Hashlock Confirms Security of $XBO Token in Latest Smart Contract Audit

Hashlock Confirms Security of $XBO Token in Latest Smart Contract Audit

The $XBO token, set to launch in its Token Generation Event (TGE) on August 18th, 2025, has achieved a “Secure” rating following a rigorous smart contract audit by Hashlock, a global leader in Web3 security and smart contract auditing. This milestone underscores XBO.com’s commitment to protecting its users and building long-term trust as it expands…

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Ripple developer discloses significant increase in XRP burn rate, with disappearance of 247K tokens

Ripple developer discloses significant increase in XRP burn rate, with disappearance of 247K tokens

A surge in XRP burns, resulting from account deletions on the XRP Ledger network, raises questions and speculation within the crypto community. Key Points A surge in XRP burns has captured the attention of the cryptocurrency community. Approximately 247,000 XRP tokens were mysteriously burned, leading to confusion among crypto enthusiasts. This is mostly the result…

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The Fahrenheit Consortium, composed of Arrington Capital, a venture capital firm, and US Bitcoin Corporation, a miner, has successfully acquired Celsius Network's assets through a court-sanctioned auction process. The consortium has received assets worth around $2 billion from Celsius, consisting of their institutional portfolio of loans, staked crypto assets, mining units, and various alternative investments. https://twitter.com/CelsiusNetwork/status/1661807582099505190?t=X-nq5KM0tN8Xd83LQIIhkg&s=19 About the Celsius Acquisition As per legal records, the acquisition of Celsius Network, which had gone bankrupt, has been won by The Fahrenheit Consortium. After being acquired by the Fahrenheit Consortium, Celsius Network is set to be managed by a new entity called NewCo, which will be owned by its creditors. The group, consisting of Arrington Capital and US Bitcoin Corp, will provide the financing, management team, and technology needed to create and operate NewCo. https://twitter.com/CelsiansNetwork/status/1661741113160630272?t=7lGZ3olS6iTGVPvPObF7Cg&s=19 In addition, Celcius has disclosed that they have also secured a secondary proposal from the Blockchain Recovery Investment Consortium (BRIC) which will act as a backup plan and be implemented if needed. NovaWulf, the competing bidder, was unsuccessful in securing the purchase. Significance of this Acquisition After the crypto market crash, Celsius declared bankruptcy in July. Despite this setback, the company had previously secured $1.2 billion through a token sale in 2018 and had a valuation of $3.1 billion during a funding round in April 2021. Luckily, the Fahrenheit Consortium has taken over Celsius, which is anticipated to furnish the required resources for the company's ongoing operation and service expansion. The consortium has committed to investing as much as $500 million in Celsius's assets, which will supply the essential capital for the company's business development. It is also anticipated that BRIC will establish a mining corporation that will be publicly traded, granting Celsius creditors full proprietorship of the equity concerns. Moreover, there is a possibility of a management contract with GlobalXDigital. Celsius aims to discuss and present several crucial papers in the following weeks, subject to endorsement from the bankruptcy court.

Fahrenheit Consortium Emerges Victorious in Auction for Celsius’s Assets

The Fahrenheit Consortium, composed of Arrington Capital, a venture capital firm, and US Bitcoin Corporation, a miner, has successfully acquired Celsius Network’s assets through a court-sanctioned auction process. The consortium has received assets worth around $2 billion from Celsius, consisting of their institutional portfolio of loans, staked crypto assets, mining units, and various alternative investments….

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US prosecutors sold seized Bitcoin, possibly violating Trump reserve order

Federal Bitcoin Sale Sparks Legal Questions Federal prosecutors in the Southern District of New York, along with the Department of Justice, are facing some serious questions right now. They’re accused of selling millions of dollars in seized Bitcoin, and this move might have directly violated an Executive Order from former President Donald Trump. It’s about…

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ZeptoLab and the Sandbox join forces to unlock the power of web3

ZeptoLab and the Sandbox join forces to unlock the power of web3

The Metaverse is a revolutionary technology that is gaining traction among tech-savvy individuals and companies alike. It is a virtual world that is powered by blockchain technology, allowing users to interact with each other in a virtual environment. Due to its increasing presence, several tech giants are investing in this potential technology. Following the footsteps…

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FTX's Battle for Privacy: Refusing to Release Customer List that Could Impact Sale Value

FTX’s Battle for Privacy: Refusing to Release Customer List that Could Impact Sale Value

Key Points  In November 2022, FTX, a prominent crypto exchange, filed for bankruptcy, sending shockwaves throughout the industry. Recent reports suggest that FTX is now fighting to keep its customer list under wraps, citing concerns that its release could negatively impact the exchange’s sale value.  The legal implications of this move remain unclear, leaving FTX…

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