Summary: Three Arrows Capital’s Su Zhu and Kyle Davies wanted to buy a Yacht worth $50 million, per reports. The supposedly all-white luxury boat was to onboard the name “Much Wow”. a nod to popular meme cryptocurrency Dogecoin. 3AC filed for bankruptcy the same month Much Wow was set to...
Binance has received approval from Kazakhstan’s financial regulator to operate in the Astana International Financial Centre. The exchange still has more in the application process to complete, which it expects to do in due course. Founder and CEO Changpeng Zhao had previously met the country’s President to discuss regulation. Binance...
Microstrategy’s Former CEO Michael Saylor pointed out in a recent interview for Stansberry Research that he would rather win in a volatile fashion than lose slowly. Saylor continues to say that the volatility will only impact short-term investors and public companies. Bitcoin has outperformed every single company on the stock...
Summary: A suspected developer of crypto mixing service Tornado Cash has been arrested in the Netherlands. The individual was reprimanded by the Dutch Fiscal Information and Investigation Service on Wednesday. Authorities claim the unnamed suspect was involved in money laundering activities through the mixing service. The arrest happened shortly after...
Binance has frozen $450,000 of stolen funds from the Curve Finance front-end exploit. FixedFloat had also frozen about $200,000 in funds. The exploit was quickly patched by the team, limiting the damage. There has been an update from the front-end hack incident of Curve Finance, with Binance seizing $450,000 of...
Summary: Ankr protocol has received fresh capital from Binance Labs, Binance’s venture capital arm. The exact amount invested remains undisclosed at press time. The pair previously collaborated to build out key infrastructure for the BNB Chain. Ankr provides support by delivering DeFi composability to BNB Liquid Staking as well. Zhao’s...
Mark Cuban has been sued for an alleged role in promoting Voyager Digital. The lawsuit alleges that Cuban made multiple statements that were proof of his role in promoting what the filing calls a Ponzi scheme. Voyager CEO and co-founder Stephen Ehrlich is also a defendant. Billionaire entrepreneur Mark Cuban...
TL;DR San Francisco-based company Ripple Labs Inc is potentially interested in purchasing assets of bankrupt Crypto Lender: Celsius. Ripple is actively looking for market opportunities to “strategically scale the company,” according to Ripple’s spokesperson. The company was sued by the U.S. Securities and Exchange Commission in 2020 over $XRP token....
Summary: U.S. Inflation numbers were released on Wednesday, triggering a move in the price of crypto assets. Consumer Price Index data stood at 8.5% for July 2022. The numbers fell from the 9.1% level reported in June. It’s also the first time U.S. Inflation numbers have dipped since April 2022....
CEL holders are attempting to fight off short positions and pull off a short squeeze. The token has rallied to $1.89 at the publishing, spiking noticeably over the past few days. A Canadian regulator is also reportedly investigating the company. There is more drama ensuing regarding Celsius Network as holders...
Magic Eden submits a proposal to launch the “ApecoinDAO” NFT marketplace The marketplace intends to provide utility to Apecoin holders by building a custom marketplace to trade and purchase NFTs. Leading Solana NFT marketplace Magic Eden has submitted a proposal to the ApecoinDAO to build a special NFT marketplace for...
