Do Kwon, the co-founder, and CEO of Terraform Labs, is still being hunted for, but South Korean officials have expanded their inquiries to include additional Terra executives.  An arrest warrant was filed by the prosecution for co-founder Daniel Shin and seven more engineers and investors of the company on the grounds that they may have …

Terra’s Do Kwon former colleagues targeted by the  latest arrest warrant Read More »

Sam Bankman-Fried is everywhere on the news nowadays. You will always listen and read about him but rarely from him. However, Tiffany Fong, a prominent journalist, had a chance to interview him. The interview was short but it had all the things that you need to know about Sam Bankman-Fried, FTX, Alameda, and other relevant …

Sam Bankman-Fried first ever interview after FTX collapse Read More »

Last week, New York Governor Kathy Hochul signed new regulations to ban certain crypto mining operations. The signed moratorium bans proof-of-work mining facilities that use any carbon-based power source for the new two years. Mining companies that use 100% renewable energy are exempt from this new law.  The governor stated that this initiative will curb …

PoW crypto mining banned by NY governor: Will mining become extinct?  Read More »

Commonwealth of Dominica has announced that it has partnered with Huobi to roll out two digital services on the Tron blockchain. According to the announcement, both entities will be working towards creating a national token and a means of digital identification. The statement also mentioned that the digital token would enable users to earn citizenship …

World’s first national token launching on Tron chain Read More »

The cryptocurrency exchange FTX and its partner companies, which have applied for bankruptcy court protection in the United States, announced  that the majority of their subsidiaries would begin paying salaries and benefits to employees around the world in the normal process. The remedy consists of cash payments with regard to both the pre-petition and post-petition …

Troubled FTX plans to resume payments to employees Read More »

E-Hryvnia is a digital version of the Ukraine Hryvnia national currency created on the blockchain. CBDCs are commonplace, with many nations announcing plans to implement their own.  Blockchain has numerous applications past the volatile cryptocurrencies. The technology has been battle-tested and used in cross-border money transfers, IoT, smart contracts, healthcare, logistics, and government. A central …

E-Hryvnia’s new CBDC concept takes shape in Ukraine Read More »

Several cryptocurrency lending companies have gone bust amid bad practices and exposure to bankrupt companies, with the latest being BlockFi.  Late Monday, BlockFi filed for Chapter 11 bankruptcy protection in the United States, coming weeks after the company paused user withdrawals. BlockFi is the latest to bow out due to exposure to Sam Bankman-Fried’s cryptocurrency …

Is Nexo safe? What is the crypto lender doing differently & red flags? Read More »

You are mistaken if you believe that the crypto winter has kept investors away from the DeFi Market. Web3 is the new battleground for the majority of businesses as they strive to establish their presence. Mastercard is not an exception, as the corporation submitted an application for yet another active trademark on Monday. The focus …

Mastercard files for another Web3 and crypto trademark Read More »

FTX’s collapse shattered everything around the crypto market. The collapse was so intense and quick that no one in the company knew the real solution. Within weeks, the firm filed for bankruptcy when its traders withdraw $6 billion dollars within 72 hours. Things got more intensified when Binance backed up from a potential rescue deal …

FTX tensions are still hunting Sam Bankman-Fried Read More »

Major crypto lending and staking platform BlockFi officially filed for bankruptcy on Monday. BlockFi becomes the latest causality of the financial turmoil caused by Sam Bankman-Fried’s FTX scandal.  The company was one of the many affiliates of FTX and Alameda. In fact, Alameda was the sister hedge fund for BlockFi. Earlier this month the platform …

BlockFi files for bankruptcy: The FTX scandal continues to cripple crypto Read More »