41 / 43 Relevant items tagged with #NewsBytes
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Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows
[May 8, 2024 7:11 AM] FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate…
US Sanctions Lockbit Leader in Ransomware Crackdown
[May 8, 2024 12:19 AM] On May 7, the U.S. announced sanctions against Dmitry Yuryevich Khoroshev, a key figure in the Lockbit ransomware group. The U.S., alongside international allies including the UK and Australia, has taken coordinated measures to curb the activities…
Bitcoin Lightning Network Infrastructure Provider Mash Is Shutting Down Its Current Version
[May 7, 2024 11:45 PM] In a recent announcement, Mash, a provider of Bitcoin Lightning Network infrastructure, has decided to shut down its current version. This comes nearly two years after Mash successfully closed a $6 million seed round in June 2022 to build out its…
Elon Musk Meets President Milei, Reccomends to Invest in Argentina
[May 7, 2024 11:10 PM] Elon Musk, the billionaire entrepreneur and CEO of Tesla and Spacex, called to invest in Argentina after meeting with Argentine President Javier Milei. Musk and Milei met for the second time in less than a month after Milei participated in the…
P2P XMR Exchange Localmonero/Agoradesk Announces Closure After Seven Years of Operation
[May 7, 2024 10:54 PM] In a recent announcement, Localmonero/Agoradesk, a popular platform for trading monero (XMR), has decided to wind down its operations after nearly seven years. The decision, influenced by a mix of internal and external factors, initiates a…
Aave Labs Unveils Ambitious Plans for Protocol V4: Enhancing GHO Stability and Cross-Chain Liquidity
[May 2, 2024 1:00 AM] Aave Labs proposed a significant upgrade to its protocol, aimed at enhancing features like its stablecoin GHO, introducing a Unified Liquidity Layer for better integration, and improving the protocol’s architecture for cross-chain liquidity…
Jack Dorsey’s Block Faces DOJ Probe Over Alleged Transactions With Sanctioned Nations and Terrorist Groups
[May 1, 2024 8:30 PM] Department of Justice (DOJ) federal prosecutors from the Southern District of New York are investigating fintech company Block, formerly known as Square, for significant compliance failures in its transaction monitoring systems after a former…
Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains
[May 1, 2024 7:22 PM] The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several…
Real-World Assets Hits New Peak With $8 Billion Locked, Reports Messari
[Apr 30, 2024 10:05 PM] The total value locked (TVL) in real-world asset (RWA) tokenization protocols has seen a remarkable surge of almost 60% since February, reaching a new high of almost $8 billion as of April 26, according to a report by blockchain analytics and…
Animoca Brands Joins Forces With Opal Foundation to Build Expansive Web3 Ecosystem on Bitcoin
[Apr 30, 2024 7:41 PM] Animoca Brands, a Hong Kong-based game software company, has announced its partnership with the Opal Foundation to enter the Bitcoin ecosystem, leveraging the Opal Protocol to develop the largest Web3 ecosystem encompassing gaming, Defi…
Former Binance Boss Changpeng Zhao Sentenced to 4 Months in Jail
[Apr 30, 2024 1:09 PM] On Tuesday, April 30, 2024, Changpeng Zhao (CZ), formerly the CEO of Binance, was sentenced in a Seattle courtroom for his compliance failures at the cryptocurrency exchange. The sentencing was first covered by Nikhilesh De and Danny Nelson of…
Ripple and Hashkey DX Partner to Boost Blockchain Supply Chain Solutions in Japan
[Apr 30, 2024 4:16 AM] Ripple has teamed up with Tokyo-based consulting firm Hashkey DX to bring XRP Ledger (XRPL) blockchain solutions to the Japanese market, aiming to revolutionize enterprise blockchain use cases in Japan, primarily through supply chain solutions…
Jameson Lopp’s Bitcoin Testnet ‘Griefing’ Stirs Controversy
Eigenlayer’s Airdrop Faces Backlash Over Token Restrictions and Minimal Allocations
[Apr 29, 2024 9:22 PM] The announcement of Eigenlayer’s airdrop, featuring non-transferable tokens and aggressive geo-restrictions, has sparked outrage among users who felt the allocated amount was minimal and the documentation confusing. Despite adding over $15.7…
Japan’s Web3 Ambitions Hang in Balance as Political Scandal Rocks Kishida’s Leadership
[Apr 28, 2024 7:43 PM] Japan’s Prime Minister Fumio Kishida and the ruling Liberal Democratic Party are advocating Web3 development amid a major corruption scandal that threatens their political stability. With leadership elections approaching in September and…
Scammers Trick Crypto Users With Faked USDT Balances, Slowmist Reports
