Chinese Bribe Scandal Deepens for FTX FounderNew revelations have emerged in the Chinese bribe scandal involving Sam Bankman-Fried, the founder of cryptocurrency exchange FTX. Testimony from Caroline Ellison, co-founder of Alameda Research, suggests that Bankman-Fried paid $150 million in bribes to Chinese government officials in 2021, a significantly higher amount than previously disclosed. As a […]
President Miguel Albuquerque of Madeira has announced plans to establish a Bitcoin business hub in the region, with the aim of fostering innovation. The announcement was made during a conversation with Prince Filip of Serbia at the Bitcoin Amsterdam 2023 event. Prince Filip expressed his interest in the hub, highlighting its potential for technological development […]
On October 13, the G20, an international forum for governments and central banks, unanimously adopted the G20 Finance Ministers and Central Bank Governors Communique during its meeting in Marrakesh, Morocco. The G20 accepted the regulatory roadmap proposed by the IMF and FSB in September, which advocates for comprehensive supervisory oversight of cryptocurrencies instead of a […]
John E. Deaton, a prominent attorney in the XRP community, expressed his frustration with the lack of effectiveness in addressing the US Securities and Exchange Commission (SEC) through letters to its Chairman, Gary Gensler. Deaton took to X (formerly Twitter) to announce his intention to write a letter to the Financial Services Committee (FSC) criticizing […]
SEC Chair Gary Gensler is facing threats of compulsory process if the agency does not comply with oversight requests from the House Committee on Oversight and Accountability by October 19. Chairman James Comer accused the SEC of obstruction and demanded full cooperation, warning of forced compliance if all requested documents are not provided. The letter […]
James Comer, chair of the United States House of Representatives Oversight and Accountability Committee, has threatened Securities and Exchange Commission (SEC) chair Gary Gensler with a subpoena. Comer expressed concern about SEC’s actions to circumvent Congress and harm American taxpayers. The issue at hand is the SEC’s coordination with the European Union (EU) on environmental, […]
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 […]
Former engineer Aditya Baradwaj has made shocking claims about security lapses at Alameda Research, alleging that the company lost $190 million due to avoidable mistakes and lax security practices. One notable incident involved an Alameda trader who accidentally clicked on a malicious link while validating a decentralized finance transaction, resulting in a loss of over […]
Indonesia is positioning itself as a leading hub for Web3 technology and cryptocurrency adoption. With a population of 270 million, including a large percentage of tech-savvy young people, the country is primed to embrace decentralized technologies. The Indonesia Blockchain and Metaverse Center (IBMC) is working with various sectors, including the government, to educate the public […]
Edward Snowden, a well-known advocate for cryptocurrency, recently spoke at the BTC Conference and shared his thoughts on Bitcoin. He urged investors to look beyond the price of the asset and focus on its actual use cases. Snowden highlighted the issue of lack of real anonymity in Bitcoin, making it easy for governments to track […]
