United States supermarket chain Trader Joe’s has filed a complaint against decentralized exchange Trader Joe, accusing it of federal trademark infringement and dilution. The lawsuit claims that Trader Joe and its co-founder Cheng Chieh Liu used the supermarket’s ideas and narrative for one of the platform’s fictional characters, as well as a similar name and […]
Ripple’s recent legal victory against the US Securities and Exchange Commission (SEC) has had significant implications for its cryptocurrency, XRP. The ruling by Judge Analisa Torres classified XRP as a non-security, providing much-needed clarity for the token in the US. Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted this unique status in an interview with CNBC. […]
According to former Alameda Research CEO Caroline Ellison, a tweet from Binance CEO Changpeng Zhao (CZ) played a role in the collapse of cryptocurrency exchange FTX. In the tweet, CZ announced that Binance would be liquidating its holdings of FTX Token (FTT) due to recent revelations. This caused retail investors to follow suit and withdraw […]
Amidst ongoing legal proceedings, new testimonies have emerged against Sam Bankman-Fried (SBF) and his operations. A former engineer at Alameda Research, the sister hedge fund of FTX, has come forward with revelations of substantial losses in trading funds totaling at least $190 million. Aditya Baradwaj, the individual in question, has provided a detailed account of […]
Avalanche-based social app Stars Arena has successfully recovered the majority of its lost assets following a recent security breach. The hacker responsible for the breach agreed to return the stolen $2.9 million in AVAX tokens in exchange for a 10% bounty and 1,000 AVAX lost in a bridge. Stars Arena had previously experienced an attempted […]
Philippine-based cryptocurrency exchange Coins.ph has partnered with fintech firm Circle to enhance remittance services for its 18 million Filipino users. The collaboration aims to leverage stablecoin-denominated remittances, which offer fast, affordable, and secure international money transfers. Circle is the creator of USDC, the second-largest stablecoin by market capitalization, designed to maintain a 1-to-1 peg with […]
Mastercard has successfully completed a trial of a central bank digital currency (CBDC) in collaboration with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). The project focused on exploring Mastercard’s capabilities to facilitate CBDC transactions on the public Ethereum blockchain. This move comes in response to growing consumer demand […]
The Stellar Development Foundation has partnered with Certora to enhance the security of its smart contracts platform, Soroban. Certora’s formal verification tools will not only check the code but also offer continuous integration, ensuring code alignment with specifications as it evolves. Soroban, powered by WASM (WebAssembly), is the first platform to receive support from Certora […]
Alameda Research, a company affiliated with FTX, is set to receive $175 million from Genesis Global Holdco as part of a settlement agreement approved by the United States Bankruptcy Court for the Southern District of New York. This development comes amidst the ongoing trial of Sam Bankman-Fried, which has shed light on alleged financial misconduct […]
The United States Commodity Futures Trading Commission (CFTC) has taken legal action against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital. The CFTC has filed a complaint in the U.S. District Court for the Southern District of New York, accusing Ehrlich and Voyager of fraud and “registration failures” related to the platform […]
