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.” […]
Binance exchange launches new blockchain hub in Georgia
Binance is establishing a new blockchain hub in crypto-friendly Georgia as it continues to expand its worldwide presence and creation of job opportunities for people. On March 26, Binance announced the inauguration of its brand-new blockchain hub in Georgia, with the purpose of fostering the country’s crypto adoption. Binance, which refers to the center as […]
South Korean officials intensify efforts to arrest other Terra co-founders
Following the arrest of Terraform Labs co-founder Do Kwon in Montenegro, South Korean officials have intensified attempts to locate and arrest Shin Hyun-Seong, also known as Daniel Shin – Terra’s other co-founder. Since November 2022, South Korean authorities have suspected multiple Terra colleagues of aiding Do Kwon in promoting unstable and uncertain Terra (LUNA) and […]