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Landmark Decision: U.S. Supreme Court Tackles Coinbase User Agreement Case
6.11.2023
A pivotal legal case concerning how crypto platforms settle disputes with their users is now headed to the United States Supreme Court. As reported by Bloomberg, SCOTUS has agreed to hear Coinbase’s appeal related to a case involving the crypto exchange’s $1.2 million Dogecoin (DOGE)...
Uniswap V3 User’s Costly Liquidity Pool Error: $700,000 Lost to MEV Bot
6.11.2023
A trader using the decentralized exchange (DEX) Uniswap V3 lost over $700,000 after he entered wrong values while creating a new liquidity pool. According to an X post from on-chain analytics firm Arkham, the user added a total of $1.5 million of liquidity in the WBTC-CRV pool he created on Uniswap...
Nike-RTFKT NFT Collections Generate $1.4 Billion in Trading Volume
6.11.2023
Non-fungible token (NFT) collections by sportswear giant Nike and virtual sneakers and collectibles creator RTFKT have seen $170 million in earnings and a whopping $1.4 billion in trading volume. There are two notable factors to keep in mind. One, Nike and RTFKT have joined hands less than...
Amino Rewards locks assets worth $34 million in FlokiFi Locker
6.11.2023
Amino Rewards has locked $34 million worth of assets in FlokiFi Locker. This can be categorized into treasury tokens, ecosystem rewards, marketing tokens, and liquidity pools. Allocation in every segment is 20% of supply, 20% of supply, 5% of supply, and $900k, respectively. This extends...
FTX seeks sale of Grayscale and Bitwise trust assets worth $744 million
6.11.2023
The $744 million trust asset sale request comes after the judge approved the phased-out sale of nearly $3.4 billion in crypto assets a couple of months ago
FTX Seeks Bankruptcy Court Approval to Sell $744 Million Worth of Trust Assets, Including Grayscale and Bitwise Funds
6.11.2023
Bankrupt cryptocurrency exchange FTX and its debtors have sought approval from the bankruptcy court of Delaware to sell select trust assets, including funds from Grayscale and Bitwise, with an estimated value of $744 million. The proposed sale would be facilitated through an investment...
Moonstone Research Study Etches Doubts on Monero’s Privacy; Crypto Community Reacts
6.11.2023
On September 1, 2023, hackers made off with 2,675.73 monero (XMR), worth over $3 million at the time, from the Monero CCS donation wallet in nine separate transactions. Now, blockchain analysis firm Moonstone Research has traced forward through three of those transactions in a postmortem released...
NFT Markets Rebound With 18% Rise to $106M; Bitcoin NFTs Take Second Place Under Ether’s Lead
5.11.2023
Between October 29 and November 5, 2023, sales of non-fungible tokens (NFTs) rose by 18.30% compared to the week before, reaching a high of $106.32 million. This week’s NFT statistics reveal an uptick in activity, with the number of buyers and sellers climbing by 17.77% and 15.82%...
Fake Ledger Live app sneaks into Microsoft's App store, $588K stolen
5.11.2023
The $588,000 was stolen across 38 transactions, with the largest transfer totaling $81,200
NFTs on the Rise Again: October Saw 32% Growth in Trading Volume – Trend to Continue This Month?
4.11.2023
The market for non-fungible tokens (NFTs) is experiencing a resurgence, with October witnessing a substantial 32% growth in trading volume compared to the previous month. According to data released by crypto data firm DappRadar, NFT trading volume surged by $99 million, reaching $405 million...
Bitcoin Mining Revenue Soared in October, Securing Second-Highest Monthly Earnings of 2023
4.11.2023
In October, the landscape of bitcoin mining revenue brightened, climbing by $131.45 million over September’s figures. Last month’s surge in BTC prices significantly bolstered revenues, although there was a slight dip in the earnings from fees, which saw a $5.44 million decrease from...
Darknet Drug Operations Hit as Feds Move to Seize $54 Million in Crypto Crime Bust
3.11.2023
The U.S. Department of Justice announced on Thursday the seizure of 30,000 Ether (ETH), valued at over $54 million, that had allegedly been used for illegal narcotics distribution in New Jersey. The assets were traced back to Christopher Castelluzzo, who was involved in narcotics operations...
Stablecoin Market Rises by Over $600M in October Despite Mixed Supply Dynamics
3.11.2023
The stablecoin economy experienced growth in October after several consecutive monthly declines. In the last month, a total of $608 million was added to the fiat-pegged token market. Despite the increase, six stablecoins out of the top ten saw supply reductions during the month. Fiat-Pegged Token...
Coinbase Turns the Tide: Q3 Earnings Show Net Profit Amid Crypto Market Slump
3.11.2023
In the third quarter, Coinbase outperformed expectations despite the extended crypto market slump by recording favorable net income and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). In their most recent shareholder letter, the publicly-traded cryptocurrency...
Is Pepe Going to Zero? PEPE Price Crashes 18% as Strange New Meme Coin Surpasses $1 Million Funding Milestone
3.11.2023
Pepecoin (PEPE) is undertaking a retracement move, as PEPE price crashed down -18%, yet, with the leading meme coin in turmoil, a strange new meme coin is skyrocketing in presale. As one of the biggest breakout movers of 2023, Pepecoin saw its public launch in April 2023 and became one of the most...
Northern Data Secures $600 Million Loan From Tether Amidst AI Hardware Investment Spree
3.11.2023
Northern Data Group has confirmed a €575 million ($610M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm detailed that the funding is poised to advance Northern...
As PEPE2 Meme Coin Climbs Up 3500%, This Other Crypto Has Clinched $3.2 Million – Next 100x Crypto?
3.11.2023
In a catapult move dazzling meme coin markets, PEPE2 has accelerated up +3,500% in a Pepecoin alternative play – but could this other crypto be next? Built on the idea of giving new retail investors the opportunity to get in on a second PEPE run, PEPE2 (a Brother’s marketing related...
Coinbase Exceeds Analyst Expectations with Q3 Revenue of $674.1 Million
3.11.2023
Coinbase reported a narrower net loss of $2 million in the third quarter and a total transaction volume of $76 billion, despite a year-on-year increase in revenue, even in the face of lower trading volumes. According to a Nov. 2 earnings statement, the company’s total revenue increased...
U.S. Authorities Seize $54 Million Worth of Crypto from a Drug Ring Leader
3.11.2023
The U.S. Attorney’s Office is aiming to recover $54 million of crypto in Ethereum from Christopher Castelluzzo, a convicted drug distributor. On Nov. 2, U.S. Attorney Philip R. Sellinger filed a civil forfeiture action. The goal is to reclaim the seized cryptocurrency. This crypto is linked...
Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders
3.11.2023
The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to dissolve, distributing most of its assets to tokenholders in the process. On November 2, the Aragon Association (AA) announced in a blog post that it would be dissolving...