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Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem
27.6.2023
While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly...
Sam Bankman-Fried Shot Crypto MasterClass Prior to FTX Collapse
26.6.2023
Disgraced crypto boss Sam Bankman-Fried had shot a tutorial video on cryptocurrency for MasterClass, a platform that offers courses taught by celebrity experts.
The video, made last summer, was not included with other lessons presented by crypto and blockchain experts that MasterClass announced...
FTX Bankruptcy Team Says the Exchange Owed Customers $8.7B
26.6.2023
Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III
Bitcoin Futures Attract Biggest Bets Since Terra's Collapse
26.6.2023
Open interest has surged to $11 billion to its highest level in over a year
Sam Bankman-Fried Can't Subpoena Law Firm Fenwick & West for Documents, U.S. Judge Rules
23.6.2023
The founder of collapsed crypto enterprise FTX had argued legal advice from the Silicon Valley law firm was "at the core" of the government's criminal allegations against him
VC Chamath Palihapitiya Warns of Chaos in the Equity Market Due to Debt Issues
20.6.2023
Chamath Palihapitiya, CEO of VC company Social Capital, has warned about a looming crisis in equity markets due to the issuance of low-interest debt. According to Palihapitiya, this might be the “biggest business secret hiding in plain sight right now,” as many companies won’t...
Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
18.6.2023
In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against...
Nansen Report: Crypto Exchanges Kraken, Bybit, and Bitget Gain Ground After FTX Collapse
16.6.2023
Smaller crypto exchanges such as Kraken, Bybit and Bitget are finally getting their time in the spotlight after their more dominant rival FTX collapsed last year, according to findings in a new report from blockchain analytics firm Nansen.
In the report, Nansen said the landscape for centralized...
Judge Punts on FTX Founder Sam Bankman-Fried's Efforts to Dismiss Some Charges
15.6.2023
Exchanges pledged $2.5B to user protection funds amid FTX’s collapse: Report
15.6.2023
Not all exchanges have disclosed wallet addresses for the funds, however
U.S. Justice Department Agrees to Try Sam Bankman-Fried on Original Charges Only for Now
15.6.2023
Prosecutors with the U.S. Department of Justice wrote late Wednesday night that they would agree to try FTX founder and former CEO Sam Bankman-Fried on only the original eight charges filed in January after a court in the Bahamas blocked the local government from agreeing to additional charges
Crypto Exchange Thodex Founder Denies Fraud Charges in Turkey
14.6.2023
The founder of failed cryptocurrency exchange Thodex has denied all fraud-related allegations in a Turkish court. The crypto entrepreneur was handed over to Turkey by Albanian authorities earlier this year to face charges for his leading role in running the now defunct platform. Alleged Crypto...
Fornite's New Season Sees Island Collapse, Transformers And Dinos Take Over
8.6.2023
Epic Games’ mega-popular shooter Fortnite is just about to enter its third season of its fourth chapter and after mysterious fractures began appearing across the latest island, we finally know what’s been lurking below. And it looks like there’ll be dinosaurs.Read more
Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says
8.6.2023
Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital assets that have been allegedly transferred since his arrest in Montenegro...
SEC's crypto actions surged 183% in 6 months after the FTX collapse
8.6.2023
The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX
Janet Yellen Urges Congress to Enact Stricter Regulations for Crypto Industry Amid SEC Shakedown
7.6.2023
In a recent statement, former U.S. Federal Reserve chair and current Treasury secretary, Janet Yellen, expressed her desire for Congress to enact more regulatory measures concerning the cryptocurrency industry. Yellen cited Treasury reports on cryptocurrencies that have pinpointed various risks...
FTX lawsuits see crypto firms, influencers dial back endorsement deals
5.6.2023
Some crypto influencers have been giving lucrative endorsement offers a hard pass after seeing what could happen if things end badly for the firm
Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan
2.6.2023
In a recent press release from the U.S. Federal Reserve Board of Governors, it was disclosed that Silvergate Bank has been given a ten-day deadline to submit a plan outlining its self-liquidation procedure and the systematic cessation of operations. This order from the central bank comes in...
Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion
1.6.2023
On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by 27.15% from the low of $65.43 billion reached...
Binance Buying Bank Not Solution for Banking Problems, Says CEO Changpeng Zhao
1.6.2023
Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with payment providers in Australia, Changpeng Zhao said...