CoinQue Chronicles
Web3 Market News At a Glance:
Weekly round-up of the most exciting pieces of news from the ??cryptocurrency??, ??blockchain??, and ??Web 3.0?? space ??
Bitcoin's Popularity Soars On Chinese Social Media Despite Xi Jinping's Government Crackdown
Despite the Xi Jinping government’s hardline stance against cryptocurrencies, Bitcoin continues to gain traction on Chinese social media platforms. Bitcoin ranked as the 11th most-searched term on Weibo, a microblogging service.? Read more?
Bitforex Freezes Withdrawals Amid $56.5 Million Outflow and Radio Silence
Bitforex, a prominent centralized cryptocurrency exchange, unexpectedly suspended ?withdrawals for its users. This transaction pause came shortly after an alleged $56.5 million was withdrawn from the exchange’s hot wallets. Read more?
SEC Flags Terraform Labs’ $166 Million Payment to Lawyers
The United States Securities and Exchange Commission (SEC) has flagged Terraform Labs $166 million in payments to Denton since 2023. In a new filing, the financial regulator opposed the retainer payment to the law firm arguing that Terraform Labs should not retain their services during the trial. Read more?
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Jeff Bezos Sparks Bitcoin Investment Rumors After Stock Liquidation
The crypto world is buzzing with rumors that Jeff Bezos, the brains behind Amazon, might be stepping into Bitcoin investment. This speculation comes from Apollo co-founder Thomas Fahrer's suggestion on X (formerly Twitter) that Bezos's latest financial moves hint at a growing interest in BTC. Read more?
Ripple Files New Lawsuit Over Sale of XRP Tokens in California
Popular cryptocurrency company Ripple (XRP) is in the news for yet another class action lawsuit after its case with the U.S. Securities and Exchange Commission (SEC). The lawsuit has been filed in the Northern District of California, involving both the company and its CEO, Brad Garlinghouse. Read more?
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