Hacking

23 Mar 23

Terraform Labs’ Do Kwon allegedly arrested in Montenegro

Montenegrin police have detained “the most wanted fugitive in the world” — Do Kwon, a South Korean national, co-founder, and CEO of Terraform Labs based in Singapore. According to Filip Adzic, Montenegro’s interior minister, Kwon, responsible for over $40 billion in losses, was allegedly arrested at Podgorica airport with forged documents. South Korea, the United […]

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23 Mar 23

BNB Chain launches Zero2Hero hackathon

BNB Chain, the decentralized platform for building and running smart contracts on Binance Smart Chain (BSC), has announced the launch of its Zero2Hero hackathon. The hackathon is a global online event that challenges developers to create innovative applications using BNB Chain’s technology. In a press statement released on March 23, the network confirmed that the […]

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23 Mar 23

FTX pursuing $460m from SBF-backed Modulo Capital

Amid SVB’s collapse, the defunct cryptocurrency exchange FTX is suing the venture capital company Modulo Capital, which got a significant investment from Alameda Research last year. The lawsuit seeks to recover $460 million in client monies that FTX is said to have improperly taken. Due to the settlement, both companies can avoid an expensive legal struggle; nonetheless, the monies […]

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23 Mar 23

The crypto market reacts as Fed hikes by 25 bps

After the 25 bps rate hikes announced by the Fed on March 22, the markets, including bitcoin, crypto, and stocks, reacted negatively. Fed 25 bps rate hike The Fed chair Jerome Powell, after the FOMC meeting on March 22, announced that the Fed hiked the interest rates by 25 points. The new rate hike moved […]

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23 Mar 23

SUSHI tumbles amid whales unstaking tokens

A whale unstaked 4.08 million SUSHI, the native token of the decentralized exchange SushiSwap, according to a tweet published by Lookonchain, which has seen the price of the token tumble according to CoinMarketCap data. As stated in the tweet, this whale had already been given 3.78 million SUSHI the year before and bet the whole […]

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23 Mar 23

Xapo Bank enables USD Coin (USDC) deposits and withdrawals

Xapo Bank has announced that its members can now directly deposit and withdraw their USDC stablecoins on its regulated banking platform, enabling them to bypass the time and cost inefficiencies of the SWIFT payment system. USDC deposits and withdrawals now live on Xapo As the U.S. banking crisis continues to hit hard, with various crypto […]

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23 Mar 23

Litecoin (LTC) price surges over 9%, pre-terra highs in sight

Litecoin (LTC) has seen a surge in value, rising by over 9% in the last 24 hours and over 11% in the last week. The cryptocurrency is now on track to reclaim its previous highs prior to the terra collapse. This surge in value comes as bitcoin and other crypto tokens saw some profit booking […]

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23 Mar 23

Coinbase receives SEC Wells notice over possible violation of securities laws

Coinbase revealed that the company received a Wells Notice from the U.S. securities and exchange commission (SEC) indicating the regulator’s plan to carry out an enforcement action against the firm after investigations showed that Coinbase may have violated securities law. SEC goes after Coinbase In a blog post from March 22, 2023, Coinbase chief legal […]

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23 Mar 23

Riot stock falls by more than 60% over past year, company makes changes

Rising bitcoin output and a full year of data center hosting and engineering revenues pushed Riot’s overall revenue in 2022 up to $259.2 million from $213.2 million the previous year. Formerly known as Riot Blockchain, bitcoin infrastructure specialist Riot Platform is a publicly listed bitcoin mining and blockchain technology firm. After losing more than 60% of its […]

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23 Mar 23

Bitcoin’s realized price rises amid a surge in whale activity

Bitcoin (BTC) witnessed a sudden drop as March started with a series of bank collapses. The downward movement continued for almost two weeks, bringing the price down to the $19,500 mark on March 10. A week later, BTC hit a 10-month high of $28,803, according to crypto.news data. A CryptoQuant analyst shared his bullish expectations […]

Terraform Labs’ Do Kwon allegedly arrested in Montenegro

BNB Chain launches Zero2Hero hackathon

FTX pursuing $460m from SBF-backed Modulo Capital

The crypto market reacts as Fed hikes by 25 bps

SUSHI tumbles amid whales unstaking tokens

Xapo Bank enables USD Coin (USDC) deposits and withdrawals

Litecoin (LTC) price surges over 9%, pre-terra highs in sight

Coinbase receives SEC Wells notice over possible violation of securities laws

Riot stock falls by more than 60% over past year, company makes changes

Bitcoin’s realized price rises amid a surge in whale activity

Terraform Labs’ Do Kwon allegedly arrested in Montenegro

BNB Chain launches Zero2Hero hackathon

FTX pursuing $460m from SBF-backed Modulo Capital

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