Sam Bankman-Fried files appeal for felony conviction
Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial and was convicted of seven felony counts and sentenced to 25 years in prison.
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Bithumb’s largest shareholder executive found dead following allegations of embezzlement
Mr. Park Mo was found dead after an investigation had been launched against him for embezzlement and stock price manipulation. 101 Total views 1 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTMr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead…

Revolut Business reportedly cuts crypto services ahead of new rules
The neobank will halt crypto purchases by businesses while it sorts out new ad requirements. 376 Total views 9 Total shares Neobank Revolut will temporarily halt cryptocurrency purchases on its business platform in the United Kingdom at the beginning of the new year, according to a media report. An email informing customers of the decision

Second Largest Exchange OKEx Launches New Crypto Derivative Product
Malta-based major cryptocurrency exchange OKEx has launched a new crypto derivative product, according to a press release shared with Cointelegraph, Dec.19.As Cointelegraph reported at the beginning of the month, the new product, dubbed Perpetual Swap, is a virtual derivative that lets users speculate on the future value of BTC/USD, according to OKEx’s index.Per the release,…

$24M CryptoPunk NFT quietly sold, Trump earned over $7M from NFTs: Nifty Newsletter
The most expensive CryptoPunk ever purchased was transferred for an undisclosed amount on Aug. 19, causing speculation about its sale price.

ETH Scalability Isn’t Going to Be an Issue Soon, Suggests Vitalik Buterin
Ethereum 2.0 will eventually facilitate up to approximately 100,000 transactions per second. 984 Total views 20 Total shares Ethereum expects boosted transactions per second, or TPS, as the network shifts toward the long-awaited Ethereum 2.0, or ETH 2.0, according to Etheruem co-founder Vitalik Buterin. Vitalik says the transition will not be instant"ETH2 scaling for data will…

Venezuela Bans Crypto Mining From Public Housing
Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister. 992 Total views 18 Total shares Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced today that crypto mining operations won’t be allowed in any state-owned housing or neighborhoods that are part of the “Gran Misión Vivienda” project (Great Home Mission).During an official…

How to demystify DeFi
Although the learning curve for using decentralized finance (DeFi) is steeper than with centralized exchanges, DeFi and its use of immutable smart contracts open up prospects for a more inclusive world. But how can we navigate the core functions of DeFi, use them effectively and profit? Understand key protocols Lending and borrowing Emerging in 2017…

Immutable zkEVM begins testnet phase with 12 Web3 games in development
Web3 gaming platform Immutable has commenced public testing of its Immutable zkEVM in collaboration with Polygon Labs.Work on the zero-knowledge Ethereum virtual machine (zkEVM) network began in March after Immutable announced a partnership with Polygon Labs. Polygon's own 'holy grail' Ethereum-scaling zkEVM hit mainnet on March 27. In an Aug. 14 announcement, Immutable said its zkEVM will…