Breaking crypto and Web3 news, analysis and market intelligence for institutional investors.
According to findings reported by Shinoji Research, there has been a purported data breach on the cryptocurrency exchange Bitfinex, potentially affecting the data of 400,000 users and involving the theft of 2.5 terabytes of data. However, it’s important to note that these claims have not been officially confirmed by the exchange. As such, users are … Read more
Fantom (FTM) had surged to the $1 mark in March, with hopes high for a further rise to $2. However, the market crash intervened, causing prices to plummet, and Fantom experienced a nearly 50% decrease in value. Nevertheless, there remains optimism for the coin’s future, with a crypto analyst anticipating a resurgence of bullish momentum … Read more
Three former executives of the now-defunct cryptocurrency loan and investment company Cred are the subject of allegations from the US Department of Justice (DOJ), which claims they were part of a scam that caused consumers to lose their holdings in cryptocurrency, which are today worth over $783 million. Daniel Schatt, the former CEO and co-owner … Read more
Renowned criminal defense attorney for cryptocurrency Carlo D’Angelo has shared his thoughts on the events leading up to former FTX CEO Sam Bankman-Fried’s sentence. Tiffany Fong is a well-known independent journalist who covers topics related to cryptocurrency crimes. D’Angelo spoke with her in-depth. D’Angelo informed Fong that a number of criteria will decide Bankman-Fried’s fate … Read more
A man was detained by Dutch authorities on suspicion of being a part of the online gambling platform ZKasino fraud. The 26-year-old was taken into custody by the Fiscal Information and Investigation Service (FIOD) on April 29. He is suspected of money laundering, embezzlement, and fraud. According to a May 3 report by FIOD, the … Read more
Leading international cryptocurrency exchange KuCoin is launching its 27th Spotlight Token Sale, an initial exchange offering (IEO) showcasing pioneering decentralized digital identification (DID) solutions provider Lifeform (LFT). The exchange announced this development on Thursday via a statement posted on their official website. Lifeform will be holding a token sale during the next Spotlight event. The … Read more
Coinbase Global Inc. (NASDAQ: COIN) announced its Q1 2024 financial results on May 2. It stated the following in its Shareholder Letter: “Strong conditions in the cryptocurrency market, continued operational discipline, and our targeted execution of product expansion are the reasons behind our Q1 financial performance. Our entire revenue was $1.6 billion, and our net … Read more
Ryan Salame, the former co-chief executive of FTX Digital Markets, has consented to give up his multimillion-dollar Bahamas property as part of a plea deal in a criminal prosecution. Ryan Salame has consented to surrender his $5.9 million Bahamas home, per a request filed on May 1 with the United States Bankruptcy Court for the … Read more
Just days after announcing its initial airdrop, Ethereum restaking protocol EigenLayer is now airdropping an additional 28 million of its native EIGEN coins to over 280,000 wallets. EigenLayer declared on Monday that it will give away 15% of its whole supply to the community; nevertheless, a number of users felt that the company’s airdrop program … Read more
Even though gamers themselves aren’t very fond of AI in games, recent developments have opened up a plethora of new avenues for improving games and the gaming experience. AI is being used in a variety of ways to improve popular video games. For example, in “The Last of Us,” AI is being used to create … Read more