• Sep 02, 2024

UK Authorities Seize, Convert $144,000 of Bitcoin Stolen in Machete Home Invasion

Scottish prosecutors converted and seized almost $144,000 (£110,000) worth of Bitcoin from the “technical brains” behind a home invasion in which a crypto holder was threatened with a machete. John Ross Rennie was convicted in October 2023 after being found guilty of “reset relating to cryptocurrency,” relating to his indirect involvement in the robbery. The late-night robbery took place at the unnamed victim’s own home in the town of Blantyre, near Glasgow, in March 2020. Three men forced the u...

• Sep 02, 2024

'This Is Fucked Up': Detained Binance Exec Protests Treatment by Nigerian Court

Detained Binance executive Tigran Gambaryan protested his treatment by Nigerian authorities in a newly released video posted on Twitter. In the video, Gambaryan can be seen crying out in pain, pleading with a Nigerian guard for support, as he struggles to walk using a single crutch. “[The guard] was told not to help me,” Gambaryan asserted to cameras filming him, adding, “This is fucked up! Why can’t I use a goddamn wheelchair?” Binance CEO Richard Teng retweeted the video, stating that, "This...

• Sep 02, 2024

'This Is Fucked Up': Detained Binance Exec Protests Treatment by Nigerian Court

Detained Binance executive Tigran Gambaryan protested his treatment by Nigerian authorities in a newly released video posted on Twitter. In the video, Gambaryan can be seen crying out in pain, pleading with a Nigerian guard for support, as he struggles to walk using a single crutch. “[The guard] was told not to help me,” Gambaryan asserted to cameras filming him, adding, “This is fucked up! Why can’t I use a goddamn wheelchair?” Binance CEO Richard Teng retweeted the video, stating that, "This...

• Sep 02, 2024

Bitcoin Price Is Down, But Hash Rate Just Hit an All-Time High

Bitcoin’s price action might be dull lately—and dipping further so far today—but at least one metric is booming: the cryptocurrency’s hash rate.  The biggest digital coin’s hash rate today hit 742 exahashes per second (EH/s), according to Ycharts data. That’s an all-time high mark. This simply means the network is stronger than ever as every second, mining machines around the world tasked with keeping the Bitcoin network running are making 742 quintillion hash computations. This time last year,...

• Sep 02, 2024

‘World’s First Crypto-Themed Immersive Theater’ to Debut at Token2049

Token2049 Singapore will play host to a “world’s first” immersive theater experience from HashKey Capital, Aethir and CARV. Mystery thriller “Decode: Legacy” promises to explore the past decade and a half of crypto history through “iconic Web3 characters, solving puzzles and uncovering secrets,” in the setting of Singapore’s iconic Raffles Hotel. Crypto. Reimagined. ⏳Step into a world where the past, present, and future of crypto converge in one place and time. Decode: Legacy is coming to @toke...

• Sep 02, 2024

Terra-Linked Galois Capital Lost $40 Million on FTX—Now It Must Pay the SEC a Fine Too

Galois Capital, the crypto hedge fund that famously warned of the dangers around Terra's LUNA and UST ahead of their 2022 collapse, has been charged by the U.S. Securities and Exchange Commission for misleading investors and for not properly safeguarding customer funds. The firm, which shut down in early 2023 after being impacted by the downfall of crypto exchange FTX, has settled the charges and will pay the regulator a civil penalty of $225,000, which will be distributed to users. Galois lost...

• Sep 02, 2024

How Epoch Summit is ‘Changing the Paradigm’ of Crypto Events

New crypto conference Epoch Summit is set to showcase blockchain infrastructure in the Asia-Pacific (APAC) region—and “change the paradigm” of crypto events, said founder John Park. The conference launches with an Official Infra Day at Korea Blockchain Week in Seoul on September 5, with the full event spanning two days at Andaz Singapore, from September 16-17. Park, the CEO of blockchain infrastructure provider A41, told Decrypt that crypto conferences, “should be always about being forward-look...

• Sep 02, 2024

FBI Warns North Korean Cyber Crooks May Be Targeting Bitcoin ETF Companies

North Korean cybercriminals are stepping up their game and becoming more sophisticated in a bid to steal cryptocurrency—including conducting research on those connected to digital asset exchange-traded funds (ETFs), the FBI has warned. In a Tuesday announcement, the agency said that criminal actors from the closed-off state were now conducting "difficult-to-detect social engineering campaigns" against those working in the crypto sector, including those in the decentralized finance (DeFi) and ETF...

• Sep 02, 2024

Bitcoin Miner Riot Calls Out ‘Concerning’ Moves From Bitfarms Amid Attempted Takeover

Bitcoin mining giant Riot Platforms provided an investor update on Tuesday concerning its effort to take over Bitfarms, a smaller Canadian rival that’s been resisting the former’s attempted hostile takeover. Riot offered its views on recent shakeups with Bitfarms’ board of directors, including the resignations of co-founders Emiliano Grodzki and Nicolas Bonta in recent months, whom Riot had previously targeted for replacement. “While these changes represent a step in the right direction, they ha...

• Sep 02, 2024

ZKsync Maker Matter Labs Reveals Layoffs Amid Crowded Ethereum Scaling Market

Matter Labs, the company behind Ethereum scaling network ZKsync, announced on Tuesday that it laid off over 16% of its staff, in the latest contraction to shake up the crypto industry.  Alex Gluchowski, the company’s co-founder and CEO, announced the move publicly, calling it “the hardest change” he’s had to implement in Matter's six-year history. “Our market environment and business needs have changed significantly over the course of this year,” Gluchowski tweeted, explaining the decision. “We...