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Terraform Labs, the blockchain firm behind the notorious Terra ecosystem, has filed for bankruptcy in the U.S. a month after a court ruled that the firm violated the U.S. laws.

Terra developer Terraform Labs files for Chapter 11 bankruptcy

In court documents filed on Jan. 21, the Singapore-based blockchain firm Terraform Labs disclosed liabilities ranging from $100 million to $500 million. Among the creditors h...

7 months ago

Within a week, the crypto industry lost two pro-crypto presidential hopefuls, though there’s some hope Donald Trump could be a secret wildcard for crypto.

Two presidential longshots are left waving the crypto flag, plus a wildcard

The recent departures of Vivek Ramaswamy and Ron DeSantis from the United States presidential race has left just two pro-crypto longshots in the running — though there’s some hope th...

7 months ago

Jicha and USI Tech’s Fraud Scheme

Crypto Firm USI Tech Founder Horst Jicha Arrested for Alleged $150 Million Fraud

Horst Jicha, the founder of crypto firm USI Tech, has been arrested and charged by U.S. authorities for his involvement in an alleged $150 million international fraud scheme.

7 months ago

Brad Garlinghouse continues to criticize SEC chair Gary Gensler over his unfavorable crypto regulation, as he suggests that the U.S. should leverage ChatGPT to get tips on how to regulate the industry.

Ripple CEO Slams Gary Gensler and SEC, Says ChatGPT Can Make Better Rules

Ripple CEO Brad Garlinghouse has slammed Gary Gensler, the United States Securities and Exchange Commission (SEC) chairman, over his unfavorable regulatory approach in the crypto space.

7 months ago

MetaMask, the non-custodial wallet developed by Consensys, has launched Validator Staking on MetaMask Portfolio, enabling users to run their own Ethereum validator nodes but with a 10% fee.

MetaMask rolls out Validator Staking, opening path for user-run Ethereum nodes

As per the Jan. 18 announcement, the feature will allow users to operate their Ethereum validator node without the complexities of pooling or the need for specialized hardware. MetaMas...

7 months ago

Analysts also pointed out that GBTC shares flipped to a 0.9% discount on Thursday amid “likely selling pressure.”

Crypto Bulls Lose $217M as Apparent Grayscale Sales Weighs on Bitcoin

Futures traders betting on higher crypto prices saw some $217 million in liquidations in the past 24 hours as the approval of spot bitcoin (BTC) exchange-traded funds (ETF) continues t...

7 months ago

Cathie Wood’s Ark Invest has continued to buy its own ARK 21Shares spot Bitcoin exchange-traded fund (ETF) worth $15 million.

Cathie Wood’s Ark Invest Buys Another $15M of its Spot Bitcoin ETF Shares

Bloomberg Intelligence claimed that funneling Ark Invest’s own money into ARKB is a measure taken to gain scale swiftly. The SEC’s approval has “set up an unusually high-s...

7 months ago

USA election and promises

Trump’s Promise: “I Will Never Allow The Creation Of A CBDC”

Former US President Donald Trump has been dismissive about the value of cryptos and central bank digital currencies (CBDCs) in the past. The 2024 Republican frontrunner has once again promised a...

7 months ago

Binance users involved in a class-action lawsuit against Cristiano Ronaldo are taking unconventional steps in their pursuit, filing a motion to serve the elusive soccer star through alternative channels, including X.

Chasing Ronaldo: Binance users to employ creative tactics in class-action lawsuit

Binance users who lodged a proposed class-action lawsuit against Cristiano Ronaldo over his promotion of the crypto exchange are now seeking to serve the elusive soccer player through other viab...

7 months ago

How A Point Racing Team Utilizes Digital Yuan

Shanghai Court Issues Verdict in First Digital Yuan Money Laundering Case

A Shanghai court has issued a verdict for the first instance of money laundering using Chinese digital yuan and cryptocurrency, marking a significant legal precedent of crypt...

7 months ago