Celsius & Core Scientific agree to $45M settlement 💰, Mark Cuban lost $870K in a wallet hack 💸, Ethereum launches 'Holešky' testnet 🚀
Daily Crypto, Blockchain & Web3 Update 2023-09-16
CRYPTOCURRENCY
Polkadot community PolkaWorld halts operations after failed funding bid (3 min read)
Polkadot community PolkaWorld has announced that it has halted its operations after the community’s proposal to get funding from Polkadot’s treasury was rejected. The organization raised several concerns about the project’s treasury management and made several claims in a recent announcement.
Celsius and Core Scientific propose $45M settlement for litigation (2 min read)
Crypto mining firm Core Scientific has announced an agreement with lending company Celsius Network to settle a legal battle that has been ongoing for months.
The two firms have agreed on a settlement where Celsius will buy a $45 million mining data center from Core Scientific for $14 million, pending court approval.
DJ 3LAU causes a stir after opting out of Friend.tech over regulatory risks (3 min read)
Popular DJ and crypto investor Justin Blau, better known by his stage name 3LAU, has caused a stir in the crypto community after suddenly opting out of the decentralized social media platform Friend.tech. Explaining the decision, the DJ highlighted concerns over the regulatory risks that the platform may pose.
Mark Cuban loses $870K in hot wallet hack (2 min read)
Nearly $900,000 worth of crypto was reportedly drained from one of the hot wallets belonging to billionaire investor and Dallas Mavericks owner Mark Cuban.
Wazz, an independent blockchain investigator, noticed a hack on Sept. 15 at 8 pm UTC. They discovered suspicious activity in one of Cuban's wallets, which he hadn't used in about five months.
Ethereum launches new testnet ‘Holešky,' allocates 1.6B ETH for devs (2 min read)
Ethereum's developers launched a new testnet on Sept. 15. Called “Holešky,” the network is expected to be used for staking, infrastructure, and protocol development, according to its developer documents. Sepolia will remain the dominant network for application development.
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Magic Eden integrates Solana’s compressed NFTs into marketplace (2 min read)
Nonfungible token (NFT) marketplace Magic Eden has announced that it will support Solana’s compressed NFTs (cNFTs) to provide a cost-efficient and scalable alternative to owning digital collectibles. NFT marketplace Magic Eden believes that lowering the costs of NFT production creates an "easy access point" for new users to try NFTs.
BitGo, Swan unveil plans for Bitcoin-only trust company (3 min read)
The United States may soon have a Bitcoin-only trust company, according to plans disclosed by BitGo and Swan Bitcoin on Sept. 15. The joint venture is pending regulatory approval, the companies said in a statement. The trust company will target institutional investors in the United States as asset managers line up for a spot Bitcoin ETF.
Binance CEO responds to rumors, says US executive is ‘taking a deserved break’ (3 min read)
Binance CEO Changpeng "CZ" Zhao clarified that Binance.US CEO Brian Shroder is simply taking a break after a successful period at the company.
Despite Brian Shroder resigning as CEO of the exchange’s U.S. wing amid SEC and CFTC lawsuits, Binance CEO Changpeng Zhao claimed the departure was normal.
SEC reverses decision on sealing, redacting some documents in Binance.US case (2 min read)
Observers should soon get a look at some of the inaccessible documents in the United States Securities and Exchange Commission’s (SEC) case against Binance. The documents were sealed or redacted at the SEC’s request and are being unsealed at the request of the SEC itself.