Hurry Crypton

2024-03-14 08:43:43 High Court Reversal: Do Kwon's Extradition Takes a Detour to South Korea

In a surprising twist, the High Court has hit the brakes on Do Kwon's fast track to the U.S., with the Appeals Court slamming the initial decision for its procedural breaches. The green light for extradition has turned red, redirecting Kwon's journey.

The spotlight now shifts to South Korea, where Terraform Labs' co-founder faces allegations that have caught the attention of Interpol. The National Police Agency is orchestrating a transfer from Montenegro, a move that seems to have swayed the High Court's about-face.

It all started with a dramatic arrest at Podgorica airport, as Kwon and his partner attempted to take flight with phony Costa Rican passports. This caper added an extra layer of intrigue, blending their alleged misdeeds with the ever-evolving world of cryptocurrency in two major financial hubs.

With each turn in this international legal saga, Do Kwon's fate hangs in the balance, as he awaits his next chapter on Korean soil. Stay tuned for more updates on this high-stakes crypto drama! Open / Comment

2024-03-12 12:16:37 Waterfall is the most decentralized BlockDAG protocol currently available

Key Features:

This decentralized platform has the potential to attract much more validators than other protocols.
Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
Compatible with EVM and Ethereum API.

The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:

Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.

Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.

The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.

R&D team has been rigorously testing technology since 2021.

More than 350 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.

On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.

On January the 2nd more than 650 000 transactions was successfully processed.

Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR Open / Comment

2024-03-11 22:27:57 Argentina Busts $400 Million Crypto Ponzi Scheme Founders; Brazil Prioritizes Crypto Rules

Arrest in Argentina: The Federal Police nabbed two culprits, a man and a woman, who orchestrated a massive Ponzi scheme in Brazil. These scammers, operating under fake names, managed to shuffle around $400 million worth of digital currencies before getting caught.

Unmasking the Fraudsters: The male suspect, going by "Joao Felipe Costa," was unmasked as Antonio Inacio Da Silva Neto, one of the masterminds behind Braiscompany. His partner-in-crime, Fabricia Farias Campos, was also apprehended.

Investigation Unveils Fake Identities: A meticulous investigation traced the couple's whereabouts through their purchases and payments made under aliases. Now in Argentine custody, they await extradition to Brazil for their day in court.

Brazil's Crypto Agenda: Meanwhile, Brazil's Central Bank has set its sights on crypto regulations. Tokenization and oversight of virtual asset service providers (VASPs) are top priorities. The goal? To foster innovation while ensuring financial integrity.

Innovation Galore: Ricardo Moura, head of the Central Bank's Exchange Regulation Department, highlighted streamlining investments for non-residents and enhancing interbank forex operations as key areas of focus. Regulating virtual assets in foreign exchanges is also on the agenda.

Argentine Fintech Pushes for Growth: Over 200 companies united under the Argentine Fintech Chamber are pushing for tax exemptions on crypto assets. Their proposal aims to level the playing field between digital currencies and traditional financial instruments.

Regulation on the Horizon: With an eye on an upcoming evaluation by the Financial Action Task Force (FATF), Argentina is gearing up to issue executive orders for crypto exchange regulations. The goal? To bolster the country's anti-money laundering efforts. Open / Comment

2024-03-07 19:50:56 BlockFi's Big Win: $874.5M Settlement with FTX and Alameda Research

In a major breakthrough, BlockFi has struck a deal with FTX and Alameda Research, securing a whopping $874.5 million windfall to repay customers affected by its bankruptcy.

The agreement, as outlined by the US Bankruptcy Court, sees BlockFi gaining $185.2 million in claims against FTX and a hefty $689.3 million against Alameda Research.

What's more, a cool $250 million of this sum will be treated as a secured claim, offering added protection for BlockFi's recovery efforts.

This settlement is not just about the money; it's about customer-centricity. By supporting FTX's reorganization plan, BlockFi aims to expedite payments and bring closure to the case.

Back in September 2023, BlockFi and FTX reached an initial agreement that saw FTX willingly relinquishing most of its claims – a positive step towards resolution.

The court filing emphasizes that this deal is a resounding success, ensuring "complete recovery" for specific claims and setting the stage for customers to receive their dues in full.

With BlockFi's security interest recognized, there's an added advantage: faster payouts for customers as FTX moves forward with its reorganization plans.

And here's the cherry on top: this favorable outcome was achieved through early mediation, saving on legal costs and channeling resources towards customer distributions. A win-win! Open / Comment

2024-03-01 20:27:12 Coinbase Revolutionizes Crypto Onboarding with New Wallet Solutions

Simplifying the Journey: Coinbase, the leading crypto exchange, is taking a giant leap towards making crypto onboarding a breeze. With the launch of two innovative wallet solutions, they aim to tackle the challenges faced by newcomers in the world of digital currencies.

