Category: Latest news

[ad_1] Following a nine-day trial, a jury found Terraform Labs and its co-founder Do Kwon liable for defrauding investors who lost billions when TerraLUNA collapsed in 2022. The SEC announced the verdict on April 5 in a press release. The regulator emphasized that the verdict holds both parties accountable for a “massive crypto fraud” that…

[ad_1] FTX creditors have strongly disapproved of the bankrupt crypto exchange’s decision to sell its Solana holdings at a significant discount to crypto venture firms. Earlier today, reports revealed that FTX offloaded as much as 30 million SOL at a rate of $64 each to VC firms like Pantera Capital and Galaxy Trading. The move…

[ad_1] MadFi, a developer team focused on blockchain innovations, has secured a $1 million angel funding round for its BONSAI token — a memecoin on the Lens Protocol, according to an April 5 announcement. The investment propels the total market cap of BONSAI to nearly $100 million on a fully diluted basis. The token’s integration…

[ad_1] As the Federal Reserve maintains a cautious stance on interest rate cuts, Bitcoin’s emergence as a ‘digital gold’ has garnered increased investor attention, setting the stage for heightened adoption expectations, Coinbase said in its latest market research on April 5. Institutional Research Analyst David Han believes Bitcoin’s growing status as digital gold will attract…

[ad_1] The Supreme Court of Montenegro has overturned earlier rulings regarding the extradition of Terraform Labs co-founder Do Kwon and has ordered a new review of the case on April 5. The decision calls for the High Court in Podgorica to re-examine the extradition requests it previously addressed in an expedited manner. The Supreme Court’s…

[ad_1] Quick Take The recent Bitcoin Cash (BCH) halving has sparked a significant price rally, propelling the digital asset to its highest level since 2021. Based on CryptoSlate research, an intriguing pattern has been observed in the lead-up to this halving event, potentially holding implications for the broader digital assets market. In the months preceding…

[ad_1] SushiSwap’s head chef, Jared Grey, said the ongoing controversy surrounding the protocol’s proposed transition to a Labs model is primarily driven by “former contributors who like to propagate endless FUD and misinformation.” The controversial proposal On March 26, a proposal titled Evolving Sushi—Burū no Shinka was submitted to allow Sushi to adopt a Labs…

[ad_1] There has been an increase in bank accounts belonging to crypto professionals being frozen or restricted across the UK, US, and EU over the past few months. They say you often don’t care about something until it happens to you; well, this week, it did. To my genuine surprise, it came from the one…

[ad_1] Quick Take As the digital assets market continues to evolve, two prominent US-based companies have taken vastly different approaches to their Bitcoin investments, with starkly diverging outcomes. MicroStrategy, a business intelligence firm, made its first Bitcoin purchase in August 2020 when the asset was trading at around $10,000. Since then, the company has steadily…

[ad_1] CryptoQuant CEO Ki Young Ju has voiced concerns about Ethena’s recent decision to incorporate Bitcoin as a backing asset for its USDe synthetic dollar. On April 4, Ethena Labs revealed plans to onboard BTC as a backing asset for USDe to create a safer product for its users. The firm said: “After the unprecedented…