Wirex, a crypto payment service provider, has launched W-Pay, a zero-knowledge proofs-based non-custodial crypto debit card service. W-Pay is built on Polygon’s Chain Development Kit (CDK) and promises increased scalability and security. The zero-knowledge protocol allows one party to prove something is true without disclosing any information other than the fact that the claim is […]
FTX, a crypto derivatives exchange, has been accused of allowing Alameda Research to withdraw billions in customer funds through a backdoor in the exchange. According to a Wall Street Journal report, some of FTX’s employees in the U.S. were aware of the backdoor, but the problem was never fixed. The team, who worked for LedgerX, […]
Sam Bankman-Fried, the former CEO of FTX, is currently facing a six-week trial with seven charges related to fraud and conspiracy to commit fraud. If convicted, he could face over 100 years in prison. On the first day of the trial, Bankman-Fried’s defense counsel delivered an opening statement to the 12 jurors who will decide […]
Ripple has had a successful couple of days, winning a second case against the United States Securities and Exchange Commission (SEC) and being featured in a prestigious Fintech 100 list. The court ruling from July was upheld and a trial date of April 24, 2024 was set. Ripple also unveiled a new anti-fraud feature for […]
Marc-Antoine Julliard, a London-based cocoa beans trader, was the first witness to testify against Sam Bankman-Fried (SBF), the founder and former CEO of the bankrupt cryptocurrency exchange FTX. Julliard had invested $100,000 in the platform in 2021 and was left in limbo when it filed for bankruptcy in November 2022. During his testimony, Julliard said […]
The ongoing trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried, continued on October 4 with both parties giving their opening arguments. The prosecution accused SBF of stealing customers’ funds up to $10 billion and spending it on himself and political contributions. The defense argued that SBF acted in good faith […]
The FTX exploiter has moved roughly $36.8 million worth of Ether ETH in the last 24 hours, amidst the ongoing court trials of the defunct crypto exchange’s ex-CEO Sam Bankman-Fried (SBF). On November 11, 2022, accounts linked to FTX and FTX U.S. were drained off $600 million, hours after the crypto exchange had filed for […]
CMCC Global, a Hong Kong-based venture capital firm, has raised $100 million to support Asian blockchain startups. The fund, called Titan Fund, was backed by 30 investors including Block.one, Pacific Century Group, Winklevoss Capital, Jebsen Capital, and Animoca Brands founder Yat Siu. The fund will focus on investments in blockchain infrastructure, consumer applications such as […]
Ripple has been honored with two awards at Juniper Research’s Future Digital Awards for Fintech & Payments 2023. The company was awarded the “Sustainability in Fintech Innovation of the Year” and the “CBDC Innovation” award. The “Sustainability in Fintech Innovation of the Year” award was rewarded for Ripple’s innovative work on the US Dollar-backed Palau […]
FTX, a global crypto empire, experienced a massive hack in January 2023, resulting in the loss of $323 million in various tokens from its international exchange and $90 million from its U.S. platform. The hacker seized over $600 million in Ethereum (ETH) and has since been converting it to Bitcoin (BTC) over 12 transactions split […]
