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Hackers Steal $42 Million Worth of Crypto from Fenbushi Capital

Bo Shen is the founding personality behind Fenbushi Capital. The company has recently reported that its official digital wallet was hacked and subjected to theft. The estimated value of the stolen cryptocurrency is estimated somewhere around $42 million. The portfolio was based on a wide array of crypto assets. As per the official report, the … Read more

Coinbase’s Brian Armstrong and Binance’s Changpeng Zhao Endorse the Idea Shared by Ethereum Co-founder Regarding Crypto Exchanges

The co-founder of Ethereum is known for establishing core ideas for DeFi sector development, such as the Trilemma of Blockchain and Proof-of-Reserve. The cascading impact of FTX’s demise has opened a sinkhole of panic and fear in the cryptocurrency market. To this end, the DeFi sector bigwigs have come forward to form a united front … Read more

Bahamas Regulator Confirms It Ordered FTX Exchange to Transfer Crypto Assets to Government Wallets

It seems that astonishing surprises keep unveiling out of the FTX incident. As per the latest development, the Securities Commission of Bahamas has confessed that it directed SBF to transfer the assets of the company to the state reserve. In the aftermath of this intrusive hack, Bahamas has now become the largest ETH holder in … Read more

Solana Faces Financial Damage due to its Connection with FTX

The cascading impact of FTX is not only limited to its user base. The damage has been spread to its closely tied crypto enterprises, such as the Solana network. SBF, which maintained an altruistic image in the cryptocurrency sector, is now connected to dragging all other cryptocurrency enterprises working alongside it into a black hole. … Read more

Asset Management Company Fidelity Is Hiring 100 People To Boost Its Cryptocurrency Unit

Fidelity Investments, an asset management company with a valuation of up to $4.5T, is reportedly considering appointing nearly 100 more people to advance its division of digital assets, in direct contrast to the recent exclusion of the talent from the crypto industry. Fidelity Considers Enhancing Its Crypto Component by Hiring Hundred More Employees Bloomberg has … Read more

Spain Has Reportedly Become the Third Largest Cryptocurrency ATM Hub

Spain, a country in Europe, has formally become the center of the 3rd-biggest network of crypto and Bitcoin ATMs following the US and Canada. At present, the country is hosting nearly 215 ATMs of cryptocurrency, leaving El Salvador (which has 212 such ATMs) behind at the 4th rank with a lead of three crypto ATMs. … Read more

Report: Germany Becomes the World’s Most Favorable Cryptocurrency Economy In The Third Quarter Of 2020

The position of Germany among the crypto economies across the globe has increased to a great extent during the 3rd quarter of this year, as pointed out by an exclusive report. The U.S., known as the joint top-rank receiver from the previous quarter, declined by six ranks and got the seventh position on the list … Read more

Offchain Labs Has Acquired Core Development Team Of Ethereum Prysmatic Labs

Prysmatic Labs, a core development team at the back of the Ethereum Merge, has been obtained by Offchain Labs – known as the developer of Arbitrum (a layer-2 network of Ethereum). Offchain Labs did not disclose the financial terms of the contract nonetheless noted that there were several reasons for Prysmatic Labs to begin a … Read more

Hugo Boss Teams Up With Web3 Firm Imaginary Ones For Metaverse And NFT Project

Recently, Hugo Boss and Imaginary Ones (a prestigious Web3 company) started a collaboration to be a part of the Metaverse and NFT world. Hugo Boss is determined to launch its initial collection of non-fungible tokens via this partnership to provide an outstanding fashion brand. The respective move counts as Hugo Boss’ renovative step as it … Read more

Bitwise Introduces Web3 ETF For Retail and Institutional Investors

Bitwise Asset Management has declared a unique exchange-traded fund (ETF) that would be available to both retail as well as institutional investors, enabling them to take advantage of the advancement of the Web3 sector. In its statement, Bitwise mentioned that the project denotes the next level of progress within the scope of the internet, taking … Read more