Category : EthereumWorldNews

EthereumWorldNews

Amazon And Avalanche To Bring Scalable Blockchain Solutions to Enterprises and Governments

Amazon Web Services (AWS) now supports Avalanche’s infrastructure and dApp ecosystem.AWS and Ava Labs will work together to increase the enterprise, institutional, and government adoption of blockchain.The partnership will make it easier for develop...

FTX Lawyers Say $5 Billion Recovered In Crypto And Other Assets

Summary: Landis Rath & Cobb lawyers stated the recovery claim during a bankruptcy hearing on WednesdayThe $5 billion in question was reclaimed in “cash, liquid crypto, and liquid investment securities”, per the court hearing.FTX...

Binance US Received Go Ahead For $1 Billion Voyager Digital Deal

Summary: Voyager Digital was granted court approval allowing the defunct crypto broker to sell off some of its assets.The deal was previously halted by an SEC inquiry. Binance US will splash a whopping $1 billion as payment to Voyager, per previ...

Gala Games’ $GALA Sees Massive 142% Pump Following Major Developments

Gala Games’ native token $GALA has gone up 142% over the past week according to data from Coingecko.The play-to-earn platform recently announced the acquisition of Ember Entertainment, which had positively impacted the token’s price. The platform ha...

DCG Announces Letter To Shareholders, Owes $447.5M in USD And 4,550 BTC To Genesis Capital

Digital Currency Group (DCG) is cutting costs and streamlining operations in order to position itself for long-term success.CEO Barry Silbert acknowledged the current state of the market and the challenges facing the industy,Despite these challenges...

Gemini Co-Founder Demands Barry Silbert’s Resignation In Scathing Letter To DCG Board

Summary: Gemini President Cameron Winklevoss said there’s no path forward as long as Barry Silbert remains CEO of Digital Currency Group.The letter demanded that the DCG board out Silbert and install new management, while also accusing Sil...

Coinbase Investors Cheer 6% Stock Surge Following 950 Job Cut Announcement

Coinbase announced plans to cut around 950 jobs.The decision to restructure is due to “ongoing market conditions impacting the crypto economy”This downsizing follows a similar round of job cuts made last year, when the crypto market was...

FTX’s Former Lead Engineer Nishad Singh Eyes Deal With SDNY Prosecutors

Summary: Nishad Singh met with U.S. federal prosecutors to discuss a cooperation deal last week, Bloomberg reported.The ex-chief coder at FTX was the latest and third member of Sam Bankman-Fried’s ‘inner circle’ to engage invest...

Hong Kong’s Crypto Ambitions Remain Undeterred Despite Industry Downturn

Hong Kong remains undeterred in its ambition to establish itself as a crypto hub, despite the prolonged bear market.& The local government is inviting technology and crypto startups to set up their international headquarters in the island city.T...

CFTC Files Charges Against Mango Markets Exploiter Avraham Eisenberg

The U.S. CFTC has filed manipulation charges against Avraham Eisenberg.In October 2022, Eisenberg exploited Mango Markets to the tune of $110 million.& The exploiter was arrested last month and is facing criminal charges filed by the US Departme...

Huobi Korea Set To Breakoff From Parent Entity: Report

Summary: The Korean division plans to operate on its own and separate from Huobi Global, the parent company of the Singapore-based crypto exchange.Local media house News1 reported ongoing negotiations for an equity deal between major shareholders...

Former FTX US President Teases Insider Info On SBF’s Bankrupt Crypto Exchange

Summary: Brett Harrison said he will share what he knows about the defunct crypto exchange “in time”.Harrison resigned from FTX in September 2022 after serving as president of the platform’s U.S. division for over a year.The tweet ca...

OpenSea Integrates with Arbitrum Nova to Provide Low-Cost Data Availability for NFTs

OpenSea, a leading marketplace for digital collectibles and non-fungible tokens (NFTs), has announced support for Arbitrum Nova, a Layer 2 blockchain that aims to provide low-cost data availability. Arbitrum Nova, a new addition to the Arbitrum...

Ethereum’s Shanghai Upgrade Brings Heat To Liquid Staking Derivatives (LSD) with LDO Seeing 71% Increase In Value

The Shanghai upgrade of the Ethereum network, set to launch in March, will allow users to withdraw their ether (ETH) from the network.A public test network for the Shanghai upgrade will be released by the end of February.The Shanghai upgrade has gen...

NFT Marketplace SuperRare Downsizes 30% of Staff Due to Extended Crypto Winter

SuperRare, a non-fungible token (NFT) marketplace, has laid off 30% of its staff due to the prolonged crypto winter.CEO John Crain stated that the company overhired during the market boom, leading to unsustainable growth.The layoffs were necessary t...

Getting Started With DeFI

Decentralized finance, or DeFi for short, refers to a growing movement in the world of cryptocurrency and blockchain technology that aims to use smart contracts and decentralized networks to create financial products and services that are more acces...

Justin Sun Transfers $100 Million Into Huobi Amid Insolvency Rumors

A wallet associated with Justin Sun has transferred more than $100 million into crypto exchange Huobi.The funds originated from Just Lend, a lending platform on Tron.Huobi is under scrutiny as it undergoes a restructuring program following the acqui...

Cathie Wood’s Ark Invest Demonstrates Confidence in Coinbase with Another $5.8 Million Share Purchase

Ark Invest, a firm founded by Cathie Wood, has purchased $5.8 million worth of Coinbase sharesThe purchases were made by Ark’s ARKW and ARKF fundsArk Invest’s ARKF fund was established in 2019 and focuses on companies using technology to...

Fidelity Writes Down Value of Twitter Investment By More Than 50% Following Elon Musk Takeover

Fidelity has written down the value of its initial investment in Twitter following its support of Elon Musk’s takeover of the platformThe write-down, which reduces the value of an asset on a company’s balance sheet, resulted in a decreas...

Mt. Gox Repayment Deadlines Postponed Till September 2023

Summary: The defunct exchange received court permission to extend repayment deadlines by two months each.The latest update will allow users to complete “Selection and Registration” until March 10.Repayment Deadline, Early Lump-Sum Rep...

Critical Vulnerability on Polkadot Parachains Discovered, $200 Million at Risk

A security researcher discovered a potential vulnerability that could have resulted in the theft of up to $200 million from three Ethereum-compatible parachains on the Polkadot network: Moonbeam, Astar Network and Acala.The vulnerability was found i...

Explore the Benefits of Decentralized Finance (DeFi): A Comparison with Traditional Finance

Decentralized finance (DeFi) is a financial system built on top of blockchain technology that allows for financial services without traditional intermediariesDeFi is open, transparent, and secure, and offers greater financial inclusion and potential...

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