Terraform Labs co-founder Do Kwon’s legal saga continues with reports of his lawyers filing an appeal against a high court decision that pthe question of his extradition to the United States or South Korea to Montenegro’s justice minister. According to an April 23 report from Montenegrin news outlet Vijesti, Kwon’s legal team filed an appeal against an April 8 […]
Security News
Binance exec will remain in Nigerian custody until May 17 bail hearing: Report
Tigran Gambaryan, a Binance executive detained in Nigeria since February, will reportedly remain in custody until a bail hearing on May 17. According to April 23 reports from local news outlets, Gambaryan will remain in Nigeria’s Kuje prison until at least May 17, when a judge will decide whether to grant the Binance executive bail. […]
Binance founder should be jailed for 36 months, US prosecutors say
As the United States authorities are preparing to give a sentence to Binance founder Changpeng “CZ” Zhao on April 30, prosecutors have requested jail time for the former CEO. Binance founder Zhao should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on […]
BlackRock, Grayscale have to wait for SEC’s spot ETH ETF decisions
The United States Securities and Exchange Commission (SEC) will delay its decisions on the BlackRock and Grayscale applications for spot Ether exchange-traded funds (ETFs). The SEC released notices of the delay in the Grayscale decision and the amending of the BlackRock application just hours after the agency pushed back its decision on Franklin Templeton’s proposed […]
Bitcoin miners spreading sales dulled post-halving price drop: Bitfinex
Bitcoin miners were selling their reserves ahead of the halving and the spot exchange-traded funds (ETFs) in the United States may have “spread out the potential selling pressure” which helped avoid a sharp price drop alongside the event, says Bitfinex. “It appears that miners have executed their selling in advance, which has turned out to be […]
X payments details released: App to become your bank account
X users will one day be able to use the platform to send money to other users, purchase goods from stores, and even earn interest on the money in their accounts as one would do with a bank account, says the head of payments at X. In an April 22 post, X payments chief information security […]
DeFi whales have millions ‘forgotten’ in bridge contracts: Arkham
Several identified crypto addresses have millions of dollars either “stuck” or “forgotten” about in at least two large bridge contracts, according to blockchain intelligence firm Arkham. “There are dozens of accounts with 6-7 figures stuck in bridge contracts, forgotten about,” said Arkham in an April 22 X post., including wallets connected to Ethereum co-founder Vitalik […]
Man City and OKX release limited-edition jerseys tied to rare NFTs
Premier League football club Manchester City is launching a new nonfungible token (NFT) collection that will allow fans to win a limited number of unique jerseys and matchday experiences. The “Unseen City Shirts” campaign is the latest move in a long-term partnership with cryptocurrency exchange OKX. Users can mint the digital collectibles on the OKX […]
EigenLayer on the brink of potential yield crisis
EigenLayer, the largest restaking protocol on Ethereum by total value locked (TVL), could be facing a “major” yield crisis, according to industry watchers. Due to EigenLayer’s rapid growth in TVL, the protocol may be outgrowing its Actively Validated Services (AVS), which could lead to a major yield reduction, according to Chudnov, a pseudonymous builder at […]
RFK Jr. wants to put the entire US budget on a blockchain
American presidential candidate Robert Francis Kennedy Jr., aka RFK Jr., wants to put the entire United States budget on a blockchain. During a Michigan rally on April 21, he proposed the idea and said the move would allow every American to look at “every budget item anytime they want, 24 hours a day.” “We’re gonna […]