Author: News Room

A UK Judge is freezing $7.6 million worth of computer scientist Crag Wright’s assets after he was ruled to not be Satoshi, the pseudonymous creator of Bitcoin (BTC). New court documents reveal that the judge has ordered a worldwide freeze of over £6 million worth of Wright’s assets as a means of preventing him from skirting court costs. According to the judge, Wright may move his assets to Singapore as a means of avoiding court costs. As stated in the court documents by the judge, “On Monday 18th March, Dr. Wright filed a form at Companies House in respect of…

Vitalik Buterin, the co-founder of the Ethereum network, believes meme coins can become higher quality projects that contribute positively to the crypto ecosystem and the world around them, squashing the narrative that such tokens are useless, racist, and sexist. According to a new report titled “What Else Could Meme Coins Be?,” Buterin looks forward to seeing meme coin projects that support public goods instead of enriching insiders and creators. He urged creators to make games instead of just tokens. Meme Coins Can Be More The Ethereum founder cited a report he wrote ten years ago and published on Bitcoin Magazine,…

Charles Edwards, founder of the Bitcoin and digital asset hedge fund Capriole Investments, published a detailed examination of Bitcoin’s current market phase suggesting a bullish trajectory, potentially reaching the $100,000 mark. The analysis hinges on the identification of a Wyckoff ‘Sign of Strength’ (SOS), a concept derived from the century-old Wyckoff Method that studies supply and demand dynamics to forecast price movements. Understanding The Wyckoff ‘SOS’: Bitcoin To $100,000? The Wyckoff Method, developed by Richard D. Wyckoff, is a framework for understanding market structures and predicting future price movements through the analysis of price action, volume, and time. The ‘Sign…

In a move set to transform the landscape of cross-chain trading, deBridge has announced the integration of Jito Bundles into its platform. This innovative step promises to revolutionize the efficiency of bridging to exotic assets on the blockchain. Moreover, it will offer traders unprecedented opportunities and flexibility. 1/ Get to anything on @Solana in seconds at the best ratesThanks to our new integration with @jito_labs, better pricing on exotic assets like memecoins means you can now skip a step and bridge directly to anything on Solana 🧵 pic.twitter.com/bwYkJLswcr — deBridge (@deBridgeFinance) March 29, 2024 Jito Empowers Market Makers with Seamless…

Centrifuge, a platform for on-chain finance that’s taking the lead in the tokenized real-world assets ecosystem, has announced the first RWA transaction on Celo. The platform revealed via a blog post on March 29 that the Celo ecosystem had allocated $1 million in US Treasuries on Centrifuge. According to the announcement, members from the Celo ecosystem allocated the investment into the Anemoy Liquid Treasury Fund. Anemoy, is a Web3-native asset manager whose LTF is a British Virgin Islands (BVI) licensed US Treasury fund. The fund has seen increased investor interest in recent months as investors eye low-risk yield. “The Celo…

Binance Launchpool, the world’s largest cryptocurrency exchange, announced the 50th project on its platform. Binance stated that the new Launchpool project is Ethena (ENA). “Binance is excited to announce that Ethena (ENA), a synthetic dollar protocol, is the 50th project on the Binance Launchpool. It is estimated that the web page will be ready 5 hours before Launchpool starts. Users will be able to stake their BNB and FDUSD in separate pools to collect ENA tokens for farming over three days, starting 30.03.2024 00:00 (UTC). Binance will then list ENA on 02.04.2024 at 08:00 (UTC). It will begin trading with…

Coinbase notched a partial win — and a partial loss — in a judgment from Judge Katherine Polk Failla in the Securities and Exchange Commission’s case against the crypto exchange on Wednesday. The denial wasn’t unexpected, as even Paul Grewal, Coinbase’s chief legal officer, noted that the team “[was] prepared” for this type of decision. The SEC’s legal fight with Coinbase officially began last June when the securities regulator first filed suit. Gary Gensler’s SEC is alleging that Coinbase operated as an unregistered exchange, broker and clearing agency. Additionally, the SEC targeted both its staking-as-a-service program and its wallet offering.…

Judge James Mellor ordered a worldwide freeze on 6 million British pounds of Craig Wright’s assets. In a court case brought by COPA, Mellor found earlier this month that Wright was not Satoshi Nakamoto, the inventor of Bitcoin. The judge ruled there was a risk Wright would move his assets offshore to avoid paying costs related to the case. A U.K. judge imposed a worldwide freezing order on 6 million British pounds ($7.6 million) of Craig Wright’s assets to prevent him moving them offshore and evading costs arising from a court case that found he was not, as he’d claimed,…

Prisma Finance (PRISMA) attracted attention as it paused the protocol after an $11.6 million, around 3,257 Ethereum (ETH) tokens, hack on Thursday. Meanwhile, the latest transfer of assets worth $2.6M seems to added intricacy to the continuing investigations. PeckShield revealed the attacker made several transactions following the hack. The first transfer involved $2,702,091 (756.69 ETH) to an initial wallet before the $2,638,996 (740 ETH) move to a Tornado Cash-associated address. Here is the latest whereabouts of stolen $11.6m funds from @PrismaFi https://t.co/sCzUy37Hpa pic.twitter.com/aRsQ1og1eD — PeckShieldAlert (@PeckShieldAlert) March 28, 2024 Meanwhile, these transactions catalyzed skepticism within the decentralized finance (DeFi) sector,…

Nifty Island, an Ethereum blockchain game built around user-generated content, announced Friday that it’s launching a two-part speedrunning challenge around a new play mode called “Break the Targets”—and both level creators and players can earn NFT rewards for getting involved. Over the weekend, level creators can design their own unique courses around the play mode, giving players courses in which they can try to maximize their run while shooting targets. The top three “most creative courses” will be chosen by a community team for players to then try to set record times while playing. “Builders and speedrunners, this is your…