Category : EthereumWorldNews

EthereumWorldNews

3AC Co-Founder Kyle Davies Given 2 Weeks To Answer Subpoena: Bankruptcy Court

Summary: A U.S. bankruptcy court ordered Three Arrows Capital (3AC) co-founder Kyle Davies to respond to a subpoena served on Jan. 5.Davies has 2 weeks to answer the subpoena served via Twitter, the court ruled.3AC liquidators Russell Crumpler a...

“Not Guilty” Sam Bankman-Fried To Plead To 13-Count Indictment Over FTX Crash

Summary: Sam Bankman-Fried will reportedly please not guilty to new criminal charges filed by U.S. prosecutors.The 13-count indictment by the Department of Justice against the FTX founder includes bribery, fraud, and money laundering charges.Pro...

Sam Bankman-Fried Is Paying His Lawyers With Funds From Alameda Research

Sam Bankman-Fried is reportedly covering his legal defense fees using funds from Alameda Research.The funds are part of a $10 million gift to SBF’s father, which was given using a loan from Alameda.& The gift was sent in 2021 and was subject to...

Binance Hid Ties With China Even After The Crackdown In 2017

Binance and its top executives have reportedly concealed ties with China for several years.& A recent report claimed that Changpeng Zhao directed employees to hide information regarding their presence in China.& The crypto exchange previousl...

U.S. And South Korea Seek Do Kwon’s Extradition From Montenegro

The United States and South Korea have both requested the extradition of Do Kwon.& Montenegro’s Justice Minister revealed the extradition requests for the Terra founder in a press conference earlier today.& Minister Kovac clarified that the...

Galaxy Digital Posts $1 Billion Loss For 2022, Reports Profit In Q1’23

Galaxy Digital has reported a net loss of $1 billion for 2022.& The loss was attributed to unrealized losses on the firm’s principal investment portfolios.& The crypto investment firm posted a pre-tax profit of $150 million for the first qua...

Binance’s BUSD Sees $500 Million In Outflows Following CFTC Lawsuit

Binance’s BUSD stablecoin has suffered nearly $500 million in outflows over the past 24 hours.The significant outflow came after the U.S. CFTC filed a lawsuit against the crypto exchange and its CEO.& Binance’s customers have withdrawn over $800...

Ethereum’s Shapella Upgrade for Staked ETH withdrawals Coming April 12

Summary: Ethereum core developer Tim Beiko confirmed that the anticipated Shapella upgrade will happen on April 12.The Shanghai-Capella update on the mainnet will enable the withdraw function for staked ETH and unlock around 16 million stETH, de...

Prosecutors Allege FTX’s Sam Bankman-Fried Bribed Chinese Authorities With $40 Million

Summary: U.S. prosecutors indicted disgraced FTX Founder Sam Bankman-Fried on bribery charges, Reuters reported Tuesday.Court documents alleged that SBF paid Chinese officials $40 million to unfreeze Alameda Research accounts that held approxima...

dYdX Up 12% Following The Announcement Of Cosmos Testnet

DeFi exchange dYdX has announced the launch of its private testnet on Cosmos.& The testnet marks the DeFi crypto exchange’s transition to a completely decentralized model.& Native token DYDX has gained over 12% since the testnet’s launch was...

First Citizens Acquires Silicon Valley Bank, Assumes $72 Billion In Loans

First Citizens Bank has struck a deal with the FDIC to acquire the deposits and loans of Silicon Valley Bank.& First Citizens will take over $72 billion of SVB’s debt, along with $56 billion in deposits.& All depositors of Silicon Valley Bri...

MicroStrategy Splurges $150 Million On Bitcoin, Repays $205 Million Silvergate Loan At 22% Discount

Summary: MicroStrategy bolstered its Bitcoin bag with a 6,455 BTC purchase worth around 150 million at today’s prices.Former CEO Michael Saylor noted that the company also repaid its $205 million Bitcoin-collateralized loan at a 25% discou...

Binance Resumes Withdrawals After Resolving Bug That Affected Spot Trading

Binance suffered a technical issue which affected spot trading on the trading platform earlier today.& The crypto exchange suspended deposits and withdrawals, citing standard operating procedure.& The issue was resolved after system maintena...

Nasdaq Aiming To Launch Crypto Custody Service By End Of Q2

Nasdaq expects to launch its crypto custody services by the end of the second quarter.& The exchange operator is setting up the technical infrastructure and getting regulatory approvals for the same.& Nasdaq is seeking a trust company charte...

Do Kwon Charged In Montenegro And New York After Thursday Arrest

Summary: Terraform Labs founder Do Kwon stood before a Podgorica Basic Court on Friday to answer for forgery charges after his arrest.The wanted crypto mogul was arrested with fake Belgian and Costa Rican passports on his way to Dubai in a priva...

zkSync Era Rolls Out To General Users In Alpha, Matter Labs Beats Polygon To First Zero Knowledge EVM

Summary: On Friday, Matter Labs launched zkSync Era for users, beating other zero-knowledge developers like Polygon to the punch.The project already opened its so-called “first ZK Ethereum Virtual Machine-compatible” product to developers a mont...

yPredict.ai Unveils Next-Gen Payment Gateway for Token Purchase – Developed in Record Time

The team at yPredict.ai has made a significant breakthrough by developing a cutting-edge payment gateway for purchasing their tokens in the presale and public sale stages. This innovative solution aims to provide an effortless and seamless exper...

Bitcoin Mining In Texas Remains Undeterred Amid Concerns Over Power Consumption

Texas’ Bitcoin mining industry has shown growth amid turmoil in the crypto industry and concerns over power consumption.& Power consumption of Bitcoin miners in the state has risen 75% over the past year.& Some counties in the state of Texas...

Suspected Terra Boss Do Kwon Arrested In Montenegro, Interior Minister Says

Summary: The Interior Minister of Montenegro Filip Adzic tweeted that a person suspected to be Terraform Labs CEO Do Kwon was arrested in Podgorica on Thursday.Fugitive Do Kwon was arrested at a Podgorica airport with falsified documents, Minist...

Breaking: Terraform Labs Founder Do Kwon Arrested In Montenegro

Terraform Labs founder Do Kwon has reportedly been arrested in Montenegro.& The country’s Minister of Interior announced Kwon’s arrest on Twitter.The fugitive founder was detained at Podgorica airport for falsifying documents.& South Korea,...

Arbitrum Airdrop Now Live, ARB Trades Below $2 Amid Heavy Volatility

Summary: Trading for Arbitrum’s hyped ARB governance token went live on Thursday, Mar.23 after the airdrop was announced last week.ARB trading kicked off across centralized crypto exchanges like BitMEX, Binance, Bitfinex, Kraken, and decentraliz...

Coinbase ($COIN) Stock Drops 11% Following Wells Notice From The SEC

The U.S. SEC has issued a Wells notice to Coinbase, signaling its intention to initiate enforcement action against the crypto exchange.& & The securities watchdog is targeting the crypto exchange’s staking service and token listings.& Co...

BitMEX Founder Arthur Hayes Believes Bitcoin Can Cross $1 Million Mark

Popular crypto veteran Arthur Hayes says it’s possible for Bitcoin to cross the $1 million threshold.& Hayes believes that the Federal Reserve’s new Bank Term Funding Program will pump BTC massively.& The $1 million projection became p...

Telegram Allows Users Send USDT To Each Other Via Chats: Report

Summary: Telegram users can now send and receive USDT transactions within chats on the messaging app, CoinDesk reported citing an email from the social network giant.USDT was added to the platform’s Wallet marketplace, joining other crypto...

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