In an unprecedented legal maneuver, the Southern District of New York Bankruptcy Court has sanctioned Celsius Network’s unconventional approach to serving legal notices through non-fungible token (NFT) airdrops. As the cryptocurrency platform grapples with insolvency, it is embroiled in the complex task of recovering assets allegedly misappropriated through fraudulent digital transfers. With traditional methods of
Crypto
On November 21, 2023, Sui Network, a prominent Layer 1 blockchain, found itself thrust into the spotlight due to a significant operational disruption. The network experienced an unsettling period of downtime that lasted approximately two hours, during which it was unable to produce blocks. This substantial hiccup raised alarms in the crypto community, given the
The vibrant Shiba Inu (SHIB) community is unfortunately becoming a fertile ground for scams as fraudsters take advantage of its active user base. Scammers, often pretending to be developers of the popular meme coin, are promoting counterfeit tokens that claim to be endorsed by recognized figures within the project. This has raised significant concern about
In a bold move, Binance recently unveiled its new token, BFUSD, which has already ignited discussions and speculations within the cryptocurrency community. Debuting with a staggering 19.55% annual percentage yield (APY), BFUSD has been positioned as a potential alternative to traditional stablecoins. This aggressive yield is designed to entice users, promising daily rewards without the
Heather Morgan, famously known by her stage name “Razzlekhan,” has become an emblematic figure in the realm of cryptocurrency crime, now facing a substantial 18-month prison sentence. This comes after her guilty plea in a conspiracy related to the notorious 2016 Bitfinex hack, in which approximately 120,000 Bitcoin were stolen. Morgan’s case shines a harsh
In an intriguing development, Brian Armstrong, the CEO of Coinbase, is poised to engage in a private conversation with charismatic President-elect Donald Trump. This meeting, orchestrated by Trump’s transition team, has raised eyebrows and kindled hopes within the cryptocurrency community, as it may set the groundwork for pivotal appointments that could steer the future of
In a surprising twist within the cryptocurrency space, Cardano’s founder, Charles Hoskinson, engaged in dialogues with Ripple’s leadership, casting a spotlight on the possible collaborative pathways between two seemingly rival ecosystems. The conversations, particularly one with Ripple CEO Brad Garlinghouse, have ignited speculation about potential partnerships that could lead to a more unified approach within
In the rapidly evolving world of cryptocurrency, few stories capture the imagination quite like that of Bonk (BONK), a meme coin making headlines with its meteoric rise in value. As of Monday, Bonk’s price settled at $0.000049 after a staggering 14-day climb culminating in an all-time high of $0.000055. This dramatic ascent has sparked excitement
In a significant maneuver aimed at bolstering its cryptocurrency portfolio, Japanese company Metaplanet, which trades on the Tokyo Stock Exchange, has disclosed its plan to issue debt amounting to 1.75 billion yen—approximately $11.3 million. This announcement was made during a Board of Directors meeting on November 18th and marks a pivotal strategy to enhance the
The Solana network has recently achieved a remarkable milestone that underscores its growing prominence in the decentralized finance (DeFi) sector. For the first time, the monthly trading volume across Solana’s decentralized exchanges (DEXs) has surpassed an impressive $70 billion. This unprecedented surge reflects a consistent pattern of elevated trading activity, wherein daily transactions have consistently