The crypto-focused conglomerate Digital Currency Group (DCG) published its annual report on February 27, 2022. The report covered the year 2022. The significant correction in the cryptocurrency industry, combined with the business’s restructuring of its Genesis loan platform, resulted in the company reporting a net loss of $1.1 billion. DCG’s revenue for the fourth quarter … Read more
With the failure of FTX and Alameda before the end of 2017, the cryptocurrency exchange known as Binance, which is currently the largest in terms of daily traded volume and total user base, is the subject of intense scrutiny. Crypto experts have found malicious transactions within the firm’s wallets, even though the company has published … Read more
The wildly successful Playboy Mansion will soon be available in Playboy’s Metaverse. Liz Suman, the lead of Playboy’s Web3 team, recently revealed (1) at NFT Paris that the “Playboy MetaMansion” will be available to users during the current year. Even individuals who are not a part of the magazine’s “Rabbitar” NFT-holding club will be … Read more
The Lotte Group, a multinational conglomerate based in South Korea, has teamed with Polygon to grow its business dealing in non-fungible tokens (NFT). Reports indicate that Lotto intends to employ widespread blockchain technology to launch its NFT operations onto the global market. Daehong Communications, which serves as Lotte’s marketing and NFT hub, has also supplied … Read more
The two individuals believed to have exploited the Platypus Protocol have been taken into custody by the French National Police. The police department confirmed the arrest after it was announced (1) on the official Twitter handle of the organization. The authorities did not reveal the names of the individuals or the charges that have since … Read more
Recent announcements by Huawei Cloud include the formation of the Metaverse and Web3 Partnership to increase the use of decentralized technologies in East Asian countries. This endeavor was completed with the collaboration of the cloud division of the Chinese multinational technology giant Huawei Cloud and several companies in the blockchain space. BlockChain Solutions, Deepbrain Chain, … Read more
Sam Bankman Fried, a crypto billionaire, is contesting allegations that two of his companies, FTX and Alameda Research, are integrating their venture capital investing activities. The companies in question are FTX and Alameda Research. The announcement, which was made public by Bloomberg, came just one day after Alameda co-CEO Sam Trabucco resigned from his position, … Read more
In a move that has never been seen before, Tether (USDT) has disregarded penalties imposed by the Office of Foreign Assets Control (OFAC). Because OFAC does not indicate “that a stablecoin issuer is expected to freeze secondary market addresses,” the organization has made the decision to go against the recommendations of OFAC. As a result, … Read more
According to an article, the arrested Tornado Cash developer has a history of ties to the Russian spy organization FSB. An study conducted by the intelligence firm Kharon uncovered that the creator of Tornado Cash, Alexey Pertsev, formerly worked for a company that the United States government blacklisted for its collaboration with the Russian Federal … Read more
Celsius, a defunct cryptocurrency lending company, based in New Jersey, has filed a countersuit against decentralized cryptocurrency lending platform KeyFi and the company’s CEO, Jason Stone. It asserts that KeyFi lost CEL, which was worth millions of dollars, due to negligence and dishonesty on the company’s part. The lawsuit filed by Celsius follows closely on … Read more