BlockFi To Give California Users $100K Refund
Customers in California will receive reimbursements from BlockFi, according to a report from state authorities on March 27. According to the California Department of Financial Protection and Innovation (DFPI), after a court’s approval, eligible consumers will receive refunds from BlockFi totaling more than $100,000. The regulator said that BlockFi failed to promptly notify clients that […]
About $850M leaves Binance prior to CFTC charge
Before Binance and its CEO Changpeng Zhao were charged with regulatory infractions by the United States Commodities Futures Trading Commission (CFTC), about a billion dollars in cryptocurrency left the platform’s wallets. Several hours before the Binance-CFTC indictment, which occurred at 3 p.m. UTC on Monday, March 27 according to Thanefield Capital’s data investigation, an unusually […]
THORChain halts network due to potential vulnerability
THORChain, a Cross-chain liquidity platform has once again halted its network, as a precautionary measure to new reports of a possible network vulnerability. THORChain announced through Twitter on March 28 that it has paused all trade due to reports of a potential vulnerability with a THORChain dependency that could harm the network. THORChain stated that […]
Disney shuts down its metaverse division- Report
Entertainment giant Disney has reportedly scraped its metaverse division as part of a bigger restructuring strategy to reduce its operational expenses by $5.55 billion and lay off 7,000 employees over the course of two months. The Wall Street Journal (WSJ) published the news on Disney’s metaverse on March 28, citing “people familiar with the issue.” […]