Stuart Alderoty, Chief Legal Officer of Ripple, has commented on the recent court victories against the SEC, stating that they have provided clarity for XRP in the US. The rulings have classified XRP as a non-security, a significant win for the cryptocurrency. However, Alderoty believes that the US still needs to establish comprehensive regulations for […]
Caroline Ellison, the former CEO of Alameda Research, testified against her ex-boyfriend and former boss, Sam Bankman-Fried, in a high-profile trial. Ellison tearfully recounted the downfall of her hedge fund and the FTX exchange, expressing relief that the truth about their fraudulent activities had come to light. She described feeling immense guilt for the employees […]
Caroline Ellison, the former CEO of Alameda Research, has testified against her ex-boyfriend and former FTX CEO, Sam Bankman-Fried (SBF), revealing his attempts to unlock frozen funds. According to Ellison, SBF initially tried to use accounts belonging to Thai prostitutes to retrieve the funds, but when that failed, he resorted to bribing Chinese officials with […]
Research firm Elliptic has suggested that Russian cybercriminal groups may have been responsible for the recent hack of FTX, the cryptocurrency exchange founded by Sam Bankman-Fried. Elliptic reached this conclusion through on-chain analysis, noting that some of the stolen funds appear to be linked to Russian attackers. The hack has raised concerns about the security […]
A senior judge in the Columbian district court has signed multiple orders to clear pending motions in the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and crypto exchange Binance. One of the key orders cleared an amicus brief filed by Circle, the issuer of the USD Coin (USDC) stablecoin. Circle argued […]
A Chinese court has ruled that crypto lending falls outside the protection of the country’s legal system. The Nanchang People’s Court dismissed a lawsuit brought by an individual named Mr. Ming against Mr. Gang, who had defaulted on a loan of 80,000 Tether (USDT) for stablecoin trading. The court stated that Mr. Ming needed to […]
A group of major technology companies, including Adobe, Microsoft, and Intel, have joined forces to tackle the issue of deepfakes and AI-generated synthetic media. The Coalition for Content Provenance and Authenticity (C2PA) aims to establish an open standard that can verify the origins and authenticity of online content. By developing metadata tools, the coalition hopes […]
In a recent podcast interview, former Facebook executive David Marcus revealed that CEO Mark Zuckerberg is a fan of Bitcoin. Marcus stated that Zuckerberg appreciates Bitcoin and they had many conversations about the topic while working on the Libra project. However, Marcus quickly shifted the focus back to Libra and discussed the challenges they faced […]
A New York bankruptcy judge has approved a settlement between cryptocurrency firms FTX and Genesis Global Trading (GGC), allowing FTX-affiliated Alameda Research to receive $175 million from GGC. The settlement agreement was given the green light by the United States Bankruptcy Court for the Southern District of New York. As part of the agreement, Genesis […]
Decentralized finance (DeFi) protocol Platypus has suffered another flash loan exploit, resulting in the loss of over $2 million in assets. The platform has suspended all of its pools in response to the attack. This marks the third attack on Platypus in 2023, with a total of $2.23 million taken across the exploits. The first […]
