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Latest from Jennifer Sanasie
BNB Smart Chain Resumes Operations After Major Exploit; FTX Partners with Visa on Crypto Debit Card
The BNB Smart Chain (BSC) resumed operations as chain validators adopted a software update that would close the exploit used by hackers to drain funds off-chain. Plus, FTX has partnered with Visa to roll out crypto debit cards across 40 countries.
Do Kwon’s Passport Set to be ‘Invalidated’ By South Korea; Warner Music Group’s Web3 Push
CORRECTION: Since publication, the reporting and headline of Celsius executives withdrawing crypto has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that most of his apparent withdrawals were sent to other accounts at Celsius. The original headline indicated a figure of $42 million.
South Korean Prosecutors Reportedly Freeze $39.6M in Crypto Owned by Do Kwon; Global CBDC Framework
Prosecutors in South Korea have frozen 56.2 billion won ($39.6 million) of cryptocurrency assets belonging to Do Kwon, CEO of Terraform Labs, the firm behind the failed Luna stablecoin project, according to Korean media outlet News1. Plus, SWIFT says it has proved it can be the way forward for global central bank digital currencies (CBDCs).
Elon Musk Reportedly Proposes to Proceed With Twitter Acquisition; Solana NFT Sales Jump in September
Tesla CEO Elon Musk has proposed moving forward with his on-again/off-again purchase agreement for Twitter at $54.20 per share, according to Bloomberg. Plus, new data from DappRadar sheds light on the non-fungible token (NFT) marketplace amid crypto winter.
Kim Kardashian Faces SEC Scrutiny Over Crypto Promotion; Coinbase Fixes Technical Problem
Reality TV star Kim Kardashian has paid $1.26 million to the U.S. Securities and Exchange Commission to settle charges relating to her promotion of the EthereumMax digital token. Plus, Coinbase has fixed a technical problem that caused it to temporarily halt payments and withdrawals involving U.S. bank accounts.