Ark Invest Updates Bitcoin ETF Prospectus in Response to SEC Concerns

Ark Invest, led by Cathie Wood, has filed an updated version of its spot Bitcoin ETF prospectus in response to feedback from the U.S. Securities and Exchange Commission (SEC). The SEC had requested clarifications on certain concerns, and it appears that Ark Invest has addressed these concerns in its new filing. One notable change in […]

Trader Joe’s Files Lawsuit Against Decentralized Exchange Trader Joe Over Trademark Infringement

United States supermarket chain Trader Joe’s has filed a complaint against decentralized exchange Trader Joe, accusing it of federal trademark infringement and dilution. The lawsuit claims that Trader Joe and its co-founder Cheng Chieh Liu used the supermarket’s ideas and narrative for one of the platform’s fictional characters, as well as a similar name and […]

Ripple’s XRP Gains Unique Non-Security Status in the US Following Court Ruling

Ripple’s recent legal victory against the US Securities and Exchange Commission (SEC) has had significant implications for its cryptocurrency, XRP. The ruling by Judge Analisa Torres classified XRP as a non-security, providing much-needed clarity for the token in the US. Ripple’s Chief Legal Officer, Stuart Alderoty, highlighted this unique status in an interview with CNBC. […]

Binance CEO’s Tweet Blamed for FTX’s Collapse in Former CEO’s Testimony

According to former Alameda Research CEO Caroline Ellison, a tweet from Binance CEO Changpeng Zhao (CZ) played a role in the collapse of cryptocurrency exchange FTX. In the tweet, CZ announced that Binance would be liquidating its holdings of FTX Token (FTT) due to recent revelations. This caused retail investors to follow suit and withdraw […]

Former Engineer Reveals $190 Million Losses Due to Poor Security Practices at Alameda Research and FTX

Amidst ongoing legal proceedings, new testimonies have emerged against Sam Bankman-Fried (SBF) and his operations. A former engineer at Alameda Research, the sister hedge fund of FTX, has come forward with revelations of substantial losses in trading funds totaling at least $190 million. Aditya Baradwaj, the individual in question, has provided a detailed account of […]

Stars Arena Recovers Almost All Stolen Assets After Security Breach

Avalanche-based social app Stars Arena has successfully recovered the majority of its lost assets following a recent security breach. The hacker responsible for the breach agreed to return the stolen $2.9 million in AVAX tokens in exchange for a 10% bounty and 1,000 AVAX lost in a bridge. Stars Arena had previously experienced an attempted […]

Coins.ph Partners with Circle to Enhance Remittance Services for Filipino Users

Philippine-based cryptocurrency exchange Coins.ph has partnered with fintech firm Circle to enhance remittance services for its 18 million Filipino users. The collaboration aims to leverage stablecoin-denominated remittances, which offer fast, affordable, and secure international money transfers. Circle is the creator of USDC, the second-largest stablecoin by market capitalization, designed to maintain a 1-to-1 peg with […]

Crypto Influencer Challenges Billionaire Calvin Ayre to $100 Million Bet on Craig Wright’s Identity as Satoshi Nakamoto

Kara Szabo, a crypto influencer, has challenged Canadian billionaire Calvin Ayre to a $100 million bet if he can prove that Craig Wright is the creator of Bitcoin, Satoshi Nakamoto. Ayre responded by stating that Wright’s “domain knowledge and Patent portfolio” were enough for him, and that “history will not be kind” to Szabo. The […]

Mastercard Completes Successful CBDC Trial on Ethereum Blockchain

Mastercard has successfully completed a trial of a central bank digital currency (CBDC) in collaboration with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). The project focused on exploring Mastercard’s capabilities to facilitate CBDC transactions on the public Ethereum blockchain. This move comes in response to growing consumer demand […]

Stellar Development Foundation Partners with Certora to Enhance Security of Soroban Smart Contracts Platform

The Stellar Development Foundation has partnered with Certora to enhance the security of its smart contracts platform, Soroban. Certora’s formal verification tools will not only check the code but also offer continuous integration, ensuring code alignment with specifications as it evolves. Soroban, powered by WASM (WebAssembly), is the first platform to receive support from Certora […]