The United States Attorney’s Office for the Southern District of New York has announced the sentencing for an individual who pleaded guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in 2012. In an April 14 announcement, the U.S. Justice Department said James Zhong was sentenced to one year and one day in prison…
Community Gaming, a Web3 esports tournament platform, has laid off 17 employees, the company confirmed to Decrypt on Friday. The Esports Advocate first reported the news. Decrypt inquired about the number of employees that Community Gaming had before the layoffs, but did not hear back by the time of publication. Community Gaming CEO Chris Gonsalves told Decrypt that broader struggles across…
Solana’s cryptocurrency and Web3 smartphone, Saga, will be available for purchase on Monday, May 8, 2023. Crafted by OSOM, the Android smartphone is designed specifically for Web3 applications and enables users to self-custody crypto assets using its Seed Vault feature. Solana Smartphone Saga Ready for the Masses Solana Labs, Inc., the company behind the Solana blockchain ecosystem, announced that the…
Bitcoin hit a year-to-date high at $31,000 and ETH price followed. Which altcoins will be next? Source: https://cointelegraph.com/news/price-analysis-4-14-btc-eth-bnb-xrp-ada-doge-matic-sol-dot-ltc
The Texas Bitcoin mining bill that the industry didn’t think would make it out of committee did. Then it cleared the State Senate, too—each time with the backing of unanimous votes. Despite the consternation from Bitcoin miners about the proposal that would cut into their earnings, Wednesday’s vote to send SB-1751 to the Texas House of Representatives happened in a…
The artificial intelligence (AI) global race has taken on new players in the past days, with Twitter and Alibaba reportedly integrating the technology into their businesses. The Chinese giant is working on its own chatbot assistant, while the social media platform is apparently leveraging AI to “detect & highlight manipulation of public opinion”. It’s worth remembering that Twitter CEO Elon…
At the halfway point of April, bitcoin has risen beyond the $31,000 point for the first time in ten months. This rise in bullish sentiment comes as global inflation continues to fall, with many expecting central banks to soon pivot from current policies of monetary tightening. Current Market Status April started mostly with consolidation, as traders continued to digest the…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The past week in DeFi was filled with anticipation leading up to the Shapella upgrade on the Ethereum mainnet. The hard fork was successfully completed on April 12, allowing validators to withdraw their staked…
Bitrue executives promised to fully compensate all the identified users affected by the hot wallet hack that accounted for 5% of all funds on the exchange. Source: https://cointelegraph.com/public/index.php/news/crypto-exchange-bitrue-suffers-23m-hack-due-to-hot-wallet-eploit
The email addresses of some MetaMask users may have been exposed to a malicious party due to a recently discovered cyber-security incident. According to parent company ConsenSys, the incident affected users who submitted a customer support ticket to MetaMask between August 1, 2021 and February 10, 2023. According to the April 14 blog post, unauthorized actors gained access to a third…
