After a long back-and-forth, the Terraform Labs co-founder, Do Kwon, may finally be handed over to South Korean authorities. The Appellate Court of Montenegro has confirmed the decision to extradite him back to his native country. This decision comes after Terraform Labs’ Chief Executive Officer, who was arrested alongside Kwon in Montenegro, was earlier supposed
Crypto
Following a period of continuous local lows, Bitcoin experienced a significant reversal in its price trajectory after the latest FOMC meeting. The cryptocurrency surged by over seven thousand dollars at one point, bringing relief to investors who were concerned about the recent downward spiral. While Bitcoin made a notable recovery, several altcoins actually outperformed the
Recently, the official Twitter account of hardware wallet manufacturer Trezor was compromised, leading to a series of fraudulent messages being posted. The breach was likely orchestrated through a SIM swap attack, as suggested by ZachXBT, an anonymous on-chain sleuth who first raised the alarm. This incident highlights the vulnerability of even well-known companies to sophisticated
Recently, XRP experienced a notable spike in its price, reaching an all-time high of $74 on the cryptocurrency platform Atlantis Exchange. However, this price surge was short-lived and was actually a result of a glitch on the platform. This isn’t the first time such a glitch has occurred, as a similar incident happened last year
The legal battle between Ripple and the SEC, which began in December 2020, is quickly approaching its climax with the trial scheduled for April 23. The dispute arose when the SEC accused Ripple of conducting an unregistered securities offering through the sale of XRP, raising over $1.3 billion in the process. Ripple has consistently maintained
Recently, a Federal High Court in Nigeria made a significant ruling that could potentially have far-reaching consequences for Binance, the world’s largest cryptocurrency exchange. The court ordered Binance to release comprehensive data of all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC). This move comes as part of a
NodeMonkes, a prominent NFT collection within the realm of Bitcoin, has experienced a remarkable surge in market capitalization, surpassing the well-known Bored Ape Yacht Club (BAYC) by over 50% in just 24 hours. CoinGecko data reveals a significant 53.3% increase in NodeMonkes’ floor price, propelling it to become the second-largest NFT collection in terms of
The cryptocurrency market is currently experiencing a significant downturn, with Bitcoin’s price plummeting by roughly $10,000 since its peak last Thursday when it reached nearly $74,000. This decline has also had a ripple effect on alternative coins, causing heavy losses across the board. The total crypto market cap has dropped to under $2.5 trillion, down
Recently, Cardano has faced scrutiny within the community, particularly regarding the progress of the Hydra project. The layer 2 scalability solution is aimed at enhancing transaction speed, reducing costs, and improving the overall functionality of the Cardano platform. Despite rumors circulating about the project’s potential demise, co-founder Charles Hoskinson has been quick to dismiss such
Bitcoin recently made headlines by hitting a new all-time high of over $73,500, only to experience a sharp drop to $65,000 shortly after. The cryptocurrency has since bounced back, currently trading at over $68,600. The volatility in Bitcoin’s price can be attributed to various factors, including the upcoming Federal Open Market Committee (FOMC) meeting and