Day: September 26, 2023

Celsius creditors vote in favor of reorganization plan

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The creditors involved in the Celsius bankruptcy case have voted in favor of a plan that will see funds returned to them as well as distributing equity through a new company. According to a Sept. 25 filing from bankruptcy firm Stretto, most of the classes voted in favor of the plan by more than 98%. The voting results are in! Over 95% of creditors across all eligible classes voted to accept the Plan, a testament to our collaborative efforts during Chapter 11. https://t.co/9Z5xlBhNts @CelsiusUcc @FahrenheitHldg. — Celsius (@CelsiusNetwork) September 25,…

Educational website with 5m monthly visitors hit by hidden Monero miner

The analysts say bad actors put a script on the website that installed malware to download a cryptocurrency miner. Group-IB, a Singapore-based cybersecurity provider, revealed in a recent blog post that an undisclosed educational website fell victim to a hidden cryptojacking campaign. According to the firm’s blog post, threat actors inserted a hidden script on the website, which allowed them to remotely install malware on each visitor’s computer and to download a cryptocurrency miner from chrome-error[.]co. Although Group-IB didn’t name the website, the firm noted the educational online platform had…

NEAR Protocol’s Daily Active Addresses Spike, Will Prices Follow?

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In the past month, there have been more daily active addresses on the NEAR Protocol than in Ethereum and its layer-2 protocols, including Arbitrum and OP Mainnet, Artemis data from September 25 reveals. Artemis, an institutional data platform for digital assets, shows that the number of daily active addresses on NEAR Protocol has been consistently above the 400,000 level in September.  Daily Active Addresses On NEAR Protocol Surging Looking closer at the data confirms that the number of daily active addresses on Ethereum, the pioneer smart contract platform that hosts…

Philippine Blockchain Week Addresses Miss Universe Coin Fraud Allegations

The Miss Universe Coin created a storm of controversy at the Philippine Blockchain Week (PBW) when it came to light that the coin, touted during the event and unveiled at a prior press conference, had no affiliation with Miss Universe, the brand and pageant owned by Thailand-based JKN Holdings. What seemed like a promising venture took an unexpected turn, leaving questions and legal actions in its wake. Earlier this month, PBW buzzed with anticipation as Donald Lim, the founder of the organization overseeing the event, proudly declared the launch of…

Crypto exchange Binance reopens exchange services in Belgium

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Crypto exchange Binance has reopened registrations and access to its products and services for its Belgian crypto users again —  three months after the exchange was ordered by Belgium’s finance regulator to cease cryptocurrency-related services. “New registrations of Belgian residents are welcome on our platform once again,” Binance confirmed in a Sept. 25 post on X (formerly Twitter). Binance said various Binance products and services will become accessible again to Belgian users who have accepted the new Terms of Use. Great news for our Belgian community We’ve now reopened registrations…

Factors That Could Drive ADA Price As High As $12

The Cardano community has been one of the fastest-growing in the crypto space and this has shone a heavy spotlight on the ADA price. With expectations mounting already even amid the crypto winter, there are key factors that stakeholders believe could drive the altcoin’s price as high as $12. ADA Price Could Reach $12 In the last bull market, the ADA price went on a tremendous rally that saw the coin rise from as low as $0.03 to as high as $3.10 at its peak. This price action cemented the…

Vitalik Buterin’s Privacy Pool proposal is just the start

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By now, most of the cryptosphere has heard of Privacy Pools — a project launched this year by Ameen Soleimani, a well-known developer and founder. As a former contributor to Tornado Cash, Soleimani aimed to “fix” the popular open-source solution for anonymising Ethereum transactions in order to make it regulator-friendly. The original teaser, shown in March, was based on an idea initially espoused by Ethereum co-founder Vitalik Buterin in 2022. But it somehow failed to attract the attention of the crypto hive-mind. It was only weeks ago — after Buterin…

Vitalik Buterin’s Privacy Pool idea is interesting, but it’s just the start

By now, most of the cryptosphere has heard of Privacy Pools — a project launched this year by Ameen Soleimani, a well-known developer and founder. As a former contributor to Tornado Cash, Soleimani aimed to “fix” the popular open-source solution for anonymising Ethereum transactions in order to make it regulator-friendly. The original teaser, shown in March, was based on an idea initially espoused by Ethereum co-founder Vitalik Buterin in 2022. But it somehow failed to attract the attention of the crypto hive-mind. It was only weeks ago — after Buterin…