Author: News Room
Jian Wen was found guilty of money laundering by a London jury that couldn’t reach a decision on two other charges. Jian, who denied the allegations, was previously acquitted of other money laundering charges at a separate trial. A U.K. citizen was found guilty of laundering huge amounts of bitcoin (BTC) for a Chinese fugitive tied to an alleged $6 billion investment fraud, Bloomberg reported on Wednesday. Jian Wen, who denied the allegations, helped her former employer launder the funds between 2017 and 2022, a London jury found. The jury couldn’t reach a decision on two other charges. The 42-year-old…
Food-themed crypto game Super Sushi Samurai was exploited for approximately $4.6 million today, though it appears to have been a white-hat operation. The project’s token, SSS, contained a vulnerability within its contract that allowed for duplicating balances when making a transfer between the same ‘to’ and ‘from’ address. At the time of writing, the proceeds, 1,310 Wrapped Ether (WETH) worth $4.6 million, remain in the exploiter’s address. SSS exploited on blast for ~$4.8m pic.twitter.com/YpVLBYGqw7 — Spreek (@spreekaway) March 21, 2024 Read more: Ethereum’s Dencun causes ‘Blast’ layer 2 outage Super Sushi Samurai had gone live just hours earlier on Blast,…
The US Department of Justice (DOJ) has launched a major lawsuit against Apple Inc. This legal action accuses Apple of monopolizing the app market, hindering competition, and stifling innovation. The DOJ’s lawsuit against Apple could serve as a turning point. It has the potential to foster a more competitive and innovative digital marketplace, particularly for crypto apps. United States Fights Against Apple’s 30% Tax Filed on March 21 in a New Jersey federal court, the lawsuit is supported by 16 state attorney generals. It claims that Apple abuses its market dominance in smartphones to compel developers into using its payment…
After a series of back-and-forths regarding Do Kwon’s extradition, it appears that the Terraform Labs co-founder and former CEO may finally be handed over to South Korean authorities after the Appellate Court of Montenegro confirmed a previous decision to extradite him to his native country. Terraform Labs’ Chief Executive Officer, who was arrested in March 2023 with Kwon in Montenegro, was earlier ordered to be extradited to the US before the Appellate Court intervened. Do Kwon Loses Appeal Against Extradition to South Korea The Appellate Court of Montenegro, in an announcement on March 20, said it upheld an earlier March…
Samson Mow, Jan3 boss and a strong believer that Bitcoin will soon reach a $1 million price mark, has made an important comment about the current outflows registered by spot Bitcoin ETF providers. He has warned the cryptocurrency community about the future reverse of events that he expects to happen. Spot Bitcoin ETF facing massive outflows Over the past few days, spot-based Bitcoin exchange-traded funds have been seeing staggering outflows – an astounding $742 million within three days this week. Experts believe that these outflows were largely triggered by yet another massive withdrawal of Bitcoin from Grayscale Bitcoin Trust (GBTC),…
The creators of a popular Bitcoin Ordinals project called Runestone sent the original “parent” inscription—which they valued at 8 BTC, around $525,000 worth—to a wallet purported to belong to mythic Bitcoin creator Satoshi Nakamoto on Wednesday. The Runestone—Ordinals inscription 63,026,232, the largest inscription mined to date at around 4MB—was sent to the Satoshi wallet by project contributor and pseudonymous NFT historian, Leonidas. In a Twitter post, Leonidas feigned that the move was a mistake and that there was nothing he could do to get the Ordinals inscription back. But ultimately, the post was a joke that echoed an apparently very…
Leading American crypto exchange Coinbase is having issues again Wednesday—but while other recent instances were blamed on a surge in crypto trading activity amid Bitcoin’s rise to a new all-time high price, this wave of problems is being blamed on Base, the Ethereum scaling network that Coinbase itself incubated. “Due to network congestion on the Base network, transactions on Coinbase Wallet and Coinbase.com may experience intermittent failures,” Coinbase’s status page reads. “If your transaction is not confirmed by the network, please wait or submit your transaction again on Coinbase.com. We advise that Coinbase Wallet customers wait for congestion to resolve…
Two significant investors, known colloquially as “whales,” have made massive purchases of Pepe (PEPE) coins, totaling an astounding 560.2 billion coins. This development, highlighted by the cryptocurrency analytics platform Spot On Chain, has sparked a flurry of discussions and speculation about the popular meme coin. According to data shared by Spot On Chain, these purchases come as the price of PEPE saw a notable rebound, increasing approximately 11% in the last 24 hours. The substantial acquisitions by the whales coincide with this price rebound after the recent crypto crash, indicating a potentially strategic move to capitalize on fluctuating market conditions.…
Ethereum (ETH) price has been following the broader market cues, declining on the chart after hitting a multi-month high last week. The bigger question now is if ETH holders will be able to hold on to their assets or if they will succumb to the bearish woes. Ethereum Price to See a Further Decline? Ethereum price trading at $3,357 has failed in flipping the two-year-old resistance block into a support block. Even though the altcoin was successful in breaching the $3,582 to $3,829 range, it could not sustain above it for too long as ETH had already marked the market…
Coinbase is advising its customers to exercise patience following a series of transaction failures attributed to network congestion on the Base network. Coinbase Reports Transaction Failures Users of Coinbase Wallet and Coinbase.com have encountered intermittent disruptions. Indeed, some transactions are not being confirmed as expected. In response to these challenges, Coinbase has issued guidance. It suggested that users either wait for a resolution or attempt to resubmit their transactions on Coinbase.com. “We advise that Coinbase Wallet customers wait for congestion to resolve before submitting transactions on the Base network,” the company stated. This situation reflects the nature of blockchain networks,…