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1 year, 8 months ago
Former Firefly Team to Unveil Bloom: A Revolutionary Wallet for IOTA's Shimmer Ecosystem
Bloom, a groundbreaking wallet for the Shimmer ecosystem, is set to be introduced by IOTA. Spearheaded by the former Firefly team, Bloom aims to revolutionize the user experience by offering enhanced security and…
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1 year, 8 months agoAttorney John Deaton Criticizes SEC's Inefficiency in Addressing Oversight Requests
John E. Deaton, a prominent attorney in the XRP community, expressed his frustration with the lack of effectiveness in addressing the US Securities and Exchange Commission (SEC) through letters to its Chairman,…
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1 year, 8 months agoSEC Chair Gensler Faces Compulsory Process Threat Over Alleged Obstruction by House Committee
SEC Chair Gary Gensler is facing threats of compulsory process if the agency does not comply with oversight requests from the House Committee on Oversight and Accountability by October 19. Chairman James Comer…
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1 year, 8 months agoGenesis Suspends Customer Withdrawals Amidst FTX Settlement and Crypto Trading Discontinuation
Genesis, a prominent crypto broker, has suspended customer withdrawals following a $175 million settlement with FTX, a bankrupt cryptocurrency exchange. This decision comes after Genesis announced in September that…
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1 year, 8 months agoSEC Faces Deadline to Appeal Court Decision on Grayscale's Bitcoin ETF Application
The United States Securities and Exchange Commission (SEC) is approaching its deadline to appeal a court decision in favor of Grayscale Investments. The court ruled that the SEC must review Grayscale’s a…
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1 year, 8 months agoSecretly Recorded Audio Reveals Alameda Research's Misuse of User Funds from FTX
A secretly recorded audio clip has revealed the moment when former staff members of hedge fund Alameda Research discovered that the fund had been “borrowing” user funds from FTX. The 75-minute recording, obt…
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1 year, 8 months agoCFTC Commissioner Slams Voyager Digital for Loss of Billions in Customer Funds
A commissioner from the United States Commodity Futures Trading Commission (CFTC) has criticized Voyager Digital for its mishandling of customer funds, resulting in the loss of billions of dollars. Commissioner…
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1 year, 8 months agoTerraform Labs Accuses Citadel Securities of Orchestrating Stablecoin Depegging
Terraform Labs, founded by Do Kwon, has accused market maker Citadel Securities of intentionally causing the depeg of its stablecoin, TerraUSD Classic (USTC), in 2022. Terraform Labs has filed a motion in a US…
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1 year, 8 months agoPlatypus Finance DeFi Protocol Loses Over $2 Million in Flash Loan Exploit
Decentralized finance (DeFi) platform Platypus Finance has suffered another flash loan exploit, resulting in a loss of over $2 million. The hack was first reported by blockchain security firm PeckShield on October…
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1 year, 8 months agoBank for International Settlement Launches Project Atlas for Enhanced Crypto Surveillance, Potentially Boosting Privacy Coin Adoption
The Bank for International Settlement (BIS) has launched a new crypto surveillance program called “Project Atlas” in collaboration with several European banks. The project aims to gather data for comprehensive tra…
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1 year, 8 months agoMastercard Develops Technology to Tokenize CBDCs on Multiple Blockchains, Enhancing Convenience and Security
Mastercard has developed a technology that allows central bank digital currencies (CBDCs) to be tokenized on multiple blockchains. This solution enables the wrapping of CBDCs onto different blockchain networks,…
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1 year, 8 months agoStablecoin Holder Loses Over $100,000 as USDR Plummets on Polygon Network
A stablecoin holder on the Polygon network suffered a significant loss of over $100,000 after panic selling their USDR tokens, which depegged from the US dollar on October 11. The holder swapped 131,350 USDR for…
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1 year, 8 months agoFormer CEO of Miami Investment Firm Pleads Guilty to Crypto Fraud Conspiracy
Former CEO of Miami-based investment firm, Peter Kambolin, has pleaded guilty to a conspiracy to commit commodities fraud involving crypto futures contracts. The United States Department of Justice revealed that…
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1 year, 8 months agoVoyager Digital and Former CEO Face Legal Action for Fraud and Misleading Customers
The US Commodity Futures Trading Commission (CFTC) has filed a complaint against Voyager Digital and its former CEO, Stephen Ehrlich, alleging fraud and registration failures. The CFTC claims that Ehrlich falsely…
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1 year, 8 months agoCircle Granted Permission to Weigh in on SEC Lawsuit Against Binance
Amid the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Binance, a significant development has emerged involving Circle, the issuer of stablecoin USD Coin (USDC). Circle has been…
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1 year, 8 months agoBlockFi Founder Reveals Extensive Dealings with Alameda in SBF Trial
Caroline Ellison, a former top deputy to FTX founder Sam Bankman-Fried (SBF), concluded her testimony on the seventh day of the SBF trial. Her detailed account shed light on her complex relationship with SBF, both…
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1 year, 8 months agoMassive Flash Loan Attack on BNB Chain Nets Perpetrator $1.575 Million Profit
The BNB Chain recently experienced a significant flash loan attack, resulting in a massive arbitrage profit of $1.575 million for the attacker. The attack took place on the Pancakeswap DEX network and only cost the…
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1 year, 8 months agoBitVM Aims to Scale Bitcoin, Not Launch DeFi Applications, Says Developer
One of the developers behind BitVM, a Bitcoin-based virtual machine, has clarified that the technology is primarily focused on scaling Bitcoin rather than enabling decentralized finance applications like Ethereum.…
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1 year, 8 months agoNFT Market Shows Signs of Life Amidst Decline
Headlines proclaiming the death of NFTs have become common in the blockchain industry, but the reality is more nuanced. While it’s true that many NFTs are worthless, this is not surprising given the history of o…
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1 year, 8 months agoReal Estate-Backed Stablecoin Plummets After Depegging from USD
A stablecoin called Real USD (USDR), which is built on the Polygon (MATIC) layer-2 scaling solution and backed by real estate assets, has experienced a significant loss in value after detaching from the US dollar.…
