Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

Investors withdraw over $750M in Ethereum from exchanges

October 30, 2024 1 min read

Ethereum has recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from major exchanges in just a week. This trend suggests that many investors are opting for long-term holding rather than selling their assets. CoinMarketCap reports that Ethereum’s daily trading volume has surged by more than 80%, indicating a heightened interest in the market. According to data from CryptoQuant, Ethereum’s reserves on exchanges have significantly decreased,

Coinbase launches “Based Agent,” a tool that lets developers create AI agents

October 28, 2024 1 min read

Coinbase, a leading player in the cryptocurrency exchange arena, has introduced an innovative AI tool named “Based Agent,” aimed at simplifying the process for developers to create AI agents. This launch comes in response to the increasing demand for AI functionalities in the crypto space. On October 26, Lincoln Murr, a developer at Coinbase, showcased the “Based Agent,” which allows users to set up AI agents in less than three

Tether unveils Satoshi Nakamoto statue in the city of Lugano

October 27, 2024 1 min read

Tether and the City of Lugano recently celebrated the unveiling of a life-sized statue dedicated to Satoshi Nakamoto, the enigmatic creator of Bitcoin. This event took place during the third annual Plan ₿ forum on October 25, a collaborative initiative aimed at fostering the adoption of Bitcoin and blockchain technology in Lugano. The statue, located at Villa Ciani, is designed to reflect the mystery surrounding Satoshi and the innovative spirit

ZachXBT claims Chinese trader launders millions in stolen funds for North Korea’s Lazarus

October 24, 2024 1 min read

Crypto investigator ZachXBT has raised serious allegations against Yicong Wang, a Chinese over-the-counter (OTC) trader, claiming he has been laundering millions of dollars in cryptocurrency for North Korea’s notorious Lazarus Group since 2022. This hacking group is infamous for its involvement in significant crypto thefts, including a reported $35 million laundered through Cambodia in July and an accusation from the U.S. in October of stealing $879 million. ZachXBT’s investigation suggests

US regulators just shut down a bank in Oklahoma

October 21, 2024 1 min read

In a significant move, financial regulators have closed the First National Bank of Lindsay in Oklahoma, marking the second bank failure in the U.S. this year. The Office of the Comptroller of the Currency (OCC) took this action after uncovering misleading bank records and signs of fraud that had severely impacted the bank’s financial stability. The OCC determined that the bank was not in a sound condition to operate, revealing

The NYSE and the CBOE to list options contracts for BTC-based ETFs

October 21, 2024 1 min read

The U.S. Securities and Exchange Commission (SEC) has given the green light for Bitcoin options exchange-traded funds (ETFs) to be listed on two prominent U.S. exchanges: the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE). This decision follows the SEC’s recent approval of a rule change from Nasdaq, allowing options on the iShares Bitcoin Trust (IBIT), which has shown promising outcomes. The SEC highlighted that these

Bitfinex hackers sentence have come up for discussion

October 16, 2024 1 min read

In a notable development, the U.S. government has proposed prison sentences for Ilya Lichtenstein and his wife, Heather Morgan, in connection with the infamous Bitfinex hack of 2016. This security breach, which resulted in a staggering loss of $6 billion, continues to be a hot topic in the crypto world. In a recent court filing, prosecutors are seeking a five-year sentence for Lichtenstein while recommending 18 months for Morgan, who

Ethereum co-founder Vitalik Buterin sells over $2 million in meme coins

October 14, 2024 1 min read

Vitalik Buterin, the co-founder of Ethereum, has recently sold over $2 million in meme coins, continuing his trend of using the proceeds for charitable donations. In just 24 hours, he made significant sales, totaling 908.77 ETH, which is around $2.24 million. This includes selling 10 billion Moodeng tokens and 200,000 MSTR2100 tokens, among others. Buterin’s commitment to philanthropy is evident, as he has already donated a substantial portion of his

Scroll faces criticism over its Binance token distribution

October 14, 2024 1 min read

Scroll, an Ethereum Layer-2 network, recently found itself in hot water after it distributed its SCR governance tokens via Binance Launchpool. This move sparked frustration among users who felt that Scroll was prioritizing a centralized exchange over its own community. In response to the backlash, co-founder Ye Zhang explained that the decision was part of a larger growth strategy. He acknowledged the criticism but emphasized that the partnership with Binance

The SEC accuses Cumberland of operating as an unregistered securities dealer

October 11, 2024 1 min read

The SEC has taken legal action against Cumberland DRW, alleging that the firm has been operating as an unregistered securities dealer in the crypto space since 2018. Cumberland has vehemently denied these accusations, labeling the SEC’s tactics as “enforcement-first” and likening the situation to a legal “Catch-22.” At the heart of the matter is a pivotal regulatory debate over whether crypto transactions should be classified under securities law, a ruling

The FBI charges three crypto firms and 15 people in a major market manipulation sting

October 11, 2024 1 min read

In a groundbreaking move, the FBI has charged three cryptocurrency firms—Gotbit, ZM Quant, and CLS Global—along with 15 individuals for market manipulation, marking a significant step in the fight against fraudulent trading in the digital asset arena. This case is particularly notable as it involves the FBI creating a fake cryptocurrency token to ensnare the accused firms in their deceptive practices. The investigation revealed that these companies engaged in sham

CV Pad Set to Launch the First of Many DePIN Projects

October 10, 2024 3 mins read

The decentralized physical infrastructure network (DePIN) sector stands at the intersection of blockchain and physical infrastructure. It is rapidly gaining momentum, setting the stage for a paradigm shift in how physical assets and services are managed. DePIN is expected to impact industries by decentralizing authority and distributing decision-making across a network of contributors. This shift could reduce system vulnerabilities and redistribute both risk and responsibility.  CV Pad, the multichain Launchpad+,