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Okx Acknowledges Security Incident Involving Judicial Documents Forgery


Okx, a Seychelles-based cryptocurrency exchange, clarified the information regarding a recent security incident that allowed unidentified criminals to take control of the accounts of a few customers, draining these. In a statement, Okx stressed that a third party had forged judicial documents...

Most FTX Creditors to Receive Over 100% Repayment, Court Document Shows


FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of...

World Economic Forum Study Reveals 98% of Central Banks Are Eyeing CBDCs


The World Economic Forum recently released a report investigating wholesale central bank digital currencies (wCBDCs). The document explored the potential of wCBDCs to alleviate significant industry challenges and address key pain points. The post World Economic Forum Study Reveals 98% of Central...

New Zealand Begins Plans To Introduce CBDC


An open survey on "Digital Cash," a potential central bank digital currency (CBDC), has begun, according to the Reserve Bank of New Zealand (RBNZ). This was revealed in a consultation document that the central bank published on April 17. The post New Zealand Begins Plans To Introduce CBDC appeared...

FTC Updates Rules to Address AI Deepfake Threats to Consumer Safety


The US Federal Trade Commission (FTC) proposed making new updates on an artificial intelligence (AI) deepfake rule on February 16. The government agency said the proposed rule changes would protect users from AI impersonations. According to the ‘Rule on Impersonation of Government and Businesses’...

ICE-Backed Bakkt Alerts of Possible Closure, Cites Cash Crisis


Bakkt, the cryptocurrency platform backed by the Intercontinental Exchange (ICE), has issued a warning about its financial health. In a recent document filed with the U.S. Securities and Exchange Commission (SEC), Bakkt outlined its financial challenges, stating concerns over its ability to operate...

Craig Wright Offers Settlement in Disputed Bitcoin Creator Case


Craig Wright, who claims to be the creator of Bitcoin, has presented a non-negotiable settlement, potentially ending the contentious legal battle over the true identity of Satoshi Nakamoto, Bitcoin’s pseudonymous founder. Bitcoin’s Alleged Creator Proposes Settlement Amidst Forged...

Crypto Lender Abra Settles Lawsuit, Will Reopen Customer Withdrawals


Crypto lender Abra has reached a tentative settlement with the Texas State Securities Board. According to a document published January 22nd, Abra has agreed to reimburse the assets invested by the state’s residents. The document highlights that Abra has begun winding down its U.S. retail...

Tokenized Asset Coalition Expects Tokenization to Grow in 2024


The Tokenized Asset Coalition (TAC), a membership organization that promotes the institutional adoption of tokenization practices to bring real-world assets to the blockchain, has published its State of Tokenization report. The document explains that 2023 saw the birth of a tokenized risk curve...

Interpol Says The Metaverse is Vital to the Future of Law Enforcement


The metaverse can be wielded as a crucial tool in the hands of law enforcement agencies for training, crime prevention, and forensic analysis according to a new document released by Interpol. The report by the international organization seeks to delve into the possibilities of the metaverse...

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