The eleventh day of the trial of Sam Bankman-Fried (SBF) focused on the testimony of accounting experts who provided crucial information regarding the disappearance of $9 billion in FTX customer funds. Professor Peter Easton from the University of Notre Dame and FBI accountant Paige Owens presented their analysis of FTX and Alameda’s accounts and bank […]
BNB Chain has announced the launch of its Greenfield Mainnet, a decentralized storage-centric network designed for data-intensive decentralized applications within the BNB ecosystem. The network offers customizable storage solutions that integrate with smart contracts on the BNB Smart Chain. Greenfield provides integrated access control, allowing users to upload data and set access permissions before service […]
A recent assessment by the Federal Deposit Insurance Corporation (FDIC) has revealed significant gaps in its ability to provide guidance to member banks regarding cryptocurrency activities. The review was prompted by the volatile nature of the crypto market, which reached a market capitalization of $3 trillion in November 2021 but has since dropped to $1.2 […]
Federal Reserve Bank governor Michelle Bowman has expressed uncertainty about the use case for a central bank digital currency (CBDC) in the United States. Speaking at a roundtable event at Harvard, Bowman suggested that there may be alternative solutions that already address the same issues that a digital dollar aims to solve. She highlighted that […]
In the midst of escalating tensions between Israel and Hamas, a bipartisan group of over 100 legislators, led by Senators Elizabeth Warren and Roger Marshall and Representative Sean Casten, have issued a note urging the Biden administration to address the alleged close relations between cryptocurrency and terrorism. The lawmakers express concern over reports suggesting that […]
Over 100 lawmakers in the United States are urging the Biden administration to clarify its efforts in combatting global terrorist financing through cryptocurrencies. This comes after reports that Hamas, the Islamist organization responsible for recent attacks on Israeli civilians, has raised millions of dollars using crypto over the past two years. Lawmakers allege that between […]
During a panel discussion at the Swan Pacific Bitcoin festival, industry experts debated the significance of the Bitcoin halving event on the cryptocurrency’s price. Marathon Digital CEO Fred Thiel and Swan CIO Ralph Zagury argued that liquidity, rather than the halving, is the main driver of Bitcoin’s price. They believe that the halving has little […]
The Inspector General’s Office (OIG) of the Federal Deposit Insurance Corporation (FDIC) has released an evaluation report on the corporation’s strategy for managing crypto asset risks. The FDIC adopted a “bottom up” approach to understanding and addressing these risks, which involves assessing supervised institutions’ crypto activities and providing guidance on a case-by-case basis. As of […]
Devin Walsh, the Executive Director of the Uniswap Foundation, believes that the Uniswap decentralized exchange (DEX) is becoming more decentralized. He compares its current state to that of Ethereum and acknowledges the active participation of the developer community in its success. This response comes after Antonio Juliano, the founder of dYxX, insinuated that Uniswap is […]
One developer, known as “0xIchigo,” believes that Solana is leading the way in terms of energy efficiency, but acknowledges that Ethereum is a formidable competitor that cannot be ignored. Solana, a generation-4 blockchain, aims to address the challenges faced by the original smart contract platform. It boasts higher performance and throughput, although there have been […]
