Terraform CEO Do Kwon Debunks $39.6 Million Crypto Freeze
Summary: Terra chief Do Kwon says he doesn’t trade crypto and none of his funds were frozen by South Korean prosecutors. Authorities confiscated some of Kwon’s crypto holdings worth $39.6…
$5 Million Ethereum Index Fund Debuted By Fidelity
Summary: Fidelity announced a new Ethereum index fund per details from a filing with the Securities and Exchange Commission. The mammoth asset manager boasts around $5 million in investments for…
European Parliament Passes Resolution on Crypto Tax and Blockchain Use To Make Tax Collection More Efficient
Members of the Parliament of the European Union passed a non-binding resolution that is related to the taxation of the crypto asset class and the use of blockchain tech to…
The Resignation Spree Continues: Celsius Network’s Co-founder And Chief Strategy Officer Quits Amid Bankruptcy Proceedings
Celsius Network’s co-founder Daniel Leon has resigned from the firm, Bloomberg reports Leon’s resignation comes days after the firm’s CEO, Alex Mahinsky, resigned from the company. Celsius is all set…
DogeCoin Surges 8% On News That Elon Musk Will Buy Twitter
Tesla Inc. Chief Executive Elon Musk is proposing to buy Twitter Inc. for $25 billion, or $54.20 a share, Bloomberg and other media outlets have reported. The proposal was submitted…
Bridgewater Associates Founder Ray Dalio Steps Down As The Firm’s CIO, Surrenders The Future Of The Firm To The “Younger Generation”
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has stepped down as the firm’s CIO, Bloomberg reports. On September 30, Dalio transferred all his voting rights…
How 3 DeFi Hackers Allegedly Stole Over $450,000 In Digital Assets Via Beeple’s Twitter
Summary: DeFi hackers exploited digital artist Beeple’s Twitter account back in May. The attackers deployed phishing links to unsuspecting users and stole over $450,000 in non fungible tokens and other…
Crypto Winter Cools Off Trading Activity For 12,100 Crypto Tokens
Summary: Cryptocurrency’s slump in 2022 has seen thousands of coins slow down in daily trading volume. On-chain analytics startup Nomics reported that more than 12,000 tokens have all but stalled…
Luna Price Drops 7% Despite Binance Burning $1.86M in LUNC
Binance has finished its first burn of Terra Classic (LUNC), burning about $1.86 million in USDT equivalent from trading fees collected from spot and margin trading pairs. Binance first announced…
Celsius Network Will Hold Its Final Asset Auction On This Date
Celsius Network is set to hold its final asset auction on October 17, 2022 FTX CEO Sam Bankman-Fried is reportedly mulling over buying Celsius Network assets next week. A recent…
Money Flowing Out Of Crypto Funds Is 666M Less Than Previous Quarter Indicating Bearish Investors Are Already Out: Bloomberg
According to data from Bloomberg, money flowing out of crypto exchange-traded funds has slowed down by 97% in Q3 compared to Q2. Investors pulled $17.6 million from crypto ETFs in…
What is SWEAT? A New Move-to-Earn Token by Mobile Fitness App Sweatcoin
SWEAT is a new cryptocurrency introduced by the move-to-earn platform Sweatcoin. Users can mint the token by simply banking their steps on the app every day. Best part is, it…
DOJ Joins Other Regulators in Objecting to Celsius’ Motion To Return Funds
The United States Department of Justice (DOJ) objected to Celsius’ motion to restart withdrawals for select customers and sell its stablecoin holdings. Other authorities in the United States have also…
Indian Crypto Exchange WazirX Lays Off 40% Of Its Staff Citing The Ongoing Crypto Winter: Report
Indian cryptocurrency exchange WazirX has reportedly laid off 40% of its staff, Coindesk report adds In a statement shared with the crypto news outlet, the exchange cites the prolonged crypto…
Cardano’s Founder Charles Hoskinson Picks On Solana’s Recent Network Outage On Twitter
Cardano founder Charles Hoskinson was seen making fun of Solana’s recent network outage. Solana went through another crypto network meltdown today, leading Hoskinson to mock its recent network performance. The…