Standard Crypto has backed a $140 million raise for Walrus Foundation, an organization looking to build a highly scalable decentralized storage solution on Sui. The Walrus protocol is a blockchain-based data storage platform currently in testnet. Per details in a…
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LG shuts down Art Lab NFT marketplace three years after launch [btcmanager]
LG is winding down its Art Lab, allowing collectors to withdraw NFTs before its closure in June. South Korean multinational electronics tycoon LG is winding down its LG Art Lab platform, a marketplace for non-fungible tokens launched to bring digital…
Infini Labs $50m heist a ‘textbook insider sttack,’ says security expert [btcmanager]
Infini Labs, a crypto-focused neobank, has filed a lawsuit against an engineer it accuses of embezzling nearly $50 million from the platform. The stablecoin digital bank accuses Chen Shanxuan of retaining “super admin” authority as the crypto platform’s smart contract…
Infini Labs $50m heist a ‘textbook insider sttack,’ says security expert [btcmanager]
Infini Labs, a crypto-focused neobank, has filed a lawsuit against an engineer it accuses of embezzling nearly $50 million from the platform. The stablecoin digital bank accuses Chen Shanxuan of retaining “super admin” authority as the crypto platform’s smart contract…
Infini Labs $50m heist a ‘textbook insider attack,’ says security expert [btcmanager]
Infini Labs, a crypto-focused neobank, has filed a lawsuit against an engineer it accuses of embezzling nearly $50 million from the platform. The stablecoin digital bank accuses Chen Shanxuan of retaining “super admin” authority as the crypto platform’s smart contract…
HyperLiquid whale tied to fraudster William Parker: ZachXBT [btcmanager]
Blockchain investigator ZachXBT has alleged that a trader who recently amassed $20 million on HyperLiquid through leveraged trading is likely William Parker. Parker is a convicted fraudster with a history of hacking and gambling-related crimes. In a detailed thread on…
TON Foundation’s $400m funding round signals strong institutional interest [btcmanager]
TON Foundation successfully closed more than $400 million in token-based funding from some of the most reputable venture capital firms. According to a March 20 press release sent to crypto.news, investors include Sequoia Capital, Ribbit, Paradigm, Benchmark, and Kingsway. The…
TON Foundation’s $400m token-based investment reflects growing VC confidence [btcmanager]
TON Foundation has secured over $400 million in token-based investments from some of the most reputable venture capital firms. Editor’s note: This article has been updated to clarify that the $400 million figure represents a token-based investment in Toncoin, not…
Red alert: Bitcoin price rebound could fade as technical patterns turn bearish [btcmanager]
Bitcoin price drifted upwards this week after the Federal Reserve delivered a mixed interest rate decision on Wednesday. Bitcoin (BTC) recovered to a high of $87,375, its highest level since March 7, and up by 13% from its lowest level…
Swiss Central Bank rejects Bitcoin for reserves, citing volatility: report [btcmanager]
Swiss National Bank Governor Martin Schlegel reaffirmed the central bank’s position against incorporating Bitcoin or other digital assets into its foreign exchange reserves. Schlegel expressed concerns to Bloomberg regarding Bitcoin’s (BTC) high volatility, instability, and the regulatory challenges associated with…