RedStone Oracles raises $15M led by Arrington Capital
The oracle solution said it amassed $4 billion in total value secured across 100 individual clients.
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3AC subpoenas issued as dispute grows over claims of Terraform dump
A federal judge overseeing Three Arrows Capital’s (3AC’s) bankruptcy proceedings has signed an order approving subpoenas to be delivered to 3AC’s former leadership, including co-founders Su Zhu and Kyle Davies.The subpoenas require the founders to give up any “recorded information, including books, documents, records, and papers” in their custody that relates to the firm’s property…
Report: Around 300 Addresses Contain 80% of Tether Supply
The Massachusetts-based crypto market research firm Coin Metrics says that 318 addresses hold at least $1 million worth of Tether (USDT), comprising 80% of the global Tether supply.Bloomberg reported the company’s finding in a report on Aug. 7. Coin Metrics co-founder Nic Carter additionally mentioned that some of the USDT whales include major crypto exchanges,…
Ethereum staking services agree to 22% limit of all validators
At least five Ethereum liquid staking providers have either imposed or are working to impose a self-limit rule in which they promise not to own more than 22% of the Ethereum staking market — seen as a move to ensure the Ethereum network remains decentralized.Among the Ethereum staking providers either already committed or are working
Ethereum lacks a 'simple one-liner' elevator pitch for boomers — Analysts
While Bitcoin is often marketed as "digital gold," Ethereum hasn't quite found its simple elevator pitch yet, according to crypto analysts.
Crypto Conference Attendees File ‘Massive’ Class-Action Lawsuit
The Massive Adoption Crypto Festival is the target of a class-action lawsuit demanding compensation for damages following its cancellation in January. Securities fraud and investment loss attorney David Silver has filed a class-action lawsuit on behalf of attendees against the organizer of the cancelled Massive Adoption crypto conference.According to the initial complaint filed on May…
Marathon Digital will use landfill methane to mine Bitcoin in Utah pilot project
The BTC miner has partnered with startup Nodal Power for a green, off-grid project that is a small start for a potentially big advancement. 358 Total views 7 Total shares Marathon Digital has begun mining Bitcoin (BTC) using power generated from methane gas siphoned off a landfill. The 280-kW off-grid pilot project is operating in
Singaporean family office to set up digital bank in Bahrain
Whampoa Group started its digital asset arm in 2021 and has invested in a $500 million Binance Labs fund along with TikTok parent ByteDance. 182 Total views 3 Total shares The Whampoa Group, a family office based in Singapore, will open a digital bank in Bahrain, the kingdom’s Economic Development Board said on May 18. The…
Ethereum bounces above $1.2K, but derivatives metrics show traders fear a collapse
Ether (ETH) gained 5.6% on Dec. 20 after testing the $1,150 support the previous day. Still, a bearish trend prevails, forming a three-week-long descending channel, a price action attributed to expectations of further U.S. Federal Reserve interest rate hikes.Ether/USD price index, 12-hour. Source: TradingViewJim Bianco, head of institutional research firm Bianco Research, said on Dec.…