DUBAI (Reuters) - Hopes are fading that Iranian President Ebrahim Raisi and his foreign minister have survived a helicopter crash in mountainous terrain and icy weather, an Iranian official said on Monday (May 20) after search teams located the wreckage. "President Raisi's helicopter was completely burned in the crash. Unfortunately, all passengers are feared dead," the...
zkSync tweeted about plans to hand over governance to the community next month, suggesting that a token airdrop is imminent. Ethereum-based zero-knowledge (ZK) solution zkSync hinted at a token distribution after developers ship the protocol’s upcoming v24 release expected by the end of June. The project taps ZK cryptographic technology to scale Ethereum’s (ETH) blockchain, and offer users affordable...
Solana proved to be the fastest among major blockchains, according to a report by CoinGecko. The report states that on April 6, the average daily number of transactions per second (TPS) reached a record high of 1,504 amid the boom of meme coins on Solana. “This makes Solana 46 times faster than Ethereum and more than five times faster than Polygon, which...
Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up to 60% returns within three months through a non-existent cryptocurrency digital wallet. Instead of fulfilling these promises, he...
The AMF, a French Financial Market Authority, has blocked user access to the Bybit website. The French Financial Market Authority (AMF) has blocked access to Bybit’s website, citing unauthorized operations in France. According to the AMF’s latest statement, Bybit crypto exchange is not authorized to provide digital asset services in France. The regulatory body mandates that digital asset...
Solana-based decentralized exchange, the Drift Foundation, announced the release of its new DRIFT token and the start of airdrop claims. According to the foundation, the airdrop includes 120 million tokens, constituting 12% of the total 1 billion DRIFT supply. The allocation includes an additional 2% bonus of 20 million tokens, surpassing the quantity initially planned for last month’s airdrop. Cindy...
Recommendations from crypto influencers lead to losses, scientists from three universities said. According to Chinese journalist Colin Wu, the average accumulated return on positions opened based on signals from crypto influencers in X after 10 and 30 days decreased by 2.24% and 6.53%, respectively. Representatives of Indiana University, Harvard Business School, and Texas A&M University cite these...
The U.S. Senate passed a measure to overturn an SEC bulletin on crypto custody standards, and it is now awaiting President Joe Biden’s expected veto. The Senate’s vote on Thursday ended with a 60 to 38 majority, falling short of the two-thirds needed to override a veto. Several Democrats supported the resolution, including Senate Majority Leader Chuck Schumer...
Tornado Cash developer Alexey Pertsev has reportedly appealed a guilty verdict in the Netherlands, a case that has sparked a wider discourse crypto privacy. Pertsev and his legal team, led by lawyer Keith Cheng, reportedly submitted an appeal against the 64-month sentence for allegedly facilitating over $2.2 billion in money laundering through the Ethereum-powered crypto mixer,...
REMBAU: The Undang Luak of Rembau, Datuk Lela Maharaja Datuk Muhamad Sharip Othman was laid to rest in the Kampung Mungkal Sepri Cemetery here at 7.20pm on Wednesday (May 15). His body was bathed and shrouded at around 1pm Wednesday at the surau of his official residence here, after which final respects were paid by dignitaries...
