Lightning Labs has announced the launch of Taproot Assets on the Bitcoin mainnet, introducing tokenized asset capabilities to the network. This release allows for the issuance, management, and exploration of stablecoins and other assets on the Bitcoin blockchain. Taproot Assets is expected to enable the issuance of various global currencies, with transactions settled instantly over […]
Accounting professor Peter Easton provided testimony in the trial of former FTX CEO Sam Bankman-Fried, shedding light on the commingling of funds between FTX and Alameda Research. Easton’s analysis revealed that Alameda used funds from FTX customers to invest in various ventures, resulting in a negative balance of $11.3 billion with FTX in June 2022. […]
Twitter, now known as X, is conducting a trial in New Zealand and the Philippines to combat bot activity on its platform. The trial, called “Not A Bot,” requires new users to verify their phone number and payment method by either paying to become a verified enterprise account, opting into a premium subscription, or paying […]
The European Central Bank (ECB) has announced its plans to develop a central bank digital currency (CBDC) for the eurozone. ECB President Christine Lagarde stated on Twitter that they are preparing the currency for the future, although a final decision on issuing a digital euro has not been made yet. The digital euro is designed […]
In a recent development, Binance, the world’s largest cryptocurrency exchange, is facing serious allegations of “aggravated money laundering” in France. French prosecutors initiated an investigation into Binance in June 2023, looking into allegations of money laundering and the operation of an unauthorized exchange. The raid occurred just days after Binance France President, David Prinçay, stated […]
BlackRock, a major financial firm, is making significant moves in the world of blockchain technology and digital assets, signaling a shift in traditional finance. The company has become the first major player on Wall Street to utilize JPMorgan’s blockchain-based collateral settlement system, a move that promises to make settlement processes more efficient and transparent. In […]
The recent security breach at Stake.com, a popular online crypto casino, has resulted in the loss of $41 million to hackers. The incident is considered one of the significant attacks on the cryptocurrency industry this year. The FBI has identified the Lazarus Group, a North Korean state actor, as the responsible party for the theft. […]
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has imposed sanctions on a cryptocurrency operator allegedly linked to the terrorist group Hamas. The move comes after Hamas carried out an attack on Israel, resulting in multiple casualties. OFAC added a Gaza-based virtual currency exchange and its operator to […]
Recent reports have revealed that Hamas, the militant group controlling the Gaza Strip, has been using cryptocurrencies to fund its operations in Israel. This allows them to bypass international sanctions imposed by the West. In response, Israeli authorities have confiscated several wallet addresses believed to be owned by Hamas. The conflict between Israel and Hamas […]
VALR, a South African crypto platform, has announced a strategic partnership with Visa to issue Visa cards to its crypto customers. The partnership aims to deliver innovative digital payment solutions to users in Africa and global markets. VALR has raised over $50 million and received initial regulatory approval from Dubai’s Virtual Assets Regulatory Authority. The […]
