Israeli crypto firms are dealing with the aftermath of a surprise attack by Hamas fighters. While many of these firms are not experiencing severe disruptions to their business operations, some employees are being called up for reserve duties in the army. In response to the ongoing war, Israeli crypto firms have launched a campaign called […]
Malaysia-based Hata has received in-principle approval from Securities Commission Malaysia (SC) to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. This approval allows Hata to launch its services within the next six to nine months. Hata will be the fifth regulated digital asset exchange in Malaysia and the […]
JPMorgan has launched its tokenization platform, the Tokenized Collateral Network (TCN), on its Onyx blockchain. The platform aims to streamline securities settlement between major institutions by tokenizing assets on a blockchain. TCN recently settled its first trade between BlackRock and Barclays, allowing for instant transfer of collateral instead of the usual day-long process. BlackRock used […]
Caroline Ellison, a close confidant of former FTX CEO Sam Bankman-Fried, has revealed in court transcripts that FTX’s trading arm, Alameda Research, paid a bribe to the Chinese government to unfreeze $1 billion. Ellison, who is also the former CEO of Alameda, disclosed this information during questioning by United States Attorneys. She stated that Alameda’s […]
San Francisco-based blockchain startup Ripple is facing challenges in its ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC). Last week, a U.S. judge rejected the SEC’s appeal for an interlocutory motion in the Ripple lawsuit and pushed for a settlement between the two parties. Amidst this legal battle, Ripple’s Chief Financial Officer, Kristina […]
iFinex, the parent company of BitFinex and collaborator with Tether Holdings, has announced a $150 million share buyback plan. This move is seen as a significant step towards the company’s growth and efforts to address its troubled past. The buyback plan offers a price of $10 per share for 15 million shares, representing 9% of […]
In a shocking turn of events, revelations have emerged during the trial of Sam Bankman-Fried, founder of FTX, regarding an alleged conspiracy to manipulate Bitcoin prices. Bankman-Fried’s ex-girlfriend and former head of Alameda Research, Caroline Ellison, testified about damning conversations and documents that shed light on potential market manipulation. One conversation note revealed Ellison’s instruction […]
Blockchain analysis firm Arkham Intelligence has reported that crypto mixing platform Tornado Cash has bounced back after facing sanctions from the US government and the arrest of its key figures. According to Arkham Intelligence, Tornado Cash remains the largest crypto mixer on the Ethereum network, with $77.35 million in assets flowing through its contracts in […]
Former Alameda Research CEO Caroline Ellison testified in court that Sam “SBF” Bankman-Fried, the CEO of FTX, considered raising equity for the crypto exchange by seeking an investment from Saudi Crown Prince Mohammed bin Salman, also known as MBS. Ellison revealed that she had discussed hedging Alameda investments with Bankman-Fried in 2022, during which he […]
VitaDAO, a community-owned project focused on longevity research, has launched its first biotech company called Matrix Biosciences. The project, backed by Pfizer Ventures and Shine Capital, aims to develop groundbreaking treatments for cancer and aging-related disorders. Matrix Biosciences has received an initial funding of $300,000 from VitaDAO, with more funding expected through IP-NFT fractionalization in […]
