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FTX Scandal Deepens: Sam Bankman-Fried's Right-Hand Man Nishad Singh to Plead Guilty to Fraud
18.2.2023
Nishad Singh, the former director of engineering for collapsed crypto exchange FTX and Sam Bankman-Fried's right-hand man, is preparing to reach a plea deal with U.S. prosecutors
According to a Friday report from Bloomberg, the former FTX executive is planning to plead guilty to fraud charges...
Cudos partners Fetch.ai to boost AI services
17.2.2023
The wordplay of “Cudos” and “Kudos” has started on Twitter since an announcement by Cudos. Its community is leaving no opportunity to appreciate the move in which it has partnered with Fetch.ai to enable its machine learning and artificial intelligence services. Under...
Increase in Number of LATAM Workers Choosing to Get Paid in Crypto
17.2.2023
More Latin American (LATAM) workers than ever are choosing to get paid in crypto, a new report has found – with suggestions that crypto winter has done little to dampen adoption in the region.
Bloomberg Linea reported that, per the Deel Lab for Global Employment’s Global Recruitment Report...
The state of the energy sector in 2023 & beyond – An interview with Decarbonice
17.2.2023
2022 was one of the toughest years for the energy markets worldwide in our recent history. The year was marked by geopolitical conflicts that caused rapid price increases of multiple energy sources, causing higher inflation levels across the board. At the same time, we have rising energy demands...
Chinese Tech Giant Tencent Announces 'Personnel Reshuffle' at Metaverse Unit, Dismisses Layoff Rumors – What's Going On?
17.2.2023
The dawn of 2023 has seen crypto assets break free of suppresive year-long price action. But with many in tech betting big on the Metaverse at the start of 2022, things are getting ugly.
In an exclusive report from Chinese news outlet 36 Krypton. It has been revealed that the world's largest video...
Router Protocol successfully develops a Layer-1 Blockchain Interoperability
17.2.2023
Router Protocol happens to have been successful in the development of a Layer-1 blockchain. This was made possible with the effective utilization of the Cosmos’ Tendermint Consensus. This was carried out with the aim and intention of being able to correctly address issues related to extant problems...
Crypto Under Scrutiny: SEC's New Custody Rules Take Aim at Digital Assets – Regulation Incoming?
16.2.2023
The U.S. Securities and Exchange Commission has unveiled a set of new rules designed to enhance the protection of investors’ assets in response to the string of collapses of major crypto businesses last year, raising concern amid industry players that more crypto-focused regulation could be in...
FTX Founder Sam Bankman-Fried’s Two Bond Guarantors Have Finally Been Unveiled – Court Documents Revealed Here
16.2.2023
The two mysterious co-signers on FTX founder Sam Bankman-Fried’s bond managed to keep their identities hidden for a long time, but new court documents have finally revealed who they are.
The two previously unidentified individuals are Andreas Paepcke and Larry Kramer. Paepcke is a senior research...
Japanese Securities Giant SBI Completes Takeover of Crypto Exchange Bitpoint
16.2.2023
The Japanese securities giant SBI has completed a takeover of the rival crypto exchange Bitpoint. The move consolidates the firm’s increasingly tight grip on the domestic crypto market – and marks the second time it has taken over a domestic rival....
Read More: Japanese Securities Giant...
Binance, Huobi Freeze $1.4m Worth of Crypto in ‘North Korea-linked’ Wallets
16.2.2023
The crypto exchanges Binance and Huobi have frozen “North Korea-linked” wallets containing “approximately $1.4 million in cryptoassets.”
Per a blog post from the blockchain analytics firm Elliptic and a report from MBC, the coins “originated from the June 2022 hack of Harmony’s Horizon Bridge.”...
Abu Dhabi Goes All-In on Crypto With $2 Billion Investment Program for Web3 and Blockchain Startups
16.2.2023
Abu Dhabi's tech ecosystem has launched a new initiative with over $2 billion of capital committed to funding Web3 startups, blockchain technologies, and metaverse apps in the United Arab Emirates capital.
The capital's tech ecosystem, called Hub71, has officially launched its brand new Hub71+...
Celsius Pursues Legal Action: Mashinsky and Other Former Executives Targeted for Repayment in Bankruptcy Fallout
15.2.2023
The bankrupt crypto lender Celsius is taking legal action against its former CEO Alex Mashinsky and a number of others to seek the return of “millions of dollars.”
According to court documents published this week, Mashinsky, Celsius co-founder S. Daniel Leon and several others engaged...
French Court Jails 50-year-old International Crypto Scammer for Four Years
15.2.2023
The 50-year-old mastermind of a “vast” and “international” French crypto scam that duped at least 14 victims out of over $375,000 has been sentenced to four years in prison....
Read More: French Court Jails 50-year-old International Crypto Scammer for Four Years
FTX Cracks Down on Company Insiders: Subpoenas Issued to Sam Bankman-Fried, Caroline Ellison and Others – What's Going On?
15.2.2023
Insiders at the now-bankrupt crypto exchange FTX have been issued subpoenas to produce specific documents within the next day, court filings have revealed.
The requested documents include information about Binance’s takeover offer for FTX, an offer that Binance eventually withdrew. Other...
The Graph scales on Layer 2 after integrating on Arbitrum One
15.2.2023
Popular decentralized query and data indexing platform The Graph recently unveiled Layer 2 scaling. Integrating the platform with Arbitrum One will improve its scalability and security. In addition, the integration will boost the cost-effectiveness of the network participants. The Graph released...
South Korean YouTuber Received “Millions of Dollars” Worth of Undeclared Crypto Income
15.2.2023
A South Korean YouTuber received “millions of USD” worth of undeclared crypto income, tax officials have stated – following a recent crackdown on social media-based “tax dodgers.”
KBS reported that the National Tax Service (NTS) has launched an “intensive tax investigation” into 84 people...
Ex-Mitsubishi Electric CEO’s Son Charged with Violent Crypto Theft
14.2.2023
The son of the former CEO of Mitsubishi Electric has been arrested in a violent crypto robbery and kidnapping case in Japan – which saw a crypto holder allegedly confined and beaten over period of 20 days....
Read More: Ex-Mitsubishi Electric CEO’s Son Charged with Violent Crypto Theft
North Korea’s Lazarus ‘Using New Coin Mixer to Launder Crypto’ – and It’s a ‘Blender Re-brand’
14.2.2023
The North Korean hacking group Lazarus has turned to a new crypto mixer named Sinbad, the blockchain analytics firm Elliptic has claimed.
Per an Elliptic post and a report from Yonhap, Larazrus is “affiliated with North Korea's Reconnaissance General Administration.” The United States and South...
SEC Threatens Lawsuit Against Binance BUSD Stablecoin-Issuer Paxos – What’s Going On?
13.2.2023
The Securities and Exchange Commission (SEC) has said it intends to sue Paxos Trust Company, a regulated New York-based firm that issues several popular stablecoins.
The threat of a lawsuit from the SEC came in the form of a letter to Paxos. The letter is a so-called Wells notice, used by...
CBDC Launch ‘May Cost Russian Banks $684m a Year’
13.2.2023
Russian commercial banks will lose $684 million a year if the nation’s Central Bank launches a central bank digital currency (CBDC), experts have claimed.
The Central Bank vehemently opposes the adoption of what it calls “private cryptocurrencies” such as bitcoin (BTC). But the bank wants...