Trezor, a leading provider of hardware cryptocurrency wallets, is celebrating its 10th anniversary by launching three new products. The first is the Trezor Safe 3, a hardware wallet that supports over 7,000 cryptocurrencies. This wallet is a significant milestone for Trezor in its commitment to providing entry-level hardware wallets. It comes in four different colors […]
Judge Lewis Kaplan has made several pretrial evidentiary rulings in the case against FTX founder Sam Bankman-Fried. While he granted reconsideration on certain issues challenged by Bankman-Fried’s defense, he maintained his decisions to exclude arguments about FTX’s lack of regulation and evidence related to the firm’s bankruptcy proceedings. However, the judge did allow evidence of […]
Investment firm BlackRock has taken legal action against the owners of 44 internet domain names that it claims are using its name for fraudulent purposes. The company alleges that these domains, which include keywords such as ‘Blackrock’, ‘Aladdin’, ‘capital’, ‘crypto’, and ‘investments’, were registered in bad faith to deceive consumers and redirect traffic through tactics […]
A recent amendment to the joint spot Bitcoin exchange-traded fund (ETF) application by ARK Invest and 21Shares is seen as a positive sign of progress and potential approval. The amendment includes additional information about the proposed ETF, addressing concerns raised by the Securities and Exchange Commission (SEC). Bloomberg senior ETF analyst Eric Balchunas believes that […]
CoinMarketCap, a crypto data aggregator owned by Binance, has launched a new ChatGPT plugin. This plugin allows users to access real-time data directly from CoinMarketCap. By signing in to their ChatGPT Plus account and enabling the plugin, users can keep up with the rapidly changing crypto landscape. The plugin operates as an AI crypto analyst, […]
Former engineer at Alameda Research, Aditya Baridwaj, has claimed that FTX’s sister hedge fund lost at least $190 million due to avoidable scams. Baridwaj alleges that the firm’s agility led to major security incidents occurring every few months. One example cited is a trader at Alameda losing over $100 million after clicking on a malicious […]
Palau, a small island nation in the Pacific Ocean, is taking a significant step towards financial modernization by introducing a government-issued stablecoin powered by Ripple. This move aims to address the financial challenges faced by Palau, where cash transactions are prevalent and access to financial services is limited. By leveraging Ripple’s technology, Palau hopes to […]
In a recent development, a Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng “CZ” Zhao and three other Binance executives following an extensive investigation into financial pyramid schemes in Brazil. The committee’s report alleges fraudulent management practices, operating without sufficient authorization, and offering securities trading without approval against Zhao, Daniel Mangabeira, Guilherme […]
Galxe, a Web3 credentials and rewards platform, has taken swift action to address a recent DNS attack that left its users vulnerable. The platform has announced a refund of over $396,000 for more than 980 affected users, along with an additional 10% compensation on the lost funds. The refunds will be automatically returned to the […]
Decentralized finance (DeFi) is currently not a significant threat to overall financial stability, but it does require monitoring, according to the European Union’s financial markets and securities regulator, the European Securities and Markets Authority (ESMA). In a recent report titled “Decentralized Finance in the EU: Developments and Risks,” the ESMA discussed the benefits and risks […]
