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 […]
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 […]
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 […]
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 […]
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 […]
Trezor, a leading provider of hardware cryptocurrency wallets, is celebrating its 10th anniversary by launching three new products. The first is the Trezor Safe 3, a hardware wallet that supports over 7,000 cryptocurrencies. This wallet is a significant milestone for Trezor in its commitment to providing entry-level hardware wallets. It comes in four different colors […]
Investment firm BlackRock has taken legal action against the owners of 44 internet domain names that it claims are using its name for fraudulent purposes. The company alleges that these domains, which include keywords such as ‘Blackrock’, ‘Aladdin’, ‘capital’, ‘crypto’, and ‘investments’, were registered in bad faith to deceive consumers and redirect traffic through tactics […]
CoinMarketCap, a crypto data aggregator owned by Binance, has launched a new ChatGPT plugin. This plugin allows users to access real-time data directly from CoinMarketCap. By signing in to their ChatGPT Plus account and enabling the plugin, users can keep up with the rapidly changing crypto landscape. The plugin operates as an AI crypto analyst, […]
Former engineer at Alameda Research, Aditya Baridwaj, has claimed that FTX’s sister hedge fund lost at least $190 million due to avoidable scams. Baridwaj alleges that the firm’s agility led to major security incidents occurring every few months. One example cited is a trader at Alameda losing over $100 million after clicking on a malicious […]
In a recent development, a Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng “CZ” Zhao and three other Binance executives following an extensive investigation into financial pyramid schemes in Brazil. The committee’s report alleges fraudulent management practices, operating without sufficient authorization, and offering securities trading without approval against Zhao, Daniel Mangabeira, Guilherme […]
