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Posts published in “Asides”

FTX court filing reveals $7B in assets as firm aims to complete bankruptcy process by second quarter 2024

FTX is eyeing the completion of its bankruptcy process for the second quarter of next year, according to its Sept. 11 court filings. As per the filing, the firm is currently involved with ongoing negotiations and mediation with stakeholders over the coming months to resolve open plan issues involving its bankruptcy plans...

The crucial role of randomness in gaming and web3’s novel solutions: An Interview with Felix Xu

As a journalist, I get hundreds of requests for interviews and articles every week. When I came across information on Randcast, I was intrigued. Most pitches for web3 gaming stories are related to new drops, updates, or partnership announcements for games I’ve never heard of. However...

New Celsius 2.0 company board proposal released, led by former Algorand CEO

Bankrupt crypto lender Celsius has proposed the appointment of Algorand’s blockchain former chief executive officer Steven Kokinos as the CEO of the new company that will take over its operations, according to court filings. Kokinos, who left Algorand in 2022, is the co-owner of Fahrenheit Holdings and Arrington Capital. ...

Five accused of illicit $76M cryptocurrency scam captured in Thailand

In a massive cross-border operation, four Chinese nationals and a Lao citizen were apprehended over their alleged involvement in a multimillion cryptocurrency scam that left a trail of devastation and losses amounting to over 2.7 billion baht ($76 million), according to the Cyber Crime Investigation Bureau (CCIB...

Cardano ADA price hits year-low amid DeFi slump and SEC classification concerns

Cardano’s ADA price has fallen to its lowest value in a year after slight declines in decentralized finance activity on the blockchain network. As per data from CryptoSlate, ADA is currently trading at $0.245, marking a 1.06% decline on the year-to-date metric. Interestingly, this price point represents the lowest value ADA has reached since the