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11 months, 4 weeks agoStablecoin Holder Loses Over $100,000 as USDR Plummets on Polygon Network
A stablecoin holder on the Polygon network suffered a significant loss of over $100,000 after panic selling their USDR tokens, which depegged from the US dollar on October 11. The holder swapped 131,350 USDR for…
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11 months, 4 weeks agoFormer CEO of Miami Investment Firm Pleads Guilty to Crypto Fraud Conspiracy
Former CEO of Miami-based investment firm, Peter Kambolin, has pleaded guilty to a conspiracy to commit commodities fraud involving crypto futures contracts. The United States Department of Justice revealed that…
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11 months, 4 weeks agoVoyager Digital and Former CEO Face Legal Action for Fraud and Misleading Customers
The US Commodity Futures Trading Commission (CFTC) has filed a complaint against Voyager Digital and its former CEO, Stephen Ehrlich, alleging fraud and registration failures. The CFTC claims that Ehrlich falsely…
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11 months, 4 weeks agoCircle Granted Permission to Weigh in on SEC Lawsuit Against Binance
Amid the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Binance, a significant development has emerged involving Circle, the issuer of stablecoin USD Coin (USDC). Circle has been…
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11 months, 4 weeks agoBlockFi Founder Reveals Extensive Dealings with Alameda in SBF Trial
Caroline Ellison, a former top deputy to FTX founder Sam Bankman-Fried (SBF), concluded her testimony on the seventh day of the SBF trial. Her detailed account shed light on her complex relationship with SBF, both…
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11 months, 4 weeks agoMassive Flash Loan Attack on BNB Chain Nets Perpetrator $1.575 Million Profit
The BNB Chain recently experienced a significant flash loan attack, resulting in a massive arbitrage profit of $1.575 million for the attacker. The attack took place on the Pancakeswap DEX network and only cost the…
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11 months, 4 weeks agoBitVM Aims to Scale Bitcoin, Not Launch DeFi Applications, Says Developer
One of the developers behind BitVM, a Bitcoin-based virtual machine, has clarified that the technology is primarily focused on scaling Bitcoin rather than enabling decentralized finance applications like Ethereum.…
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11 months, 4 weeks agoNFT Market Shows Signs of Life Amidst Decline
Headlines proclaiming the death of NFTs have become common in the blockchain industry, but the reality is more nuanced. While it’s true that many NFTs are worthless, this is not surprising given the history of o…
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11 months, 4 weeks agoReal Estate-Backed Stablecoin Plummets After Depegging from USD
A stablecoin called Real USD (USDR), which is built on the Polygon (MATIC) layer-2 scaling solution and backed by real estate assets, has experienced a significant loss in value after detaching from the US dollar.…
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11 months, 4 weeks agoHouse Oversight Committee Threatens SEC Chair with Subpoena Over Lack of Cooperation
James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission (SEC) chair Gary Gensler with a subpoena. Comer expressed…
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11 months, 4 weeks agoArk Invest Updates Bitcoin ETF Prospectus in Response to SEC Concerns
Ark Invest, led by Cathie Wood, has filed an updated version of its spot Bitcoin ETF prospectus in response to feedback from the U.S. Securities and Exchange Commission (SEC). The SEC had requested clarifications…
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11 months, 4 weeks agoTrader Joe's Files Lawsuit Against Decentralized Exchange Trader Joe Over Trademark Infringement
United States supermarket chain Trader Joe’s has filed a complaint against decentralized exchange Trader Joe, accusing it of federal trademark infringement and dilution. The lawsuit claims that Trader Joe and its c…
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11 months, 4 weeks agoRipple's XRP Gains Unique Non-Security Status in the US Following Court Ruling
Ripple’s recent legal victory against the US Securities and Exchange Commission (SEC) has had significant implications for its cryptocurrency, XRP. The ruling by Judge Analisa Torres classified XRP as a n…
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11 months, 4 weeks agoBinance CEO's Tweet Blamed for FTX's Collapse in Former CEO's Testimony
According to former Alameda Research CEO Caroline Ellison, a tweet from Binance CEO Changpeng Zhao (CZ) played a role in the collapse of cryptocurrency exchange FTX. In the tweet, CZ announced that Binance would be…
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11 months, 4 weeks agoFormer Engineer Reveals $190 Million Losses Due to Poor Security Practices at Alameda Research and FTX
Amidst ongoing legal proceedings, new testimonies have emerged against Sam Bankman-Fried (SBF) and his operations. A former engineer at Alameda Research, the sister hedge fund of FTX, has come forward with…
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11 months, 4 weeks agoStars Arena Recovers Almost All Stolen Assets After Security Breach
Avalanche-based social app Stars Arena has successfully recovered the majority of its lost assets following a recent security breach. The hacker responsible for the breach agreed to return the stolen $2.9 million…
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11 months, 4 weeks agoCoins.ph Partners with Circle to Enhance Remittance Services for Filipino Users
Philippine-based cryptocurrency exchange Coins.ph has partnered with fintech firm Circle to enhance remittance services for its 18 million Filipino users. The collaboration aims to leverage stablecoin-denominated…
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11 months, 4 weeks agoCrypto Influencer Challenges Billionaire Calvin Ayre to $100 Million Bet on Craig Wright's Identity as Satoshi Nakamoto
Kara Szabo, a crypto influencer, has challenged Canadian billionaire Calvin Ayre to a $100 million bet if he can prove that Craig Wright is the creator of Bitcoin, Satoshi Nakamoto. Ayre responded by stating that…
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11 months, 4 weeks agoMastercard Completes Successful CBDC Trial on Ethereum Blockchain
Mastercard has successfully completed a trial of a central bank digital currency (CBDC) in collaboration with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). The…