Software engineer sentenced to three years in prison for Nirvana hack

In the Southern New York District Court, Computer security engineer Shakeeb Ahmed received a sentence of three years in prison, with an additional three years of supervised release. This punishment was imposed after Ahmed was found guilty of carrying out flash loan attacks on Decentralized Crypto Exchanges and Nirvana exchanges during the year 2022. (Or: … Read more

Paris Blockchain Week recap: Optimism abounded as the Bitcoin halving approaches

The Paris Blockchain Week, a three-day exclusive conference with panel discussions, debates, and speeches from an array of international blockchain experts, has wrapped up its fifth successful run. During Blockchain Week in France, CryptoMoon was present to record the notable moments, and there were indeed many. As we move forward with new dates in our … Read more

Cardano ‘not a Bitcoin clone’: Unpacking ADA’s approach

Cardano founder claims that legacy media ignores the L1 network  Hoskinson cites Cardano’s Japan roots, tech stack and philosophy as reasons for media blackout.  In the year 2024, Cardano [ADA] faced significant negative hype and misinformation (FUD). The term “junk” or “dog sh*t” was used to describe it by some, while others labeled it a … Read more

Billionaire’s suit over scam crypto ads on Meta dismissed in Australia

An Australian mining magnate, Andrew “Twiggy” Forrest, has withdrawn a lawsuit against Meta over allegations of fraudulent cryptocurrency advertisements featuring him. These ads reportedly caused significant financial harm to unsuspecting individuals. However, the prosecution argued that there wasn’t enough evidence to support the claim. In February 2022, Forrest, Australia’s second-wealthiest individual and chairman of Fortescue … Read more

Bitcoin vs. gold: Which is the better inflation hedge?

Bitcoin raises mixed sentiments among traders as its price trends between $70k and $71k. Skeptics argue that Bitcoin is unfit to be considered even close to traditional asset classes. Although experiencing a temporary dip, Bitcoin’s price has rebounded and reached an all-time high of $71,000. This surpasses previous predictions following the halving event. However, as … Read more