The recent $234 million hack on WazirX has prompted the embattled crypto platform to enter into an initial 30-day moratorium. This decision was made in light of pending deliberations by Singapore’s High Court on whether to extend the moratorium. CoinSwitch, a rival platform, has announced its intention to pursue legal action to recover approximately $9.6
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Gameplay Galaxy, a rising star in the blockchain gaming industry, has recently closed a seed extension round, raising an impressive $11.17 million. This latest funding round has not only boosted the company’s valuation to $71 million but has also brought its total funding to $24 million. This significant influx of capital will primarily be used
Cardano and its native token, ADA, did not have a great Q2 in 2024. The price of ADA plummeted by 39.7% to $0.39, causing its market capitalization to fall by 39.4% to $14 billion. This decline was mainly influenced by an increase in circulating supply. It’s worrying to see such significant decreases in key performance
Maker, a prominent DeFi lending protocol on Ethereum, has recently undergone a significant rebranding, transitioning to a new identity as “Sky.” Along with this rebrand, the decentralized stablecoin DAI has been renamed to USDS, and the MKR governance token has been transformed into SKY. This strategic rebranding aims to mark a new era in decentralized
In recent years, France has emerged as a key player in the global crypto landscape, attracting major industry players such as Binance, Crypto.com, and Circle to establish their European headquarters in Paris. This was largely due to France’s favorable tax rates, access to a talented pool of individuals from across Europe, and a strong culture
Former FTX executive Ryan Salame is facing a complicated legal battle as he tries to void his guilty plea based on false promises from prosecutors. The US government has strongly opposed Salame’s attempt, calling his allegations demonstrably false. The charges against Salame’s partner, Michelle Bond, are distinct and ongoing, according to the US Attorney’s Office.
Abra, a crypto lending firm, recently found itself in hot water with the US Securities and Exchange Commission (SEC) for failing to register its crypto asset lending product, Abra Earn. Despite offering the product in the US and attracting approximately $600 million in assets, the majority of which came from US investors, Abra did not
Sony Blockchain Solutions Labs, in collaboration with Startale labs, has unveiled its latest project – the Soneium blockchain platform. The primary objective of Soneium is to bridge the gap between Web3 and Web2, making it simpler and more accessible for individuals to adopt blockchain technology that is user-friendly, scalable, efficient, and capable of addressing real-world
Meta, formerly known as Facebook, recently made headlines with the cancellation of its next-gen mixed-reality headset. This decision has sparked a debate within the tech community about the company’s strategic direction and its potential impact on the AR/VR market. The cancellation of the Reality Labs headset can be seen as a strategic shift for Meta.
The former CEO of Heartland Tri-State Bank (HTSB), Shan Hanes, was recently sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. Hanes executed 11 unauthorized wire transfers between May and July 2023, directing the bank’s funds to a cryptocurrency wallet in a scheme known as “pig butchering.” This
