Author: Teererai Mukonavanhu

Article written by Teererai Mukonavanhu

Vitalik Buterin donates 50 ETH to support the legal defense of a Tornado Cash developer

January 3, 2025 1 min read

Vitalik Buterin, co-founder of Ethereum, has made headlines by donating 50 ETH, valued at approximately $170,000, to support the legal defense of Roman Storm, a developer associated with Tornado Cash. This donation, confirmed by Storm on December 31, underscores Buterin’s commitment to privacy and open-source development in the cryptocurrency sector. Storm expressed deep gratitude for Buterin’s support, highlighting the inspiration it provides during his legal challenges. Storm is currently facing

USDT stablecoin issuer Tether buys 7,629 BTC worth $705 million

December 31, 2024 1 min read

Tether, the issuer of the USDT stablecoin, has significantly increased its Bitcoin holdings by acquiring 7,629 BTC, valued at approximately $705 million. This acquisition raises Tether’s total Bitcoin holdings to 82,983 BTC, worth around $7.68 billion, making it the sixth-largest Bitcoin holder globally. This move aligns with Tether’s strategy to allocate 15% of its profits towards Bitcoin purchases, a plan initiated in May 2023, as part of their broader effort

Hackers target crypto professionals on LinkedIn with fake job offers

December 31, 2024 1 min read

Hackers are targeting crypto professionals on LinkedIn by pretending to be recruiters from well-known companies and using malware to steal victims’ cryptocurrency wallets. Cybercriminals use real tools like video interview platforms and offer fake job opportunities to trick potential victims. LinkedIn has removed over 80 million fake profiles in six months, but it still has a hard time dealing with these clever scams. Security expert Taylor Monahan pointed out how

Solana co-founder is sued by ex-wife for stealing millions in staking rewards

December 29, 2024 1 min read

Stephen Akridge, co-founder of Solana, is in a legal dispute with his ex-wife, Elisa Rossi. She claims he took millions in staking rewards from her cryptocurrency wallet. Rossi says that Akridge used his blockchain skills to secretly get into her accounts and take rewards from their shared Solana investments without her permission. The couple, married for ten years, filed for divorce in February 2023. As part of their settlement, Rossi

A father raises $14 million through meme coin campaign

December 27, 2024 1 min read

Siqi Chen’s journey shows how meme coins can create positive social change. After his four-year-old daughter, Mira, was diagnosed with a rare brain tumor called craniopharyngioma in September 2024, Siqi went through a tough time. While his daughter had surgery and started to recover, Siqi decided to focus on something bigger—raising money for children’s brain tumor research instead of looking for help for his family. A user named Waddles made

Mo Shaikh steps down as CEO of Aptos Labs

December 23, 2024 1 min read

Mo Shaikh, co-founder and outgoing CEO of Aptos Labs, has stepped down, marking an important change for the blockchain company he started three years ago with Avery Ching. Shaikh, active in the blockchain sector since 2016, shared his pride in Aptos’ achievements in a sincere message on X. Aptos has grown into a strong ecosystem with more than a thousand builders and innovators from around the world under his leadership.

Scammers impersonate Ledger in a phishing scam

December 19, 2024 1 min read

Ledger users are dealing with a clever phishing scam that takes advantage of the busy holiday season online. Scammers are pretending to be official Ledger messages to steal users’ recovery phrases, which are important for accessing crypto wallets. A phishing campaign, noted by Bleeping Computer, starts with emails called “Security Alert: Data Breach May Expose Your Recovery Phrase.” These messages wrongly say that a data breach has put users’ recovery

Mt. Gox moves over $172 million in BTC to new wallet addresses

December 17, 2024 1 min read

Mt. Gox, the bankrupt crypto exchange, has recently been in the news for moving about 1,620 Bitcoin to new, unknown addresses, worth over $172.5 million. This transfer happened when Bitcoin’s price was about $107,380, after reaching a high of $107,822, but it didn’t cause a big market reaction like earlier transactions by the exchange. Bitcoin whales that were inactive have started to get back into the market, according to Arkham

Bitget plans a Lithuanian hub to meet EU crypto rules under MiCA

December 15, 2024 1 min read

Bitget is considering Lithuania as the potential location for a new European regional hub to align with the EU’s Markets in Crypto Assets (MiCA) regulations. This initiative reflects the exchange’s broader strategy to strengthen its European presence and adhere to evolving regulatory frameworks. The company is pursuing regulatory approval in 15 countries, adding to its existing licenses in multiple EU nations. Bitget recently entered the UK market and is also

First Abu Dhabi Bank joins with Libre Capital for blockchain-based lending with tokenized RWA as collateral

December 11, 2024 1 min read

First Abu Dhabi Bank (FAB), the biggest bank in the UAE, has partnered with tokenization expert Libre Capital to change collateralized lending by using real-world assets (RWA) in a digital way. This partnership seeks to improve lending by letting approved lenders use tokenized traditional investment assets as collateral for loans backed by stablecoins. The tokens are digital products from well-known financial institutions like Brevan Howard, Hamilton Lane, and BlackRock, combining

Amazon shareholders propose shifting cash reserves to Bitcoin

December 10, 2024 1 min read

Amazon shareholders are advocating for the company to invest a portion of its substantial $88 billion cash reserves in Bitcoin, viewing it as a potential hedge against inflation. This initiative, led by the National Center for Public Policy Research (NCPPR), emphasizes Bitcoin’s historical performance compared to traditional assets like bonds, despite its inherent volatility. The NCPPR argues that the Consumer Price Index (CPI) underrepresents actual inflation, which they estimate to

Arthur Hayes calls for a return to decentralized ICOs

December 4, 2024 1 min read

Arthur Hayes, co-founder of BitMEX, is advocating for a revival of initial coin offerings (ICOs) with a focus on decentralization and retail participation. In his essay, “How to Make ICOs Great Again,” Hayes critiques the growing influence of venture capital (VC) firms and centralized exchanges (CEXs) in the crypto ecosystem, arguing that these entities have sidelined retail investors in favor of institutional interests. Hayes asserts that the crypto movement has strayed from