Sam Bankman-Fried, the founder and former CEO of FTX, a prominent cryptocurrency exchange, is currently on trial in the United States District Court Southern District of New York. He is facing multiple charges, including embezzlement, speculative trading with customer funds, and misusing them for personal gain or political donations. In an unexpected turn of events, […]
Phishing scammers have recently targeted crypto media outlet Blockworks and Ethereum blockchain scanner Etherscan by creating cloned websites. These fake sites aim to deceive unsuspecting readers into interacting with them. One example is a cloned Blockworks site that presents a fake “BREAKING” news report about a supposed multimillion-dollar “approvals exploit” on the decentralized exchange Uniswap. […]
Earlier this week, the price of Bitcoin (BTC) surpassed $35,000, reaching a level not seen in 17 years. Experts believe that the rally was driven by the anticipation of the Securities and Exchange Commission (SEC) approving a Bitcoin Exchange-Traded Fund (ETF) in the near future. However, BitMEX exchange Co-Founder Arthur Hayes has a different perspective. […]
Prominent attorney John Deaton has shared his views on the ongoing case between Ripple and the US Securities and Exchange Commission (SEC). Deaton predicts a prolonged timeline before a final judgment is reached and believes that a settlement between the two parties is unlikely. He emphasizes that the penalty phase of the case will require […]
Sam Bankman-Fried, the former CEO of FTX, will testify at his criminal trial, according to his defense lawyers. He is expected to take the stand along with three witnesses after the prosecution completes its case. Meanwhile, Matrixport, a cryptocurrency trading firm, has reiterated its prediction that Bitcoin will reach $45,000 by the end of 2023. […]
Tom Emmer, a vocal advocate for cryptocurrencies, has been nominated by Republican members as their nominee for the position of Speaker in the U.S. House of Representatives. This nomination reflects the growing interest in cryptocurrency-related issues within the Republican party. The Speaker’s seat has been vacant since October 3, leading to the removal of Representative […]
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 […]
BlockFi, a cryptocurrency lending platform, has announced that it has emerged from bankruptcy and will now proceed with its bankruptcy plan. The company will continue to distribute client assets and allow wallet customers to request withdrawals until December 31. In early 2024, BlockFi plans to enable withdrawals for BlockFi Interest Account (BIA) and Retail Loan […]
The World Bank has made history by issuing a 100 million euros ($105 million) digital bond on Euroclear’s blockchain-based securities issuance platform. This move marks the first use of Euroclear’s Digital Securities Issuance (D-SI) service, which allows for the issuance, distribution, and settlement of tokenized securities on the blockchain. The two-year bond, listed on the […]
US District Judge Analisa Torres has dismissed the case against Ripple executives Brad Garlinghouse and Chris Larsen, according to an order signed on October 23, 2023. The dismissal order specifically refers to “Institutional Sales” of XRP by the executives, omitting the categories of “Programmatic Sales” and “Other Distributions.” This strategic decision means that while Garlinghouse […]
