South Korean prosecutors are seeking to freeze 3,313 bitcoins at two cryptocurrency exchanges allegedly tied to luna founder Do Kwon. The coins were moved soon after a South Korean court issued an arrest warrant for the Terraform Labs co-founder. Luna Foundation Guard has denied transferring the coins. Korean Authorities Ask Crypto Exchanges to Freeze Bitcoin South Korean authorities have reportedly…
Month: September 2022
How Web3 Music Platform Audius Hit 7.5 Million Monthly Users
Audius is a crypto company that doesn’t wear Web3 on its sleeve—and CEO Roneil Rumburg says that’s very much intentional. “We’ve seen growth continue through this market cycle of sorts because the average Audius user is not even aware the crypto is there,” Rumburg told Decrypt at the Mainnet conference. So is Audius, a music streaming platform Rumberg says is…
US CBDC Narrative Is A Fantasy – Bitcoin Magazine
This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. Since the recent White House report on Bitcoin and cryptocurrencies the discussion around a United States central bank digital currency (CBDC) has been raging again. Will they make one? How long will it take? Of course the government is going to…
3 ‘blockbuster’ titles that could save GameFi — ABGA President
Kevin Shao, Executive President of the Asia Blockchain Gaming Alliance (ABGA) says he’s holding out hope for three “triple-A” blockchain gaming titles that could help propel GameFi into the mainstream and rescue it from the bear market. Speaking to Cointelegraph during Asia Crypto Week, the Executive President said one obstacle preventing mainstream adoption is current GameFi titles often have a focus…
Frankfurt’s Euro Sculpture Is Saved by New Sponsor CAIZ Development – Press release Bitcoin News
press release PRESS RELEASE. The preservation of the Euro sculpture in downtown Frankfurt, Germany, has been in danger in recent months as no sponsors were willing to provide the required financing. At the same time, the costs of maintaining the sculpture have risen considerably, mainly due to increased levels of vandalism. The independent non-profit association Frankfurter Kultur Komitee e.V., the…
Celsius CEO Alex Mashinsky Resigns Amid Tumultuous Bankruptcy Proceedings – Bitcoin News
On Tuesday, September 27, 2022, Celsius Network CEO Alex Mashinsky submitted a letter of resignation from the company. Mashinsky added that he still plans to help the embattled crypto lender “achieve a successful reorganization.” Alex Mashinsky Resigns From Embattled Celsius — Founder Apologizes for the ‘Difficult Financial Circumstances’ After Celsius paused withdrawals on June 12, 2022, over a month later…
Anonymous makes numerous allegations against Yuga Labs and its Bored Ape Yacht Club
On Sept 26, internet hacktivist group Anonymous released a video addressing blockchain technology company Yuga Labs and its NFT-driven social club, Bored Ape Yacht Club (BAYC). The group’s statement included a laundry list of allegations regarding Yuga Lab’s alleged use of esoteric symbolism in BAYC’s art — which Anonymous believes shows the company’s support for numerous controversial subjects, such as…
UFC fighter El Ninja to become first argentinian athlete paid in crypto
Guido Cannetti, an Argentinian Ultimate Fighting Championship (UFC) fighter, is now the first martial arts athlete in the country to receive 100% of his salary in stablecoins, amid rising inflation and Argentina’s economic deteriorating, announced the crypto payroll company Bitwage on Monday. Dubbed El Ninja, he returns to the Octagon on October 1st in the United States to face the…
Someone Borrowed $1.3M in Ethereum Using Mutant Ape NFTs as Collateral
DeFi lending was already big business, but a quickly growing niche is borrowing against valuable NFTs and using them as collateral for loans. Fragment, the holder of a pair of Mutant Ape Yacht Club NFTs, borrowed 1,000 ETH—around $1.3 million—using the star-studded JPEGs as collateral today. “It’s awesome to see these loans getting funded in this market climate, and more…
Binance Global Law Enforcement Training Program is official after year of activities
Binance announced the existence of its Global Law Enforcement Training Program in a blogpost on Sept. 27. The creation of the program could be considered retroactive, since the company’s investigations team has been holding workshops for law enforcement for the past year. Binance expanded its investigations team a year ago, and has held one-day workshops in numerous countries since then,…