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Telegram Tells US Investors to Leave TON Blockchain Project and Take 72% Refund

Telegram Tells US Investors to Leave TON Blockchain Project and Take 72% Refund

Telegram now says US investors won’t get 110% refund and tells them to leave its blockchain TON project.

17,000 Customers Claim Refund from Collapsed Canadian Crypto Exchange QuadrigaCX

17,000 Customers Claim Refund from Collapsed Canadian Crypto Exchange QuadrigaCX

Ernst & Young, the trustee of the now-bankrupt cryptocurrency exchange QuadrigaCX, published a report showing that almost 17,000 people have filed for the remaining assets of the crypto exchange. EY assumed control of the crypto exchange in February 2019 after QuadrigaCX filed for bankruptcy. Ernst & Young took over custody of QuadrigaCX’s assets following the alleged death of Gerald Cotton, the founder of QuadrigaCX, who held the private keys to the crypto holdings, in January 2019. The report indicates that as many as 16,959 people have claimed assets ranging from Litecoin, Bitcoin, Ethereum, Bitcoin Gold, Bitcoin SV, and Bitcoin cash, along with US dollars and Canadian dollars.

Telegram Hit With $18.5 Million SEC Fine and Set to Return $1.2 Billion to Investors as it Dissolves TON Project

Telegram Hit With $18.5 Million SEC Fine and Set to Return $1.2 Billion to Investors as it Dissolves TON Project

Telegram will return $1.2 billion to investors and pay a fine of $18.5 million to the SEC as it dissolves TON network. But community members seek to revive the project.

a16z Floats $600m Gaming Fund

a16z Floats $600m Gaming Fund

After more than a decade of actively investing in the gaming industry, investment giant, Andreessen Horowitz (a16z) wants to further exert its influence in the space

Paradigm Bags Record-breaking $2.5b for Largest Crypto Venture Fund

Paradigm Bags Record-breaking $2.5b for Largest Crypto Venture Fund

Crypto investment firm Paradigm One smashed a previous record of $2.2 billion with $2.5 billion for the largest cryptocurrency venture fund ever.

SuperLayer Raises $25M With Backing from Polygon

SuperLayer Raises $25M With Backing from Polygon

SuperLayer, a blockchain venture studio, has secured $25 million in funding with backing from its strategic partner, Polygon Network - a Layer-2 scaling solution.

Web3.0 Game Startup Wildcard Alliance Pulls $46M in Series A Funding

Web3.0 Game Startup Wildcard Alliance Pulls $46M in Series A Funding

Wildcard Alliance, a new Web3.0 gaming startup has raised $46 million in a Series A funding round led by Paradigm Capital.

Ernst & Young Trustee Outline Options for Compensating QuadrigaCX Victims

Ernst & Young Trustee Outline Options for Compensating QuadrigaCX Victims

Ernst & Young has filed a report with the Ontario Superior Court of Justice suggesting how the court should distribute the recovered funds.

Curve Finance Announces Refund Plan Following $62 Million Hack

Curve Finance Announces Refund Plan Following $62 Million Hack

Curve Finance plans to refund users after a $62M hack on July 30. 79% of funds have been recovered, and the TVL has dropped to a 2-year low of $2.83B.

$1.7 Billion Rehabilitation Plan for Mt. Gox Hack Victims Shelved Until December

$1.7 Billion Rehabilitation Plan for Mt. Gox Hack Victims Shelved Until December

Victims of the now non-defunct crypto exchange Mt. Gox will have to wait on their refund following a 2014 hack, which triggered the loss of over 150,000 Bitcoin.

Jennifer Robertson to Pay $12 Million CAD in Quadrigacx Settlement

Jennifer Robertson to Pay $12 Million CAD in Quadrigacx Settlement

The death of Gerald Cotten, founder of Quadrigacx, a once reputable cryptocurrency exchange in Canada took the world by surprise. More surprising is the position taken by his widow, Jennifer Robertson, who will liquidate personal assets to cover customers' losses.

4 Reasons Why Bitcoin Dropped

4 Reasons Why Bitcoin Dropped

We analyze 4 reasons why bitcoin dropped and may dip further.

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