Yagyesh Jaiswal

Mt. Gox to Begin Repayments in July 2024 after 10 Years

Defunct cryptocurrency exchange Mt. Gox has announced that it will begin distributing over $9 billion in Bitcoin and Bitcoin cash to creditors in July 2024, after years of delays in the rehabilitation process.

Yagyesh Jaiswal

The long and troubled rehabilitation process of Mt. Gox appears set to finally begin the process of returning funds to creditors starting in July, with distributions of over $9 billion in Bitcoin and Bitcoin cash expected though the process remains complex.

Rapper 50 Cent Loses X Account to Hackers Causing Huge Scam

On June 21st 2022, 50 Cent's Twitter account was hacked and used to promote a meme coin scam that generated huge profits for the hacker within 30 minutes.

Yagyesh Jaiswal

The crypto scam orchestrated by hacking 50 Cent's account highlights the ongoing issue of account takeovers on social media platforms and proves why caution is needed when investing based on celebrity endorsements alone.

U.S. Lawmakers Push for the Release of Detained Binance Exec

Two US lawmakers recently visited detained Binance executive Tigran Gambaryan in a Nigerian prison and called for his release due to health concerns. However, Nigeria denies claims of mistreatment.

Yagyesh Jaiswal

The case of Binance executive Tigran Gambaryan's ongoing detainment in Nigeria continues to unfold, with US lawmakers advocating for his release while Nigeria maintains its stance.

Bitcoin Plummets to Below $68K, Influenced by Market Pressures

Bitcoin falls to its lowest price since mid-May, experiencing significant selling pressures from various sources, including governmental moves and ETF outflows.

Yagyesh Jaiswal

Bitcoin's value dropped below $64,000 due to intense market sell-offs, influenced by significant Bitcoin transfers to exchanges by the German government, among other pressures.

Binance Faces Regulatory Challenges Across the Globe

Binance, the largest crypto exchange, encounters regulatory setbacks, facing fines and suspensions in India, Canada, and the US.

Yagyesh Jaiswal

Binance confronts escalating regulatory issues with fines and operational suspensions in India, Canada, and the US, affecting its global operations.

Argentina's President Milei Backs Bitcoin for Economy

Argentine President Javier Milei advocates for Bitcoin in his latest currency reform plan, aiming to stabilize the national economy amid ongoing financial crises.

Yagyesh Jaiswal

Argentine President Javier Milei supports incorporating Bitcoin into the country's economic framework as part of a broader currency reform initiative.

SEC Closes Securities Investigation on Ethereum

The SEC has closed its years-long investigation into whether Ethereum's initial coin offering constituted the sale of unregistered securities, concluding their probe and giving the crypto industry much-needed clarity.

Yagyesh Jaiswal

By ending its inquiry without bringing charges, the SEC settlement provides official confirmation that ETH is not deemed a security, aligning with the CFTC's stance and removing a major roadblock to innovation and growth in the blockchain sector.

$150,000 Bounty Offered for Alleged Creator of DJT Token

A fund managed by Arkham has put up a $150,000 bounty for information that leads to the identification of the person behind the creation of the contentious Donald J. Trump (DJT) cryptocurrency token. Read on for full details.

Yagyesh Jaiswal

Explore Arkham Crypto Fund's $150,000 bounty seeking the identity of the mysterious DJT token creator, analyzing both sides of the controversial cryptocurrency project and ongoing debate surrounding it. Ultimately, more questions remain than answers at this point.

U.S. Bitcoin Miners Hit $22.8B Cap with AI Expansion

U.S.-listed Bitcoin mining companies have achieved a record market capitalization of $22.8 billion, propelled by network hashrate growth and diversification into AI ventures.

Yagyesh Jaiswal

U.S. Bitcoin miners have seen their market cap hit $22.8 billion, driven by increased network hashrate share and moves into AI data center projects.

MEV Sandwich Bot Rakes in $30M on SOL in 2 Months

A stealthy MEV bot called "arsc" exploited arbitrage opportunities on the Solana blockchain, earning approximately $30 million from June through August 2022.

Yagyesh Jaiswal

Through clever use of transaction ordering algorithms and decentralized finance activities, the anonymous operator behind the "arsc" bot accumulated significant profits from MEV attacks with relatively little attention or intervention on the Solana network.