The guarantors behind Sam Bankman-Fried (SBF)’s $250 million bail package have been revealed after news organizations gained court approval to unseal their names in early January. Both individuals are high-ranking academics at Stanford, where the disgraced CEO’s parents are law professors. Who Granted SBF Bail? The signatories’ names are Larry Kramer and Andreas Paepcke –...Read More
DBS Digital Exchange (DDEx), the crypto trading subsidiary of the Singapore banking giant DBS Group Holdings, witnessed exponential growth in bitcoin trading last year despite the winter that wiped out billions of dollars from the market. According to the report from Bloomberg, the exchange recorded an 80% increase in Bitcoin trade volume compared to the...Read More
Milena Mayorga – ambassador of El Salvador to the United States – said the Salvadoran authorities might open a bitcoin embassy in Texas. The central American nation has already introduced a BTC office in the city of Lugano, Switzerland. The Second BTC Embassy Mayorga held a meeting with Jose “Joe” Esparza (Texas Deputy Secretary of...Read More
Leading venture capital firms such as Sequoia Capital, Thoma Bravo, and Paradigm were reportedly indicted for adding an “air of legitimacy” to the bankrupt cryptocurrency exchange FTX. Sam Bankman-Fried, accused of committing several crimes such as fraud and money laundering, received a subpoena as part of the case against the organizations he found and will...Read More
It’s been over half a year since the Harmony bridge was breached, allowing hackers believed to be a part of the Lazarus Group to make off with about $100 million in cryptocurrencies at the time they were stolen. Multiple Cashout Attempts Nearly $91 million of those funds have seen attempted cashouts so far. The most...Read More
The world of trading is undergoing a transformation, with the rise of cryptocurrency leading the charge. However, despite the accessibility of online trading, the current centralized platforms have some major drawbacks, such as slow transaction times, high fees, and a lack of transparency. This is where TMS Network (TMSN) comes in, with a goal of...Read More
The South Korean authorities reportedly issued an arrest warrant to a former Chief Executive Officer of the e-commerce giant TMON. He supposedly accepted bribes in Terra (LUNA) worth billions of won to promote the infamous blockchain project. Terra Keeps Splashing the Water As reported by a local media outlet, an ex-boss of the Korean e-commerce company...Read More
Input Output Global (IOG), the organization behind the Cardano blockchain, has launched a valentine upgrade for its Standards for Efficient Cryptography (SECP) primitives on the network’s mainnet. With the update, developers can now use a broader range of native multi-signature designs to build secure and cost-effective decentralized applications (DApps). Happy St. Valentine’s day. 💙 We...Read More
Ordinals keep making headlines as there are now more than 100,000 inscriptions carried out on Bitcoin’s network. This has had a notable effect on the network state itself and has sparked a massive debate within the community. Inscriptions are Bitcoin’s version of a non-fungible token (NFT), and they have been making strides throughout the past...Read More
John Deaton, a prominent member of the cryptocurrency legal community and an advocate for XRP, has identified the primary risk that Ripple faces as a result of the SEC lawsuit. This observation comes as the whole cryptocurrency world continues to follow the development of the Ripple-SEC case. Deaton’s remarks were made in response to a...Read More
[PRESS RELEASE – Swanage, United Kingdom, 14th February 2023] UK-based PEGA Pool announces the official launch of its eco-friendly Bitcoin mining pool that enables clients to offset their carbon footprint and incentivizes them to use renewable energy. By allowing clients to connect their ASIC miners to its platform and mine together, it provides them with...Read More
Ruairi Donnelly, former chief of staff at bankrupt crypto exchange FTX, used insider trading information of FTX tokens (FTT) to enrich his charitable foundation, Polaris Ventures. A majority of Polaris’s wealth came from Donnelly’s initial transfer of FTT after he purchased the token before its public listing, the Wall Street Journal (WSJ) reported Tuesday, citing...Read More
The long-awaited Blur token airdrop has finally begun. And that’s not all. From tomorrow at 04:00 UTC, users will be able to long or short the Blur token with up to 50x leverage via two new listings: BLURUSD and BLURUSDT. The introduction of BLURUSD and BLURUSDT allows users to trade and speculate on the governance...Read More
The popular meme-inspired cryptocurrency – FLOKI – spiked around 41% after Elon Musk uploaded a photo of his dog dressed as the new Chief Executive Officer of Twitter. Other memecoins, including DOGE, SHIB, and BABYDOGE, also headed north albeit in a more modest fashion. Tesla’s CEO and one of the wealthiest people on the planet...Read More
Following the SEC crackdown on Kraken last week and its subsequent threat of action against BUSD issuer Paxos, rumors have been flying about Circle being next. Crypto Twitter was awash with unfounded claims that Circle had been issued a Wells notice by the SEC. A Wells notice is a threat of legal action giving the...Read More
Interactive Brokers, an automated global electronic broker, launched cryptocurrency trading in Hong Kong on Monday. Professional investors enlisted on the Interactive Brokers platform can trade bitcoin (BTC) and Ethereum (ETH), it said in a press release. As per Hong Kong capital market guidelines, individuals with a minimum of HKD 8 million and institutions with a...Read More
Taurus SA – a Swiss entity that provides an infrastructure to issue, custody, and trade cryptocurrencies – raised $65 million to improve its platform and expand internationally. Major monetary institutions, including Credit Suisse, Deutsche Bank, and Arab Bank Switzerland, led the financing. Facing Towards Other Continents Taurus disclosed it will use the funds from the Series B...Read More
