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Kyle Davies, the founder of bankrupt Three Arrows Capital (3AC), was recently interviewed on the cryptocurrency podcast Unchained. During the interview, Davies explained how he intends to avoid his prison sentence in Singapore, how he still believes his actions were not fraudulent, and why “Uncle Kyle’s Chicken restaurant” is still unlaunched.  Davies claimed the pending Singaporean prison sentence was a surprise, blamed his and Su Zhu‘s lawyers for not adequately reminding them about the court date that they missed, and also said that “this is not my full-time job.” Despite their lawyers apparently being responsible for their prison sentences, Davies noted that he has not fired his lawyers, though he did muse that, “maybe we should.” Davies also noted that he does not intend to return to Singapore for as long as the prison sentence is waiting for him. Davies has also not returned to the United States since the collapse of Three Arrow...

Data from DeFiLlama showed that transaction volume for many L1s surged last November. Avalanche’s monthly transaction volume rose by the highest value since July 2022. The surge in transaction volume also reflected in the prices of the blockchains’ native tokens. Many Layer-1 blockchains experienced significant growth in trans action volume last November, according to Colin Wu, a renowned crypto journalist. Wu posted the information on X (formerly Twitter), referring to data from DeFiLlama, a platform for crypto data aggregation. In November, the trans action volume on multiple L1s experienced significant growth. The trans action volume on the Avalanche increased by 167% MOM to $2.73 billion, the highest since July last year; the trans action volume of Osmosis increased by 113% MOM to $490 million; in… — Wu Blockchain (@WuBlockchain) December 2, 2023 According to Wu, the trans action volume on Avalanche, an Ethereum rival known for speed and scalabi...

In a remarkable display of integrity and cooperation within the cryptocurrency world, Bitcoin miner F2Pool has swiftly resolved a significant financial mishap. Paxos, the party responsible for a recent erroneous Bitcoin trans action with an astronomical trans action fee of $510,000, found themselves at the centre of this high-stakes drama. On September 10, 2023, Paxos attempted to execute a relatively modest Bitcoin transfer of 0.074 BTC, valued at less than $2,000. However, a critical error occurred in this seemingly routine transaction, resulting in a staggering transaction fee of 19 BTC, equivalent to approximately $510,000. This monumental blunder marked the highest transaction fee recorded on the Bitcoin network, sending shockwaves throughout the crypto community. The swift and ethical response to this crisis began with F2Pool, a prominent Bitcoin mining entity. In a commendable act of responsibility, F2Pool recognised the gravity of the situation and promptly i...

In a single cryptocurrency trans action that shook the Shiba Inu world, a whale has transferred a staggering 3,484,812,794,902 SHIB. While rumors are circulating as to the identity of the whale behind this mammoth move, the news has certainly made waves in the crypto community. 3,484,812,794,902 #SHIB (40,284,435 USD) transferred from unknown wallet to unknown wallethttps://t.co/W1gioFya4q — Whale Alert (@whale_alert) April 16, 2023 Following its period of consolidation, Shiba Inu has started to show new signs of life, recording nearly 7% gains from its seven-day low. With a growing community of holders and supporters, the token is positioning itself to become a major player in the crypto world. Looking at the SHIB/USD technical outlook, it appears that Shiba Inu has managed to break out of its recent consolidation phase. The Relative Strength Index (RSI) is currently at 57, indicating that there’s room for the token to move further upwards. SHIB/US...