The battle for market share in the non-fungible token (NFT) marketplace is heating up, as leading marketplace OpenSea announced Friday that it is temporarily eliminating its marketplace fee. OpenSea said in a…
Filecoin (FIL) Price Soars Ahead of FVM Launch on March 1
The Filecoin token (FIL) saw a sharp rise in price on Friday, according to data from CoinMarketCap. The surge in value was likely due to the upcoming launch of the Filecoin Virtual…
The Fall of Compute North: A Reminder of the Risks of Crypto Mining
The once-mighty Compute North, one of the largest crypto mining services firms in North America, has been effectively reduced to a shadow of its former self after a federal judge approved its…
Exploring the Potential of Web3 Technology: Sony Network Communications Launches Incubation Program
Sony Network Communications, a business division of The Sony Group, is taking a step into the world of Web3 technology with the launch of a new incubation program. The program, which is…
Celsius Network LLC Reveals Insufficient Record Keeping Led to Unrecorded Transactions
Celsius Network LLC, a bankrupt crypto lender, has revealed that its record keeping was insufficient to accurately reconstruct intercompany claims. In a statement filed on Thursday, the company admitted that there were…
FTX Digital Markets Ltd Accused of Commingling Corporate Funds with Client Money
FTX Digital Markets Ltd, the Bahamas arm of the collapsed crypto exchange, has been accused of commingling corporate funds with client money, according to a Feb. 8 document filed in a Bahamas…
SEC Investigation into Binance’s $400 Million Transfer to Merit Peak
Crypto exchange Binance has recently come under scrutiny after Reuters reported that the company moved around $400 million in funds from Binance US’s Silvergate Bank account to a trading firm called Merit…
Mt. Gox Hack of 2014: Bitcoinica and MGIF Opt for Early Payout in Bitcoin, Sign of Confidence in the Market
The Mt. Gox crypto exchange hack of 2014 left many creditors waiting nearly a decade for a portion of their money back. Now, two of the biggest creditors of Mt. Gox have…
Auros Global Resolves Debt Restructuring on Blockchain-Based Lending Protocol
Crypto trading firm Auros Global has reached a resolution to restructure its distressed debt on blockchain-based lending protocol Maple Finance, its primary creditor, M11 Credit, announced on Wednesday. The firm had accrued…
Bitcoin Rockets to New Highs After 8% Surge
Bitcoin Rockets Past $24,000 After 8% Surge Bitcoin surged past $24,000 for the first time in two weeks, likely the result of a short squeeze that has historically sent prices higher. The…