Among rocket launchers, grenades and bullets, Venezuelan authorities also seized an unlikely technology from criminals during a prison raid this week: Bitcoin mining machines. In an operation to crack the South American country’s most powerful organized crime group Wednesday, 11,000 troops were used to raid the Tocorón prison in Aragua state, according to an official […]
FTX ramps up asset recovery ahead of Bankman-Fried’s trial
FTX intensified its asset recovery operations under legal scrutiny as founder Sam Bankman-Fried prepares for his October trial in October. Spearheaded by FTX Chief Executive and Restructuring Officer John J. Ray, the company aims to reclaim billions of dollars that…
Binance Hot Wallet Spends $840k Worth of Ether in Gas Fees: Data
Binance has seen immense activity on one of its Ethereum hot wallets in recent weeks. However, things got heated up on September 21st as a result of high on-chain activity by the Binance 14 wallet. The hot wallet, in question, spent an astonishing 530 Ether in gas fees, worth around $840k, in a span of […]
Polkadot To Increase Parachains By 10X, Will This Support Free-Falling DOT?
Polkadot, a platform aiming to drive blockchain interoperability, wants to increase the number of parachains from 100 to 1,000 in a planned upgrade. The network, which remains one of the most valuable by market cap, has, like most layer 1 networks, suffered from dropping user activity over the past months. DOT Is Down Over 90% […]
Crypto Biz: Bidding war for SVB Capital, new crypto funds and Citi’s private blockchain
This week’s Crypto Biz explores SVB Capital bids, new funds from Blockchain Capital, the Hut 8-US Bitcoin merger and Citigroup’s private blockchain.
Discord and Twitter hacks result in crypto losses of $6m
Twelve major incidents security incidents occurred this week, leading to crypto losses of roughly $6.4 million. According to web3 security firm CertiK, these losses were due to crypto hacks and phishing attacks through Discord and X (formerly known as Twitter).…
Coinbase looks to acquire FTX Europe despite bankruptcy baggage
Crypto exchange Coinbase reportedly showed interest in acquiring the European subsidiary of bankrupt FTX, Fortune reported on Sept. 22. Coinbase reportedly considered acquiring FTX Europe following its collapse last November and continued to explore this possibility even into this month. This interest was part of Coinbase’s strategy to expand its global presence in the crypto […]
Judge denies motion to dismiss in Compound DAO case update
A federal judge in California denied the motion to dismiss the case against Compound Labs and its associated entities, after allegations of violating financial regulations. This means owners of the COMP token can move ahead with their lawsuit. Partner identification…
Shiba Inu Wallet Unlock Crypto Aggregator Innovation
In a groundbreaking collaboration, Tangem, a provider of hardware wallets with a Shiba Inu theme, has teamed up with ChangeNOW, a prominent centralized cryptocurrency exchange, to introduce an innovative crypto-focused product known as “Tangem Express.” This exciting development aims to offer users a comprehensive range of functionalities, including cross-chain swaps and seamless cryptocurrency conversions, through […]
Solana: Why the $20 roadblock could persist
Solana could find it challenging to go beyond $20 because it’s a confluence of a few resistance levels.