Tweeting the Future: In an exciting announcement on February 29, Coinbase Wallet teased the arrival of a smart wallet and embedded wallet features. These cutting-edge additions promise to streamline the user experience and make it more accessible for all.

No More Seed Phrase Hassles: Bid farewell to those pesky seed phrases! The smart wallet, an extension of Coinbase's Wallet SDK, will integrate seamlessly with decentralized applications using a simple passkey. Say goodbye to complex setups and hello to hassle-free transactions.

Testing the Waters: While still in its testnet phase, this smart wallet is built on Coinbase's layer-2 network Base. By leveraging account abstraction technology, users can rest easy knowing they have recovery options if their keys go astray.

Looking Ahead: Coinbase has big plans for 2024 – they envision smart wallets becoming the default choice for crypto enthusiasts. By addressing security concerns and enhancing usability, they hope to usher in a new era of on-chain adoption and delightful user experiences. Open / Comment

2023-11-25 13:46:32 BTC UPDATE

As I've said earlier, I don't expect much positivity from Bitcoin now. The $25,000 support acts as a magnet, we will reach it with high probability.

Moreover, breakdown of $25,000 also makes sense. Testing the $23,700 - $24,000 zone will be good for the market.

To pump we need strong bullish news.
To dump we need to let market live its life. Open / Comment

2023-11-24 13:43:58 OKX Wallet Integrates with Trait Sniper, Unlocking New NFT Frontiers

— Seamless Integration for NFT Adventures

The process to unlock the potential of Trait Sniper through the OKX Wallet is simple and user-friendly. To get started, users only need to download the OKX Wallet web extension, which is readily available as an add-on for popular browsers like Chrome and Firefox. From there, users can either create a new OKX Wallet or add an existing one to begin their NFT adventure. Once their wallet is set up, connecting OKX Wallet to Trait Sniper is done via the web extension, making the entire process seamless and hassle-free. The collaboration between the two platforms aims to offer users unparalleled access to a diverse range of NFT solutions.

OKX Wallet has been making waves in the crypto space, boasting an extensive suite of products to cater to both beginners and experienced crypto enthusiasts. As a universal crypto wallet, it supports over 3,000 cryptocurrencies and more than 60 networks. Additionally, OKX Wallet provides access to thousands of DApps and boasts a one-stop decentralized NFT Marketplace, eliminating the need for users to navigate between multiple platforms.

Recent news from OKX Wallet revealed that the platform is now open source, marking a significant step in fostering transparency and community collaboration within the crypto ecosystem. The global technology giant, OKX, continues to drive the future of Web3 by partnering with top brands and high-profile athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

The collaboration between OKX Wallet and Trait Sniper stands as a testament to the rapid evolution of the NFT market. By combining the expertise of both platforms, users can now access advanced analytics and robust trading capabilities, enhancing their NFT experience and empowering them to make more informed decisions in this dynamic and fast-growing sector. Open / Comment

2023-11-23 15:06:06 Cardano Founder Reacts to Epic NFT Sale Costing 63,000 ADA

The Cardano ecosystem is seeing remarkable demand for its non-fungible tokens (NFTs), which might have partly led to some of its NFT collections being sold at noteworthy prices.

Notably, the demand for Cardano Apes has been sustained, driving prices higher. A Twitter user drew attention to this fact, reporting that a Cardano Ape NFT just sold for 63,000 ADA, valued at nearly 20,000 U.S. dollars.

The Twitter user went on to ask for thoughts about the sale. The tweet caught the attention of Cardano founder Charles Hoskinson, who reacted with a GIF image that might suggest someone exploding with excitement.

— Charles Hoskinson

Another interpretation of the GIF image might be to infer that the sale was an "explosive" one. Whichever it may be, the Cardano founder's intent remains unknown.

The Ape Society, Cardano's largest NFT project, saw strong user demand last December, resulting in its floor price setting highs of 10,000 ADA. Ape Society has the highest Collection Share by Volume, accounting for 24.64% over the past 24 hours, according to CNFT data.

Not only is Cardano thriving in its NFT sales, according to Messari's Layer 1 Q2, 2023, comparison report, but Cardano also dominated Q2, 2023, DeFi growth, leading in TVL, stablecoin market cap and DEX volume among the featured Layer 1 despite a 27% QoQ decrease in ADA's price. Open / Comment

2023-11-22 14:35:14 BCH hit final target, 75% profit with 5x leverage done here! Open / Comment

2023-11-21 15:43:28 US. Justice Department's prolonged investigation might lead to criminal charges against Binance and Zhao, with potential billions in fines, sources say : WSJ Open / Comment