Ripple and its XRP token have been gaining significant attention recently, following a key court win in July. This victory has caused the total number of XRP wallets to surpass 4.8 million. The crypto firm celebrated the success with a massive party in New York City, where CEO Brad Garlinghouse even got a tattoo to […]
Images of a Bitcoin wallet, BitKey, developed by Jack Dorsey’s company, Block Inc., have surfaced as reports suggest that the product’s beta is nearing its distribution stage. The wallet is designed with self-custody in mind, ensuring that users have full control over their crypto balance. It is expected to include various secondary features including fingerprint […]
Julie Schoening, former chief risk officer at FTX-owned LedgerX, was terminated in August 2022 after raising concerns about special privileges granted to FTX’s affiliated trading firm Alameda Research. In May 2022, Schoening’s team discovered code showing that Alameda received special treatment, such as being able to have a negative balance as high as $65 billion. […]
Alameda Research, the parent company of FTX, has been accused of using customer funds without their knowledge. According to The Wall Street Journal, some U.S.-based employees of FTX reportedly knew that the exchange had a backdoor that allowed Alameda to withdraw customers’ funds. The employees discovered the backdoor while examining the code used by FTX […]
Sam Bankman-Fried, the former CEO of crypto exchange FTX, is currently on trial for alleged fraud. On the third day of the trial, Adam Yedidia, Bankman-Fried’s former roommate at MIT and FTX developer, testified about the $8-billion deficit the exchange reported prior to its bankruptcy. Yedidia informed Bankman-Fried about a bug in FTX’s code which […]
Amid the ongoing trial of FTX co-founder and former CEO Sam Bankman-Fried, a report has surfaced alleging that some of the company’s US-based employees found a hidden backdoor allegedly used by Alameda Research to siphon billions worth of customer funds from FTX, six months before the crypto exchange’s fall.The employees reported the issue to the […]
CoinDCX, an Indian cryptocurrency exchange, has announced the expansion of its self-custody wallet Okto by integrating the major on-ramp platform Transak. This integration will allow users to buy cryptocurrencies such as Bitcoin directly on Okto, using a variety of fiat currencies. The wallet now supports more than 155 jurisdictions, up from the previous 60.The integration […]
Poolz Finance has recently launched ‘Poolz Boost’, a Quest-to-Earn platform designed to revolutionize the campaign system in the cryptocurrency and NFT space. This platform offers a more effective and cost-efficient campaign outlet, ensuring that each campaign reaches its intended audience and fostering genuine engagement.The Web2 advertisement industry has been plagued with challenges, including breaches of […]
Kraken, a United States-based cryptocurrency exchange, has announced a pending deal to acquire Coin Meester B.V. (BCM), a Netherlands-based cryptocurrency exchange. The financial details of the deal have not been disclosed, but the acquisition is likely due to the European Union’s (EU) establishment of its Markets in Crypto-Assets (MiCA) regulatory framework. Kraken plans to expand […]
Ripple, a prominent fintech company, recently earned two awards at the Future Digital Awards for Fintech & Payments 2023. The company was celebrated for its “Sustainability in Fintech Innovation of the Year” and received accolades in the “CBDC Innovation” category. Juniper Research commended Ripple for its ground-breaking efforts concerning the US Dollar-backed Palau Stablecoin (PSC). […]
