Monthly archives: November 2022

A leading crypto analytics firm finds Bitcoin (BTC) whales are re-accumulating after selling off huge amounts of the top crypto asset in the wake of FTX’s implosion earlier this month. According to Santiment, whales have been dumping their cumulative holdings for 13 months, and addresses holding between 100 and 10,000 BTC sold off 1.36% of …

Continue reading “Bitcoin Whales Load Up Over $789,000,000 in BTC in Less Than One Week: Analytics Firm Santiment”

Amid the ongoing manhunt for Terraform Labs co-founder and CEO Do Kwon, South Korean authorities have spread out their investigations to target other Terra executives. Prosecutors issued an arrest warrant for co-founder Daniel Shin and seven other engineers and investors of the firm following suspicion of gaining illegal profits before the massive collapse of the Terra …

Continue reading “South Korea issues arrest warrant for Do Kwon’s former colleagues”

While Brazil has not made Bitcoin (BTC) legal tender as El Salvador did last year, the South-American nation has passed a law that legalizes crypto payments throughout the country.  The Chamber of Deputies of Brazil, a federal legislative body, has passed a regulatory framework that legalizes the use of cryptocurrencies as a payment method within …

Continue reading “Brazil passes law to legalize crypto as a payment method”

United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision. Maersk stated on Nov. 29 that it has begun taking immediate action to cease operations on the platform which should …

Continue reading “Blockchain-based supply chain platform canned by IBM and Maersk”

A lawyer for BlockFi told the first day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and that the collapsed exchange’s sister company Alameda Research has defaulted on a $680 million loan. BlockFi filed 15 motions on Nov. 28 which were approved by the court in the first …

Continue reading “Bankruptcy court told FTX and Alameda owe BlockFi $1B… but it’s complicated”

Former FTX CEO Sam Bankman-Fried has been called to a Feb. 2 hearing by the Texan securities regulator as part of an investigation into whether he and FTX US have violated Texas securities laws.  In a Notice of Hearing signed off by Texas State Securities Board’s (SSB’s) director of enforcement Joe Rotunda and served to …

Continue reading “Bankman-Fried on the hook in Texas, called to appear at Feb. hearing”

Malware, ransomware attacks and phishing are not the only scourges of the crypto industry as the Metaverse could become a big target next year, according to cybersecurity experts. In its “Consumer Cyberthreats: Predictions for 2023” report on Nov. 28, cybersecurity firm Kaspersky forewarned that there will be greater exploitation of the Metaverse due to lacking …

Continue reading “Metaverse exploitation and abuse to rise in 2023: Kaspersky”