Terraform Labs to sell 4 companies as part of wind-down
The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.
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Can Bitcoin go below $10K again? The ‘Trondicator’ may have the answer
The markets are bleeding out. Ether (ETH) dropped from $500 to $300 in a matter of days, people are screaming that the DeFi bubble has burst already, and are crying about their favorite “[insert food name] coin” crashing in value after a one-month-old Twitter account rug pulled 38K ETH from investors.Yes, it’s just another week…
Scammer returns $9.3M DAI to victim 10 months after phishing them
In a strange turn of events, a phishing scammer has returned a large portion of funds it stole from a victim last September.
Media startup says it will buy back $10 million SBF stake: Report
The company had disclosed the investment on Dec. 2, but had previously not committed to returning the funds. 388 Total views 23 Total shares Own this piece of history Collect this article as an NFTMedia start-up Semafor said on Jan. 18 that it will attempt to buy back former FTX CEO Sam Bankman-Fried’s $10 million…
Lightning Networks Has Yet to Strike Adoption, but Don’t Count It Out
For a currency to be considered useful as money, it has to serve three fundamental purposes. It should function as a medium of exchange, as a store of value and as a unit of account. The fact that Bitcoin doesn’t fulfill all of these purposes to an adequate extent at least partially explains why it…
Crypto debanking could drive industry underground: Australian Treasury
The Australian government is addressing the risks of cutting banking services to crypto exchanges amid a flurry of banks restricting certain services over scams. The growing trend of banks cutting services to cryptocurrency companies in Australia could lead to undesired consequences like making the industry less transparent, according to the country’s Treasury Department.On June 28,…
Bitcoin-Seeking Ransomware Ryuk Virus Found and Studied in China
Tencent Yujian Threat Intelligence Center says that a Ryuk ransomware virus has been spotted in China.The intelligence center released information on the outbreak in a report on July 16.According to the report, Ryuk viruses are a family of malware aimed at infecting government and enterprise machines holding valuable data. According to the report, a Ryuk…
CryptoKitties Devs Secure Patent for NBA Digital Tokens
Dapper Labs, the company behind the blockchain-based game CryptoKitties, has obtained a patent in Brazil enabling them to create collectible digital tokens in partnership with the National Basketball Association (NBA). According to the March 24 edition of the Intellectual Property Magazine of Rio de Janeiro, Dapper Labs now has the rights to use NBA branding —…
Why a trader says Bitcoin is short-term bearish despite holding $30K
Bitcoin is short-term bearish, traders say, as the options market hints at consolidation. 2427 Total views 12 Total shares A pseudonymous trader known as “Byzantine General” is short-term bearish as Bitcoin (BTC) continues to test the same $30,000 support area.Although the price of Bitcoin is staying above a key support level, the trader said the…