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1 year, 1 month ago
Binance 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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1 year, 1 month 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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1 year, 1 month 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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1 year, 1 month 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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1 year, 1 month 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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1 year, 1 month 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…
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1 year, 1 month agoStellar Development Foundation Partners with Certora to Enhance Security of Soroban Smart Contracts Platform
The Stellar Development Foundation has partnered with Certora to enhance the security of its smart contracts platform, Soroban. Certora’s formal verification tools will not only check the code but also offer c…
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1 year, 1 month agoGenesis Global Holdco to Pay $175 Million Settlement to FTX in Bankruptcy Case
Alameda Research, a company affiliated with FTX, is set to receive $175 million from Genesis Global Holdco as part of a settlement agreement approved by the United States Bankruptcy Court for the Southern District…
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1 year, 1 month agoFormer CEO of Crypto Lending Firm Voyager Digital Faces CFTC Lawsuit for Alleged Fraud and Registration Failures
The United States Commodity Futures Trading Commission (CFTC) has taken legal action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. The CFTC has filed a complaint in the U.S.…
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1 year, 1 month agoRussian Hackers Linked to Multimillion FTX Hack, Elliptic Report Reveals
Blockchain intelligence company Elliptic has linked the $400 million hack of cryptocurrency exchange FTX to Russian hackers. According to Elliptic’s report, the attacker used an unsophisticated method of l…
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1 year, 1 month agoFormer FTX CEO Accused of Directing Fraud by Ex-Alameda Research Chief
Former Alameda Research CEO Caroline Ellison has accused former FTX CEO Sam Bankman-Fried of instructing her to commit fraud. According to court transcripts from Bankman-Fried’s trial, Ellison claims that A…
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1 year, 1 month agoRussian Energy Giant Gazprom Faces Declining Market Share and Reliance on China
Russian President Vladimir Putin’s attempt to use Gazprom as a geopolitical tool against the European Union (EU) has backfired. After threatening to cut off gas supply to Europe, Putin is now scrambling to find n…
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1 year, 1 month agoReal Estate-Backed Stablecoin USDR Loses Peg to USD, Plunges to $0.51
Real USD (USDR), a stablecoin backed by real estate and cryptocurrency, experienced a significant drop in value, falling to $0.51 from its 1:1 peg to the US dollar. The depegging occurred due to a surge in…
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1 year, 1 month agoHamas Turns Away from Bitcoin as Law Enforcement Tracks Crypto Donations
Following the recent events in Israel, there have been reports in mainstream media about the alleged connection between Bitcoin and crypto donations to Hamas, a terrorist group. It is claimed that Hamas has raised…
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1 year, 1 month agoGenesis Suspends Customer Withdrawals and Settles $175 Million Lawsuit with FTX
Cryptocurrency company Genesis has suspended customer withdrawals in its lending unit, adding to the challenges faced by the digital currency industry. This comes after the company filed for bankruptcy earlier this…
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1 year, 1 month agoReal-estate-backed stablecoin USDR suffers major depegging crisis, resulting in investor losses
During a recent crisis involving the real-estate-backed stablecoin Real USD (USDR), a trader suffered a significant loss after swapping 131,350 USDR for 0 USD Coin (USDC). The swap took place on the BNB Chain…
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1 year, 1 month agoCoinMarketCap Launches ChatGPT Plugin for Real-Time Crypto Data Analysis
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…
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1 year, 1 month agoSam Bankman-Fried's Trial Unveils Alleged Bitcoin Price Manipulation and Financial Irregularities at FTX
In the ongoing trial of Sam Bankman-Fried, the creator of FTX, shocking revelations have emerged from the testimony of Caroline Ellison, his former partner and ex-head of Alameda Research. Ellison’s testimony has u…
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1 year, 1 month agoBitcoin Spark (BTCS) Revolutionizes Crypto Standards with Decentralized Validation and Rental Services
Bitcoin Spark (BTCS), Avalanche (AVAX), Stellar (XLM), and Monero (XMR) are revolutionizing the cryptocurrency industry with their innovative approaches. Bitcoin Spark, a new Bitcoin fork, aims to overcome the…
