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Genesis Sues Parent Firm DCG Over $600 Million Loan Repayment
7.9.2023
Genesis Global Capital (GGC), a subsidiary of Digital Currency Group (DCG) based in New York, has initiated two lawsuits against DCG and its international arm, DCGI, aiming to secure the repayment of loans totaling $600 million.
Genesis, which declared bankruptcy in January this year following...
Bitcoin’s 21 Million Supply Cap: Immutable Truth or Future Flexibility?
6.9.2023
This week, the crypto community is abuzz with discussions about Bitcoin’s 21 million supply cap and the potential for its alteration. On September 4, in a social media exchange, software developer and Bitcoin Core contributor Peter Todd expressed his belief that in “10-20 years the idea of...
Riot Platforms says Texas energy strategy reduced production costs by $31M
6.9.2023
As Texas baked in the sun, Riot Platforms received two types of monetary credit for being attentive to the grid’s power needs
Lido DAO Receives Request for $1.5 Million Funding to Expand Solana Liquid Staking
6.9.2023
A group known as the P2P team has requested $1.5 million in funding from the popular staking provider Lido DAO to further develop Lido’s staking service for the Solana (SOL) network.
The request from the P2P team was published as a proposal on Lido DAO’s governance forum, with the team saying...
$21 Million in ‘Sleeping Bitcoins’ Awaken After Years of Dormancy
6.9.2023
Despite Bitcoin’s (BTC) price dipping 6.4% this week and hovering below the $26K mark, a flurry of activity was noted between September 5th and 6th as several substantial ‘sleeping bitcoins’ stirred. After a lull of slightly over six years, an individual splurged 359.92...
Is It Too Late to Buy NEO? NEO Price Blasts Up 7% and Crypto Startup Launchpad Raises $1.6 Million – Fundraise Ends Today
6.9.2023
Leading Chinese layer-1 smart contracts blockchain NEO has blasted up +7% following Flamingo Finance's cross-chain integration with Ethereum and Ontology.
Dubbed 'Chinese Ethereum' by Western traders, NEO has been on the climb since September 2, as price appears to be bouncing back from strong...
Blockchain Startup Story Protocol Secures $54 Million Funding Led by Andreessen Horowitz
6.9.2023
Story Protocol, a startup that uses blockchain tech to track intellectual property (IP), has secured more than $54 million in funding driven by venture capital giant Andreessen Horowitz (a16z) crypto....
Read More: Blockchain Startup Story Protocol Secures $54 Million Funding Led by Andreessen...
Synapse Token Price Plummets as Nima Capital Dumps 9 Million SNY Tokens – Community Suspects Rug Pull
6.9.2023
On September 5, the native token of Synapse (SYN), a decentralized finance (DeFi) cross-chain bridge, experienced a substantial price drop as an unidentified liquidity provider offloaded approximately 9 million SYN tokens and withdrew all stablecoin liquidity from the platform.
Synapse stands...
Lawyers Have Raked In At Least $700 Million From Major Crypto Implosions: New York Times Report
5.9.2023
Lawyers, accountants, and consultants make up professionals who have raked in over $700 million in fees following the collapse of several digital asset firms last year.
A new report by the New York Times shows how the unfortunate crypto incidents have led to an unexpected “financial bonanza”...
Bitcoin Defies Trend as Crypto Funds Experience $342 Million Outflow Streak
5.9.2023
Crypto-backed investment funds saw minor outflows totaling $11.2 million last week, marking the third consecutive week of outflows from the sector.
The overall outflows mainly came as a result of significant outflows from altcoin-backed funds, and in particular those backed by Polygon’s native...
Report Reveals 88,200 Millionaires Built Wealth Through Cryptocurrency
5.9.2023
A study by Henley & Partners, an investment migration consultancy in London, reveals an interesting insight: of the world’s 56.1 million millionaires, a notable 88,200 have earned their fortunes in cryptocurrency. Crypto’s Elite: How Bitcoin and Cryptocurrency Carved Out a...
Coinbase to upsize debt repurchase by $30M
5.9.2023
A total of $180 million 2031 Senior Notes will be repurchased by the exchange
Stake experiences a security compromise worth $41 million
5.9.2023
Stake has reportedly experienced a major hack for its hot wallets. This has caused the platform a loss of approximately $41 million. The malicious actor is said to have executed multiple transactions, thereby creating suspicion around the outflow of cryptocurrencies. This development was first...
Shiba Inu Price Prediction as Daily Trading Volume Surges Past $100 Million – Are Meme Coins Back?
5.9.2023
The price of Shiba Inu (SHIB) has declined by 1.5% in the past 24 hours, with its drop to $0.00000758 coming on what is also a disappointing day for the market as a whole.
SHIB is now down by 6% in a week and by 21% in the last 30 days, with the meme token also down by 6% since the beginning...
Cronos Labs begins recruitment phase for $100M accelerator program
5.9.2023
Cronos tapped Google Cloud, Amazon Web Services, CertiK, PeckShield and various other firms to participate as mentors in the accelerator program
POW Coin Shoots Up 3,000% and Viral Meme Coin Wall Street Memes Secures $25 Million in Funding – Next PEPE or Shiba Inu?
5.9.2023
In the latest DEX skyrocket, POW token - otherwise known as Pepe of Wall Street - has exploded more than +3,000% in a magnificent pump.
This comes amid a wider resurgence in on-chain trading activity, dubbed the 'On-Chain Summer', previous weeks have seen major narratives such as Telegram trading...
Only Web3 Social Media Can Bring Back Power to Users — Phaver CEO Joonatan Lintala
5.9.2023
According to Joonatan Lintala, the co-founder and CEO of Phaver, the limited progress of the technology behind Web3 social media platforms is one of the reasons why prospective users are reluctant to try them out. Lintala also added that “none of the current generation Web3 protocols are...
Crypto Betting Platform Stake.com Comfirms Hacking Incident, Over $40 Million Worth of Assets Stolen
4.9.2023
Crypto betting platform Stake.com confirmed on Sept. 4 that an unknown entity had carried out unauthorised transactions from its ethereum and Binance Smartchain hot wallets. However, the crypto-betting platform insisted that user funds were safe and that its other hot wallets remain operational....
Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak
4.9.2023
Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network. From Peak to Plunge: Lightning...
Shibarium Surpasses 1 Million Wallets in Meteoric Rise, But SHIB and Associated Tokens Face Turbulent Waters
4.9.2023
Shiba Inu’s layer two (L2) scaling endeavor, Shibarium, has successfully crossed the 1 million wallet threshold since its inception, as evidenced by data from shibariumscan.io. Yet, the project’s native token, SHIB, has seen a decline of over 4% in the past week and a substantial drop...