Customers are suing Compass Mining for over $2 million, alleging fraud, after the company cut ties with Russian hosting company Bit River and failed to return customers’ Bitcoin machines, citing a non-applicable United States sanction as the reason. According to a court document filed on Jan. 17, Compass Mining issued a notice in April 2022 that it has terminated its […]

In an alert, blockchain security firm CertiK reported that the Raydium protocol exploiter had sent 1,774.5 Ether (ETH) to the mixer. The amount is worth around $2.7 million at the time of writing. While security teams from various exchanges continue to combat the efforts of hackers, funds continue to flow to the sanctioned cryptocurrency mixer Tornado Cash.  The attack on […]

San Francisco, California, 18th January, 2023, Chainwire Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3. Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a […]

Crypto media outlet CoinDesk is reportedly considering a potential sale as its parent company Digital Currency Group (DCG) looks to strengthen its balance sheet. According to The Wall Street Journal, CoinDesk has sought the help of investment bankers from the financial advisory firm Lazard, who are helping the firm weigh options including a full or partial sale. DCG has purportedly […]

Ripple CEO Brad Garlinghouse expects the firm’s long-running dispute with the Securities Exchange Commission (SEC) will be finalized within “single-digit months” and remains confident in securing a favorable outcome. Speaking to CNBC on Jan. 18 at the World Economic Forum in Davos, Switzerland, Garlinghouse said the verdict could come as soon as June this year now that both parties have […]

Law firm Sullivan & Cromwell contradicted itself when it stated that shuttered crypto exchange FTX US is insolvent, former CEO Sam Bankman-Fried claimed in a Jan. 17 blog post that was shared on Twitter. The law firm was hired by FTX Group to handle the bankruptcy proceedings of several of its subsidiaries, including FTX International, Alameda Research and FTX US. […]

The Shiba Inu community has been buzzing with excitement at the news of Shibarium’s launch. And now, a new update on the layer-2 network has just dropped, convincing investors that SHIB’s price is about to explode to $0.001. On Sunday, Jan 15 the team behind Shibarium published a blog, giving the community a first look at the Shibarium protocol. As per […]

In the wake of the FTX collapse, which happened because the now-defunct cryptocurrency exchange used customer money to cover its risks, cryptocurrency exchanges came up with proof-of-reserves to clarify transactions. Without clear rules, Binance CEO Changpeng Zhao recently pushed for a practice that gives exchanges a way to show users that they are more honest. A Proof of Reserves (PoR) […]