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Cardano’s Hoskinson Likens Sam Bankman-Fried to Bernie Madoff
10.10.2023
Cardano’s founder Charles Hoskinson has compared the embattled co-founder of FTX to infamous ponzi scheme boss, Bernie Madoff.
In a post on X (formerly Twitter), Hoskinson stated that Sam Bankman-Fried’s actions can be likened to Bernie Madoff but the former is now getting a free pass by...
Consultant's Heroic Act: How a Personal Wallet Saved $400 Million During the FTX Hack
10.10.2023
In a dramatic turn of events during the collapse of crypto exchange FTX last November, a heroic act by an adviser played a pivotal role in preventing what could have been one of the largest crypto heists in history.
According to a Wired report from Monday, Kumanan Ramanathan, an adviser to...
Cyprus to Impose Strict Penalties on Unlicensed Crypto Service Providers – Report
10.10.2023
Cyprus authorities would soon impose hefty penalties on crypto asset service providers (CASPs) that are found offering services without registering with the country’s regulator – the Cyprus Securities and Exchange Commission (CYSEC)....
Read More: Cyprus to Impose Strict Penalties on Unlicensed...
Breaking: Bitstamp Resumes XRP Trading After Temporary Suspension
10.10.2023
Just 1 hour after Bitstamp Exchange revealed that it experienced a temporary issue with XRP trading, it announced the resumption of the trading of the coin....
Read More: Breaking: Bitstamp Resumes XRP Trading After Temporary Suspension
China Daily Newspaper Mulls Metaverse and NFT Marketplace Launch - Here's The Latest
10.10.2023
China Daily, a prominent English-language newspaper owned by the Publicity Department of the Chinese Communist Party, has allocated a substantial 2.813 million Yuan ($390,000) to build its own metaverse and a non-fungible tokens (NFT) platform.
China Daily has called for a public tender, seeking...
Brazilian Police Arrest ‘Gunpoint Crypto Thieves’
10.10.2023
Brazilian police officers and Interpol have swooped on a gang of suspected gun-toting crypto thieves, arresting seven people.
Per an official release from the Santa Catarina civil police force, officers were issued with eight arrest warrants and four “search and seize” permits last week.
They...
Friend.tech Adds 2FA Password for Users Amidst Ongoing SIM-Swap Attacks
10.10.2023
The team behind the decentralized social media platform Friend.tech has responded to a series of SIM-swap attacks targeting its users by implementing a crucial security enhancement.
In a recent announcement on X (formerly Twitter), Friend.tech unveiled the introduction of a Two-Factor...
Tornado Cash Processed Over $77 Million in Past 30 Days: Arkham
10.10.2023
As per blockchain intelligence firm Arkham, $77.35 million in assets have flown through Tornado Cash’s contracts on Ethereum mainnet in the past 30 days.
Despite being sanctioned by the US Treasury Department in August 2022, Tornado Cash remains the largest crypto mixed on Ethereum network.
The...
OpenAI CEO Sam Altman: Crypto Regulation in the US, A ‘War’ on the Industry
10.10.2023
Sam Altman, the founder of Worldcoin and CEO of OpenAI, has voiced his concerns regarding the escalating efforts by the US government to regulate and exert authority over the cryptocurrency market.
He has likened these actions to a form of "war" against the industry.
In a recent interview on...
Kristina Campbell Ends Two and Half Year Relationship as CFO of Ripple
9.10.2023
Kristina Campbell, who served as Ripple's Chief Financial Officer (CFO) for approximately two and a half years, has recently left the company.
While the official announcement of her departure remains undisclosed, her LinkedIn profile now reflects her new role as the CFO of Maven Clinic, a digital...
UK's FCA Adds 143 Crypto Exchanges, Including Huobi-owned HTX and KuCoin, to Warning List
9.10.2023
In a recent move, the Financial Conduct Authority (FCA), the United Kingdom's financial markets regulator, has expanded its warning list to include major cryptocurrency exchanges, categorizing them as "non-authorized firms" that citizens "should avoid."
The warning list is accompanied by...
Exclusive: Reserve Bank of Australia’s Approach Towards Issuing eAUD is “Multifaceted,” Says Canvas Head David Lavecky
9.10.2023
A recent report from the U.S.-based Atlantic Council think tank revealed that a total of 130 countries are now exploring central bank-issued digital currencies (CBDCs). Over half of those are already in advanced development, pilot or launch phases.
However, when it comes to Australia, the process...
Crypto Products Record $78 Million Inflows, Marks Highest Point Since July: Report
9.10.2023
The digital asset market notches major growth as products see inflows totaling $78 million, its highest week since July.
A new CoinShares market report shows significant growth in the market this week following an increase in investor appetite for crypto products across several jurisdictions.
Per...
Deribit To List Options For SOL, MATIC and XRP; Set for European Expansion
9.10.2023
The largest cryptocurrency options exchange, Deribit has announced plans to expand its options offering to three additional altcoin coins.
Per the announcement on X (formerly Twitter), the platform noted that the options trade will be added for Solana (SOL), Polygon (MATIC), and Ripple (XRP). ...
Backed Launches bIB01: A Tokenized Security Tracking US Treasury Bonds on the Blockchain
9.10.2023
Swiss-based real-world asset tokenizer Backed has introduced its latest tokenized security product, bIB01, on the Base blockchain, Coinbase's Layer 2 (L2) network.
The new tokenized security closely mirrors the performance of a short-term US treasury bond exchange-traded fund (ETF), offering...
Binance, OKX Adjust Crypto Operations to Comply With UK FCA’s New Regime
9.10.2023
Crypto exchange behemoth Binance has launched a dedicated domain for British users to comply with the UK Financial Conduct Authority's (FCA) new Financial Promotions Regime, effective October 8.
With the new UK domain, – Binance.com/en-GB – the exchange will offer retail users in the UK only...
Crypto Exchange Upbit Faced Over 159,000 Hacking Attempts in H1 2023: Report
9.10.2023
South Korea's largest cryptocurrency exchange, Upbit, was reported to be the target of hacking attempts on over 159,000 occasions during the first half of 2023....
Read More: Crypto Exchange Upbit Faced Over 159,000 Hacking Attempts in H1 2023: Report
US Consumer Protection Agency Might Introduce E-banking Laws to Digital Assets
9.10.2023
The director of the Consumer Financial Protection Bureau (CFPB) disclosed that the agency is considering transplanting e-banking laws to digital assets.
Speaking at the Bookings payment conference on Oct 6, Rohit Chopra said that the agency might apply the Electronic Fund Transfer Act (EFTA)...
India to Push Crypto Regulation Talks at Final FMCBG Meet in Morocco
9.10.2023
Finance ministers and central bank governors are all set to meet for the final time under India’s G20 presidency on October 12 and 13 in Marrakesh, Morocco.
The roadmap for crypto regulations is expected to be one of the major key agendas during the meeting. India will seek to ensure that...
South Korean Crypto Fraudster Jailed for 7 Years
9.10.2023
A convicted South Korean crypto fraudster has been sentenced to seven years in prison.
Per Newsis and Segye Ilbo, a division of the Suwon District Court sentenced an unnamed individual in their 30s to jail after hearing how they defrauded victims of some $2.2 million.
The court heard that...