Tag Archives: AA News

The blockchain gaming platform Animoca Brands seeks to raise around $1 billion for its latest Web3 and Metaverse investment fund during the year’s first quarter. The initiative comes in spite of the market decline and the FTX crash, which have vaporized much of the interest in cryptocurrencies.  Special Attention on Web3 The Hong Kong-based Animoca Brands seeks to double down on its Web3 endeavors by raising $1 billion to support blockchain and Metaverse startups. Chairman...

Magic Eden revealed that it will refund all the users who mistakenly bought unverified NFTs that showed up on the collection pages as a result of a recent breach. In a statement, the Solana-based NFT marketplace said that a bug was deployed in an update to two of its features – Snappy Marketplace and Pro Trade tools. As a result, unverified NFTs were listed in these two tools. More technically, the newly deployed “activity indexer” failed to detect dupe NFTs. Instead, the bug...

Alex Mashinsky, the co-founder and former CEO of bankrupt cryptocurrency lender Celsius Network has been sued by New York Attorney General Letitia James for allegedly defrauding investors, including more than 26,000 New Yorkers, out of billions of dollars worth of digital assets. In an official press release, the AG alleged that before Celsius’ bankruptcy, Mashinsky repeatedly made false and misleading statements about the company’s safety to persuade investors to deposit...

Logan Paul has been at the receiving end of seemingly endless controversies since his career took off as a media star. His two-year-old NFT venture – Crypto Zoo – is now under intense scrutiny. The latest development has ruffled a lot of feathers in the space. The crypto scam allegations are yet to fizzle out, but the investigative journalist who interviewed purported investors of the project has dropped bombshell allegations about Paul and his team members. Accusation In a...

Solana has rallied for the week as the network continues to gain more users. Excitement over the new memecoin, Bonk Inu (BONK), coincided with the cryptocurrency’s rally. The asset is moving in stride, brushing off recent losses in connection with the FTX’s collapse. Solana is pulling through tough times. It’s rough for the Ethereum competitor, the DeFi ecosystem especially, as it is tough for the entire industry out there in this biting crypto winter. The gains for Solana...

A federal bankruptcy judge has ruled that crypto-assets deposited in Celsius Network’s “Earn” accounts do not belong to the customers. Instead, the funds in the interest-bearing accounts belong to the bankrupt cryptocurrency lending platform. In a 45-page written decision, Martin Glenn, the chief US bankruptcy judge in the Southern District of New York, determined that Celsius is the owner of the $4.2 billion in crypto-assets. The verdict has set an important precedent that...

Daniel Friedberg – the former leading lawyer of crypto exchange FTX – has reportedly given vital information to American prosecutors that could help the authorities during the lawsuit against Sam Bankman-Fried. The attorney is expected to appear in SBF’s trial in October to shed more light on the actions of the 30-year-old while being in charge of the bankrupt platform. According to a recent Reuters report, Friedberg met with over 20 US investigators (officials part of the...

The Israel Securities Authority (ISA) could amend three of its existing monetary laws to squeeze in cryptocurrencies.  The regulator’s proposals seek to grant investors maximum security when dealing with digital assets, reminding about the recent collapse of FTX and the severe losses it caused to consumers.  Paying Attention to Crypto Israel’s financial watchdog proposed that cryptocurrencies should be included in the nation’s existing securities legislation. As such, the...

Cryptosat – a California-based builder of satellites that power cryptographic and blockchain applications – sent into orbit another satellite called Crypto2.  The company employed the services of Elon Musk’s rocket manufacturer – SpaceX. The Second Mission According to a document seen by CryptoPotato, Cryptosat sent its second satellite into Earth’s orbit using the two-stage rocket SpaceX Falcon 9 on January 3. The spacecraft carried a total of 114 devices that could help 23...

New year or not, NFT thefts are on the rise. Nikhil Gopalani, the COO of RTFKT, has become the latest victim. The exec took to Twitter to reveal losing a significant number of NFTs from his wallet in a phishing attack. “Hey Clone X community – I was hacked by a clever Phisher (same phone # as apple ID) & sold all my clone x / some other nfts… Obviously pretty upset and hurt by this and I havent really been able to move all day. Hope people who bought my clones love them...