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1 year, 8 months ago
FTX Trial Uncovers Alleged Misuse of $9 Billion in Customer Funds and Political Donations
The eleventh day of the trial of Sam Bankman-Fried (SBF) focused on the testimony of accounting experts who provided crucial information regarding the disappearance of $9 billion in FTX customer funds. Professor…
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1 year, 8 months agoBNB Chain Launches Greenfield Mainnet, Revolutionizing Decentralized Data Storage
BNB Chain has announced the launch of its Greenfield Mainnet, a decentralized storage-centric network designed for data-intensive decentralized applications within the BNB ecosystem. The network offers customizable…
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1 year, 8 months agoFDIC Inspector General Identifies Gaps in Crypto Oversight Efforts
A recent assessment by the Federal Deposit Insurance Corporation (FDIC) has revealed significant gaps in its ability to provide guidance to member banks regarding cryptocurrency activities. The review was prompted…
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1 year, 8 months agoFederal Reserve Governor Questions Use Case for US Central Bank Digital Currency
Federal Reserve Bank governor Michelle Bowman has expressed uncertainty about the use case for a central bank digital currency (CBDC) in the United States. Speaking at a roundtable event at Harvard, Bowman…
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1 year, 8 months agoLawmakers Urge Biden Administration to Address Crypto-Financed Terrorism Threat
In the midst of escalating tensions between Israel and Hamas, a bipartisan group of over 100 legislators, led by Senators Elizabeth Warren and Roger Marshall and Representative Sean Casten, have issued a note…
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1 year, 8 months agoLawmakers Urge Biden Administration to Clarify Efforts in Combating Terrorist Financing with Cryptocurrencies
Over 100 lawmakers in the United States are urging the Biden administration to clarify its efforts in combatting global terrorist financing through cryptocurrencies. This comes after reports that Hamas, the…
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1 year, 8 months agoBitcoin Halving: Experts Discuss Liquidity as Key Catalyst for Price Surge
During a panel discussion at the Swan Pacific Bitcoin festival, industry experts debated the significance of the Bitcoin halving event on the cryptocurrency’s price. Marathon Digital CEO Fred Thiel and Swan CIO R…
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1 year, 8 months agoFDIC's Crypto Risk Strategy Incomplete, Says Inspector General's Report
The Inspector General’s Office (OIG) of the Federal Deposit Insurance Corporation (FDIC) has released an evaluation report on the corporation’s strategy for managing crypto asset risks. The FDIC adopted a “bo…
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1 year, 8 months agoUniswap Foundation Executive Director Addresses Concerns of Centralization and Plans for Decentralization
Devin Walsh, the Executive Director of the Uniswap Foundation, believes that the Uniswap decentralized exchange (DEX) is becoming more decentralized. He compares its current state to that of Ethereum and…
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1 year, 8 months agoSolana Leads Energy Efficiency Race, but Ethereum Remains Dominant
One developer, known as “0xIchigo,” believes that Solana is leading the way in terms of energy efficiency, but acknowledges that Ethereum is a formidable competitor that cannot be ignored. Solana, a gen…
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1 year, 8 months agoSEC Chair Gensler Remains Tight-Lipped on Spot Bitcoin ETFs, Multiple Filings Under Review
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler discussed the pending spot Bitcoin exchange-traded fund (ETF) proposals in an interview with Bloomberg. Gensler acknowledged that there are around…
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1 year, 8 months agoRise in Cold Wallet Usage Highlights Security Concerns in Crypto Trading
The recent security breach at Stake.com, a popular online crypto casino, has resulted in the loss of $41 million to hackers. The incident is considered one of the significant attacks on the cryptocurrency industry…
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1 year, 8 months agoBitmain Fires Employees for Leaking Salary Information
Bitcoin ASIC manufacturing giant Bitmain has reportedly fired four employees for leaking salary information. The company cited the “illegal publication of the company’s announcement on salary release” as the reaso…
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1 year, 8 months agoReddit Moderators Allegedly Sold Tokens Before 85% Crash in Rug Pull Scandal
On October 18, a new twist emerged in the alleged rug pull scandal involving social media platform Reddit. A crypto analyst claimed that several subreddit moderators were aware of the decision to shut down the…
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1 year, 8 months agoFTX Founder Faces Potential Decades in Prison as Guilty Verdict Looms in Landmark Trial
The courtroom drama surrounding FTX founder and former CSam Bankman-Fried (SBF) has all the makings of a captivating Netflix series. With a cast of shady characters and a plot that thickens with each passing day,…
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1 year, 8 months agoEuropean Central Bank Begins Preparation Phase for Digital Euro Project
The European Central Bank (ECB) has announced that it will begin the “preparation phase” for the digital euro project after a two-year investigation. This move comes after the ECB released a report on the pot…
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1 year, 8 months agoEuropean Central Bank Advances Digital Euro Project to Preparation Phase
The European Central Bank (ECB) has announced that its project to develop a digital form of the euro is progressing to the preparation phase. The ECB aims to prepare the currency for the future, although a final…
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1 year, 8 months agoSEC Shows Positive Shift in Attitude Towards Bitcoin ETFs, Boosting Hopes for Approval
The Securities and Exchange Commission (SEC) is showing signs of warming up to the idea of a Bitcoin exchange-traded fund (ETF), according to Cathie Wood, CEO of Ark Invest. Wood stated that the SEC’s recent line o…
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1 year, 8 months agoElizabeth Warren Urges White House to Address Crypto's Role in Terrorism Financing; Reddit Ends Blockchain Rewards System; FTX Trial Continues
Senator Elizabeth Warren and over 100 lawmakers have signed a letter urging the White House to address the role of digital assets in financing terrorism. The letter, dated October 17, was sent to Treasury Under…
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1 year, 8 months agoBinance's EUR Trading Volume Plunges to Three-Year Low Amid Regulatory Crackdown and Partnership Termination
EUR-denominated weekly spot volume on Binance, one of the leading cryptocurrency exchanges, has plummeted to a three-year low of $160 million in October 2023. This represents an 88% decrease from the $1.3 billion…
