Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, is seeking to shed light on the involvement of lawyers in a legal battle involving his hedge fund arm, Alameda Research. Bankman-Fried’s attorneys are requesting permission to question FTX co-founder Gary Wang about the legal guidance he received when accepting loans from Alameda. Wang previously claimed that […]
Bitcoin’s potential for real-world use cases and increased adoption and utility lies in its connection to the Ethereum Virtual Machine (EVM), according to Willem Schroé, the founder of cross-chain infrastructure firm Botanix Labs. Schroé argues that Bitcoin needs to enter the EVM world to bridge the gap between mainstream adoption and the broader financial system. […]
Robert Linus, project lead at Bitcoin development group ZeroSync, has proposed a new system called BitVM that would allow developers to perform complex computations on the Bitcoin network. Unlike other proposals, BitVM does not require changes to Bitcoin’s code, which could cause controversy within the community. The system suggests verifying computations on Bitcoin while executing […]
A Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng Zhao and three other executives for fraud and securities violations. The decision to press charges now rests with the Brazilian police. The committee alleges that Zhao and the executives engaged in fraudulent management, unauthorized trading of securities, and operating a financial institution without […]
Israeli law enforcement, in collaboration with Binance, the world’s largest cryptocurrency exchange, has launched an operation to freeze crypto addresses associated with the terrorist group Hamas. The operation was led by the Israeli Police Department and the National Counterterrorism Headquarters, with support from Binance. The investigation revealed that Hamas had raised funds through crypto donations […]
A Bitcoin whale, who had been holding onto their coins since 2017, has suddenly moved 3,000 BTC worth over $80 million. This mysterious entity had been accumulating Bitcoin since 2016, acquiring 3301 BTC in May of that year. In September 2017, during a significant increase in Bitcoin’s value, the whale sold 200 BTC. Since then, […]
The popular U.S. grocery store chain, Trader Joe’s, has filed a lawsuit against a cryptocurrency-based DeFi platform called Trader Joe. The grocery chain alleges that the platform named itself after the supermarket, damaging its reputation. The lawsuit aims to refute the platform’s claim that it was named after the founder’s brother. Trader Joe’s also accuses […]
Israeli authorities have collaborated with cryptocurrency exchange Binance to freeze several cryptocurrency accounts allegedly linked to the Palestinian militant group Hamas. This action is part of a global trend towards monitoring and regulating digital currencies to prevent their misuse for illicit activities. Hamas has been using cryptocurrencies to finance its activities as traditional financial channels […]
Crypto exchange Binance has assisted Israeli authorities in freezing crypto accounts linked to the Palestinian militant group Hamas, according to the Israel Police. Binance worked with the police’s cyber unit and other intelligence agencies to identify and freeze Hamas’ crypto accounts, which were being used for crowdfunding donations through social media campaigns. This is not […]
Galxe, a cryptocurrency platform, has announced that it will be compensating users who lost funds in a recent hack by 110%. The company expressed its gratitude to those who have supported them during this difficult time. The affected users will have their funds automatically returned to their wallet addresses on October 16, unless they request […]
