Celsius’ Mashinsky motion to dismiss denied The former chief executive of crypto lending platform Celsius Network, Alex Mashinsky is back on track to face a civil fraud lawsuit after a Supreme Court judge denied his motion to dismiss the case. A court order issued on Aug. 4 by New York County Supreme Court Justice Margaret Chan denied Mashinsky’s motion to…
NFT trader’s $1.5M bot chess move YouTuber and nonfungible token (NFT) trader Hanwe Chang said he scored 800 Ether (ETH), around $1.5 million, by tricking a rival trader’s bot into buying his own inflated NFTs. In an Aug. 5 X (Twitter) post, Chang said he noticed a bot was copying his bids on the NFT marketplace Blur and decided to trick…
Blockstream CEO Adam Back, one of the crypto’s early pioneers, is pretty confident Bitcoin will hit an all-time high of over $100,000 before Bitcoin’s halving in 2024 — and is willing to drop a million wagering on it. In an Aug. 7 conversation on X (formerly known as Twitter), Back agreed to a bet with pseudonymous X user @Vikingobbitcoin, that…
The Huobi cryptocurrency exchange has been hit with outflows totaling a staggering $64 million this past weekend, continuing a long decline in the total value locked (TVL) on the exchange to $2.5 billion from $3 billion a month ago, according to DeFiLlama. Adam Cochran—a fintech executive, angel investor, and renown crypto Twitter analyst—recently raised eyebrows with a series of statements…
MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol. At the time of writing, VPN users that attempt to access the Spark Protocol website will be met with an error: “Accessing this website via VPN is not allowed.”…
Excitement surrounding superconductors has captured the imagination of the scientific community—and its adjacent crypto-linked decentralized science movement—with the discovery of a substance named LK-99. Unsurprisingly, as with other massively hyped topics, a number of meme coins have popped up to capitalize on the frenzy. LK-99 is the name of a material that’s reported to exhibit superconductivity at temperatures up to…
A series of transactions on the NFT marketplace Blur has captivated Crypto Twitter and sparked questions of legality after a prolific trader going by the name of Hanwe Chang duped a competitor into buying certain Azuki NFTs at an inflated price. “[I] noticed that someone’s bot was copying my bids on Blur, so I decided to trick him,” Chang said…
Decentralized finance (DeFi) protocol Curve Finance is extending a bug bounty offer to anyone who is able to identify the exploiter responsible for draining over $61 million from its pools on July 30. Curve and other protocols affected by the attack offered a 10% bug bounty to the hacker on Aug. 3, totaling more than $6 million. Upon accepting the…
Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless, traders should continue to keep a close watch because a period of consolidation is usually followed by an increase in volatility. Although it is difficult to predict the…
The largest fashion event in Scandinavia has enlisted a luxury mobile style game to enhance its program with daily in-game challenges. Fans of Copenhagen Fashion Week can style avatars and put together streetwear outfits in Drest beginning Monday and running through Saturday, Aug. 12. The companies pitch vibes ranging from the front row of runway shows to renown street style…
