Author: Dren.H

Do Kwon is facing trial for passport fraud amidst international intrigue and alleged political interference. In a recent development related to the dramatic crash of cryptocurrencies Terra and Luna, Hyeong Do Kwon, CEO of Terraform Labs, has dismissed allegations of passport forgery. Arrested in Montenegro with a falsified Costa Rican passport, Do Kwon asserted that he got his passport through a Singapore agency, which a friend of his recommended. Do Kwon’s Explanation Do Kwon received this passport through an agency based in Singapore, as recommended by a close acquaintance. He explained that he previously applied for a Grenada passport through…

Bitcoin NFTs are rapidly making a mark in the crypto universe, introducing exciting prospects for the pioneering blockchain and digital art enthusiasts.  Conventionally, NFTs were minted and traded on Ethereum-oriented platforms, with a few others branching into blockchains like Cardano and Solana. However, an innovative protocol called Ordinals came into existence in January 2023, thanks to the efforts of former Bitcoin Core contributor Casey Rodarmor. Rodarmor took advantage of the 2021 Bitcoin Taproot upgrade to diversify Bitcoin’s capacities and pave the way for on-chain Bitcoin NFTs. With a revolutionary concept named Ordinals, the Bitcoin ecosystem is setting new horizons. While…

Ripple’s release of William Hinman emails reveals SEC’s internal discord over crypto regulation, though they offer limited legal advantage to Ripple and XRP. Following intense legal battles, Ripple, the cryptocurrency platform, unveiled a trove of emails by former Securities and Exchange Commission (SEC) director, William Hinman. These emails pertained to Hinman’s 2018 speech in which he declared Bitcoin and Ethereum as non-security assets. Despite the high expectations surrounding the release of the Hinman emails, they offered little new evidence that could assist Ripple in its ongoing lawsuit against the SEC. The conversations within Hinman’s emails primarily revolved around preparation for…

In a recent interview, Coinbase CEO Brian Armstrong discussed regulatory complexities, company strategies, and the future of the crypto industry. The CEO of leading cryptocurrency exchange, Coinbase, recently participated in an extensive discussion. He shed light on a myriad of topics central to the crypto space, offering valuable insights on regulatory challenges, their implications, and future strategies for navigating the evolving landscape. Understanding Cryptocurrency Regulation The Coinbase CEO reflected on the complex nature of the cryptocurrency industry and the regulatory issues that come with it. This ambiguity primarily arises from the varying nature of digital assets, which can fall under…

Valhil Capital’s research suggests that the fair value of XRP may be between $3.5K and $22K, affected by the ongoing Ripple-SEC lawsuit. As per recent revelations by Jimmy Vallee, the Managing Director at Valhil Capital, and Molly Elmore, the Blockchain Businesses CMO of Valhil Capital, the current price of XRP, the native cryptocurrency of the Ripple network, may be severely undervalued. The duo has conducted an extensive two-year research and published a Whitepaper stating that XRP’s fair value should range between $3.5K to $22K, rather than its present market price. Elmore made the comprehensive research paper available to the public…

Despite predictions, the U.S. labor market outperformed in May, leading to mixed economic interpretations and impacting digital asset markets such as crypto. May 2023 came as a surprise for many economists as the U.S. labor market numbers far exceeded the anticipated figures. Instead of the projected 195,000, a whopping 339,000 jobs were created, as per the Bureau of Labor Statistics (BLS) report. For 14 consecutive months, job creation has consistently surpassed Wall Street forecasts, reflecting a resilient labor market, capable of surprising even seasoned economists. This continued positive trend led to an upward surge in stocks, with investors optimistic about…

The SEC targets Binance and Coinbase, while allegations emerge of Gensler offering advisory services to Binance in 2019. In recent events, the U.S. Securities and Exchange Commission (SEC) has targeted two significant crypto brands – Binance and Coinbase – with lawsuits. These legal actions have set off alarm bells across the global cryptocurrency industry. With stark differences in the nature of the allegations, both cases have raised serious questions about the future of crypto regulation. SEC versus Binance Binance, the world’s leading digital asset exchange by volume, found itself in the SEC’s crosshairs with accusations of financial misconduct. SEC Chairman…

A divorce case exposed hidden Bitcoin assets, while the metaverse emerges as a popular venue for virtual weddings. A high-profile divorce case in New York recently uncovered hidden Bitcoin assets worth approximately $500,000. The wife, under the pseudonym ‘Sarita’, grew suspicious of her husband’s financial disclosure, considering his $3 million annual income. Her gut feeling led her to hire a forensic accountant, who eventually unearthed the husband’s concealed stash of 12 Bitcoins. Hidden Bitcoin Assets Uncovered in High-Stakes Divorce Case Crypto Forensics Sheds Light on Hidden Assets Sarita’s initial hunch about undisclosed wealth grew from her husband’s high annual income…

Inferno Drainer, a new phishing scam, has reportedly pilfered about $6 million in cryptocurrencies and NFTs in weeks. Inferno Drainer has emerged as a significant player in the domain of phishing scams, making off with nearly $6 million in various cryptocurrencies and Non-Fungible Tokens (NFTs) within a few weeks. The insidious software targets prominent projects on leading blockchains, leaving no stone unturned in its pursuit of digital wealth. Scam Sniffer Sheds Light on Inferno Drainer’s Operations Scam Sniffer, a platform dedicated to exposing scams, reported that Inferno Drainer, a malicious software provider, has links to scams worth several millions. The…

The looming U.S. debt ceiling crisis may impact global markets and bolster cryptocurrencies like Bitcoin as alternative safe havens. In a few days, the United States government could exhaust its funds, facing a potential financial catastrophe. The world’s biggest economy has hit a debt ceiling of $31.4 trillion, meaning it can’t borrow any more money. This article will shed light on the debt ceiling concept, possible default scenarios, and their implications on the global markets and cryptocurrency portfolio. Simply put, the debt ceiling is a limit on the amount the U.S. government can borrow. Governments often spend more than they…