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…
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…
SEC Chair Gary Gensler Roots for FTX Comeback
Gensler emphasizes the importance of new leadership understanding and sticking to existing securities laws for FTX’s success. Former NYSE President Tom Farley is among the top contenders to acquire FTX’s…
Memecoin Whales Score Millions While MEME Trends
LBank tweeted about Memecoin (MEME) gaining attention in the crypto space.Airdropped MEME transfers to just two holders exceeded $5 million in total value.Memecoin is backed by Memeland’s hyper-web3 project and…
Robinhood Poised to Launch Crypto Trading in Europe.
Tenev’s plan was announced in Robinhood’s quarterly earnings report.Robinhood’s quarterly financial report is in – with slightly disappointing news for shareholders but very interesting news for customers based in the…
Ava Labs Cuts 12% of Workforce for Avalanche Ecosystem Growth.
It’s unclear whether Monday’s layoffs impacted the company’s technical departments.A large number of employees in the marketing department had been let go as per Yang.The Avalanche Blockchain Network’s parent business,…
Bitcoin’s Consolidation Continues Will It Break $35k Barrier?
Bitcoin (BTC) is currently consolidating in the range between $34,800 and $35,250. If BTC breaks the $35,250 key resistance, it could pave the way for the $36,150 price target. Bitcoin…
FTX Requests Court Approval To Liquidate $744 Million in Trust Funds
Five Grayscale trusts are holding assets worth $691 million.The trusts operate as an onboarding vehicle enabling investors to obtain crypto exposure.The insolvent cryptocurrency exchange FTX petitioned in court last Friday,…
The Simpsons Features a Latest NFT Dedicated Episode
In the latest episode “Wild Barts Can’t Be Token”, Homer turns Bart into a living NFT on blockchain. The popular sitcom The Simpsons aired an entire NFT-featuring episode on Sunday,…
BNB Chain and Ethereum Blockchains Suffer 20 Attacks in October, Taking the Hardest Hits.
BNB Chain and Ethereum emerged as the most targeted blockchain networks in October.According to the latest report from Immunefi, from January to October 2023, over $1.41 billion has been lost…