In a groundbreaking decision, a Southern District of New York Bankruptcy Judge has sanctioned Celsius Network’s proposal to utilize non-fungible tokens (NFTs) for serving legal notices amid its ongoing bankruptcy proceedings. This innovative approach is particularly significant given the complexities associated with cryptocurrency transactions and the anonymity they often afford to users. Celsius is in
Crypto
In November 2019, the cryptocurrency sector was rocked by a significant incident—the theft of $50 million worth of Ethereum (ETH) from Upbit, one of South Korea’s leading cryptocurrency exchanges. As investigations unfolded, it became evident that this attack was not an isolated event but rather orchestrated by notorious North Korean hacking groups. The Lazarus and
On November 21st, the Sui Network experienced a significant disruption, halting transactions on its mainnet and leaving the blockchain inoperable for approximately two hours. This incident stemmed from a bug in the transaction scheduling logic that resulted in validator crashes. The core team behind Sui swiftly announced that operations were resumed, crediting the diligent efforts
The cryptocurrency market is a double-edged sword, combining untold possibilities for wealth creation with an alarming number of scams that prey on unsuspecting investors. The Shiba Inu (SHIB) community, known for its vibrant and active group of enthusiasts, is increasingly becoming a target for fraudsters exploiting its popularity. Recent reports emphasize the importance of vigilance
The recent announcement surrounding Binance’s new token, BFUSD, has captivated the cryptocurrency community, igniting a flurry of speculation about its potential. Launched with a promising annual percentage yield (APY) of 19.55%, BFUSD aims to carve out its niche as a high-yield alternative to traditional stablecoins. By allowing users to earn daily rewards simply by holding
Heather Morgan, famously known as “Razzlekhan,” offers a striking case study into the consequences of financial crime within the burgeoning cryptocurrency sector. Once celebrated for her unique take on rap music and her flamboyant persona, Morgan’s life has taken a dramatic turn: she has been sentenced to 18 months in prison for her involvement in
The evolving relationship between the cryptocurrency sector and political leadership has never been more dynamic. As the digital currency landscape grows in complexity, key figures within the industry are seeking to establish connections with those in power. One notable development is the anticipated private meeting between Brian Armstrong, CEO of Coinbase, and President-elect Donald Trump.
In a significant development within the cryptocurrency landscape, recent discussions between Charles Hoskinson, the founder of Cardano, and Brad Garlinghouse, CEO of Ripple, signify a potential thaw in their previously tumultuous relationship. This shift is noteworthy given the backdrop of past tensions, during which Hoskinson openly criticized parts of the XRP community. His recent remarks,
In the ever-evolving ecosystem of cryptocurrency, few narratives have garnered as much attention and excitement as that surrounding Bonk, a meme coin that has taken the community by storm. Following a remarkable price surge after hitting an all-time high, Bonk has become a focal point for both speculative investors and financial analysts alike. This article
In a noteworthy step aimed at expanding its presence in the cryptocurrency market, Tokyo-based investment firm Metaplanet recently announced a debt issuance focused solely on Bitcoin acquisitions. This decision, revealed during a Board of Directors meeting on November 18th, marks a significant move for the company as it seeks to strengthen its position in the