In a groundbreaking decision, a Bankruptcy Judge in the Southern District of New York has sanctioned Celsius Network’s use of non-fungible tokens (NFTs) to serve legal notices. This decision emerges amidst the company’s ongoing insolvency proceedings, underlining the unique challenges posed by the digital economy. The need to recover funds stemming from allegedly fraudulent transactions
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Chris Giancarlo, the former chair of the Commodity Futures Trading Commission (CFTC), is gaining significant attention as the frontrunner for the newly proposed position of “crypto czar” within the White House. The Trump administration reportedly aims to introduce this role as a means to steer U.S. cryptocurrency policy while promoting growth within the burgeoning $3
Ethereum’s performance has been a hot topic in the crypto community, particularly as the digital currency has spent the last week stabilizing after recently reaching a four-month high of $3,420. As the second-leading cryptocurrency by market capitalization, Ethereum’s price movements have generally paralleled that of Bitcoin, the largest cryptocurrency. However, during the ongoing bull cycle,
My Neighbor Alice has rapidly gained traction as a frontrunner in the sphere of blockchain-based metaverse games since its debut in early 2023. The game offers players an engaging mix of fun and economic mechanics that introduce participants to the broader concepts of cryptocurrency and digital ownership through NFTs. However, what lies ahead for this
On November 21, 2023, the Sui Network—a Layer 1 blockchain—encountered a significant operational disruption, leading to an alarming halt in its mainnet block production. This incident lasted for two hours and temporarily suspended transaction processing on the network. According to the official team announcement, the outage was traced back to a bug within the transaction
In an exciting development within the blockchain ecosystem, the NikolAI project has unveiled its first-ever NFT series in honor of Nikolai Durov’s 44th birthday. Durov, well-regarded for his exceptional contributions to mathematics and cryptography as well as being a co-founder of the popular messaging platform Telegram, has significantly influenced this new initiative. The NFT collection
In a landmark occurrence, South Korean authorities have recovered 4.8 Bitcoin (BTC) that was associated with the infamous 2019 hack of the Upbit exchange. This attack stands as a pivotal moment in the realm of cybersecurity within the cryptocurrency sector, illustrating the escalating sophistication of cybercriminals, particularly those affiliated with North Korean hacker groups. In
As the cryptocurrency landscape expands, the Shiba Inu (SHIB) community finds itself at the center of a growing tide of fraudulent activities. The distinct appeal of Shiba Inu, known not only for its fanbase but also for its meme culture, attracts both legitimate investors and opportunistic fraudsters. Recently, voices within the community, particularly the Shibarium
In recent years, the digital asset ecosystem in the United Kingdom has experienced a remarkable surge, fueled by an overwhelming interest from both individuals and institutions. Recent statistics reveal that there are over six million active participants in this space, with 32% of UK institutions involved in digital currencies and related technologies. This robust interest
Ethereum (ETH) has been navigating a turbulent sea of price action since hitting a local high of $4,446 on November 12. While the cryptocurrency market has seen Bitcoin (BTC) capture significant attention through impressive rallies, Ethereum has faced struggles, particularly in maintaining upward momentum. As the second-largest cryptocurrency by market capitalization, Ethereum’s performance is closely
Jesse Powell, the renowned founder of the Kraken exchange, has recently thrown his support behind Brian Brooks, the former acting Comptroller of the Currency, for the position of Chair of the Securities and Exchange Commission (SEC). Powell’s endorsement highlights the need for experienced regulatory leadership, particularly in an era where cryptocurrency is becoming increasingly prevalent
Cardano (ADA) has emerged as a fascinating case study in the cryptocurrency landscape, particularly as it has managed to rise amidst widespread market downturns. Early Wednesday saw ADA prices surging to an impressive 18-month peak of $0.80, demonstrating notable bullish momentum. This remarkable ascent comes at a time when the overall cryptocurrency market is experiencing
In the rapidly evolving world of cryptocurrencies and web3 technology, the journey of individuals can often be as compelling as the markets themselves. One such figure is Samuel Edyme, famously known by his nickname HIM-buktu. His narrative is not merely about success; it’s a tale punctuated with challenges, lessons learned, and an unwavering spirit that
The cryptocurrency landscape is continually evolving, and the recent introduction of Binance’s token, BFUSD, has stirred considerable anticipation and skepticism. Touted as an innovative alternative to traditional stablecoins, BFUSD promises an attractive APY of 19.55%, raising eyebrows in the financial community. The token presents a new approach to asset management by allowing users to earn