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FTX Legal Fees Amount to $1.3 Million Per Day, Creditors Concerned


Source: Adobe Bankrupt digital asset exchange, FTX has paid hundreds of millions in legal fees in a few months sparking reactions as creditors seek to recover their losses. Court filings show that over $118 million were billed on the exchange between August and October for professional legal fees...

Connect Kit Exploit Sparks Criticism of Ledger’s Security Framework


On Dec. 14, 2023, Ledger’s Connect Kit, a Javascript library for wallet connectivity, suffered a significant exploit. This incident, which was contained within two hours, has brought forth a number of criticisms of Ledger’s security practices. Ledger Exploit Elicits Mixed Reactions From...

Bitcoin Water Footprint Adds Pressure to Mining Regulations: Report


Source: Pixabay / Michael Wuensch Popular Bitcoin (BTC) critic Alex De Vries says the asset uses about 16,000 liters of water which can fill a pool for each transaction on the network, a claim that has sparked diverse reactions.  In a study released on Nov 29, De Vries opined that Bitcoin has...

Antpool to Refund 83 BTC Erroneously Paid as Gas Fee to User


Source: Pixabay / Michael Wuensch Antpool has announced steps to give back 83 Bitcoin (BTC) paid in error as a transaction fee to the user days after the incident.  Blockchain security firm, PeckShield posted an update from Antpool on X (formerly Twitter) on the 83 BTC gas fee which sparked diverse...

Bitcoiner Pays $3.1 Million Transaction Fee; Analysts Debate Possible Factors


Source: Pixabay / Michael Wuensch A Bitcoin (BTC) user has reportedly paid $3.1 million in transaction fees to transfer 139.42 BTC sparking vast community reactions and opinions by on-chain analysts. On-chain data on Nov 23 shows a Bitcoiner paid a shocking transfer fee of 83 BTC approximately $3.1...

There's Finally A New Silent Hill Game And Fans Already Hate It


Konami’s Silent Hill franchise has been dormant for over 10 years. The last mainline game, 2012’s Silent Hill: Downpour, received mixed reviews, with most players put off by its messy combat and scares. It was up to Silent Hill: Ascension, the first new installment in a decade to help nudge...

Russian CBDC Pilot Launch News Draws Mixed Reactions from Biz Community


The Russian business community and financial experts have spoken about the potential pitfalls – and possible advantages – of a digital ruble as Moscow prepares for the August launch of a CBDC pilot. Izvestia quoted Sergey Katyrin, the President of the Russian Chamber of Commerce and Industry,...

Reactions of the Web3 community on OpenSea’s Deals feature


OpenSea recently spilled some beans stating it was soon coming up with an exciting offering. The community automatically speculated that the offering would be an airdrop or a token. Instead, it turned out to be a new feature on the platform. The feature is titled Deal and has accumulated tons...

Final Fantasy XVI Has Fans Wondering What The RPG Series Is (And Should Be)


The first Final Fantasy came out in 1987. Ever since, each new game in the beloved role-playing series has pushed it to grow, change, and often subvert fans’ expectations of what it can be. Final Fantasy XVI might be the biggest test yet, in some ways harkening back to the medieval world-building...

Voyager Digital Provides Update on Reimbursement Plan for Creditors


Following Binance’s withdrawal from the Voyager Digital deal on April 25, the now-defunct crypto lender has recently informed creditors that they can expect to receive their initial cash and crypto distributions “within the next few weeks.” This update comes nine days after...

Mining Ban Sparks Negative Reactions From Iran’s Crypto Community


The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company ordered miners to suspend activities citing electricity shortages during the hot summer months. Restrictions on Crypto...

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