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“This proposal involves a legendary sports franchise and a household name in one of the major four American professional sports leagues – the NFL, NBA, NHL, and MLB,” Kwon said on Tuesday. “For legal reasons, we cannot reveal the identity of the franchise until after the voting period has concluded,
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The reserves of Terra-based lending and borrowing protocol Anchor, which offers a supposedly industry-beating benchmark deposit rate of around 20%, are sliding fast as a result of the crypto market crash.Data provided by Terra.Engineer shows reserves have slumped by half to 35 million UST – that's Terra's native U.S. dollar-pegged
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The U.S. Department of Justice (DoJ) has indicted Project Investors Inc. (also known as Cryptsy) CEO and founder Paul Vernon for stealing $1 million from wallets that the now-defunct crypto exchange controlled, the agency announced Wednesday.In a 17-count indictment that was unsealed in federal court in Miami, the DOJ charged
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“It's important that Ronin has shared ownership by the community that builds and uses it. In the first month of Ronin, Axie experienced a 300% increase in monthly NFT trading volume and a 131% increase in daily active battlers,” said Jeff Zirlin, Sky Mavis growth lead and co-founder. Source
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Following one of the most tumultuous 48 hours in recent crypto history, DeFi’s most freewheeling act is showing signs that it may be coming to an end.On Thursday morning, popular on-chain analyst zachxbt revealed in a Twitter thread that 0xSifu, the pseudonymous treasury manager for decentralized finance (DeFi) project Wonderland,
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Pavel Durov, founder of the messaging app Telegram, has criticized Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Such move would stifle high-tech development and chase away blockchain specialists, Durov says. Durov Speaks Out Against Bank of Russia Push for Crypto Ban The cryptocurrency
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Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, reportedly called out regulators to create a single framework for digital assets in the Asian Financial Forum, an event organized by Hong Kong's government to highlight new opportunities within the region's economic landscape.The businessman pointed out that instead of focusing on
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“As alleged, Sproule and Crowd Machine misled investors about how they were using ICO proceeds, spending funds on an entirely unrelated scheme,” Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit said in the statement. “We will continue to hold accountable issuers of digital asset securities who fail to
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The co-founder and managing partner of Nexo, a major cryptocurrency lender, has predicted that the price of bitcoin will be $100K by mid-2022. He highlighted “two simple reasons” why he is bullish about the price of bitcoin this year. Bitcoin Expected to Reach $100K by Mid-Year Antoni Trenchev, the co-founder and managing
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Q: Of the many ups and downs, CoinEx has gone through in the past four years, what was the most complicated challenge? How did you meet it? Haipo Yang： Feeling lost was the most complicated challenge we had. We struggled to find the answers to many questions, including: What kind of
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