[Apr 27, 2024 5:20 PM] Slowmist, teaming up with Imtoken, has exposed a new cryptocurrency scam exploiting offline transactions and using USDT, where scammers manipulate Ethereum RPC to falsify USDT balances in the victim’s wallet. The con artists coax victims…
Republic First Bank Fails, Triggers Minor Crypto Market Downturn Amid Banking Sector Concerns
[Apr 26, 2024 8:43 PM] The United States witnessed its first banking failure of 2024 with the closure of Philadelphia-based Republic First Bank, creating ripples within the cryptocurrency community as Bitcoin, Ether, and various altcoins experienced slight price drops…
Stablecoins Gain Ground as Global Financial Asset
[Apr 26, 2024 8:13 PM] According to Chainalysis’ “Crypto Spring Report,” stablecoin adoption and market importance are seeing a rapid increase in 2024, with a significant rise in the number of addresses holding them and their use in on-chain transactions, making them a…
Stripe Re-Enters Crypto Payments With USDC on Ethereum, Polygon, and Solana
[Apr 26, 2024 2:32 AM] Stripe, the fintech giant, has decided to re-enter the cryptocurrency payment space after a six-year hiatus, starting with USDC stablecoins on the Solana, Ethereum, and Polygon blockchains. This move, introduced by co-founder John Collison at the…
Pantera Capital Targets $1 Billion for New ‘All-in-One’ Blockchain Fund Set for 2025 Launch
[Apr 26, 2024 12:59 AM] Pantera Capital is planning to launch Pantera Fund V in April 2025, aiming to raise over $1 billion for investment in a diverse range of blockchain-based assets, representing a consolidation of its investment strategy into an…
Marathon Digital Ramps up Bitcoin Mining Goals, Targets 50 EH/s Hash Rate for 2024
[Apr 25, 2024 10:39 PM] Marathon Digital plans to increase its 2024 hash rate target for Bitcoin mining from 35-37 EH/s to 50 EH/s, thanks to expanded capacity from recent acquisitions, aiming to more than double its mining operations without the need to raise additional…
Edward Snowden Defends Crypto Privacy, Criticizes DOJ for Samourai Wallet Arrests
[Apr 24, 2024 10:09 PM] Edward Snowden criticized the U.S. Department of Justice (DOJ) for targeting app developers aimed at restoring financial privacy, responding to the arrest of the founders and CEO of cryptocurrency mixing service Samourai Wallet on charges related…
Meta Faces Tough Market Response as AI Investments Surge and Metaverse Losses Continue
[Apr 24, 2024 9:43 PM] Meta’s shares dropped 15% in after-hours trading following announcements in April of plans for significant investment in AI, alongside a weaker revenue outlook and continued losses in its metaverse division, Reality Labs. The company…
OP_CAT Proposal Assigned BIP-347, Aims to Enhance Bitcoin With Ethereum-Style Smart Contracts
[Apr 24, 2024 6:20 PM] OP_CAT, a proposal aimed at introducing Ethereum-like smart contract functionality to Bitcoin, has been assigned the Bitcoin Improvement Proposal (BIP) number 347, marking the first step towards potentially implementing this long-discussed software…
HBAR Token Price Soars 96% After Misinterpreted Blackrock Announcement
[Apr 24, 2024 1:12 AM] A misinterpreted announcement by the HBAR Foundation suggested that Blackrock’s ICS US Treasury Fund was tokenized on the Hedera blockchain in partnership with Archax and Ownera, leading to a significant misunderstanding and a 96% increase in…
Cosmos Developers Patch Critical Flaw in IBC Protocol, Safeguarding $126 Million in Assets
[Apr 23, 2024 8:12 PM] Cosmos developers have successfully rectified a critical security vulnerability in its Inter-Blockchain Communication (IBC) protocol, which had placed assets worth at least $126 million in jeopardy, following a private notification from Asymmetric…
Vitalik Buterin Among Several High-Profile Names With Over $1 Million Locked in Bridges
[Apr 23, 2024 3:27 AM] Vitalik Buterin, co-founder of Ethereum, reportedly has over $1 million trapped in the Optimism bridge, a situation highlighted in a broader analysis by Arkham, which exposes numerous wallets with significant funds locked on various bridge…
Animoca Brands Japan Teams up With Square Enix to Market ‘Symbiogenesis’ and Its NFT Collection
[Apr 23, 2024 2:08 AM] Animoca Brands Japan, a subsidiary of Animoca Brands, has signed an Memorandum of Understanding with Square Enix to assist in the marketing of the upcoming game Symbiogenesis and its related NFT collection. Square Enix, known for high-profile games…
Woo X Introduces Tokenized US Treasury Bills for Retail Investors
[Apr 22, 2024 3:58 AM] Woo X has launched a new product offering retail customers exposure to tokenized U.S. Treasury bills, the first of its kind for a cryptocurrency exchange. The product, called RWA Earn Vaults, was developed with London-based Opentrade and provides…