optimism (OP) in 2022 was a Mistake
Acclaimed crypto investor @PaoloRebuffo has expressed disappointment over the on-chain performance of the Layer 2 project Optimism. His criticism focuses on the project’s on-chain performance, rather than technical issues. In...
Put Crypto Regulation in the Proper Perspective: Ripple CEO
The Ripple CEO, Brad Garlinghouse has called for crypto regulation to be in the proper perspective. He said this across multiple interviews at the 2023 World Economic Conference, Davos 2023....
BTC Eclipses Gold as Chart Predicts Persistence in Volatility
Bitcoin’s significant price surge at the start of the year has outpaced the gains associated with gold. Reportedly, the recent 20%-plus volatility in Bitcoin and the top 100 tokens has...
Charles Hoskinson Faults YouTubers Over Cardano Representation
Cardano founder Charles Hoskinson criticized crypto YouTubers who do not give his project a fair representation. In a tweet, Hoskinson said that the acclaimed analysts use biased sources to pursue...
Analyst Identifies Ceyuan Ventures as Early Chiliz Investor
Beijing-based venture capital firm Ceyuan Ventures was recognized as one of the major investors in the sports and entertainment blockchain project Chillz. In a recent revelation, a Chiliz promoter and...
Thailand’s SEC Issues New Regulations For Crypto Custodians
The Securities and Exchange Commission (SEC) of Thailand has brought forward a new set of regulations for digital asset service providers in the country. The new rules are part of...
Ex-FTX US President Brett Harrison Denies Involvement in Scandal
Former FTX US president, Brett Harrison has debunked rumors linking him with the alleged fraud executed by Sam Bankman-Fried (SBF) and his team at FTX. According to Harrison, the scheme...
