Browsing:News

South Korea’s prosecutor in charge of the Terra-Luna crypto project investigation has called for founder Kwon Do-hyeong to be extradited
1 year ago 1 min read

Terra-Luna Fugitive Do Kwon Should Face Trial in South Korea, Says Prosecutor

South Korea’s prosecutor in charge of the Terra-Luna crypto project investigation has called for founder Kwon Do-hyeong to be extradited from Montenegro to face trial in Seoul, according to a May 5 report in the Wall Street Journal. Kwon is currently being detained in Montenegro, where he has been charged with traveling on a forged passport. Both South Korea and the US have requested his extradition to face charges related to the collapse of his $40bn crypto project. Terra’s USD stablecoin and Luna cryptocurrency collapsed in May 2022, with both US and South Korean prosecutors alleging the project was designed

Binance’s integration of Lightning Network withdrawals is expected to ease congestion
1 year ago 1 min read

Binance Implements Lightning Network to Speed up Bitcoin Transaction Processing

On May 7, 2023, Binance, the world’s largest crypto exchange, suspended Bitcoin transactions due to network congestion, which resulted in high transaction fees. The company resumed transactions a few hours later, but on May 8, it suspended Bitcoin withdrawals again, citing a large volume of pending transactions. Binance CEO Changpeng Zhao acknowledged that the exchange’s fee parameters did not anticipate the recent surge in BTC network gas fees. To help clear the backlog of Bitcoin transactions, Binance raised withdrawal fees and implemented Lightning Network withdrawals. Binance stated that it was replacing the pending BTC withdrawal transactions with a higher fee

Binance announced that it has resumed withdrawals of Bitcoin
1 year ago 1 min read

Binance Resumes Bitcoin Withdrawals After Temporarily Halting Service Twice Within 12 Hours

Binance exchange announced that it has resumed withdrawals of Bitcoin. The service was temporarily halted twice within a 12-hour period due to a “large volume of pending transactions.” According to Binance’s tweet earlier on Monday, the set fees did not anticipate the recent surge in Bitcoin network gas fees. The exchange has attempted to solve the issue by replacing the transactions with a higher fee so that they get picked up by mining pools. Binance further explained that “pending transactions are being processed by replacing them with higher transaction fees” after it resumed Bitcoin withdrawals. In order to prevent similar

Sensorium Unveils Sensorium Arc – A New Decentralized Platform for the Web3 Era
1 year ago 2 mins read

Sensorium Unveils Sensorium Arc – A New Decentralized Platform for the Web3 Era

Dubai, UAE, May 5th, 2023 Sensorium, the Swiss tech developer behind the Sensorium Galaxy metaverse, is today announcing the development of Sensorium Arc — a decentralized platform dedicated to hosting both company-owned and third-party Web3 products and assets. Under this novel Web3 ecosystem, the company will first release SENSO DAPP and UNDER in a move targeting added functionalities and monetization opportunities. Sensorium Arc will be powered by SENSO – the native currency of the Sensorium ecosystem. Moreover, Sensorium is looking to unlock new tokenomics opportunities for SENSO and add enhanced use cases to Sensorium’s future NFT assets, including avatars and land parcels, and participation

The Oracle’s Verse Launches as World’s First Collaborative Crypto Novel on OpenSea
1 year ago 3 mins read

The Oracle’s Verse Launches as World’s First Collaborative Crypto Novel on OpenSea

Lisbon, Portugal, May 3rd, 2023 Decentralized artist collective The Quest of Evolution, has launched a dynamic NFT collection that’s been dubbed the world’s first “crypto-novel”. Available on OpenSea, The Oracle’s Verse is a series of 6 unique 1/1 multimedia NFTs that allow owners to write their stories on-chain and pass the baton on to the next owner while earning passive income. The Oracle’s Verse follows the stories of six characters who travel through the minds of their owners, collecting unique memories induced by a multisensory art piece that evolves their stories by adding text. The narrative continues indefinitely, with each new

Voyager Digital Forced to Cease Operations Due to Failed FTX and Binance.US Acquisitions
1 year ago 2 mins read

Voyager Digital to Close its Doors After FTX and Binance.US Acquisitions Fail

Crypto lender Voyager Digital has announced its decision to self-liquidate its assets and close its operations after acquisition deals with FTX and Binance.US fell apart. Voyager customers will receive a recovery rate of 36% of their cryptocurrency holdings, much lower than the expected rate of 72-73% if the acquisition deals had gone through. The rate may increase if Alameda Research is unsuccessful in its bid to recover $446 million from Voyager’s estate. Voyager’s lawyers are withholding further funds, including $259.6 million for litigation costs, administrative claims, and other holdbacks. Voyager customers who have any of the 67 supported tokens on

