Fantom Foundation Secures Default Judgment Against Multichain
The High Court of Singapore has ruled in favor of the Fantom (FTM) Foundation in a major legal dispute over the Multichain cross-chain protocol. In order for Fantom Foundation to recoup the $122 million it lost during the Multichain Fantom bridge exploit in July 2023, the court’s default judgment permits the liquidation of Multichain Foundation’s […]
Fetch.ai Invests $100M in ‘Fetch Compute’ Program for GPU Rewards
Fetch.ai, a Cosmos-based crypto-artificial intelligence project, is investing $100 million in Fetch Compute infrastructure program to provide GPU credits to its users and enhance the tools, computing capacity, and training capabilities available to developers. With funding from the Fetchi.AI ecosystem fund, Fetch Compute will implement Nvidia H200, H100, and A100 GPUs to create a platform […]
Tether Bans Four Addresses Holding Over $20m in USDT
Tether, the company that issues USDT, has added more addresses to its blacklist following its declaration to combat the unauthorized usage of stablecoins. Blockchain forensic company PeckShield disclosed on March 5 in an X post that Tether, the stablecoin issuer, has blocked four more addresses containing $21.2 million in USDT together. The post claimed that […]
Bitcoin ETFs Net Inflow Surpasses $500M
On March 4, United States-based spot Bitcoin exchange-traded funds (ETFs) received $562 million in net inflows as the BTC price surpassed $68,000 and approached its all-time high of approximately $69,000. Despite outflows from several minor participants and the Grayscale Bitcoin Trust (GBTC), inflows occurred on March 4. The day saw $368 million in outflows from […]
Do Kwon Wins Extradition Case Against US
The Appellate Court of Montenegro has once more reversed an earlier ruling by a subordinate court that had ordered the executive’s extradition of Terra’s founder, Do Kwon, to the United States. Officially, on March 5, the Appellate Court of Montenegro rendered a decision nullifying the High Court of Podgorica’s decree that had approved Kwon’s extradition to […]