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Former Celsius CEO Alex Mashinsky Pleads Not Guilty, Bail Set At $40 Million
14.7.2023
A U.S. District Judge has set the bail for the former CEO of Celsius Alex Mashinsky at $40 million.
Mashinsky pleaded not guilty to the fraud charges that he artificially inflated the value of CEL token and misled the customers after he was arrested Thursday....
Read More: Former Celsius CEO Alex...
Sam Altman's Worldcoin passes 2M sign-ups after months of touring
14.7.2023
Worldcoin surpassed two million sign-ups to World ID in less than half the time it took to reach one million
Web3 Coin LPX Raises $1.14 Million After Helping Crypto Users Find the Next Pepe – How Does it Work?
13.7.2023
The Internet's third generation, Web3, often presents complexities that could overwhelm even the most experienced users. With multiple platforms and resources to sift through, managing Web3 activities can be quite challenging. ...
Read More: Web3 Coin LPX Raises $1.14 Million After Helping Crypto...
XRP Falls Short of $1, But This Coin Can Hit $5, Raises $14.5 Million
13.7.2023
Judge Analisa Torres issued a verdict on Thursday saying that US fintech company Ripple Labs did not break federal securities law via its sales of XRP on public exchanges, a huge victory for the firm that sent the price of XRP shooting higher.
XRP/USD was last trading at its highest levels since...
US Government Moves $300 Million Worth of Silk Road Bitcoin – What's Going On?
13.7.2023
The US government has moved its Silk Road Bitcoin (BTC) reserve, stirring up speculations about whether it plans a sale of the assets.
On Wednesday, the Department of Justice (DOJ) transferred $300 million worth of BTC to new addresses in a series of transactions, according to data from...
FTX Bankruptcy Case: Lawyers Seek $323.5 Million Recovery from FTX Europe Leadership
13.7.2023
FTX lawyers have filed a court motion seeking the recovery of $323.5 million from the leadership of FTX Europe, which includes Patrick Gruhn, Robin Matzke, Brandon Williams, and Lorem Ipsum UG.
According to court filings submitted on Wednesday, the lawyers allege that the FTX Europe leadership...
Get Protocol Secures $4.5 Million Funding to Disrupt Ticketing Industry with NFTs
13.7.2023
Non-fungible token (NFT) ticketing firm Get Protocol has secured $4.5 million in new funding to create an alternative to companies like Ticketmaster.
The funding was secured from investors despite a current fundraising environment described by CEO Maarten Bloemers as “absolute hell” following last...
XRP Price Prediction as $600 Million Trading Volume Keeps XRP Above $0.47 – Are Whales Accumulating?
13.7.2023
The XRP price has remained flat in the past 24 hours, with its current level of $0.47323 representing a small 1% dip in the last seven days.
This slight fall comes after a final ruling in LBRY's case with the SEC, with the presiding judge not issuing a ruling on whether secondary sales of...
Snoop Dogg and a16z Join $20 Million Funding Round for Web3 Music Platform Sound
13.7.2023
Web3 music platform Sound has raised $20 in Series A funding round led by Venture capitalist firm Andreessen Horowitz (a16z) and American rapper Snoop Dogg.
Actor Ashton Kutcher-led firm Sound Ventures and artist and producer Ryan Tedder also participated in the funding round.
Sound aims to help...
US Authorities Accuse Former Security Engineer of Siphoning $9 Million From Defi Platform
13.7.2023
Authorities in the United States recently revealed that law enforcement has arrested Shakeeb Ahmed for “wire fraud and money laundering in connection with his attack on a decentralized cryptocurrency exchange.” The U.S. Attorney for the Southern District of New York suggested that...
Court: FTX spent $400 million on the acquisition of its European branch
13.7.2023
The goal behind an overpriced buyout of the Swiss company was to get a proper European license
Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss
13.7.2023
Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in the failed cryptocurrency exchange FTX. Temasek...
Leveraged Yield Protocol Rodeo Finance Initially Loses $1.7 Million in ‘Force-Investment’ Hack
13.7.2023
Rodeo Finance, a leveraged yield protocol on Arbitrum, was on July 10 a victim of a “force-investment” hack in which almost $1.7 million was reportedly stolen. According to Rodeo Finance, about $810,000 has been recovered so far and there are plans to freeze the stolen funds. Protocol...
US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins
12.7.2023
On July 12, 2023, onchain data shows the U.S. government transferred 9,800 bitcoins (BTC), worth just over $300 million. These bitcoins originally came from James Zhong’s Silk Road hack. In March, the Department of Justice also moved a similar amount of bitcoins associated with Silk Road....
Is It Too Late to Buy Solana? SOL Price Pumps Up 18%, and AI Crypto Signals Platform yPredict Approaches $2.9 Million
12.7.2023
Solana's native token, $SOL, is signaling positive market sentiment and has increased above the $18 price level.
Based on data from CoinMarketCap, the digital asset has experienced a remarkable 18% increase over the past few days as it hovers at a $22 price mark.
This surge has generated...
Bitcoin Exodus: Over 855,000 BTC Withdrawn From Exchanges Since July 2020
12.7.2023
According to current data, about 2,086,034 bitcoins were held on exchanges as of July 11, 2023. This figure is 154,160 bitcoins less than the number held on centralized trading platforms 72 days earlier, on April 30. The number of bitcoins on exchanges has significantly dropped since July 31, 2020...
Eco-Friendly Crypto Ecoterra Raises $6 Million as Global Investors Flock to the New Recycle2Earn Platform – Less Than 48 Hours Left
11.7.2023
The eco-friendly crypto project has raised a whopping $6 million investment from early investors as it gears towards the last lap of its burgeoning presale.
Its $ECOTERRA token has piqued the interest of global investors looking to invest in the next biggest asset before it launches on public...
Why Threads Got 100 Million Users When Other Twitter Rivals Could Not
11.7.2023
Network effects and ease of use rule the day. And, a lot of people clearly don’t care about decentralization and privacy all that much, says CoinDesk’s Emily Parker
Child-Focused Egyptian Fintech Startup Secures $1.5 Million in Funding
11.7.2023
Egyptian fintech startup Masroofi recently raised $1.5 million through an investment round supported by unnamed investors. The capital raise came shortly after Masroofi’s co-founders reportedly rejected a funding offer from investors in the “Shark Tank” program. Investors Drawn...
Crypto Sleuth Claims YouTuber 'Blue' Used NFT Drainer Tech to Carry Out $1.5 Million Scam
11.7.2023
Crypto sleuth ZachXBT has alleged YouTuber known as Blue or Jack used NFT drainer tech Monkey and other similar services to steal $1.5 million.
ZachXBT’s investigation revealed that the YouTuber was involved in multiple crypto scams and stole millions of dollars.
Before turning to crypto scams...