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Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale

18.7.2023
Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings

Someone Bought A 16-Year-Old iPhone For Over $190,000

18.7.2023
Hey, quick question: If you had a spare $200,000 laying around in your bank account, what would you spend it on? You’d probably spend it on a house, or maybe a new car (several new cars?). What you probably wouldn’t do is drop that kind of cash on a 16-year-old iPhone. But that’s what happened over...

Major Setback: Smart Contract Exploit Results in Over 200 Ethscriptions Being Nabbed

17.7.2023
According to its creator, a new protocol allowing the creation and sharing of digital objects on Ethereum has experienced a significant setback due to a major hack in its main marketplace. Ethscriptions, a novel method to create Ethereum assets launched last month by Tom Lehman, co-founder...

Kick.com sets out loose rules, wins over Twitch’s streamers

17.7.2023
Kick and Twitch battle is far from getting over. If anything, it will only intensify in the days to come. Making this obvious is the recent development by Kick, wherein the platform has signed a multi-year agreement with xQc. Also, the rules are pretty loose at the moment, allowing creators to mint...

Nifty News: Metaverse bank robberies, Trump NFT biz prefers crypto over cash, and more

17.7.2023
The Bank of America’s metaverse trains staff on resolving customer disputes or helps them relax by riding a virtual unicorn

Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork

16.7.2023
Drawing upon recent data, the Ethereum network has incinerated close to 3.46 million ether, translating to a staggering $6.68 billion in value burned since the London hard fork’s implementation on August 5, 2023. Taking into account the 710-day period that followed, the Ethereum network...

Weekly NFT Sales Fall 4.33%, Bitcoin Burials NFT Fetches $1.68 Million

16.7.2023
In the world of non-fungible tokens (NFTs), the sales figures have undergone a minor setback this past week, dipping 4.33% from the previous week, pulling in a total of $148.55 million. With Ethereum standing as an exception, four of the top five blockchains known for NFT sales have witnessed...

Binance Reportedly Lays Off Over 1,000 Employees, CZ Says Exchange Is Hiring

15.7.2023
Leading crypto exchange Binance has cut hundreds of jobs after a string of executive exits, according to a media report. The news, which comes as the coin trading platform marks its sixth anniversary amid increased pressure from regulators, was termed as FUD by founder Changpeng Zhao who said...

Biggest Movers: SHIB up 7% on Saturday, as DOGE Moves to 2-Month Peak

15.7.2023
Shiba inu was one of Saturday’s biggest movers, as the meme coin rose by as much as 7% to start the weekend. The global crypto market cap was mostly lower, falling by over 2% as traders began to secure recent gains. Despite this, dogecoin also rose, hitting a two-month high in today’s session....

Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months

15.7.2023
Over the course of the previous 63 days, there’s been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly 1,507,285 ETH across 23 different platforms. Data reveals that Lido Finance dominates...

Kim Dotcom-Backed Crypto Startup Bitcache Liquidated in New Zealand

15.7.2023
Bitcache, a crypto startup backed by Kim Dotcom, has been liquidated, reportedly over unpaid legal fees. Phil Creagh, an Auckland lawyer who acted as Bitcache’s director until Sept. 2020, is reported to have applied for the startup’s liquidation on May 24. Bitcache’s Unpaid Legal Fees A...

Bank of America Faces Scrutiny After Coinbase User Alleges the Bank Closed His Account Over Bitcoin Transactions

15.7.2023
Bank of America has come under scrutiny after a Coinbase user claimed that the bank closed his account over Bitcoin transactions. Coinbase CEO Brian Armstrong quickly addressed the issue, asking other users if they have encountered the same problem with Bank of America. Coinbase’s CEO Raises...

US Representative Ritchie Torres Calls for Investigation of SEC Over Prometheum’s License

14.7.2023
U.S. Rep. Ritchie Torres has called for an investigation into the special purpose broker-dealer (SPBD) license given by the U.S. Securities and Exchange Commission (SEC) to Prometheum, a cryptocurrency exchange platform. In two letters sent to U.S. Comptroller General Gene Dodaro and SEC Inspector...

Crypto lender Geist Finance shuts down permanently over Multichain hack

14.7.2023
The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit

Multichain stops operations over lack of funds

14.7.2023
The Multichain team said that the team’s funds and access to servers are currently with their CEO Zhaojun who is under Chinese police custody

Congressman Torres Calls for Investigation Into SEC Over its Approach to Crypto

14.7.2023
Congressman Ritchie Torres has asked for two separate independent investigations of the U.S. Securities Exchange Commission (SEC) for its "haphazard and heavy-handed approach to digital assets."

Spot Volumes Rise on Centralized Exchanges but Traffic Falls Further, Report

14.7.2023
Spot and futures trading volumes on centralized crypto exchanges (CEXs) have increased in June, a new report shows. At the same time, website traffic to major trading platforms for digital assets continued to decline, according to the study which also tracks its geographical distribution. Spot...