After a relentless struggle to weather the storm, Crypto lender Genesis Global has finally filed for Chapter 11 bankruptcy in the Southern District of New York, United States.
Author: qaasim
qaasim
Salaam Rasak entered the crypto space while completing his Masters degree and has continued to dig deep into Web3 space since then, writing articles related to Web3 and blockchain. He started working with Blockchain Journal in September 2022.
Against the backdrop of the rising attacks on several centralized and decentralized Web3 projects, Blockchain intelligence firm Chainalysis has reported that there is a significant drop in the amount of money ransomware attackers extorted from victims.
The Federal Bureau of Investigation (FBI) has descended on a Russian crypto exchange Bitzlato and have arrested and detained one of its founders Anatoly Legkodymov over an allegation of money laundering with an illegal marketplace Hydra as per a report.
Following the intense investigation leading to the uncovering of $5.5B FTX liquid assets, the troubled crypto exchange could liquidate or dump some of these tokens including $529M of FTT, $685M of Solana, among others.
Having recorded an upward trend for 14 consecutive days, the largest cryptocurrency by market cap Bitcoin (BTC) is set to break 10-year-old record if it could maintain the momentum as per a report.
In a new development, Crypto investment firm CoinFLEX and collapsed crypto hedge fund Three Arrow Capital (3AC) are planning to launch a new cryptocurrency exchange platform called GTX according to a leaked pitch deck on Jan. 16.
Following the hacking of the Harmony bridge exploit, leading crypto exchanges Binance and Huobi have successfully intercepted the hackers leading to the recovery of 124 Bitcoin (BTC) estimated to be worth around $2.5 million.
In a new development, the developers of the memecoin Shiba Inu (SHIB) have disclosed plans to launch Shibarium layer-2 blockchains that will run on top of the Ethereum mainnet according to a blog post.
The largest cryptocurrency by market capitalization Bitcoin (BTC) has continued to record significant price optimism following its multi-month highs as it is exchanging hands above $20,000 according to data from CoinMarketCap.
The United States Securities and Exchange Commission (SEC) has charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with offering unregistered securities through Gemini’s “Earn” program.