Aptos co-founder and CEO Mo Shaikh steps down to ‘start new chapter’
Mo Shaikh, who co-founded the firm in 2021 alongside Avery Ching said he would stay on board at Aptos Labs as a strategic adviser.
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Celsius calls out Prime Trust in court, alleging firm didn’t turn over $17M in crypto
"Prime Trust was obligated under the Bankruptcy Code to deliver all property belonging to Celsius [...] including these remaining crypto assets," said Celsius' legal team. 249 Total views 15 Total shares Crypto lending platform Celsius Network has filed a lawsuit claiming that custodian Prime Trust failed to turn over roughly $17 million worth of cryptocurrency.In…
DeFi growth and potential Grayscale YFI security push Yearn.finance to $45.9K
Yearn finance’s recent partnership with Badger DAO, cross-platform DeFi integration and a potential Grayscale Investments YFI security back YFI’s rally to a new high. 2101 Total views 18 Total shares In the early hours of Feb. 11 Yearn.finance (YFI) experienced a high volume spike which pushed the price to a new all-time high at $45,900. Data…
Bitcoin price closes in on $40K, but pro traders are still skeptical
The Bitcoin (BTC) daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming from derivatives markets. At the moment, the futures and options markets are showing a lack of confidence from Bitcoin pro traders, but there's a positive spin to the data.Bitcoin price at Coinbase, USD. Source: TradingViewThe…
Fantom Foundation hacked for an estimated $6.7M: Report
Fantom Foundation's wallet was reportedly drained of funds by a “Fake_Phishing” account. Fantom Foundation, developers of the Fantom network, have reportedly been hacked for over $6.7 million worth of cryptocurrency. Blockchain data shows that an address labeled “Fake_Phishing188024” was sent over 2,000 Convex (CVX) tokens and other cryptocurrencies from a known Fantom Foundation wallet. On-chain sleuth
Bitcoin, Altcoin Prices Shun Volatility Amid Multi-Year Trade Volume Lows
Bitcoin (BTC) remained stable Sunday, October 7, capping a week of sideways trading as overall exchange volumes reached their lowest level for thirteen months.Market visualization by Coin360Data from Cointelegraph’s price tracker and Coin360 show BTC/USD hardly moving compared with the same time last week, with daily and weekly movements concluding at around 0.03 percent up…
Iran Ditches the Rial Amid Hyperinflation as LocalBitcoins Seem to Trade Near $35K
Iran’s parliament votes to institute a new currency as coronavirus and sanctions hyperinflate the rial and local Bitcoin prices skyrocket relative to official exchanges. 1385 Total views 35 Total shares Per a May 4 report from local outlet Mehr News, Iran’s new ‘Reforming Monetary and Banking Law’ has passed in parliament. The new law dictates…
Venezuela Sets New Bitcoin Volume Record Thanks to 10,000,000% Inflation
Venezuelans traded more bolivars for Bitcoin (BTC) than ever before last week, but the statistics say more about fiat than cryptocurrency. Yet another Bitcoin volumes record for VenezuelaData from Coin Dance, which tracks trading activity on P2P exchanges Localbitcoins, Paxful and Bisq, confirmed the seven days to July 20 were Venezuela’s biggest on record.During that period,…
Cisco Partners With SingularityNET on Decentralized Artificial Intelligence
Decentralized artificial intelligence (AI) firm SingularityNET and tech conglomerate Cisco have partnered to develop applied artificial general intelligence (AGI) technologies.AGI is one aspect of AI technology that concentrates on learning the intellectual tasks of which humans are capable. Sometimes referred to as “Strong AI,” AGI emphasizes a machine’s ability to reason in uncertain situations, solve…