Hugh Hendry Warns US Government May Freeze American Bank Withdrawals
1 year ago 1 min read

US Government May Freeze American Bank Withdrawals as Currency Crisis Looms, Says Hugh Hendry

Macro guru Hugh Hendry has issued a major warning about the US banking system and the American economy. In a recent interview with Bloomberg Markets, Hendry stated that panic and capital flight away from the US banking sector are entirely justified. He believes that a further decline in the M2 money supply, which partly tracks money in liquid checking accounts, could prompt the US government to intervene and prevent citizens from taking their capital out of the banking system. Hendry says the capital flight from US banks is not solely about fears of whether the FDIC will insure deposits above

Bitcoin whales withdrew nearly $240 million from exchanges
1 year ago 1 min read

Bitcoin Whales Move $240 Million Off Exchanges: What Does it Mean for the Market?

The cryptocurrency market experienced a significant movement of funds on Friday, as Bitcoin whales withdrew nearly $240 million from exchanges. This marks the sixth-largest Bitcoin withdrawal from exchanges this year, with large Bitcoin holders continuing to be the driving force behind these massive outflows. The timing of this significant movement of funds is notable, as the cryptocurrency market is currently experiencing extreme volatility, particularly within the meme coin sector. With these digital assets gaining popularity and attracting significant investments, they have the potential to impact the broader market, including well-established cryptocurrencies like Bitcoin. The recent outflows of Bitcoin from exchanges

China's Supreme Court Validates Crypto as a Form of Debt Payment
1 year ago 1 min read

China’s Highest Court Recognizes Crypto as Valid Means of Settling Debts

China’s evolving cryptocurrency sector has recently taken a new turn with the release of guidelines by the country’s Supreme Court. Despite the blanket ban on digital assets, settling a debt using a small number of cryptocurrencies is now considered legal if both parties agree, according to Wu Blockchain. The court clarified that if a small amount of virtual currency is used to compensate for debts arising from the mutual exchange, labor service, and other basic relations, the contract will be recognized as valid if there are no other invalid causes. While this development underscores China’s shifting stance on digital assets,

Pepe (PEPE) has hit a market cap of $1 billion after surging over 85%
1 year ago 1 min read

PEPE Coin’s Market Cap Hits $1 Billion Following Binance Listing

Pepe (PEPE), a frog-themed memecoin, has hit a market cap of $1 billion after surging over 85% in the last 24 hours since its launch on April 14, 2023. Despite having no intrinsic value or expectation of financial return, PEPE has followed a similar trajectory to other memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB). However, investment in memecoins is high risk due to the lack of underlying fundamentals, extreme volatility, and major swings in value. Concerns about Pepe’s on-chain activity have also emerged, with five addresses allegedly linked to the Pepe team making a $1.23 million profit by

The Financial Conduct Authority (FCA) has ramped up its efforts to crack down on unregistered crypto ATMs in the UK.
1 year ago 1 min read

UK FCA Takes Action Against Unregistered Crypto ATMs

The Financial Conduct Authority (FCA) has ramped up its efforts to crack down on unregistered crypto ATMs in the UK. The financial regulator recently announced that it worked with local authorities to conduct raids on suspected unlicensed crypto ATMs in Exeter, Nottingham, and Sheffield. This enforcement action follows similar operations in East London and near Leeds in February and March, respectively. The FCA claims that it has issued warnings or cease-and-desist letters to suspected crypto ATM operators in these areas. In a statement, Therese Chambers, Executive Director of Enforcement and Market Oversight of FCA warned that “Crypto ATMs operating without

PEPE Tokens Prove Lucrative as Trader Nets $7 Million from $260 Investment
1 year ago 1 min read

From $260 to $7 Million: How This Trader Turned PEPE Tokens into a Fortune

PEPE coin’s recent surge in value has made several investors millionaires, with many buying the token for just a few dollars. One trader, dimethyltryptamine.eth, purchased 5.9 trillion PEPE tokens for $260 and has already made over $4 million in profit from selling part of the holdings, while still retaining a balance worth over $7 million. Other traders, holding over $1 million worth of PEPE, are also benefiting from the coin’s rise in value. However, the CEO of Binance, Changpeng Zhao, has warned investors of the high-risk associated with meme coin investments and advised crypto traders to conduct thorough research before

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus