Crypto news

Bankrupt crypto lender BlockFi has filed a motion to dismiss the bankruptcy case for Emergent Fidelity Technologies, the holding firm owned by Sam Bankman-Fried (SBF), founder and former CEO of FTX. In the motion, filed on Thursday in the United States Bankruptcy Court for the District of Delaware, BlockFi argued that Emergent is not eligible for a bankruptcy case as it has no other assets than 56 million Robinhood shares. BlockFi Seeks to Dismiss Emergent’s Bankruptcy Case...

FTX’s Japanese subsidiary has moved closer to its goal of unlocking its users’ trapped funds.  The bankrupt company told clients on Friday that they can now confirm their balances on the platform, as part of a plan to compensate clients by the end of the month.  A Step Closer to Compensation Besides viewing their balances, users have been notified that they can migrate their assets to the Japanese crypto exchange platform, Liquid. The firm received $120 million from FTX after...

North Korea has long done anything and everything it could to get its hands on crypto. There’s no doubt about that. At this stage, it’s obvious the nation is trying to garner digital assets so it can fund its ongoing nuclear program. However, until now, we’ve always been afraid of Lazarus, as this is the main state-funded hacking organization trying to garner illicit crypto through stealing, cyberattacks, and thievery. North Korea Has a New Group Stealing Crypto It now...

[PRESS RELEASE – Please Read Disclaimer] AirDAO is a community-governed layer-one blockchain with a suite of web3 dApps accessible through the AirDAO Dashboard, all powered by the AMB token. The upgraded AirDAO Tokenomics lays out the changes coming to AirDAO throughout 2023. The tokenomics upgrade assures the success of the next phase of AirDAO and kickstarts the transition to community-based governance with the implementation of DAO voting. The update to the rewards...

The past seven days saw Bitcoin’s price increase by a whopping 10% in a few violent green candles that took place in the span of a couple of days. This brought a lot of positivity to the industry, and the total capitalization is also up by about $100 billion. At the time of this writing, BTC trades at around $24K, but it managed to paint a fresh high of above $25K for the first time since the summer of 2022. This has also had an impact on the entire market, as most of the...

[PRESS RELEASE – Please Read Disclaimer] BC.GAME is teaming up with its brand new ambassador, Brazilian professional footballer David Luiz, to bring RIO Carnival to the community of crypto casino players. With a whopping $1.2 million prize pool up for grabs and weekly cash prizes, this is a gaming event players won’t want to miss as 2023 starts. For easy access to players, the crypto casino platform has created a dedicated event page accessible here: https://rio.bc.game. RIO...

Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce – who’s often dubbed the “crypto mom” thanks to her open-minded nature towards bitcoin and crypto – is calling for strict regulation of the space and says this will provide more clarity for traders and help to keep investors shielded from bad actors. Hester Peirce Says It’s Time to Regulate Crypto In an interview, Peirce said: If we continued with our regulation-by-enforcement approach at our current...

[PRESS RELEASE – Irvine, California, United States, 16th February 2023] The PlayDapp team announced the acquisition of ProudNet, the renowned peer-to-peer server network provider. This move is seen as an aggressive step towards entering the US gaming market and is set to provide game developers with the best possible technology in terms of stability and reliability for online multiplayer gameplay. ProudNet, formerly a subsidiary of Pearl Abyss best known for cross-platform...

Shortly after legally going after Do Kwon and Terraform Labs, the US Securities and Exchange Commission asserted that the former cashed out 10,000 bitcoin after his brainchild collapsed. Kwon has been on the run ever since the crash last year, reportedly currently hiding in Serbia. As reported by Bloomberg, the latest allegations from the US securities watchdog indicate that Kwon used an unnamed Swiss bank to cash more than $100 million worth of BTC between “June 2022 and the...

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