Alex Mashinsky to Stand Trial in September 2024 for Securities Fraud

Alex Mashinsky, the former CEO of Celsius, will stand trial in September 2024 for multiple counts of fraud, including wire fraud, securities fraud, commodities fraud, and conspiracy to manipulate the value of the company’s native crypto token, CEL. His lawyers will make a case based on the ambiguity surrounding the legal status of cryptocurrencies. The […]

Celsius Seeks Final Approval for Reorganization Plan, Repayments by Year-End

Celsius, a troubled cryptocurrency network, is currently in court seeking approval to initiate customer repayments by year-end and gain complete approval for its reorganization plan. The repayment to creditors will involve a combination of $2.03 billion in Bitcoin and Ethereum and shares in the newly established company following the reorganization. The new company, NewCo, will […]

Chainlink Data Streams Launched to Enhance DeFi Performance

Chainlink, a leading blockchain oracle ecosystem, has launched Chainlink Data Streams, an all-in-one data solution for decentralized applications (Dapps) and decentralized financial ecosystem (DeFi) developers. The Data Streams combine low-latency data delivery and automated trade execution to help developers scale in a secure and sustainable ecosystem. Leading DeFi protocol GMX has already integrated with the […]

Crypto and Web3 Projects Suffer 153% Increase in Attack Incidents in Q3 2023

Crypto and Web3 projects experienced a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents, but this number rose to 76 in Q3 2023. Nearly $686 million […]

Cross-Border Trading Experiment Using CBDCs and DeFi Technology Successfully Completed

The Bank for International Settlements (BIS) has successfully completed a cross-border trading experiment using central bank digital currencies (CBDCs) and decentralized finance (DeFi) technology. The experiment, dubbed “Project Mariana”, was conducted in collaboration with the central banks of France, Singapore and Switzerland. The test used hypothetical euro, Singapore dollar and Swiss franc wCBDCs, as well […]

Alex Mashinsky to Face Fraud Trial in September 2024

Alex Mashinsky, former boss of the now-defunct crypto lending firm Celsius, is set to begin his criminal fraud trial on September 17, 2024. US District Judge John Koeltl confirmed the news during a hearing on Tuesday, adding that there will be three pretrial conferences in March, July, and September. Mashinsky is currently free on $40 […]

Satoshi Nakamoto’s Account Reappears After 5 Years, Sparking Speculation

The social media account with the username @satoshi has recently broken its silence on X, sparking curiosity and speculation within the cryptocurrency community. The account, attributed to the individual or group behind the creation of Bitcoin, has committed to exploring additional important issues about Bitcoin, left out of the original whitepaper.The cryptocurrency community has reacted […]

Binance to End Support for BUSD Stablecoin Amid Regulatory Pressure

Binance, a global crypto exchange, announced on Oct. 3 that it will end support for Binance USD (BUSD) borrowing and staking positions by Oct. 25, 2023. The exchange has urged its users to convert their BUSD holdings to First Digital USD (FDUSD) as part of the gradual phasing out of support for the stablecoin. This […]

Bitstamp Introduces USDC on Stellar Network for Faster, Low-Cost Transactions

Bitstamp, a prominent cryptocurrency exchange, has announced its plan to embrace multi-chain functionality by introducing USDC on the Stellar network. This development marks the start of an exciting journey to expand the platform’s capabilities and provide users with broader access to diverse blockchain ecosystems.The integration of USDC into the Stellar network via Bitstamp offers many […]