In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens that were not immediately available due to a vesting schedule. Insiders Say FTX Sold Millions of Locked Solana Tokens at a Deep Discount The bankrupt entity formerly …
Monthly archives: April 2024
Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury
On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission (SEC). The lawsuit spanned approximately two weeks. The trial culminated in the jury’s decision in a federal courtroom subsequent to …
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Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production
According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March 2023’s earnings. Ahead of Bitcoin’s Next Halving, Bitdeer Taps TSMC for Proprietary Mining …
Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations
A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of the energy losses of the National Power Administration (ANDE) correspond, in part, to illegal bitcoin mining …
ICB Network Enters New Era of Blockchain Technology With Advanced Layer 1 Project
PRESS RELEASE. Singapore, April 5, 2024 – During this crucial period for the crypto industry, ICB Crypto Services is ready to announce the early launch of the Ideal Cooperation Blockchain (ICB) Network. Designed by the sophisticated ICB Labs, the ICB Network introduces a promising Layer 1 blockchain project that was created to update the standards …
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Green Bitcoin Soars 1.6x On Uniswap Launch As Whale Strikes
A new eco-friendly Bitcoin alternative called Green Bitcoin (ticker: GBTC) landed on Uniswap at 1PM UTC today and it posted an instant 1.6x windfall after […] Go to Source
Online Payments Giant PayPal Enables Cross-Border, Stablecoin-Funded Money Transfers for US Customers
PayPal just rolled out a new service that allows users to fund their cross-border money transfers using PayPalUSD (PYUSD), the US dollar-pegged stablecoin that the online payments giant unveiled in August last year. In a new statement, PayPal says that US users of remittance provider Xoom can now convert the PYUSD in their PayPal account …
‘Head of Compliance’ at Infamous $4,000,000,000 OneCoin Crypto Scheme Sentenced to Four Years in Prison
A top executive of the fraudulent cryptocurrency scheme OneCoin will spend years behind bars for her role in the multi-level marketing (MLM) scam that swindled billions from victims worldwide. OneCoin, which was co-founded by the so-called crypto queen Ruja Ignatova and Karl Sebastian Greenwood in 2014, promised to pay commission to members who recruited people …
Top-100 Altcoin Surges Over 2x in a Week Amid a Slate of New Features and Partnerships
A top-100 altcoin has more than doubled up during the last week as it announces a host of new partnerships and features. New data reveals that Core (CORE), a layer-1 blockchain that leverages the advantages of Bitcoin’s (BTC) proof-of-work network, has skyrocketed over the last seven days. On March 29th, CORE was trading for $1.07. …
Bitcoin Possesses ‘Much More Upside,’ According to Glassnode Co-Founders – But There’s a Catch
The founders of analytics platform Glassnode believe Bitcoin (BTC) is gearing up for a much bigger move to the upside. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say that Bitcoin appears to be forming a bullish pattern amid a market correction. However, the analysts …
Solv Protocol Introduces Innovative Point System To Reward Users and Reveals Airdrop Plans
April 5, 2024 – Singapore, Singapore Solv Protocol, the leading native yield platform that tokenizes and aggregates yields from diverse sources, is launching its new point system. The system will go live on April 5, 2024, and is designed to reward users investing in Solv vaults like SolvBTC, the platform’s native yield solution for Bitcoin. …
$840,000 To Be Dished Out With No Strings Attached As US City’s Guaranteed Income Program Gets Green Light: Report
A new guaranteed basic income pilot is reportedly gearing up for launch, preparing to hand cash to hundreds of families living below the poverty line. The program aims to distribute monthly $500 checks for a year to 140 families in Evanston, Illinois, reports the local news outlet Evanston RoundTable. Applicants must have children 5 years …
Even crypto friendly UK banks freeze accounts in fear of crypto transactions
There has been an increase in bank accounts belonging to crypto professionals being frozen or restricted across the UK, US, and EU over the past few months. They say you often don’t care about something until it happens to you; well, this week, it did. To my genuine surprise, it came from the one place …
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Grayscale drops Cardano and Cosmos from its crypto funds in quarterly rebalancing
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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MicroStrategy thrives on Bitcoin strategy while Tesla left over $1 billion on table as stock slips
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …