Attorneys representing the United States Justice Department have concluded their case against Sam “SBF” Bankman-Fried after three weeks of expert witnesses and testimonies from former FTX and Alameda employees. The government’s final witness was FBI agent Mark Troiano, who testified about SBF’s involvement in over 300 groups on the messaging app Signal. Following Troiano’s testimony, […]
JPMorgan Chase & Co. has achieved a significant milestone in its blockchain initiative with its digital token, JPM Coin, now processing $1 billion worth of transactions daily. The coin, which operates on Quorum, a private blockchain developed by the bank, enables instant payments between clients with accounts at JPMorgan. Each JPM Coin is pegged 1:1 […]
Former FTX CEO Sam Bankman-Fried is set to testify in the ongoing criminal FTX fraud trial. He is facing allegations of misusing customer and investor funds, which led to FTX’s Chapter 11 filing. Bankman-Fried’s previous statements, made in a non-legal context, are now under scrutiny as he testifies under oath. Key testimonies from former colleagues […]
JPMorgan’s digital asset, JPM Coin, has seen a surge in adoption, with daily transactions reaching $1 billion. The bank’s Global Head of Payments, Takis Georgakopoulos, revealed plans to expand the use of JPM Coin to retail customers. Currently, the asset is limited to institutional clients who use it to transfer US dollars and Euros. Since […]
Mastercard has formed partnerships with MetaMask and Ledger, two self-custody crypto wallet providers, to enhance the utility of cryptocurrencies for users. This collaboration aims to simplify the process of spending cryptocurrency balances on a daily basis. By joining forces with these trusted partners, Mastercard is taking steps to establish a transparent and trustworthy ecosystem within […]
FTX, a bankrupt cryptocurrency exchange, is seeking information on millions of dollars it had previously given to the Center for AI Safety (CAIS), a nonprofit organization. FTX claims to have given $6.5 million to CAIS before its collapse and bankruptcy. The exchange wants a court to approve subpoenas to CAIS to inquire about the payments, […]
A company called Unciphered has offered to help former Ripple CTO Stefan Thomas recover more than 7,000 Bitcoin (BTC) that he has been unable to access for years. Thomas forgot the information needed to access an IronKey hard drive containing the Bitcoin, and he has used eight out of his ten attempts to enter the […]
Bitfinex Securities has announced the launch of its first tokenized bond offering, marking a new era for capital raises through deep liquid markets and stock/fond markets. The bond, labeled ALT2611, is a 36-month offering denominated in USDT and carries a 10% coupon rate. It leverages Blockstream Liquid, a sidechain-based settlement network for Bitcoin. The bond […]
Coinbase, a major player in the cryptocurrency exchange industry, is challenging the authority of the U.S. Securities and Exchange Commission (SEC) in a legal dispute. The crux of the matter revolves around the definition of an investment contract. The SEC argues that if someone invests money with the expectation of future profits, it qualifies as […]
Maestrobots, a group of cryptocurrency bots on the Telegram messenger, has refunded users who were affected by an attack that resulted in the loss of 280 Ether (ETH), equivalent to $1,781. The Maestro team announced on X (formerly Twitter) that they have covered all user losses by paying a total of 610 ETH from their […]
