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1 year ago
Allegations of Misconduct and Misappropriation of Funds at FTX Exposed
Gary Wang, who has previously pleaded guilty to similar charges as Sam Bankman-Fried, testified that Bankman-Fried instructed him to write code that allowed Alameda Research to have a negative balance on the FTX…
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1 year agoHut 8 Continues to Accumulate Bitcoin Amid Merger Deal with US Bitcoin
Canadian Bitcoin mining company Hut 8 has announced that it mined 111 Bitcoin in September 2023, bringing its total self-mined BTC reserves to 9,366 Bitcoin. This represents an 8% increase from the previous month,…
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1 year agoCrypto Community in Israel Launches Humanitarian Campaign for Displaced Israelis
A collective of companies and leaders in the Web3 space in Israel have launched a crypto humanitarian campaign called “Crypto Aid Israel.” The campaign aims to raise funds to provide essential supplies for dis…
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1 year agoSam Bankman-Fried's Legal Team Seeks to Question FTX Co-Founder in Fraud Trial
In the ongoing fraud trial of Sam Bankman-Fried, his legal team is seeking permission to question FTX co-founder Gary Wang about his reliance on legal advice when accepting loans from Alameda Research. This request…
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1 year agoIsraeli Authorities Freeze Hamas Cryptocurrency Funding, Redirect Funds to State Treasury
Israeli authorities have reportedly frozen cryptocurrency accounts belonging to the Hamas group with the help of Binance. The funds seized from these accounts have been transferred to the state treasury, although…
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1 year agoEthereum Foundation Falls Victim to "Sandwich Attack" Costing Thousands of Dollars
The Ethereum Foundation, the leading organization behind the development of the Ethereum blockchain, has fallen victim to a “Sandwich Attack” that resulted in the loss of around $9,101. The attack was carried out…
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1 year agoRipple Returns Unlocked XRP Tokens to Escrow to Support Price Stability
Ripple, the cryptocurrency company, has been returning a significant portion of its unlocked XRP tokens to its escrow system after each monthly release. This move is aimed at supporting the price of XRP. Bill…
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1 year agoShiba Inu's Shibarium Achieves Over 1 Million Blocks and 3 Million Transactions, Demonstrating Network's Growth
Shiba Inu’s Ethereum-based layer 2 blockchain solution, Shibarium, has achieved a significant milestone by surpassing one million blocks and three million transactions since its launch in late August 2023. This a…
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1 year agoFTX Lawyers' Alleged Involvement in $200 Million Loans Probed in Bankman-Fried Trial
Sam Bankman-Fried’s legal team is seeking permission to investigate the alleged involvement of FTX lawyers in the issuance of $200 million in loans from Alameda that were approved by Gary Wang. A court ruling had p…
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1 year agoNew BitVM Proposal Introduces Ethereum-Style Smart Contracts to Bitcoin
Bitcoin developer Robin Linus has proposed a new approach called BitVM that would allow for arbitrary computation on the Bitcoin network without the need for a soft fork. This proposal aims to incorporate…
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1 year agoXRP Community Awaits Ripple-SEC Settlement as Judge Orders Physical Discussion
The XRP community is eagerly anticipating a potential settlement between Ripple and the SEC, which could provide regulatory clarity for XRP. Judge Analisa Torres has ordered both parties to engage in a physical…
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1 year agoCyprus Plans to Tighten Crypto Industry Regulations to Align with International Standards
The Ministry of Finance in Cyprus is proposing amendments to the existing Prevention and Suppression of Money Laundering Law in order to align the country with international standards for anti-money laundering and…
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1 year agoElon Musk and Bill Ackman Collaboration Sparks Speculation on Dogecoin's Future
Billionaire hedge fund manager Bill Ackman is potentially collaborating with Elon Musk’s X platform, formerly known as Twitter. This unexpected partnership has sparked interest in the cryptocurrency community, p…
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1 year agoFriend.Tech Implements Two-Factor Authentication to Combat Sim-Swap Attacks
Decentralized social media protocol Friend.Tech has introduced a two-factor authentication (2FA) security feature in response to recent sim-swap attacks on its users. The 2FA adds an extra layer of protection for…
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1 year agoBinance's Industry Recovery Initiative Falls Short of Expectations, Raises Concerns
Binance’s Industry Recovery Initiative (IRI), which aimed to support the cryptocurrency industry following the collapse of FTX, may not have been as effective as hoped, according to a new report. Binance i…
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1 year agoSaudi-Chinese Collaboration Creates Arabic-Focused AI System
The King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has partnered with two Chinese universities to develop an Arabic-focused artificial intelligence (AI) system. The system, called…
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1 year agoAlameda Research Minted $39.55B of USDT Tokens, Exceeding Assets Under Management
Blockchain data indicates that Alameda Research, a cryptocurrency trading firm, redeemed over $38 billion worth of Tether (USDT) tokens in 2021, despite not having the equivalent assets under management. This…
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1 year agoZimbabwe Launches Gold-Backed Digital Token as Payment Method
On October 5th, the Reserve Bank of Zimbabwe (RBZ) launched a new digital token called Zimbabwe Gold (ZiG) as a payment method. This initiative was first introduced by the central bank in April 2023, with the aim…
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1 year agoVersana's Digital Platform Revolutionizes Syndicated Loan Market with $900 Billion in Loan Commitments
Versana, a digital platform established by major banks including Bank of America and J.P. Morgan, has achieved significant success in the syndicated loan sector. Within a year of its launch, Versana has surpassed…
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1 year agoDormant Bitcoin Address Moves $82.3 Million Worth of BTC After 6 Years of Inactivity
A dormant Bitcoin wallet, known as “17TZNT,” has suddenly become active after six years of inactivity. The wallet moved 2995 BTC, equivalent to $82.3 million, to two new addresses on October 10. This comes aft…
