China Imposes Criminal Penalties for Theft of Digital Collections.
Theft of digital collections constitutes theft of computer information as per the declaration.Collections should be recognized as property in the framework of criminal law.The government of China issued a statement…
Justin Sun Offers 5% Bounty for Returning Poloniex Stolen Funds.
The hackers were given seven days to accept his offer or face legal repercussions. Poloniex’s losses climbed from $100 million to $126 million, according to new figures.Justin Sun, who recently…
Genesis Proposes Slashing 3AC Claim from $1B to $33M.
The crypto lender has decided to settle out of court to avoid the risks and expenses. Genesis has proposed lowering the claim and giving up rights to certain crypto assets.Bankrupt…
Bitcoin Bullish Aim $40k. Is It Possible?
Bitcoin Open interest touches new heights reaching $7 billion. Bloomberg predicts a 90% ETF approval chance by Jan. 10.Bitcoin’s recent meteoric rise to $37,967, a level not witnessed in nearly…
Judge Approved Bankrupt Celsius Network’s Repayment Plan.
The proposal filed proposed allocating $450 million to start up a new company.Dubbed NewCo, it will concentrate on Bitcoin mining and staking.After a judge in Delaware bankruptcy court accepted Celsius…
Shiba Inu Burn Rate Surges Over 660% as Prices Rebound.
Shiba Inu (SHIB) experienced a 665% surge in deflationary burn rate.The majority of coins burned came from a single wallet.A total of 410,662,274,269,053 SHIB have been burned to date, but…
Australian Crypto Exchange CoinSpot Loses $2M in Alleged Exploit.
ZachXBT reveals CoinSpot wallets drained of 1,282 ETH ($2M) in just five mins.Australian cryptocurrency exchange CoinSpot may have fallen victim to an exploit resulting in the loss of approximately $2…
Celsius Gains Bankruptcy Court Approval for its Restructuring Plan.
Celsius Network will move forward with its restructuring plan more than one year after filing for Chapter 11 bankruptcy. The New York bankruptcy court has approved Celsius Network’s restructuring plan,…
Bitcoin Pump to Almost $37000 And Triggers Over $140 Million in Withdrawals.
Bitcoin (BTC) surpassed $36,700 for the first time since May 2022.The price of the primary cryptocurrency has soared once again, hitting a fresh 18-month peak of approximately $36,700 (per CoinMarketCap’s…
Bitcoin Whale Inflows to Exchanges Declined Ahead of BTC’s Price Surge to $37000.
Bitcoin Long-Term Holder Supply at an All-Time High As BTC moves to $37K: Glassnode. The relative proportion of circulating supply held for over a year currently hovers at all-time highs…