Bitcoin

According to a Forbes report, Brian Krewson, an Oracle technical, has come under scrutiny after being accused by the US Department of Justice (DOJ) of assisting in the alleged storage and laundering of $54 million worth of cryptocurrency for two convicted drug traffickers.  The allegations draw parallels to Krewson’s resemblance to Walter White, the infamous character from “Breaking Bad.” While …

There is a proposal to reduce the Cardano treasury tax from the current 20% to the initial 5%. Taking to X, a user @SmaugPool, who claims to be a builder and developer on Cardano, said. However, the proposal must first be passed through the community for voting, the effective treasury tax currently stands at nearly 33%. Accordingly, based on the developer’s …

Days after Sam Bankman-Fried, former FTX CEO, was found guilty on all seven criminal charges, the legal turmoil surrounding the fallen crypto exchange continues.  Former FTX executives are now in a heated dispute over who deserves a share of the company’s insurance policies to cover their mounting legal bills. Unfortunately, the problem lies in the fact that there is insufficient …

According to a recent report, South Korean authorities have disrupted a large-scale crypto scam, arresting 25 individuals believed to be involved in a multi-million dollar fraud. The Daegu Police Agency spearheaded the operation, which targeted an organization that operated between August 2020 and June 2021, promising investors high returns in a classic high-yield investment program. This proactive measure by the …

In recent developments, Kazakhstan’s Ministry of Culture and Information recently announced the blocking of several prominent financial websites in the country, including Coinbase, Interactive Brokers, and the New York Commodity Exchange (NYMEX).  The move comes in response to alleged violations of Kazakhstan’s digital assets legislation and “identified fraudulent activities.” Access To Coinbase Restricted In Kazakhstan According to local media reports, …

Data shows the current Bitcoin cycle is lining up against the historical ones in terms of the returns that the asset has seen since hitting its bottom. Previous Bitcoin Cycles Had Similar Returns At This Stage As pointed out by CryptoQuant Netherlands community manager Maartunn in a post on X, there seems to be a remarkable similarity between the current …

In a move to blend gaming with non-fungible tokens (NFTs), Square Enix has launched its first global digital art project, SYMBIOGENESIS. Starting today, the gaming giant is opening its Chapter 1 allowlist entry campaign, offering fans a chance to mint exclusive digital collectibles for free. SYMBIOGENESIS Campaign Invites Gamers to Exclusive Digital Art Minting Participants must join the official SYMBIOGENESIS …

In the 8-year history of Ethereum, there have been multiple mysteries that have made their way to the mainstream. However, one of the most popular of these is an ETH wallet that participated in the Ethereum ICO back in 2014 which has not seen any kind of activity since then. Dormant Ethereum ICO Wallet Stumps Investors In February 2023, X …

There has been significant development within the Web3 industry recently. South Korean telecommunications giant SK Telecom is set to introduce a Web3 wallet in collaboration with Aptos and Atomrigs Lab.  SK Telecom aims to tap into the potential of blockchain technology and further enhance its offerings in the growing digital space through this alliance.  SK Telecom Plans To Launch T …

The Bitcoin blockchain has run into a peculiar issue that has seen thousands of transactions pending to be approved. This is a testament to the network congestion that has plagued the blockchain over the past week. So what could be the cause of this backlog? Bitcoin Inscriptions Rear Their Heads Again Earlier in 2023, the Bitcoin network was lit ablaze …

Ava Labs, the primary developer behind the Avalanche blockchain, recently announced a significant reduction in its workforce, affecting approximately 12% of its employees. The decision to downsize came as a response to the challenges posed by the current bear market conditions, according to Emin Gün Sirer, the founder and CEO of Ava Labs. In a post shared on the company’s …

Ripple Labs has garnered significant attention in the Middle East and North Africa (MENA) region, as evidenced by recent coverage in leading Arabic newspapers, Kuwait’s Al-Seyassah and Al Qabas. This increased media focus coincides with the company’s active expansion and partnership initiatives in the region as well as the Swell conference taking place from November 8 to 9 in Dubai. …