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New Report: North Korea has Stolen In Excess of $1 Billion Worth of Crypto Assets
24.12.2022
Hackers sponsored by the North Korean government have stolen over $1 billion worth of digital assets since 2017.
South Korea’s main spy agency, the National Intelligence Service, has revealed that North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in crypto assets over...
FTX paid $12M retainer to a New York law firm before bankruptcy filing
24.12.2022
Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from West Realm Shires Services Inc. on behalf of FTX for legal services
CEO of FTX Sister Company Caroline Ellison Confesses to Misusing Customer Funds – Here’s What You Need to Know
24.12.2022
Former Alameda Research CEO Caroline Ellison has agreed to plead guilty to seven offenses, which include charges of wire fraud, securities fraud, and money laundering. Meanwhile, the CFTC has claimed that she "gambled Alameda customer money."...
Read More: CEO of FTX Sister Company Caroline Ellison...
ShareRing Vault is a digital pass for users in need of instant verification
24.12.2022
Privacy is inviolable. It is held so dearly, and the law provides for this human right’s preservation. The quest to ensure everyone’s right to privacy is upheld forms the core of crypto and blockchain. Every batch of transactions in the blockchain is inherently private. Only authorized...
Oryen (ORY) unveils new platform (Presale Live) with features beyond those of Uniswap (UNI)
24.12.2022
Oryen Network, a multi-use cryptocurrency platform allowing users to stake, trade, and manage their assets, is making news headlines worldwide as it has recently released previews of its dApp. This shows that there will be more utility than what Uniswap (UNI) can offer, which makes it the perfect...
Russian Parliament Postpones Adoption of Crypto Mining Bill
24.12.2022
Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting the country’s access...
Public Bitcoin mining companies plagued with $4B of collective debt
24.12.2022
The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market
Samsung Is Investing More Than $35 Million in Latam-Focused Metaverse Initiatives
24.12.2022
Samsung, the Korean electronics behemoth, has revealed it is currently investing more than $35 million dollars in metaverse initiatives for the Latam audience. The objective behind this move is to help the brand attract and connect with younger audiences, as part of its digital push and growth...
Judge pulls out of SBF-FTX case citing husband's law firm's advisory link
24.12.2022
Judge Abrams’ withdrawal from the FTX case eradicates any conflict of interest in the FTX case because Andres continues to serve as a partner at Davis Polk & Wardwell, a law firm that advised FTX in 2021
Bank of England’s Cunliffe Pushes for Crypto Regulation — Sees ‘Real’ Benefits for UK
24.12.2022
Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated with the financial system and before we could have...
Elon Musk: Recent Fed Rate Hikes Might Go Down in History as Most Damaging Ever
24.12.2022
Tesla CEO and Twitter chief Elon Musk says the Federal Reserve’s recent rate hikes “might go down in history as most damaging ever.” The billionaire has urged the Fed to cut interest rates immediately, emphasizing that the U.S. central bank is “massively amplifying...
Santas and Grinches: The heroes and villains of 2022
24.12.2022
Here’s a list of the 12 individuals who had the most impact — for better or worse — on the crypto industry this past year
SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler
24.12.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the SEC chief said: “Proof of reserves is neither a full accounting of...
Economic frailty could soon give Bitcoin a new role in global trade
24.12.2022
Aggressive interest rate hikes have wrought havoc on global markets. As a consequence, more countries may embrace Bitcoin in the year ahead
Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019
23.12.2022
On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly...
U.S. delays crypto tax reporting rules, as it still can’t define what a 'broker' is
23.12.2022
Congress passed a law in November 2021 that required the new crypto rules to be issued
2 executives of crypto exchange AAX arrested in Hong Kong: Report
23.12.2022
The former CEO of AAX, Weigao Capital Liang Haoming, and the founder of AAX, Thor Chan, were arrested on Dec. 23
Bridge attacks will still pose a major challenge for DeFi in 2023: Security experts
23.12.2022
Hackers have stolen over $2.5 billion through vulnerabilities on cross-chain bridges in the past two years
Report: SEC Heightens Probe Into Auditors Servicing Crypto Exchanges
23.12.2022
According to the U.S. Securities and Exchange Commission’s Paul Munter, the agency’s acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” Munter...
LastPass attacker stole password vault data, showing Web2's limitations
23.12.2022
LastPass users with weak master passwords may need to change the individual passwords they stored with the service