Ethereum DEX Volumes Plummet 34% in One Week, Casting Shadow on ETH Price Outlook

The outlook for Ethereum’s price has taken a hit as decentralized exchange (DEX) volumes on the Ethereum network plunged by 34% in just one week. This significant decrease in DEX activity is raising concerns about the impact on Ethereum’s price. The drop in DEX volumes is a worrying sign for Ethereum investors and traders, as [...]

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ShadowFi loses $301,000 to massive exploitation

In another recent attack on DeFi platforms, a crypto-private project identified as ShadowFi has suffered exploitation by hackers. The exploitation, which claimed about $301,000, became [...]

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Ethereum Devs Records Huge Success in First Mainnet Shadow Fork

As Ethereum approaches its long-awaited transition to proof of stake, developers have launched the first "shadow fork" for the Ethereum mainnet.

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First Shadow Fork Launches on Ethereum Mainnet,Transition to PoS Gains Steam

The move from proof-of-work (PoW) to proof-of-stake (PoS) known as the merge attained a landmark achievement after the first shadow fork went live on the Ethereum (ETH) mainnet. (Read More)

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Ethereum Shadow Fork Is Live — Here Are The Details

As we move closer to June 2022, we expected Ethereum to come out with some news regarding their merge — where the network moves from proof-of-work to proof-of-stake. Here are the latest details on their shadow fork that went live today. Covered: Ethereum’s Shadow Fork Is Live Ethereum Developers Are Confident In The ‘Merge’ Ethereum’s […]

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Myanmar’s shadow government backs launch of crypto-based bank

Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding. The Spring Development Bank is named after the Spring Revolution, the opposition movement led by Myanmar’s exiled National Unity Government (NUG) against the [...]

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US Prosecutors Seek Lengthy Sentence for Crypto Shadow Bank Executive

US prosecutors seek a sentence of at least 7 years imprisonment for Reginald Fowler, a former minority owner of the Minnesota Vikings NFL team, over his alleged involvement in shadow banking practices through Crypto Capital Corp, an alleged crypto shadow bank. Fowler is accused of acting as an unlicensed money transmitter and deceiving financial institutions through Global Trading Solutions (GTS), a firm he established under Crypto Capital in 2018. GTS and Crypto Capital are alleged to have processed approximately $750 million in cryptocurrency transactions, providing unlicensed crypto firms with unlawful access to the U.S. banking system. (Read More)

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US Attorney seeks 7-year sentence for exec in crypto shadow banking case

U.S. prosecutors are wanting Reginald Fowler to face at least seven years in jail if convicted on April 20.

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Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’

Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions over a 10-month timespan in 2018. The 63-year-old, who was a co-owner of the Minnesota Vikings, was sentenced to a total of [...]

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