Author - James Lim

Bitcoin could reach $100k by year-end, Komodo CTO

In an exclusive interview with Kadan Stadelmann, CTO of non-custodial wallet and atomic swap DEX platform Komodo, we discussed the implications that the upcoming halving might have on Bitcoin and the broader cryptocurrency market. The Bitcoin halving is almost here, and all eyes are on the flagship cryptocurrency. This key event will slash block rewards in half, affecting the premiere cryptocurrency’s supply...

India’s ED probe Bollywood star in $800m crypto ponzi scheme

India’s ED is investigating Raj Kundra in a $800m cryptocurrency Ponzi scheme, seizing assets and linking him to a failed Bitcoin mining project. The Enforcement Directorate (ED) is probing Raj Kundra, a prominent businessman and husband of Bollywood actress Shilpa Shetty, concerning a money laundering case linked to a cryptocurrency Ponzi scheme dubbed ‘Gain Bitcoin.’ Notably, Kundra is not the...

Pavel Durov reveals new Telegram blockchain features

The founder of the Telegram messenger, Pavel Durov, spoke about the future of the TON cryptocurrency. At the Token2049 conference in Dubai, Durov explained how ordinary Telegram users can use Toncoin (TON). Starting on April 19, the first payments in TON for advertising to Telegram channel administrators will begin. In addition, starting next week, users will be able...

US SEC hints at reason to pursue Justin Sun

In a new document, the U.S. SEC explained why it could pursue Tron Founder Justin Sun. In an amended complaint against Sun, the SEC claimed that his frequent visits to the United States gave rise to legal action. The Commission said in its updated complaint that Sun spent more than 380 days in the United States between 2017 and 2019. The...

Hedgey Finance hacked for $44.7m on Arbitrum, Ethereum

On-chain token infrastructure provider Hedgey Finance suffered two exploits as attackers leveraged a bug in its token claims contract. According to alerts from security startup Cyvers, Hedgey Finance was hacked on April 19 across the Ethereum (ETH) and Arbitrutm (ARB) blockchains. Cyvers reported that the first attack was deployed on ETH’s chain, and hackers stole around $1.9...

TON Foundation allocates 11m Toncoin to reward USDT users

The TON Foundation team announced the launch of an incentive program dedicated to cooperation with Tether. According to a recent post, 11 million Toncoin (TON) have been allocated to reward early USDT users in the TON network. The campaign aims to encourage the adoption of the stablecoin online. “USDt on TON will be accompanied by fully integrated...

Bitcoin ransomware defrauds over 250 companies for $42m

Federal Bureau of Investigation officials warn the public about the spread of Akira ransomware. According to an FBI statement, Akira Bitcoin (BTC) ransomware caused multi-million dollar losses to various companies and organizations in North America, Europe, and Australia. Malicious software gains access to enterprise infrastructure through a VPN, accessing software without multi-factor authentication. Akira then steals confidential data and...

Grayscale’s Bitcoin ETF hits $1.6b outflows hours before halving

Grayscale’s spot Bitcoin ETF continued a five-day outflow sprint leading to the halving, a code change that occurs every four years to help maintain BTC scarcity. Data gathered by SoSoValue showed $89.9 million in Grayscale exits, bringing GBTC’s total net outflows to $1.6 billion since trading opened back in January. For all 10 spot Bitcoin (BTC) ETFs, cumulative outflows...

Binance converts assets of its SAFU insurance fund into Circle’s USDC

Crypto exchange Binance has made a notable reorganizational move for its billion-dollar SAFU insurance fund, with all the assets in it converting into the USDC stablecoin. Binance has announced a sudden update for its emergency insurance fund called SAFU, converting all of the assets in it — around $1 billion — into Circle’s stablecoin USD Coin...

Ex-Coinbase global expansion lead joins a16z-backed Matter Labs as president

Nana Murugesan, the ex-Coinbase executive responsible for international expansion, has joined Matter Labs as president to drive the growth of the zkSync technology. A former executive at Coinbase Global, Nana Murugesan, who was responsible for spearheading the exchange’s global expansion initiatives, has joined Matter Labs, the developer of the zkSync technology, as the inaugural president. In an interview with Bloomberg, Murugesan expressed his...