While FTX creditors decried unfair bankruptcy proceedings and decisions, the defunct crypto business offloaded a trove of Solana tokens at a massive discount. FTX’s estate, under bankruptcy administrators led by CEO John J. Ray III, traded 25-to-30 million Solana (SOL) coins well below market prices as the company tried to plug a $16 billion hole left...
Binance recently completed integrating 35 new decentralized applications into its web3 wallet. Popular platforms such as Aevo, Ambient Finance, and BAC Games have been added as new additions. The update allows users to directly access and interact with a wide range of decentralized applications (dApps) for various purposes, including gaming, finance, and trading, through the wallet. The Web3...
A solo miner mined a single block of Bitcoin and earned 6.36 BTC before the impending halving. On April 5, a solo miner with an equipment hashrate of 7 PH/s keyed block #837,814 into the blockchain of the first cryptocurrency. According to Mempool, the user received a total of 6.36 BTC, the equivalent of $422,750 at...
The volume of venture investments in the crypto industry reached $2 billion in the first quarter of this year. Crypto Koryo experts noted that the $2 billion figure broke a two-year downward trend and notched a 38% increase in investments compared to the fourth quarter of 2023. The number of transactions increased by 49% to 250. Although...
Ethena Labs’ synthetic dollar has surged to a $2 billion market cap less than two months after the protocol released its product on Ethereum’s public mainnet. Launched in February, the market cap of stablecoin USDe has grown over 147% in the last 30 days, per DefiLlama. CoinGecko categorizes the cryptocurrency as the fifth largest token in...
In a recent release, the Consumer Financial Protection Bureau warned about the emerging risks associated with crypto-focused gaming. The report, “Banking in Video Games and Virtual Worlds,” highlights the agency’s concerns over scams and diminished consumer protections in video games and virtual worlds. As the intersection of virtual gaming and cryptocurrency grows, the Consumer Financial Protection Bureau’s...
Seawater levels expected up to 5.7m during high-tide phenomenon from April 8, folk urged not to go out to sea COASTAL communities living along Port Klang are warned to stay vigilant and brace for high tides as well as potential flooding next week, with sea levels expected to reach up to 5.7m. According to Port Klang Fire...
SHAH ALAM: With an ailing husband and a school-going teenager to look after, Shahida Sudar is grateful for any help she gets during the fasting month, especially when it comes to receiving meals. So every time the MySaveFood @ Ramadan Bazaar pick-up truck stops at the Sri Melewar apartment here, the housewife will be among the...
GEORGE TOWN: Some 2.4 million vehicles are expected to travel in and out of Penang over the six-day Hari Raya Aidilfitri festive period starting Monday. Penang deputy police chief Deputy Comm Datuk Mohamed Usuf Jan Mohamad said this would be double the 1.3 million cars recorded on the North-South Expressway in Penang over the past six...
KUALA LUMPUR: Umno Youth chief Dr Muhamad Akmal Saleh is being investigated for sedition after two police reports were lodged against him, says the Inspector-General of Police. Tan Sri Razarudin Husain said Dr Muhamad Akmal was detained upon his arrival at Kota Kinabalu International Airport yesterday. “He was detained and taken to Kota Kinabalu police headquarters so...
