Author: Judith Faith

Article written by Judith Faith

Crypto lender Genesis Global Capital sues its ex-partner Gemini Trust for $689 million

November 22, 2023 1 min read

Genesis Global Capital, a crypto lender, has filed a $689 million lawsuit against its former partner, Gemini Trust, in the latest legal battle within the crypto industry. The lawsuit claims that Gemini withdrew funds unfairly, causing harm to other creditors, and Genesis is asking the court to intervene. The origins of this conflict can be traced back to the demise of FTX, which resulted in Genesis, a subsidiary of Digital

Arbitrum (ARB) price has retraced toward $1: Will ARB dump?

November 21, 2023 1 min read

After an unsuccessful attempt to break above $1.25, the price of the Arbitrum (ARB) token has retraced to around $1. The actions of well-known crypto whales are primarily to blame for the recent price struggles of ARB, as on-chain analysis illuminates the dynamics of the market. ARB has had difficulties over the last week, and the fact that major crypto whales were involved in a selling frenzy has increased the

The XRP Ledger completes its 84 millionth ledger transaction

November 21, 2023 1 min read

The XRP Ledger, the foundational blockchain for the XRP crypto, has reached an important milestone by completing its 84 millionth ledger transaction. XRPScan analytics show that the current ledger count exceeds 84 million, a significant achievement just six weeks after the ledger completed its 83 millionth transaction in early October. This rate corresponds to about 1 million new ledgers per month. This continued growth underscores the XRP Ledger’s rapid adoption

Disney Worries About AI-Driven Trademark Infringement

November 19, 2023 2 mins read

The Walt Disney Company, a global entertainment powerhouse, is facing an unexpected threat in the field of AI-generated art. A social media craze that uses Microsoft’s Bing AI imaging tool to create photographs of dogs in a “Pixar” style has piqued Disney’s interest. While the problem is not about the art itself, Disney is concerned about the unintended production of a trademark-infringing Disney-Pixar logo as a result of this AI

German Lawmaker Advocates for Bitcoin Legal Tender Status in The Country

November 17, 2023 1 min read

German lawmaker Joana Cotar is leading the charge to legalize Bitcoin in Germany. She’s highlighting its special benefits and trying to make it stand out from other crypto. As part of her initiative, Cotar is undertaking a legal evaluation with the goal of creating a comprehensive framework that formally acknowledges Bitcoin as a legitimate form of money. Ensuring legal security takes precedence over potential risks like tax fraud and money

Solana’s Jupiter DEX Plans Token Airdrop as a ‘Big Thank You’

November 17, 2023 1 min read

Based on the Solana platform, Jupiter decentralized exchange (DEX) is giving back to its early adopters with an abundance of token airdrops. Billions of Jupiter tokens will be distributed by the decentralized exchange, forty percent of which will be distributed to users in four phases. Next week will mark the start of the airdrop’s first phase, which will involve the distribution of one billion Jupiter tokens. Users must have exchanged

FTX exchange sends 75 million TRX tokens to Binance

November 16, 2023 1 min read

Lookonchain’s recent post highlighted that FTX has sent 75 million TRX tokens to Binance in the past few hours, adding to a total of 161 million TRX sent over the past three days. These substantial transfers raise concerns about a potential mass selloff of TRX, indicating FTX’s efforts to liquidate its cryptocurrency holdings to meet obligations to creditors. As of now, this anticipated TRX selloff has not commenced. According to

Bitcoin Whales Sells Off $2.2 Billion in BTC as Price Holds at $37K

November 15, 2023 1 min read

Big players in the Bitcoin market (Whales) have been selling off their Bitcoin holdings, amounting to a substantial $2.2 billion in the past week. These significant investors, with wallets holding between 100 and 10,000 BTC, play a pivotal role in shaping the market due to the sheer volume of Bitcoin under their control. A closer look at the chart tracking these major Bitcoin holders reveals a marked decrease in their

$27 Million Hacked From Crypto Wallet Connected to Binance

November 13, 2023 1 min read

A wallet associated with Binance fell victim to a $27 million cryptocurrency theft. The stolen funds mainly consisted of Tether (USDT) coins, and the incident was first uncovered by cryptocurrency investigator ZachXBT. ZachXBT’s research revealed that the stolen cryptocurrency underwent a series of conversions, including Ethereum (ETH), before ultimately being converted into Bitcoin to obscure the thief’s tracks. The wallet containing the stolen funds had just completed a withdrawal from

Ethereum’s Vitalik Buterin Transfers 50 ETH As it Hit $2,000

November 10, 2023 1 min read

Ethereum, one of the leading cryptos, recently broke the $2,000 price barrier. A notable event coincided with this milestone as Ethereum’s co-founder, Vitalik Buterin, moved 50 ETH to Coinbase custody. While Buterin’s transfer has caught the attention of the crypto community, it’s important to note that using Coinbase Custody doesn’t necessarily indicate a plan to sell. Coinbase Custody is a platform designed for the safe storage of large amounts of

Bitcoin (BTC) surges above $35,000

November 8, 2023 1 min read

Bitcoin (BTC) reached an impressive 18-month high, injecting a fresh wave of optimism into the cryptocurrency community. This surge in Bitcoin’s price has led many to believe that it could potentially reach even greater heights in the coming year. Despite this recent price surge, Bitcoin is currently experiencing some volatility, with its price swinging between $34,546 and $35,892. Over the past 24 hours, it has seen a modest 1% increase,

SK Telecom Collaborates with Aptos and Atomrigs Lab for Crypto Wallet Project

November 7, 2023 1 min read

South Korea’s leading mobile carrier, SK Telecom, is teaming up with Aptos and Atomrigs Lab to enhance and expand its web3 wallet service, known as T wallet. In an announcement shared on LinkedIn, SK Telecom revealed its aim to strengthen its connections with customer-preferred mainnets and decentralized applications, with a primary focus on the development and enhancement of the T wallet. One notable aspect of this partnership is the collaboration