Last week, a predominantly bullish trend occurred among the sector’s top cryptocurrencies, primarily attributed to a rise in the price of Bitcoin (BTC). Altcoins such as Shiba Inu (SHIB) and ORDI (ORDI) experienced substantial gains, riding on Bitcoin’s momentum. The upsurge observed in the market culminated in a 4.3% increase in the global crypto market capitalization, which...
Three blockchain specialists scored venture capital this week — a bullish indicator that, perhaps, investors are once again warming up to the web3 sector. Peaq On March 27, Peaq — a layer-1 (L1) blockchain designed specifically for decentralized physical infrastructure networks (DePINs) — announced a successful Series A funding round, raising $15 million. Generative Ventures and Borderless Capital led the effort, with...
Merkle Manufactory, the brains behind the Farcaster network, is reportedly on the brink of securing a major funding round that values the company at approximately $1 billion. This development, first reported by Bloomberg, is a significant milestone for the Los Angeles-based firm. Former Coinbase executives Dan Romero and Varun Srinivasan co-founded the company in 2020. Now, it is poised to hit...
“By no stretch can Mr. Storm be deemed to have conspired to launder funds,” Storm’s attorneys argued in a March 29 filing with the U.S. District Court for the Southern District of New York. Storm’s lawyers claimed that Tornado Cash “became immutable” and made publicly available before being used by the hacker groups sanctioned by the U.S. Department...
Last week saw significant legal developments across the cryptocurrency sector, including Sam Bankman-Fried’s sentencing, regulators’ demanding $2 billion from Ripple, and an indictment against KuCoin. Concurrently, Bitcoin (BTC) reclaimed $70,000 as spot BTC ETFs recorded inflows. FTX founder sentenced to 25 years FTX founder Sam Bankman-Fried received a 25-year sentence in prison. Shortly before the sentencing, the U.S. Department...
The Telegram messenger has unveiled a new revenue sharing system that allows channels’ owners to get 50% of revenue from ads displayed on their channels. In a blog post on Mar. 31, Telegram announced the launch of a new revenue sharing program that aims to bolster its platform’s appeal to content creators. Described as the “most generous reward systems in the...
BEIJING (SCMP): A top table tennis player in China who was accused of losing an international match in Singapore because he attended a Taylor Swift concert has defended himself by saying he is just an ordinary young man with hobbies. Fan Zhendong, 27, a former world No 1 ping pong champion, was defeated by his teammate...
SINGAPORE (Bernama): Around 1.5 tonne of illegally imported fresh produce and processed food from Malaysia has been seized by the Singapore Food Agency (SFA) after a joint operation with the Immigration and Checkpoints Authority (ICA) earlier this week. SFA and ICA in a joint statement said the operation was conducted from March 25 to 26 on...
Sydney, March 26, 2024 (AFP) - Australian police has announced said no action would be taken against Taylor Swift's father -- nicknamed "Papa Swift" by her adoring fans -- for allegedly punching a photographer while disembarking a Sydney superyacht during her Eras Tour. Veteran photographer Ben McDonald claimed late February that he had been taking pictures...
PeckShield analysts reported a security incident with the Ethena Labs project on March 29. Experts say the vulnerability underlying the exploit is still unknown. According to PeckShield, it resulted in the loss of 480 BNB, equivalent to around $290,000 at the time of writing. In a comment to the post, X users suggested that the incident was...
