Caroline Ellison, the former head of Alameda Research, has admitted her guilt in relation to seven charges she faced. In court on Wednesday, Ellison took responsibility for her actions, although she did not clarify whether her previous failure to do so was due to her unwavering belief in Sam’s vision or other factors. Regardless, she […]
Cardano founder Charles Hoskinson has addressed the controversy surrounding Ethereum’s alleged bribery of the US Securities and Exchange Commission (SEC) in an Ask-me-Anything (AMA) session. The theory, known as ETHGate, suggests that Ethereum executives lobbied SEC officials to secure favorable regulation for the ETH token. However, Hoskinson argues that the activities leading up to SEC […]
The Shiba Inu community has been warned about fraudulent emails and an unofficial LinkedIn account. Shibarmy Scam Alerts advised caution and urged people not to open these deceptive messages. The Shiba Inu Telegram Admin, Ragnar, also emphasized that SHIB does not have an official LinkedIn account, warning against trusting information from such sources. Ragnar clarified […]
DeCurret Holdings, a group of Japanese companies, has published a White Paper outlining its plans to launch a digital currency project called DCJPY in July 2024. The project will consist of two areas: the Financial Zone and the Business Zone. The Financial Zone will involve banks minting digital currency on the blockchain, while the Business […]
The spot trading volume of Coinbase, one of the largest crypto exchanges in the United States, has experienced a significant decline, dropping by over 50%. This decline indicates a shift in interest in crypto trading. According to analysis from digital asset data provider CCData, Coinbase recorded approximately $76 billion in spot trading volume for the […]
Former engineer at Alameda Research, Aditya Baradwaj, has revealed how lax security practices at the company led to losses of nearly $200 million. Baradwaj disclosed that founder Sam Bankman-Fried prioritized rapid expansion over risk management protocols, resulting in challenges with account reconciliation, trading safety measures, and safeguarding private keys. The company experienced three major security […]
ARK Invest/21Shares has submitted an updated version of its spot Bitcoin Exchange-Traded Fund (ETF) prospectus, indicating a significant step forward in the approval process. The move comes after the SEC reached out to issuers with comments and questions about their S-1 filings. The updated prospectus addresses concerns raised by the SEC, particularly regarding Net Asset […]
BarnBridge, a decentralized autonomous organization (DAO), has unanimously decided to comply with potential demands from the United States Securities Exchange Commission (SEC). The DAO’s members voted to pay fines if necessary and nominated Tyler Ward and Troy Murray as special delegates to handle interactions with the regulator. Douglas Park will continue to serve as the […]
The Open Network (TON) is a decentralized blockchain platform developed by Telegram. It was designed to offer a wide range of services and applications, including decentralized finance (DeFi) and non-fungible tokens (NFTs). TON is described as an advanced, decentralized supercomputer capable of processing millions of transactions in a fraction of a second. It consists of […]
FTX, the collapsed crypto exchange, has reached a settlement agreement with Genesis Global Capital, a crypto lending firm, in their ongoing bankruptcy case. Under the agreement, FTX will receive a $175 million claim against Genesis, while also withdrawing over $1 billion in counterclaims. This settlement aims to resolve disputes over loans made by Genesis to […]
