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Brandt Bucks BTC Halving Hype, Vitalik’s Big Transfer, Spot Bitcoin ETF Developments, and More — Week in Review
24.12.2023
Trader and financial analyst Peter Brandt says that BTC “halving hype is a whole lot of excitement over nothing,” while developments point to imminent SEC action on the spot bitcoin exchange-traded fund (ETF) front. In other popular news this week, Ethereum co-founder Vitalik Buterin...
Report: British Virgin Islands Court Freezes 3AC Assets Worth Over $1 Billion
23.12.2023
A court in the British Virgin Islands has issued an order to freeze assets worth over $1 billion belonging to the founders of the defunct crypto hedge fund Three Arrows Capital. The worldwide freeze order also bars Kelly Chen, the wife of Kyle Davies, from transferring or selling...
BitMEX Co-founder Sells Solana for Ethereum, Predicts ETH Price to Reach $5,000
22.12.2023
Source: a video screenshot, Youtube BitMEX co-founder Arthur Hayes says he has sold Solana (SOL) and bought more Ethereum (ETH) despite the recent bullish momentum recorded by SOL. In a post on X (formerly Twitter), Hayes stated that he had received an inspiration to support Vitalik Buterin’s...
Court Freezes 3AC Co-Founders’ Assets Worth $1.14 Billion
21.12.2023
Source: Adobe/Christophe Fouquin A British Virgin Islands court has issued an order freezing approximately $1.14 billion in assets belonging to the co-founders of Three Arrows Capital (3AC). According to Teneo, the firm’s liquidator, the court order prohibits co-founders Su Zhu and Kyle...
Building a Post-Hype NFT Platform: An Interview with Galaxis Co-Founder Andras Kristof
20.12.2023
The rapidly evolving landscape of blockchain and cryptocurrency has long been taking over the art world. Once only available to a few, the disruption of the NFT industry through blockchain has made art, or ‘digital art’ accessible to everyone, far beyond the VIPs and the exclusives of...
Vitalik Buterin’s $1 Million Ethereum Transfer to Coinbase Sparks Speculation
19.12.2023
Monitoring of high-profile crypto addresses by onchain analysts has recently revealed that Ethereum co-founder, Vitalik Buterin, transferred 500 ETH, valued at slightly over $1 million, to Coinbase. This action is part of a pattern, following Buterin’s previous transfers to exchanges...
Montenegro Appeals Court Overturns Extradition of Terraform Labs Co-Founder Do Kwon
19.12.2023
On Tuesday, Montenegro’s appeals court overturned the extradition request for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition. Kwon to Remain in Montenegro, Decision Lies With Justice Minister...
Are Hackers Two Steps Ahead of Security in a Cat-and-Mouse Game? Experts Answer
17.12.2023
Source: AdobeStock / aLListar/peopleimages.com Talking with Cryptonews, Raz Niv, co-founder and CTO at the Web3 security company Blockaid, and Kate Kurbanova, co-founder of risk management firm Apostro, discussed the evolution and high adaptability of crypto thieves, the “ingenious” methods...
SquidGrow: Building During the Bear
15.12.2023
PRESS RELEASE. 15th December 2023. SquidGrow, the meme-utility token co-founded by the elusive crypto whale Shibtoshi, continues to innovate with new ways to energize the community. These include developing a custom bridge and privacy cross chain aggregator, liquidity locker, NFT marketplace...
Polygon (MATIC) Co-founder Jordi Baylina Has Bullish Outlook for 2024 – Everlodge (ELDG) to Disrupt $280T Market
14.12.2023
The Polygon (MAITC) crypto has seen an increase in appeal and activity as its ecosystem could see a massive surge in activity during the upcoming year, based on an official announcement by its co-founder. Everlodge (ELDG) is also capturing a significant level of attention, as it will introduce...
Vitalik Buterin Proposes Enshrined ZK-EVM for Enhanced Ethereum Main Chain Efficiency
14.12.2023
Source: ShutterStock Vitalik Buterin, Ethereum’s co-founder, has introduced a conceptual architecture called the enshrined Zero-Knowledge Ethereum Virtual Machine (ZK-EVM) to enhance the main chain’s efficiency. According to Buterin’s latest blog, this proposal of the enshrined...
“Banks Work, Bitcoin Doesn’t” Wikipedia Co-founder Fires Shots at Bitcoin, Community Responds
13.12.2023
Bitcoin Wikipedia Source: Adobe / piter2121 Wikipedia co-founder Jimmy Wales criticized Bitcoin (BTC) on the asset losses when users forget their wallet passwords against the reality of centralized finance sparking wide controversy among crypto enthusiasts. Wales wrote on X (formerly Twitter)...
SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination + More News
13.12.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: SBF’s Lawyer Says FTX Co-founder Was Worst Person Ever Under Cross-Examination Bitfinex Analyst: Fed’s Rate Hike Pause May Be Seen...
3AC’s Su Zhu Examined in Singapore Court as Prosecutors Seek to Recover Creditor’s Assets
13.12.2023
Source: Adobe/Christophe Fouquin Three Arrows Capital’s (3AC) co-founder Su Zhu was probed in a Singapore court for the first time about the company’s collapse as prosecutors intensified efforts to recover funds belonging to creditors. According to a recent Bloomberg report, Zhu will be subject...
Three Arrows Co-Founder Su Zhu Faces Questioning in Singapore Court in Hunt for Assets: Bloomberg
13.12.2023
Zhu is expected to be released from jail this month for good behavior, Bloomberg reported
Do Kwon Will Stay in Montenegrin Custody through February: Report
12.12.2023
Disgraced Terraform Labs’ co-founder, Do Kwon, will stay in Montenegrin custody through February 2024, according to a new report. Two-month extension granted Published by Bloomberg on Tuesday, the report states that Kwon’s detention in Montenegro has been extended through early 2024 at the behest...
Venture Capital Crypto Fund C1 Eyes Australia for Bargains: Report
11.12.2023
Source: Adobe / Sutthiphong Venture Capital crypto fund C1 Fund has been meeting a number of Australian businesses offering to buy private holdings from investors, reports the Australian Financial Review. C1 is a $500 million fund managed by investors based in Silicon Valley and the United Arab...
Jack Dorsey’s Block Launches Self-Custody Bitcoin Wallet ‘Bitkey’ – Here’s What You Need to Know
7.12.2023
Source: iStock Financial payment processor firm Block, co-founded by Jack Dorsey, is launching a self-custody Bitcoin wallet in more than 95 countries. On December 7, Block unveiled its self-custody Bitcoin wallet named “Bitkey.” With Bitkey, investors can own, manage, and securely...
Report: Terraform Labs Co-Founder Do Kwon to Be Extradited to the US
7.12.2023
Terraform Labs’ co-founder, Do Kwon, is on the brink of extradition to the United States from Montenegro. This development follows a decisive ruling by a high court and the endorsement from a top official. According to The Wall Street Journal, Justice Minister Andrej Milovic...
Crypto Exchange Bitzlato in Hot Water as Co-founder Pleads Guilty
7.12.2023
Source: Adobe / deagreez Anatoly Legkodymov, also known as “Gandalf” and “Tolik,” a Russian national and co-founder of the Hong Kong-based crypto exchange Bitzlato, has pleaded guilty in a US federal court in New York to charges related to operating an unlicensed money transmitting business....