Former Binance CEO Changpeng “CZ” Zhao has contested the U.S. Department of Justice’s assertions that he is a flight risk and may not return before his sentenci… Source: https://cointelegraph.com/public/index.php/news/changpeng-cz-zhao-us-government
Month: November 2023
How Auction House Christie’s Embraced NFTs After Beeple’s $69 Million Sale
At the start of 2021, NFTs were a niche technology most often discussed online among in-the-know tech nerds. By early spring, they were everywhere: plastered on the front pages of mainstream news sites, discussed feverishly in workplaces, invoked at kitchen tables across the world, and mocked and ogled on late-night television. One particular event from that timeframe looms large: On…
Decentralized file sharing, explained
The importance of decentralization in file sharing Decentralized file sharing revolutionizes data access by eliminating dependence on centralized servers and utilizing P2P technology to distribute files across a network of nodes. Distributing and accessing data without depending on a centralized server is possible with decentralized file sharing. Rather, files are kept on a network of linked nodes, frequently through the…
Crypto Biz: Binance’s CZ falls, Grayscale and BlackRock meet with SEC, and more
This week’s rollercoaster reveals one thing about the crypto industry: it is undergoing a period of change. Source: https://cointelegraph.com/public/index.php/news/crypto-biz-binance-cz-falls-grayscale-black-rock-meet-sec
BitMEX Co-founder predicts Bitcoin surge amid dollar liquidity rise
Arthur Hayes, co-founder of BitMEX, provided perspectives on a potential Bitcoin surge on the X platform. Alongside a chart depicting net Reverse Repurchase Agreement (RRP) and Treasury General Account (TGA) balance changes, the message specifically referred to Treasury Secretary Janet Yellen as “Bad Gurl Yellen.” In the statement, Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant…
Blast network hits $400M TVL, rebuts claim that it’s too centralized
The Blast team responded to claims that its multisignature upgrade functionality makes it too centralized. Source: https://cointelegraph.com/public/index.php/news/blast-network-hits-400-million-tvl-rebuts-centralization-claims
Azuki DAO rebrands to ‘Bean’ as it drops lawsuit against founder
Azuki DAO, an unofficial community decentralized autonomous organization surrounding the namesake nonfungible token collection, has announced its rebranding to “Bean” as it drops a proposed lawsuit against the NFT collection’s founder, Zagabond, over a $39 million minting affair. In a statement sent to Cointelegraph, Azuki developers said the DAO will rebrand into a memecoin project and become part of the…
Nigeria’s Patricia Technologies relieved as arrest made in crypto wallet heist
The Nigeria Police Force (NPF) said it has arrested one politician, Ambassador Wilfred Bonse, concerning the theft of over $246,153 (200 million naira) from Patricia Technologies’ crypto wallet. The disclosure was made by ACP Olumuyiwa Adejobi, the Force Public Relations Officer, in a statement issued on Friday. It was reported that Bonse assisted hackers in laundering $61,538 (50 million naira)…
CZ challenges US gov’t attempt to restrict travel before sentencing
Former Binance CEO Changpeng “CZ” Zhao has opposed the United States government’s efforts to block his return to the United Arab Emirates (UAE) to be with his family while awaiting sentencing following his guilty plea. In a court filing on November 23, Zhao’s lawyers argued that he should be allowed to leave the U.S. to return to the UAE, until…
Crypto documentary ‘Bull Run’ takes on Bitcoin, tokenization and trading addiction
“Bull Run” explores one director’s obsession with trading cryptocurrencies during the bull market and how it led her to create a tokenized crypto documentary. Source: https://cointelegraph.com/public/index.php/news/crypto-documentary-bull-run-bitcoin-tokenization-trading-addiction