Ethereum core developers released patches for Prysm Labs and Teku clients in response to a Beacon Chain issue preventing block finalization.
Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD
Jump Trading and its CEO Kanav Kariya are accused of violating United States regulations and unjust enrichment in the lawsuit.
Crypto Biz: Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain network
This week’s Crypto Biz explores Arbitrum’s latest proposal, Ripple’s two-year battle with the SEC and a large corporations’ coalition to build blockchain solutions for institutional investors.
LG Electronics files patent for NFT-trading TV
The information was published on WIPO’s global database for intellectual property on May 11, 18 months after LG filed its application.
BitDAO proposes to replace BIT token in branding revamp
After community approval, BIT holders will undergo a token conversion process for the new Mantle token. Governance and treasury management will remain unchanged.
BlockFi users to get back $297M from Wallet accounts: Report
Return of funds does not apply to users of interest-bearing accounts, ruled U.S. bankruptcy judge Michael Kaplan.
MetaMask rolls out ETH purchases via PayPal to US users
Users in the United States can also transfer ETH from PayPal to MetaMask. The companies first announced their collaboration in 2022.
Arbitrum’s DAO to receive over 3,350 ETH revenue from transaction fees
Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum’s team and its community.
Binance closes BTC withdrawals amid congestion on the Bitcoin network
Bitcoin mempool was clogged with over 400,000 transactions waiting to be processed on May 7.
Kazakhstan collected $7M in crypto mining taxes in 2022
Crypto miners paid millions of dollars in energy fees last year following the regulation of the fiscal burden of mining activities.
DEUS Finance loses $6M following stablecoin hack
The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident.
Argentina’s central bank halts cryptocurrencies from payment apps
The ban is intended to reduce Argentina’s payment-system exposure to digital assets, said the monetary authority.
Crypto Biz: Hyperinflation and Bitcoin wagers, AI replacing first jobs and more
This week’s Crypto Biz explores the latest wild wager on Bitcoin prices, inflation fears and the jobs that artificial intelligence may soon replace.
Prosecutor says Do Kwon’s extradition to South Korea would best serve Terraform Labs’ victims: Report
The former Terraform Labs CEO could face 40 years in jail in South Korea, the country where he committed most of his crimes, according to local authorities.
Arbitrum’s Chronos reaches $217M TVL with staking, becomes 8th largest DEX
Chronos set a new TVL milestone just seven days after its launch on the Arbitrum blockchain as DEXs draw traders amid regulatory uncertainty in the United States.
Celsius auction has Gemini and Coinbase as new bidders: Report
Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York.
Zimbabwe’s central bank to issue gold-backed digital currency: Report
The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency.
Trust Wallet to reimburse users after $170,000 security incident
The vulnerability impacted wallet addresses created through the browser extension between November 14-23, resulting in nearly $170,000 in losses.
Gemini to launch derivatives platform outside the United States
The platform’s first derivatives contract will be a BTC perpetual contract denominated in Gemini dollars (GUSD), followed by an ETH/GUSD perpetual contract.
Crypto Biz: EU looks under the hood of Big Tech algorithms, Musk’s TruthGPT and more
This week’s Crypto Biz explores the fast-growing AI market, MicroStrategy’s integration with Bitcoin Lightning Network, and Microsoft’s efforts to power AI development.