An unknown hacker managed to steal more than $600 million worth of Ether from FTX shortly after the company filed for bankruptcy and its founder stepped down from his position. The hacker initially deposited the stolen funds to CoinMixer, an anonymous Bitcoin mixing service, in order to obscure the trail of funds. After withdrawing from […]
SWIFT, the global payments network, is making strides in the world of blockchain-based transactions. Cross-border payments are projected to reach a valuation of approximately $250 trillion by 2027. A survey of 4,000 consumers and SMEs across eight key markets revealed that banks remain the preferred choice for many due to the high level of trust […]
The Department of Justice (DOJ) has affirmed its plan to summon former FTX clients, investors, and staff as witnesses in the upcoming trial involving Sam Bankman-Fried, the former FTX executive. The DOJ submitted a letter motion in limine on Sept. 30, to enable them to get the interpretation of the witnesses on FTX’s treatment of […]
Circle, a stablecoin issuer, has stepped into the legal battle between the Securities and Exchange Commission (SEC) and Binance. Circle is arguing that stablecoins, whose value is tied to other assets, should not be subject to traditional financial trading laws. This case is seen as a pivotal moment in the crypto-legal world, as it highlights […]
The SEC has charged Anthony Viggiano with insider trading ahead of numerous merger-and-acquisition deals. Viggiano allegedly tipped two friends on upcoming M&A deals and strategic partnerships, resulting in more than $580,000 of illegal profit. The SEC also charged the recipients of the trading tips, Christopher Salamone, Stephen Forlano, and Nathan Bleckley. Viggiano faces nine securities […]
The United States Securities and Exchange Commission (SEC) has initiated legal proceedings against Prager Metis, an accounting firm that had previously provided services to the now-defunct cryptocurrency exchange FTX. According to the SEC, Prager Metis had violated the industry’s independence standards by continuing to offer accounting services over a period of nearly three years. The […]
This week saw a number of developments in the cryptocurrency space. Valkyrie Investment Group announced that it will start offering exposure to Ether futures in the coming days, allowing investors access to Ether and Bitcoin futures “under one wrapper”. Asset manager VanEck also disclosed its upcoming Ethereum Strategy ETF, which will be listed on the […]
Ultra Stellar and Allbridge have joined forces to revolutionize the mobile blockchain experience. Through their enhanced partnership, they have integrated Allbridge’s decentralized application (dApp) interface into the LOBSTR and MetaMask apps, facilitated by WalletConnect. This integration eliminates the need for additional devices or desktop setups, allowing users to bridge between various EVM blockchains, including Ethereum, […]
Bitcoin (BTC) has demonstrated remarkable resilience in the face of fluctuations in the broader financial sectors, regularly holding a position above the $27,000 level. VanEck’s proposal for an Ether futures ETF has sparked optimism in the cryptocurrency market, but experts advise caution.The potential approval of a Bitcoin ETF by the Securities and Exchange Commission (SEC) […]
Crypto.com, PayPal, and Paxos have joined forces to create a platform for PayPal USD (PYUSD) exchange. This collaboration is aimed at increasing cryptocurrency accessibility and advancing digital commerce. Joe Anzures, SVP and GM, Americas and Global Head of Payment Partnerships at Crypto.com, expressed his enthusiasm for the venture. He believes that this partnership will help […]
