Search
Crypto App Shakepay Reveals Data Breach Affecting a ‘Small Number’ of Customers
16.12.2023
In a recent announcement, Shakepay, the Canadian crypto app, disclosed a data breach involving unauthorized access to personal information of a select group of its customers. The breach, detected on Dec. 13, 2023, compromised data but did not affect any bank accounts, crypto wallets, or customer...
Senator Warren’s Bipartisan Push to Combat Crypto Money Laundering Gains Momentum
12.12.2023
Source: Screenshot of video Sen. Elizabeth Warren’s YouTube page Senator Elizabeth Warren (D-Mass.) has announced an increase in support for the bipartisan Digital Asset Anti-Money Laundering Act, which aims to tackle concerns around the use of crypto in illegal activities such as money laundering...
FTX Debtors Challenge IRS Over Whopping $24 Billion Tax Claim
12.12.2023
Source: Adobe / Александр Поташев Debtors of FTX have raised concerns over the Internal Revenue Service’s (IRS) claim of $24 billion in taxes, warning that it could impede the return of customer funds. In a filing submitted on Sunday, the debtors argued that their earnings were nowhere near...
FTX Ad Hoc Committee Prepares Amended Reorganization Plans Set for December
7.12.2023
Source: Adobe The FTX 2.0 customer ad hoc committee of the now-defunct crypto exchange has received a response to the letter sent to its official arm. In a letter dated December 4, 2023, the Official Committee of Unsecured Creditors (UCC), overseeing the bankruptcy of the FTX exchange, acknowledged...
Solana’s Smartphone Saga Needs 25,000 User Base to Attract Developers
7.12.2023
Solana. Source: Adobe Solana’s smartphone, Saga, underperforms months after hitting the market with about 2,500 units sold raising internal and wider concerns over the model. Speaking on an Unchained podcast on Dec 6, Anatoly Yakovenko, Solana’s founder reflected on the journey so far for...
UAE Tech Researchers Roll Out Lightweight Blockchain for Carbon Trading
7.12.2023
The Technology Innovation Institute in Abu Dhabi has launched a blockchain geared towards tracking carbon emissions and facilitating trading amid growing climate concerns. In a Dec 5 post on X (Twitter), the institute disclosed that its Cryptography Research Center has launched the blockchain as...
SEC Makes ‘Materially False and Misleading’ Representations Against Crypto Firm — Judge Threatens Sanctions
6.12.2023
The United States District Court for the District of Utah has expressed concerns that the U.S. Securities and Exchange Commission (SEC) is making “materially false and misleading representations” in its lawsuit against a crypto firm. The court has ordered the securities regulator...
Why Are Crypto Prices Up? Former SEC Official Says There Are 2 Reasons
6.12.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement believes that there are two reasons why crypto prices are up. The first concerns regulatory oversight of the cryptocurrency industry, while the second revolves around the concept of the greater fool theory....
Blackrock Proposes ‘Revised In-Kind Model’ for Spot Bitcoin ETF to Resolve SEC’s Concerns
1.12.2023
Blackrock, the world’s largest asset manager, has held another meeting with the U.S. Securities and Exchange Commission (SEC) to discuss its spot bitcoin exchange-traded fund (ETF) application. The firm has proposed a “revised in-kind” model for its spot bitcoin ETF that...
BlackRock Revises Bitcoin ETF Model To Appease SEC Concerns
29.11.2023
BlackRock Office BlackRock executives held another meeting with the Securities and Exchange Commission (SEC) on Tuesday to discuss the firm’s application to launch a Bitcoin (BTC) spot ETF in the United States. Based on publicly released notes from the meeting, the asset manager has modified...
Crypto Billionaire Arthur Hayes Says Binance Fine Highlites the “Arbitrary” Nature of Punishments in the US
28.11.2023
Source: a video screenshot, Youtube BitMEX founder Arthur Hayes has voiced concerns about the arbitrary nature of punishments in the United States, using the recent Binance fine as an example. In a recent blog post, Hayes argued that the treatment of Binance and its former CEO, Changpeng Zhao...
Bitcoin Price Prediction: Dips, CBDC Threats, $1.5B Investment & Kiyosaki’s Advice
28.11.2023
In the ever-shifting landscape of cryptocurrencies, Bitcoin, the pioneering digital asset, is currently trading at $37,182, experiencing a slight downturn of around 1% on Tuesday. Amidst this fluctuation, Bitcoin continues to offer unparalleled transactional independence, a quality not without...
New Ethereum L2 Protocol Blast Faces Scrutiny as Paradigm Raises Concerns – Here’s What You Need to Know
27.11.2023
Source: Adobe / lumerb Blast, the newly announced Ethereum (ETH) layer-2 scaling network led by the founder of top NFT marketplace Blur, has faced some controversy despite gaining notable traction. For one, Paradigm, a prominent venture capital firm in the crypto space, has outlined numerous...
US Prosecutors Urge Court to Keep Binance’s Ex-CEO in the Country Amid Flight Risk Concerns
24.11.2023
In the wake of the settlement between the U.S. Department of Justice and Binance, the world’s largest crypto exchange, federal authorities are insisting that the exchange’s former CEO, Changpeng Zhao (CZ), remain stateside until his sentencing in February 2024. Justice Department Seeks...
L2 Protocol Blast Secures $230M TVL in 48hrs as Yield Concerns Arise
24.11.2023
Source: Blast Blast, a new Ethereum Layer 2 network, has achieved an impressive Total Value Locked (TVL) of over $230 million within 48 hours of its unveiling. However, there’s a unique twist – the network does not exist yet. Blast has reached $230 Million in TVL within 48 hours. 37,131...
SEC Postpones Verdict on Global X Spot Bitcoin ETF, Cites Market Manipulation Concerns and Need for Public Insight
18.11.2023
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Global X Bitcoin Trust’s application to list a spot bitcoin exchange-traded fund (ETF). The delay, announced on November 17, 2023, marks a continued period of uncertainty in the spot bitcoin ETF space. Global...
AI's energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder
17.11.2023
While artificial intelligence continues to grab headlines, small and large-scale Bitcoin miners might not necessarily jump ship to the AI and machine learning hype train
ENS Developer Accuses Unstoppable Domains of Stealing Open Source Developments through Patent Filings
17.11.2023
Source: AdobeStock / Casimiro Nick Johnson, the founder of Ethereum Name Service (ENS), has raised serious concerns regarding Unstoppable Domains’ patent filings related to blockchain domain names. In an open letter addressed to Unstoppable Domains, Johnson accused the company...
Binance Counter-Terrorism Specialist Steps Down Amidst Heightened Concerns on Crypto’s Role in Terrorism
17.11.2023
Source: Adobe Stock Jennifer Hicks, Binance’s Senior Counter-Terrorism Official, has officially resigned from the world’s largest cryptocurrency exchange, as disclosed on her LinkedIn profile. Having dedicated nearly two years to Binance, Hicks, an investigative specialist with prior...
Turkey’s New Crypto Asset Regulations Expected in 2024 – Focus on Taxation and Licensing
16.11.2023
Source: Pixabay Turkey officials confirmed that the nation is considering debuting a new crypto market regulation, effective 2024. The regulation will emphasize addressing crypto licensing and taxation, per a Reuters report. Turkey is seeking to address concerns raised by the Financial Action Task...