Search results by “bit”
The sentence in the case of Lee Jung-hoon, former chairman of the Bithumb crypto exchange, is set to be announced on December 20. Jung-hoon is facing up to eight years in prison for fraud charges if found guilty. Jung-hoon is accused of damaging in the amount of $70 million the cosmetic surgery firm BK Group, […]
In September 2021, the government of El Salvador and its president Nayib Bukele, who is known for being an enthusiastic crypto proponent, made the news after introducing Bitcoin as a legal tender in the Central American country. However, according to a new survey conducted by the José Simeón Cañas Central American University, citizens of El […]
Offchain Labs, the company behind the Ethereum layer 2 solution Arbitrum, announced that it has acquired Prysmatic Labs, one of the key companies in charge of Ethereum’s maintenance and upgrades. This acquisition further strengthens Offchain’s importance in the Ethereum ecosystem. According to DeFi Llama, Arbitrum is already the most popular rollup solution based on total […]
The U.S. Treasury Department has fined the crypto exchange Bittrex based in Washington for a total of $53 million – the largest crypto fine issued by this institution so far. According to the Treasury, Bittrex has violated the U.S. sanction restrictions by allowing users from Cuba, Iran, Sudan, Syria, and Ukraine’s Crimea region to use […]
Lido Finance has launched its staking service on layer-2 platforms, Arbitrum and Optimism. The aim of the deployment is to make Lido’s service accessible to a larger number of users and to reduce the gas fees involved. Lido Finance is offering liquid staking, the kind of Ethereum staking that allows users to withdraw the staked […]
What was supposed to be the most expensive deal in the crypto industry has in the meantime transformed into something ugly. Last month, Galaxy Digital, a crypto investment firm, pulled out of its $1.2 billion acquisition of the crypto custodian BitGo. Now, BitGo is pressing charges against its would-be buyer. Galaxy Digital terminated the acquisition […]
Blue Safari Group SPAC has once again delayed its merge with the Bitcoin mining company, Bitdeer. SPACs, or special purpose acquisition companies, are created with the purpose of raising capital and taking other companies public through a merger or acquisition. Valued at $4 billion, Bitdeer was already supposed to go public following the merger with […]
Last week, the YouTuber, Ben Armstrong (a.k.a BitBoy Crypto), filed a lawsuit against another popular YouTuber, Erling Menghsoel Jr. (a.k.a. Atozy), accusing him of defamation. Now, BitBoy is dropping charges. To remind the readers, Atozy has condemned BitBoy’s paid promotion of certain crypto products and services, that have tanked after his praises. BitBoy has a […]
In a zero-day attack, attackers have compromised Bitcoin ATMs manufactured by General Bytes. The ATM’s software was hacked so as to transfer funds to the hackers’ wallets instead. There’s still no information in regard to the amount that was stolen or the number of hit ATMs. General Bytes has since patched the fix, while warning […]
One of the most popular crypto influencers on YouTube, Ben Armstrong (a.k.a. BitBoy Crypto) is pressing charges against another Youtuber, Erling Mengshoel Jr. (a.k.a. Atozy). BitBoy claims that Atozy has made a series of defamatory statements in this video. Among other things, Atozy said in the video that BitBoy is a fraudulent influencer, who is […]
