Crypto news

On January 9, reports circulated that the cryptocurrency exchange Huobi Korea announced plans to sever its relationship with its parent company Huobi Global. According to the statement shared by News1, Huobi Korea will change its name to divorce itself from Huobi Global, as they have been facing a lot of problems due to domestic regulations. Huobi Global is a cryptocurrency exchange founded in 2013 by Du Jun and Leon Li, the company’s current CEO. At the time, Huobi was one...

Cryptocurrency projects obtained 42.5% less funding in 2022 compared to what they received in 2021.  Still, last year’s capital was significantly higher than the figures in 2018, 2019, and 2020. Funding in 2022  The crypto winter that hit the digital asset industry in 2022 has triggered a major market decline, an outflow of investor interest, and halted the expansion plans of some companies. According to a CoinGecko study, such firms had raised $21.26 billion last year, and...

Flare – a layer 1 oracle network – has initiated its FLR token airdrop across multiple major exchanges including Binance, OKX, Kraken, Bithumb, UpBit, Kucoin, and BitBank, among others.  With 4.279 billion FLR tokens distributed to millions of users, the airdrop marks one of the most large-scale token distributions in crypto history.  According to a press release, Flare’s initial airdrop represents 15% of the FLR’s total token distribution. It took place at 23:59 UTC on...

Smartphone-based blockchain mining project Pi Network has issued another clarification on the unauthorized listing of Pi coins, saying they are not available for trading yet. Pi Network has been in existence since 2018 and launched its Pi coin for mining by its community members, called “Pioneers,” in March 2019. These assets can be traded once Pi Network upgrades to Open Mainnet. Pi Network Disclaimer Right now, the network is in the Enclosed Mainnet state, which makes its...

The Commodities and Futures Trading Commission (CFTC) has charged Mango Markets exploiter Avraham Eisenberg with violating federal commodities laws during his $110 million manipulation attack in October.  The commission seeks various forms of penalties and relief from the attacker, some of which include trading bans, restitution, and disgorgement. Eisenberg’s Crime Per the complaint filed on Monday, the CFTC said that Eisenberg misappropriated over $100 million from the Mango...

The developers of Gala Games announced a major partnership between the blockchain gaming platform and the popular actors Dwayne Johnson (better known as “The Rock”) and Mark Wahlberg. The price of the entity’s native token – GALA – spiked by nearly 70% shortly after the disclosure. Gala Games revealed that it will develop two films with the Hollywood superstars. The team said buyers of the movie tickets will be able to scan a QR code and win digital assets. The platform...

Solana Foundation’s Remote Procedure Call (RPC) endpoints went offline on January 8th as a result of a bug in the Validator client’s test release 1.14. According to an update by Solana Status, the bug affected those nodes that adopted the latest test release and advised those operating on the node to change over to 1.13. RPC endpoints are essentially the nodes that connect decentralized applications (DApps) and wallets to the blockchain. The incident, however, did not impact...

Sam Bankman-Fried (SBF) and his former right-hand, Gary Wang, are unable to retain ownership of almost half a billion dollars worth of Robinhood shares, according to a court document dated January 6th.The US Department of Justice (DOJ) has seized the executives’ holdings in response to charges of wide-ranging fraud against Bankman-Fried and FTX, with which the equity investments may be involved.  No More Robinhood Shares The document, filed in a New Jersey bankruptcy court,...

Shanghai upgrade’s tentative timeline is set for March 2023, and the Ethereum developers are scaling back and targeting early February to launch its public testnets. The high-profile upgrade seeks to enable validator staking withdrawals. This feature is currently lacking in the Ethereum network, and the devs deem it the highest priority for the first quarter of 2023. Following the planned hard fork, the users will be able to access coins that have been staked on the network....

Didi Taihuttu and his family – often dubbed the “bitcoin family” due to their devotion to the world’s number one digital currency – are still confident in bitcoin and aren’t letting last year’s price flops and the collapse of FTX get to them. However, things have changed enough that they’re moving their bitcoin over and finding new ways of securing it. Didi Taihuttu Feels Strongly About Defi Many years ago, Taihuttu, his wife, and their three daughters sold everything...