FTX, a bankrupt crypto exchange, recently concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were among the buyers who participated in the auctions, acquiring final troves of SOL tokens from FTX after weeks of bidding. Figure reportedly purchased a bundle of 800,000 coins for around $80 million,
Crypto
In a landmark decision, the U.S. Supreme Court unanimously ruled against Coinbase Inc. in an arbitration dispute stemming from the company’s 2021 Dogecoin sweepstakes. The court clarified that when parties are governed by multiple contracts, a court must determine which legal agreement takes precedence. This decision brings much-needed clarity to the arbitration process, highlighting the
The recent decision by the United States House of Representatives to bar the Federal Reserve from directly issuing a Central Bank Digital Currency (CBDC) has sparked a heated debate within the crypto community. The CBDC Anti-Surveillance State Act bill, introduced by Rep. Tom Emmer, has raised concerns about government overreach and the need to protect
The Trump campaign made headlines on Tuesday with its announcement to accept cryptocurrency donations for the first time ever by a major party presidential nominee. This decision aligns with Trump’s overarching theme of prioritizing “freedom over socialistic government control,” as described by the campaign. Embracing New Financial Technologies By allowing supporters to donate with “any
Peter Schiff, a well-known gold bug, has once again raised concerns about the future of Bitcoin, particularly in light of the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission. This latest warning from Schiff comes at a time when the price of Bitcoin has been on the rise, surpassing $70,000.
Recently, the Web3 gaming project Gala Game fell victim to an exploit orchestrated by an unknown attacker. This attacker, described as a compromised or rogue admin address, managed to mint a whopping 5 Billion GALA tokens, valued at over $200 million. The security breach has been contained, and the affected wallet has been frozen to
Polimec, a newly launched decentralized funding protocol on Polkadot, is set to disrupt the traditional fundraising landscape for Web3 projects. With a focus on transparency and regulatory compliance, Polimec aims to connect investors and startups globally, ushering in a new era of decentralized initiatives. The launch of Polimec represents a significant advancement in Web3 fundraising
The recent announcement of Michael Sonnhenshein stepping down as the CEO of Grayscale, the world’s largest Bitcoin ETF, has sent shockwaves through the cryptocurrency community. His replacement by Peter Mintzberg from Goldman Sachs marks a significant shift in leadership for the company. Sonnhenshein’s departure comes at a crucial time for Grayscale, as it was recently
Bitcoin, the primary cryptocurrency, has experienced quite a rollercoaster ride in the past 24 hours. With the price dropping below $67,000 multiple times, it has managed to react positively to each correction, currently resting at that crucial line once again. Just a week ago, Bitcoin’s price plummeted to slightly over $61,000 due to some issues
As we look ahead to the economic events of the upcoming week, there are several key highlights that investors and market participants should keep an eye on. From the release of the Federal Reserve meeting minutes to a major earnings report from semiconductor giant Nvidia, there are plenty of factors that could potentially influence market
North Korea’s notorious cybercriminal group, known as the Lazarus Group, has been involved in illicit activities involving the theft of cryptocurrency. A confidential United Nations report obtained by Reuters revealed that the group transferred millions of dollars worth of stolen cryptocurrency back to North Korea. In March 2023, the hackers took $147.5 million worth of
Aiden Pleterski, known as Ontario’s self-proclaimed ‘Crypto King,’ has recently made headlines due to his arrest on charges of fraud and money laundering. Along with his associate, Colin Murphy, Pleterski is accused of orchestrating a Ponzi scheme that allegedly resulted in the theft of approximately $30 million from unsuspecting victims. This case, dubbed ‘Project Swan,’
In a shocking turn of events, two siblings who graduated from the prestigious Massachusetts Institute of Technology (MIT) are now facing serious allegations of exploiting a vulnerability in the Ethereum blockchain. The siblings, Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are accused of swindling a staggering $25 million within a mere 12 seconds. This brazen
Polkadot has recently embarked on a groundbreaking partnership with Founder Institute, a prominent business incubator known for nurturing innovative startup ideas. This collaboration marks the beginning of an exciting chapter in the launch of the first Web3 cohort within Founder Institute’s Core Program. The team at Founder Institute expressed enthusiasm about revolutionizing the landscape of
