Author: Ujunwa Juliet Ihiasota

Article written by Ujunwa Juliet Ihiasota

$1 billion frozen from 3AC founders by the court

December 21, 2023 1 min read

A British Virgin Islands court has frozen over $1 billion in assets belonging to the founders of Three Arrows Capital (3AC), a prominent crypto hedge fund. Teneo, the company in charge of overseeing 3AC’s closure, has confirmed this move. According to Teneo, the founders, Su Zhu, Kyle Davies, and Davies’ wife, Kelly Chen, are now unable to access or transfer their substantial assets. This action comes amid 3AC’s financial difficulties,

Binance and Zhao Hit with $2.7 Billion Fine in CFTC Money Laundering Case

December 19, 2023 1 min read

In a CFTC money laundering case, Binance and its former CEO, ChangPeng Zhao, were fined $2.7 billion. The court’s decision also introduces a new CEO, Richard Teng, and raises the prospect of Zhao facing prison time. The settlement between the CFTC and Binance was approved by the United States District Court for the Northern District of Illinois. Binance was ordered to pay $2.7 billion in fines, with Zhao personally liable

Insomniac Games Faces Cyberattack: Ransom Demands Over $2 Million in Bitcoin

December 13, 2023 1 min read

Insomniac Games, the renowned studio behind titles like Spider-Man 2 and the Ratchet & Clank series, has reportedly fallen victim to a cyberattack orchestrated by the Rhysida hacker group, demanding a ransom of 50 Bitcoin, equivalent to over $2 million, CyberDaily revealed. Sony, the parent company of Insomniac Games, is actively investigating the security breach. According to reports, the hackers, part of the Rhysida group, claim to have accessed sensitive

The crypto market gains over $40 million in a week, with Bitcoin leading

December 12, 2023 1 min read

The past week saw the continuation of positive investment trends in the ever-changing landscape of digital assets, with a total inflow of $43 million. This sustained 11-week trend, while demonstrating resilience, represents a slight decrease from previous weeks. Notably, the market saw a shift toward short positions, indicating investor apprehension in the face of rising prices and potential market uncertainties. Bitcoin continues to be a dominant force, attracting $20 million

Terraform Labs Co-Founder Faces Extradition to the US

December 8, 2023 1 min read

Do Kwon, Terraform Labs’ co-founder, is reportedly on the verge of being extradited to the United States to face criminal charges rather than South Korea. According to sources close to the situation, the extradition request made by US authorities is expected to be approved by Montenegro’s Justice Minister Andrej Milovi. Kwon, sentenced to four months in Montenegro for using false travel documents, is implicated in Terraform Labs’ demise, prompting charges

AntPool to Return $3 Million Bitcoin Transaction Fee

November 30, 2023 1 min read

Bitcoin mining cooperative AntPool has decided to refund last week’s record-breaking $3 million transaction fee, subject to user verification. A user unintentionally paid an exorbitant fee, setting a new USD record for a single Bitcoin transaction. On November 23rd, a user submitted 83 BTC as a gas fee, prompting AntPool’s risk control system to freeze the fee during transaction packaging temporarily. To receive the refund, the original owner of the

The US SEC classifies Polygon (MATIC) as security Security

November 25, 2023 1 min read

The US Securities and Exchange Commission (SEC) has classified Polygon (MATIC) as a security, casting a pall over the popular crypto. The SEC’s announcement came as part of a lawsuit against Kraken, accusing the exchange of violating securities laws by operating an unregistered securities exchange, broker, and clearing agency. Polygon, formerly known as MATIC, has been reclassified as a security by regulatory authorities. This echoes similar legal battles faced by

Blur Token (BLUR) surges by over 30% following Binance listing

November 25, 2023 1 min read

Blur, the native token of the NFT platform Blur, experienced a remarkable 30% surge in value, attributed to its recent Binance listing and a successful airdrop campaign. Binance’s convert feature, designed for retail users, played a crucial role in Blur’s recent success. This feature allows users to conduct asset transactions without relying on an order book. Following its listing on Binance, Blur’s price doubled, reaching an impressive $0.64 in just

Will Render Token (RNDR) RNDR Price Hit $5 Soon?

November 20, 2023 2 mins read

A growing number of crypto enthusiasts and investors are focusing on alternative digital currencies as a way to expand their portfolios beyond Bitcoin (BTC) and Ethereum (ETH). Out of all of them, Render Token (RNDR) is a standout candidate because it provides a special utility for VFX rendering, motion graphics, and animation. Let’s take a closer look at RNDR, analyzing its present state of the market and projecting its price

ZTX Metaverse Joins Forces with ZGM for Exciting $ZTX-Powered Prediction Contest

November 18, 2023 1 min read

The ZTX Web3 metaverse project has teamed up with ZGM, a global metaverse influencer company, to launch the first-ever $ZTX-backed betting competition, which is an exciting step toward reaching its 2023 goals. Under the direction of Chief Futurist Alexx, the ZTX team said it is improving District Home owners’ virtual reality experiences and generating value for ZTX token holders. Starting on November 18 and running through November 22, in Manila,

Cathie Wood Says Grayscale Conversion Plans Could Delay ETFs Approval

November 15, 2023 1 min read

In a recent interview, Cathie Wood, the CEO of Ark Invest, expressed her views on the possibility of a spot Bitcoin ETF. Wood highlighted a notable shift in the SEC’s approach, indicating a more detailed and engaged review of ETF filings, which she sees as a positive sign of serious consideration. Wood cautiously expressed optimism, suggesting that the chances of approval for a Bitcoin ETF have increased. She pointed out

Tether prints 4 billion USDT, hitting 22.75 billion in 2023

November 14, 2023 1 min read

Tether has been on a coin-printing spree, making a whopping 4 billion USDT tokens in just one month, bringing its total for 2023 to 22.75 billion USDT. This surge in USDT production comes alongside hints of new projects on the horizon for 2024. Tether, the company behind the popular USDT stablecoin, recently minted 1 billion USDT on the Tron blockchain. Prior to that, they had already created 3 billion USDT