Search
FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme
24.6.2023
According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege that the defendants received funds without...
Bitcoin Price Prediction as Traditional Finance Giants Citadel, Fidelity and Schwab Enter Crypto – Can BTC Hit $1 Million?
23.6.2023
Bitcoin, the leading cryptocurrency, faces an intriguing future as major players from the traditional finance sector, including Citadel, Fidelity, and Charles Schwab, officially enter the crypto space.
Despite regulatory challenges and previous setbacks in the industry, the participation...
Arbitrum Price Prediction as $200 Million Trading Volume Shoots ARB Up 9% – Are Whales Buying?
23.6.2023
Arbitrum (ARB) coin, the leading Layer 2 scaling solution for Ethereum, has been experiencing a surge in popularity and investor interest.
In the past week, its value has significantly increased from $0.9411 to $1.1691, with a current settling point around $1.1250.
One contributing factor...
FTX Seeks to Recover $700 Million from Sam Bankman Fried's Affiliated Funds
23.6.2023
Now-defunct cryptocurrency exchange FTX has sued a former aide for Hilary Clinton and the former aide's investment firm, K5 Global, to retrieve $700 million in funds.
On Thursday, the company filed a complaint in Wilmington, Delaware, bankruptcy court, asking back the $700 million its founder Sam...
FTX seeks to claw $700M from Bankman Fried friends and affiliated funds
23.6.2023
After a Hollywood dinner party, hundreds of millions of dollars of “avoidable” transfers were sent from Alameda to investment firm K5 Global, the suit alleges
Bitcoin’s Average Transfer Fee Surged 92% in 4 Days With More Than 330,000 Unconfirmed Transactions in the Backlog
22.6.2023
With 13.15 million ordinal inscriptions on the Bitcoin blockchain, demand has continued to keep network transfer fees high, as the average fee to transact onchain is 0.00012 BTC or $3.54 per transaction. Moreover, since June 18, 2023, average fees on the Bitcoin blockchain have increased by more...
CleanSpark Spends $9.3 Million on New Bitcoin Mining Facilities to Accommodate 6,000 Miners – Is Bitcoin Mining Still Profitable?
22.6.2023
Bitcoin (BTC) mining firm CleanSpark is expanding its operations with the acquisition of two Bitcoin mining sites in Dalton, Georgia, for $9.3 million.
The facilities will accommodate over 6,000 Bitcoin mining machines, including the latest generation Antminer S19 XP and S19j Pro+ units....
Read...
Binance Labs and CoinFund Lead $10 Million Funding Round for Cosmos Blockchain Neutron
22.6.2023
Binance Labs and CoinFund have co-led a $10 million funding round for Neutron, a cross-chain smart contract platform focused on interchain security within the Cosmos ecosystem.
Binance Labs, the investment arm of leading cryptocurrency exchange Binance, took the lead in the funding...
Stablecoin protocol Reserve to fund $20 million
22.6.2023
Stablecoin Protocol Reserve is on the verge of carrying out funding, amounting to $20 million, with regard to the governance tokens of yield framing-related applications. These include Curve (CRV), as well as Convex (CVX), and also Stake DAO (SDT). The funding will go towards the heightening of...
Cleanspark Expands Bitcoin Operations With Acquisition of Georgia Facilities in All-Cash Deal
22.6.2023
Cleanspark, a publicly listed bitcoin miner, has announced that it has entered into definitive agreements to acquire two turnkey bitcoin facilities in Dalton, Georgia. The deal will be an all-cash payment of $9.3 million and is expected to increase Cleanspark’s current operations by just...
Exploring the World of Rare Satoshis: Collectors Embrace the Value of Unique Bitcoin Artifacts
21.6.2023
With 13 million Ordinal inscriptions linked to the Bitcoin blockchain, enthusiasts have turned their attention to a distinct digital artifact subject known as “rare satoshis” or “satributes.” The latest trend involves collectors assigning greater worth to satoshis...
Bitcoin Price Prediction as Sky News Claims 21 Million BTC Supply Seized From Andrew Tate Worth $400 Million – What’s Going On?
21.6.2023
In a surprising turn of events, Sky News reported the seizure of a staggering 21 million Bitcoins from Andrew Tate, with a total value of $400 million.
This development has sent shockwaves through the cryptocurrency community, raising questions about the circumstances surrounding the seizure...
Atomic Wallet Hackers Hide $35 Million Stolen Crypto Funds Using THORChain – Here's What You Need to Know
21.6.2023
Hackers that exploited Atomic Wallet for over $100 million earlier this month are using the cross-chain liquidity protocol THORChain to hide their loot.
According to on-chain data, 503 ETH equivalent to $870,000, associated with the Atomic hack, was moved to THORChain on the 18th and 19th of June...
Ordinal Inscriptions Surge Past 13 Million Amid Game-Changing Recursive Inscription Upgrade
21.6.2023
On June 20, 2023, around 9 p.m. Eastern Time, the tally of Ordinal inscriptions minted on the Bitcoin blockchain surged past 13 million. A mere five days had elapsed since the 12 million milestone was reached, indicating a persistent demand for these inscriptions that shows no signs of diminishing....
Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US
21.6.2023
This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas (LNG) from Qatar on an annual basis. Under...
Earn Network Raises $2․7M in Seed Funding to Further Develop the Marketplace for Liquid Investments
21.6.2023
PRESS RELEASE. Hong Kong, Hong Kong, 21st June 2023, Chainwire. The Earn Network, a community-driven marketplace for liquid investments, is happy to announce the successful completion of its Seed Funding round that raised $2.7 million from VCs and Angel investors. As per the announcement, the round...
Reddit Hackers Demand $4.5 Million Ransom For Stolen Company Data
20.6.2023
The messy aftermath of Reddit’s controversial API price increase might get messier. The ransomware hacker group BlackCat, which claimed responsibility for snatching 80GB of company data in February, is now demanding the news aggregator and community platform fork over $4.5 million and rescind...
NFT Sales Rise by 11% This Week as Buyers Surge 95% in Latest Data; ETH Dominates With $85.43 Million in Sales
20.6.2023
In the most recent data, non-fungible token (NFT) sales for this week have experienced a rise of 11.60% compared to the previous week. Moreover, the number of individual buyers purchasing NFTs in the past seven days has jumped 95.20%, reaching a total of 664,096 buyers. This Week’s NFT Sales...
FTX Spent Over $120 Million on Advisory Fees in Just Three Months as Bankruptcy Proceedings Continue
20.6.2023
The bankrupt crypto exchange FTX is facing escalating legal and advisory costs, recent filings submitted by the exchange’s bankruptcy advisors have revealed.
Judging from information in the filings, FTX's advisors billed the exchange a staggering $121.8 million in fees and expenses for the period...
Bitcoin ‘Permabull’ Max Keiser: ‘El Salvador Will Be Debt Free by 2030 With Bitcoin’
20.6.2023
Max Keiser, international journalist and chairman of mining company Volcano Energy, has pondered on the importance bitcoin adoption will have for El Salvador in the future. According to Keiser, thanks to bitcoin, El Salvador will be debt free by 2030, as the bitcoin price comes close to one million...