Dubai, United Arab Emirates, July 13th, 2023, Chainwire XBorg, the Web3 company developing a collaborative credential infrastructure that allows players to create their digital identity and enjoy tailored user experiences within enhanced gaming applications, sold out their $2 million seed round community allocation in record time. The funds will fa
CEL price takes another hit, US SEC files lawsuit against Celsius
Celsius is currently going through a Chapter 11 bankruptcy proceeding. Last week, the US CFTC found Celsius and Alex Mashinsky guilty of breaking several laws before Celsius collapsed in 2022. Alex Mashinsky has been arrested and will be arrayed in court on Friday. Celsius Network, a cryptocurrency lending company that collapsed in 2022, is the [&h
BNB Chain to undergo major hard fork to address blockchain exploit risks
Key takeaways BNB Chain is set to undergo its ZhangHeng upgrade later this month. The upgrade will address blockchain exploit risks, and no new BNB tokens will be issued. BNB Chain to undergo a major hard fork later this month BNB Chain, the blockchain of the Binance ecosystem, is set to undergo its “ZhangHeng” upgrade […]
Exclusive: Bitget’s proof of reserves sets record with a total reserve ratio of 223%
Bitget has been publishing verifiable data since December 2022. The recent proof of reserves shows USDC at a reserve ratio of 2604% The exchange’s reserve ratios have consistently exceeded 200% in the past seven months. Coinjounal can exclusively reveal that Bitget, a leading platform for copy trading and crypto derivatives, has released its monthl
Hedge Funds’ Long-Term Crypto Interest Remains Robust Even as Proportion Investing Drops: PwC
The proportion of traditional hedge funds investing in crypto assets declined in the past 12 months though the long-term outlook remains positive, according to a new report by Big Four accounting firm PricewaterhouseCoopers (PwC). The percentage of funds with crypto exposure fell to 29% from 37% in 2022, according to the Global Crypto Hedge Fund [&
Zero-Knowledge Rollup ZKM Sets Out to Make Ethereum ‘Universal Settlement Layer’
Zero-knowledge rollup ZKM has been unveiled out of incubation from the MetisDAO Foundation, saying it plans to make Ethereum the “universal settlement layer for all blockchain and non-blockchain applications.” With funding from the foundation that oversees development of Metis, a layer-2 Ethereum protocol, ZKM is developing a hybrid approach that c
More Tokenized Treasurys Arrive on Polygon as Digital Bond Market Expands
Ondo Finance, which already offers tokenized U.S. Treasurys on the Ethereum blockchain, expanded the product to the Polygon network. The company has issued its OUSG token, a tokenized version of BlackRock’s short-term U.S. government bond exchange-traded fund (ETF), natively on Polygon as part of a “strategic alliance,” according to a press release
Celsius Network’s Alex Mashinsky Arrested, Firm Sued by SEC, CFTC, FTC
Alex Mashinksy, co-founder and former CEO of insolvent crypto lender Celsius was arrested on Thursday following an investigation into the company’s collapse, according to a U.S. Department of Justice (DOJ) indictment. Mashinsky and others are charged with seven counts including securities fraud, commodities fraud, wire fraud and conspiracy to manip
No, Bitcoin Ordinals Do Not Inscribe Data Onto Sats
This is an opinion editorial by Bitcoms, a Bitcoin writer. “So quick bright things come to confusion” –William Shakespeare, “A Midsummer Night’s Dream” “Inscriptions” are a way of writing pieces of arbitrary information onto the Bitcoin blockchain. “Ordinals” are a convention used for tracking individual sats and linking them to inscriptions. This