Coinbase, the largest US cryptocurrency exchange, has raked in $1 million in profit from the recent hack of DeFi platform Curve Finance. The exchange has not yet returned the funds, which some argue belong to the victims of the hack, claiming that it is not obligated to do so. The incident in question occurred in July…
Read more
The once-prominent crypto project IOTA is planning a resurgence with a series of initiatives aimed at boosting network development and token value. After losing market share to newer blockchains following a hype-fueled rally in 2017, IOTA is set to release an upgraded network, known as IOTA 2.0, which will introduce smart contracts, layer 2 blockchains,…
Read more
The majority of Bittrex US customers are leaving money behind by failing to claim their assets. The deadline for approximately 1.6 million customers to claim their crypto assets on Bittrex US and Bittrex Malta exchanges passed on August 31. However, only 35,972 customers, less than 3% of those identified by the court, actually made claims, resulting in…
Read more
The Chinese central bank has updated its digital yuan app, adding new CBDC-powered features, “service” options, and utilities bill payment functions. The central People’s Bank of China (PBoC) released its mobile app in early 2022. It followed up with a major update at the end of last year. Per Shanghai Securities News, the bank’s latest…
Read more
Crypto analyst Jason Pizzino has suggested that the cryptocurrency market is on the cusp of a bull run. In a recent YouTube video, Pizzino claimed that the market is showing strength and potential for growth similar to previous cycles. “This is the beginning of a bull market just like it happened the previous cycle and the previous cycle before that.…
Read more
FTX has reopened its customer claims portal, unfreezing user accounts that were affected by a cybersecurity incident in August. In a recent statement, FTX clarified that the freezing of customer accounts was a precautionary measure and emphasized that additional security measures have been implemented on the claims platform to ensure the safety of user accounts. … Read…
Read more
Ripple Labs, the creator of the decentralized XRP Ledger and issuer of the XRP cryptocurrency that powers it, is expanding its Liquidity Hub platform to Australia and Brazil. Ripple’s Liquidity Hub functions as the US fintech company’s digital asset liquidity management service that it offers to large enterprises. The platform supports services in BTC, ETH,…
Read more
Sam Bankman-Fried’s father, Joe Bankman, played a significant role in advising FTX, the cryptocurrency exchange that faced controversy leading to its downfall. Joe Bankman, a law professor at Stanford University, had a more involved role in FTX operations than previously known, according to a recent report from Insider. … Read More: New Report: Sam Bankman-Fried’s Father Played a Key…
Read more
Nefarious North Korean hacking group Lazarus has stolen nearly $240 million in cryptocurrencies in the past 104 days alone. In a report published by blockchain surveillance firm Elliptic, Lazarus has been identified as the perpetrator behind a series of major cryptocurrency hacks in recent months, with their activity intensifying. The most recent attack attributed to Lazarus targeted the global cryptocurrency…
Read more
The US Department of Justice has expressed concerns over the proposed jury questions put forth by Sam Bankman-Fried, suggesting that they may be unnecessarily intrusive and potentially intended to support his defense. In a letter addressed to Judge Lewis Kaplan of the Southern District of New York, prosecutors claimed that several Bankman-Fried’s proposed questions were intrusive. … Read More: Department of Justice: Sam…
Read more
