Month: June 2023

Terraform Labs Founder Do Kwon Found Guilty of Document Forgery and Sentenced to 4 Months in Jail

A court in Montenegro has found Do Kwon guilty of document forgery and has sentenced him to jail. Kwon will remain in custody longer pending the country’s response to an extradition request. CEO and co-founder of Terraform Labs Do Kwon has been found guilty of document forgery and sentenced to a four-month jail term. Kwon was convicted and sentenced by a Basic Court in Podgorica, the capital of Montenegro. Authorities in Montenegro arrested Do Kwon back in March for carrying fake documents. Law enforcement arrested Kwon and Han Chang-Joon, another…

Binance Comes to Agreement With SEC Following Attempt To Freeze Crypto Exchange’s Assets

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Binance has come to an agreement with the U.S. Securities and Exchange Commission (SEC) after the regulator attempted to freeze the American arm of the firm’s assets. In a new court filing, the SEC has agreed to a proposal that lets Binance.US maintain sole possession of its customers’ assets. “It is further ordered that on or before the date the Court issues this Consent Order, Stipulating Defendants will, through their officers and employees or a non-affiliated third party custodian within the United States, ensure, and each confirm to counsel of…

Realtor may have accepted $3M offer for Washington DC property linked to Sam Bankman-Fried

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An unidentified buyer or buyers could soon own a property previously linked to defunct cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried in Washington D.C.’s Capitol Hill neighborhood. According to an updated posting on Realtor.com, the D.C. property was listed as “contingent”, suggesting that the party handling the deal has accepted an offer but the transaction was not yet finalized. The townhouse located near the U.S. Capitol building was reportedly owned by Guarding Against Pandemics, a nonprofit organization established by Gabriel Bankman-Fried, brother of the former FTX CEO. Cointelegraph…

Craig Wright accuses bitcoin developers of theft and sabotage 

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Craig Wright, widely known as the self-proclaimed originator of bitcoin and occasionally referred to as the “Counterfeit Satoshi Nakamoto,” has recently initiated a scathing assault on the foremost architects of the digital currency, as disclosed in a recent development.  Through a series of tweets, Wright has hurled allegations against the creators of the Bitcoin Core software, asserting that they impede progress and deliberately undermine diligent builders’ efforts. The core developers will try and tell you that…

Bitcoin price slips after Fed decision, ethereum price at a critical turning point, Tradecurve bullish

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following the Federal Reserve’s decision to pause interest rates, bitcoin experienced a decline, with prices slipping to $25,000. The cryptocurrency market is grappling with intricate security law matters, and ethereum (ETH) has also witnessed notable volatility, reaching a critical juncture with an uncertain future trajectory. Amidst these developments, tradecurve (TCRV) prices have observed a 20% increase.  >>Buy TCRV tokens now<< Bitcoin price falls after Fed decision Bitcoin (BTC) prices fell in the last 24 hours below…

Etherscan launches AI-powered Code Reader

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On June 19, Ethereum block explorer and analytics platform Etherscan launched a new tool, dubbed “Code Reader,” that utilizes artificial intelligence to retrieve and interpret the source code of a specific contract address. After user prompt input, Code Reader generates a response via OpenAI’s large language model (LLM), providing insight into the contract’s source code files. Etherscan developers wrote:  “To use the tool, you need a valid OpenAI API Key and sufficient OpenAI usage limits. This tool does not store your API keys.” Use cases for Code Reader include gaining…

How to use Solana Saga to buy and sell crypto

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Solana Saga, the Web3 mobile phone Solana launched its Web3 mobile phone, the first of its kind, in April 2023. The phone packs all the usual functionalities users have come to expect from a smartphone and tops it up with a Web3 experience. It includes a decentralized application (DApp) store and seamless integration across crypto wallets and DApps. Saga has been tagged as the phone “that keeps on giving.” The phone has been on pre-order for several months, and those who pre-ordered enjoyed airdrops like the “Saga Pass.” Holders of…

Ethereum Scanner Etherscan Adds AI Tool to Read Smart Contract Source Code

The tool, based on AI technology developed by OpenAI, allows users to ask for an explanation of the entirety or parts of the source code of a smart contract, Etherscan said. Users can also retrieve the “read” and “write” functions of a smart contract such that they can “make informed decisions” on how to interact with them as well as explore possible ways of using them in decentralized applications, the post said. Source

Why is Cardano price down today?

The price of Cardano (ADA) is down over 3% on June 19 after dropping over 30% in the past two weeks. Is ADA price headed for its fourth red weekly candle in a row?  No respite for Cardano price bulls On June 19, ADA price fell over 3% to daily lows of $0.257 as traders continued to assess Cardano’s mention in the list of crypto assets that the U.S. Securities and Exchange Commission (SEC) considers “unregistered securities.” ADAUSD daily price chart. Source: TradingView In addition, Federal Reserve’s hawkish guidance last week…

China allegedly offers bitcoin bounty to murder Australian CCP critic

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to an 60 Minutes Australia report, a so-called “bounty email” surfaced that purportedly offers $50,000 bounty in bitcoin (BTC) for the “termination” of Vanessa Pavlou, mother of outspoken Chinese Communist Party (CCP) critic and human rights activist, Drew Pavlou. The emails targeting Vanessa Pavlou were allegedly sent to major shopping centers in Brisbane — in an alleged attempt to reach her employer. No in-person aggression has been reported by 60 seconds. The email, allegedly from…