When critics started to pen the eulogies, Shibarium—Shiba Inu’s layer-2 blockchain—roared back to life. The project, which faced a shaky start with outages and technical difficulties, witnessed a remarkable turnaround, with its wallets surpassing the 100,000 mark. This resurgence, coming
South Korea has taken a decisive step, instructing its local cryptocurrency exchanges to maintain a reserve of at least 3 billion won, equivalent to roughly $2.3 million. This directive, anchored in the “Virtual Asset Real-Name Account Operation Guidelines” by the
FTX, the defunct cryptocurrency exchange, has temporarily halted user accounts linked to Kroll, its bankruptcy claims agent, following a troubling cyber breach. While seemingly necessary for safeguarding users, this decision raises questions about crypto firms’ broader vulnerabilities in an era
Soccer legend Ronaldinho Gaúcho is making headlines not for his football skills but for his alleged involvement in a crypto fraud probe. According to a recent report, the Brazilian superstar has been linked to a crypto pyramid scheme through his
As cryptocurrencies face scrutiny worldwide, the unique enrollment method of Worldcoin, the brainchild of Sam Altman, has taken a toll on its market value. The novel token of Worldcoin, a protocol that uses iris-scanning orbs for user enrollment, WLD crashed
The Middle East has always acted as a friend of the crypto industry, and one more country is making headlines this time by investing $1.1 billion in Bitcoin mining. H.E. Sheikh Mansour Bin Taleb Bin Ali Al Hinai, Chairman of
Former US President Donald Trump announced his dramatic return to Twitter, now the X platform with a post of his mugshot, although he previously vowed not to return to the platform. Before his return, Trump’s last post on X was
Tornado Cash cofounder Roman Storm was released on bail on Thursday, Aug. 24, a day after the software developer was charged with money laundering and sanctions violations in the United States, according to his lawyer Brian Klein. Storm was arrested
Following a security breach that removed $1 million from its funds, the decentralized futures trading platform Cypher has unveiled its comprehensive recovery strategy. Operating on the Solana blockchain, the platform faced severe scrutiny after it paused its smart contract, promptly
Cryptocurrency exchange Bitstamp is set to cease Ethereum staking offerings for its American clientele starting September 25, 2023. As other regions like the European Union embrace clearer crypto regulations, US investors and exchanges are left navigating a murky scene. According
The U.S. Department of Justice (DOJ) charged Tornado Cash developers Roman Storm and Roman Semenov with laundering over $1 billion in criminal proceeds, including hundreds of millions of dollars for stated-backed North Korean hacking group Lazarus. Tornado Cash is an
In a case highlighting the pitfalls of the booming Non-Fungible Token (NFT) market, Nathaniel Chastain, the former Head of Product for leading NFT platform OpenSea, faced stern repercussions for leveraging insider information to his advantage. According to a report from
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