Three Arrows Capital is currently undergoing bankruptcy proceedings and owes an estimated $3.5 billion to creditors. The auction for parts of bankrupt Singaporean cryptocurrency hedge fund Three Arrows Capital’s (3AC) nonfungible tokens (NFT) collection fetched $2.5 million at its conclusion on May 19. Facilitated by fine arts broker Sotheby’s, collectibles on sale included Tyler Hobbs Fidenza...Continue Reading

The upcoming app will maintain a Twitter-like centralized feed, allowing users to view content such as text, images and videos shared by followers and recommended accounts. In a secret meeting with select creators, Instagram’s parent company, Meta, reportedly revealed its plan to launch a text-based conversation app. The leaked screenshots of the alleged upcoming app...Continue Reading

Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities only if a user chooses to opt-in to the new service. The launch of Ledger Recover, a service that allows users of the Ledger hardware wallet to back up their secret recovery phrases, met with...Continue Reading

The author didn’t want to give away too many details on the book, but did note that his recounting of the FTX collapse “aims to read like a piece of fiction.” Michael Lewis, the bestselling author of The Big Short and Moneyball, has revealed that he has almost finished writing his book on Sam Bankman-Fried...Continue Reading

According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.” Strike, a Chicago-based Bitcoin (BTC) payment provider, expanded its services to 65 countries in parallel to relocating its global headquarters to El Salvador. Before its expansion, the mobile...Continue Reading

Promptly after the funds went missing, Swaprum’s Twitter, Telegram and Github accounts were all deleted, however its website is still up. Arbitrum-based decentralized exchange (DEX) Swaprum has allegedly conducted a rug-pull on its users, with $3 million worth of customer deposits being swiped from the platform. A rug-pull or exit scam occurs when a seemingly...Continue Reading

Ledger’s decision to introduce a third party to your wallet seed phrase created an exploit that could appeal to both governments and hackers. Self-custody is important in crypto, and security is essential to self-custody. Ledger, a notable hardware wallet manufacturer, has built its reputation on the secure storage of users’ private keys. Hardware wallets create...Continue Reading

The bug only affects the Polygon implementation, and V3 is unaffected A bug in an older version of crypto lending protocol Aave is blocking users from interacting with Wrapped Ether (WETH), Tether (USDT), Wrapped Bitcoin (WBTC) or Wrapped Matic (WMATIC) pools on Aave V2 Polygon, preventing assets from being withdrawn from them, according to a...Continue Reading

Security expert Jameson Lopp said some users lost Ethereum tokens because of the lack of a secure storage method. The demand for Ethereum self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, Lopp stated that Casa has found...Continue Reading

The Central Market supplies over 12 million people per month in Argentina. The move will allow companies to accept and pay bills with USDT. Argentinians can now purchase dairy produce with the USDT stablecoin at the Central Market of Buenos Aires — one of the largest movers of fruits and vegetables in Latin America. The...Continue Reading