Chinese Bribe Scandal Deepens for FTX FounderNew revelations have emerged in the Chinese bribe scandal involving Sam Bankman-Fried, the founder of cryptocurrency exchange FTX. Testimony from Caroline Ellison, co-founder of Alameda Research, suggests that Bankman-Fried paid $150 million in bribes to Chinese government officials in 2021, a significantly higher amount than previously disclosed. As a […]
Decentralized exchange THORSwap has resumed operations after temporarily shutting down due to the detection of illicit funds on its platform. The exchange announced on Oct. 12 that it is back online and urged users to continue swapping assets across various blockchains using their own self-custody wallets. THORSwap initially halted swaps on Oct. 6 to address […]
President Miguel Albuquerque of Madeira has announced plans to establish a Bitcoin business hub in the region, with the aim of fostering innovation. The announcement was made during a conversation with Prince Filip of Serbia at the Bitcoin Amsterdam 2023 event. Prince Filip expressed his interest in the hub, highlighting its potential for technological development […]
Miami Beach-based cryptocurrency project $Garbage is gaining popularity in the crypto world with its unique garbage-themed meme coin. The project aims to challenge the current state of global affairs and the financial system by embracing the idea of a “cesspool of dysfunction.” $Garbage is a community-driven movement that aims to expose the flaws in the […]
Paolo Ardoino has been announced as the new CEO of Tether, a leading cryptocurrency company, starting in December. Ardoino played a key role in developing the strategy that led to the significant growth of Tether’s market capitalization. This appointment comes as Tether continues to solidify its position in the cryptocurrency market. With Ardoino’s expertise and […]
Tether, one of the leading stablecoin issuers, has announced a surprising management shake-up. Paolo Ardoino, the current Chief Technology Officer (CTO) of Tether, will be promoted to the role of CEO. This move will see him take over from Jean-Louis van der Velde, who will transition to an advisory role for Tether while retaining his […]
Tether, the company behind the largest stablecoin in the world, has announced a change in its top executives. Paolo Ardoino, the current Chief Technology Officer (CTO), will take over as CEO starting in December 2023. Ardoino will replace Jean Lous van der Velde, the current CEO, who will assume a new position as an advisor […]
In a recent development, crypto lending firm Celsius Network has transferred around $30 million worth of crypto assets, including Ethereum (ETH) and stablecoins, amid its ongoing legal battles. The company also transferred a significant amount of its CEL tokens, representing almost the total supply of CEL tokens in existence. This move has raised speculation about […]
Caroline Ellison, the ex-girlfriend of Sam Bankman-Fried, concluded her testimony in the trial on Thursday. Over the course of three days, she was questioned about her company’s accounting practices. Ellison revealed that Alameda had engaged with several accounting firms in 2021 and 2022, but none of them were able or willing to handle the task […]
Tether, the issuer of the world’s largest stablecoin, is undergoing a leadership change as it seeks to expand its focus. Paolo Ardoino, who has been serving as Tether’s chief technology officer since 2017, will take over as CEO in December 2023. He will replace Jean-Louis van der Velde, who will transition to an advisory role […]
