Julius Mutunkei

Ethereum clients Prysm, Teku release upgrades to solve network finality issues

Two Ethereum 2.0 consensus clients, Prysm and Teku, have released new upgrades to address current Beacon Chain finality problems. The Ethereum network encountered finality problems twice in 24 hours, the first lasting 25 minutes and the second lasting more than…

Incoming Twitter CEO, Linda Yaccarino, follows Shiba Inu, Dogecoin

Linda Yaccarino, the new CEO of Twitter, has a surprising connection to Dogecoin, the meme-inspired cryptocurrency championed by her predecessor, Elon Musk. According to her Twitter profile, Yaccarino follows several accounts related to Dogecoin and its spin-off, Shiba Inu (SHIB),…

Montenegro court releases Terra founder Do Kwon on $436k bail

Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro. According to media reports, the court decided to release Kwon and Han to house arrest under police supervision on…

Former investment banker Rashawn Russell charged with crypto fraud

Former investment banker and registered broker Rashawn Russell was arrested in Brooklyn for allegedly scamming investors using cryptocurrency investment fraud schemes.

SushiSwap recovers $186k after hack, plans to return funds to users

SushiSwap has retrieved $186,000 worth of ETH from a hacker who drained over $3.3 million worth of ETH on April 9. The exchange has since then laid out plans of how affected users can claim lost funds.

CZ predicts crypto funds moving to Hong Kong

Binance CEO Changpeng Zhao has predicted that Hong Kong will become a significant destination for crypto funds, as the city offers a favorable regulatory environment, a solid financial system, and a connection between China and the rest of the world.…

Bitget launches $100m web3 fund in Asia

Bitget, a prominent crypto derivative and copy trading platform, has launched a $100 million fund to support next-generation crypto projects in Asia.  The Bitget Web3 Fund was introduced during Hong Kong Blockchain Week. It will invest in Web3-friendly venture capital…

FTX debtors publish report on FTX group’s control failures

FTX debtors have released their first report stating that the failed crypto exchange lacked crucial financial and accounting procedures to protect customer assets. The investigation also exposed the company’s culture of repressing dissent and employees’ internal jokes about misplacing millions of…

SushiSwap hacked for over $3.3m, approval smart contract on Ethereum exploited

SushiSwap was on April 9 hacked for more than $3.3m. It follows a bug in the approval system of the exchange’s RouterProcessor2 contract on Ethereum

Ripple lawyer expects ruling within a month, says it will impact crypto’s future

A lawyer representing thousands of crypto enthusiasts in the case brought against Ripple by the SEC suggested a verdict could be delivered by May 6, 2023

OpenSea Pro overtakes rival Blur as addresses and volumes spike

NFT aggregator OpenSea Pro witnessed an increase in active addresses and transaction volumes after its launch this week, overtaking Blur, an NFT marketplace

Mt. Gox repayment window opens until October

The deadline for Mt. Gox creditors to submit their repayment details expired on April 6, opening the repayment window until Oct. 31, 2023. The repayments might take time, and the period could be extended with permission from the Tokyo District…

South Korea seeks to seize $314m in assets from Terra executives

The office of the Seoul prosecutor is seeking to seize assets worth $314 million from eight Terra officials, including CEO Do Kwon, who was recently arrested in Montenegro. According to South Korean news outlet KBS, Do Kwon, CEO and co-founder…

Bitstamp to introduce new lending product in Europe

Bitstamp has partnered with Tesseract to introduce a new crypto-lending service across specific European markets. Bitstamp is building a crypto-lending product to be tested in selected European countries, including France, Spain, Italy, and Ireland. Moreover, it will be expanded to…

Sentiment offers $95k bounty to hacker who stole $1 million

DeFi lending platform Sentiment has responded to a reentrancy attack that resulted in the loss of $1 million worth of crypto by offering a $95,000 bounty to the hacker.

Celebrity marketer Raichu accused of over 50 NFT scams

Celebrity marketer Raichu, who has collaborated with several celebrities and influencers, has been accused of participating in numerous rug pulls and pump-and-dump operations.

Sentiment DeFi platform losses $1m to hacker on Arbitrum

Sentiment, a decentralized finance (DeFi) platform offering lending and borrowing services on the Arbitrum layer-2 network, was hit by a malicious exploit on April 4, resulting in a nearly $1 million loss. The attacker used a reentrancy bug in Balancer,…

Binance partners with FC Shakhtar Donetsk for web3 development

Binance, the world’s largest exchange by trade volume, announced a sports partnership with FC Shakhtar Donetsk, a renowned Ukrainian football club.

Marathon registers record bitcoin production in Q1 2023

Marathon Digital Holdings has reported a record increase in its bitcoin (BTC) production, hash rate, and financial position for the month of March and the first quarter of 2023. According to a press release, Marathon produced 825 BTC in March…

Bybit to expand into Hong Kong crypto market

Dubai-based Bybit has announced plans to build its central Asian business in Hong Kong. The exchange intends to have a segment of its marketing, research, and development team in the city. WSJ has recently reported that Bybit has plans to…