FTX debtors have disclosed a series of financial statements that show top executives used company funds to their own advantage shortly before the cryptocurrency exchange collapsed. In a recent court filing with the United States Bankruptcy Court for the District of Delaware, FTX debtors shed light on payments and property transfers directly benefiting senior executives at FTX and…
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Ripple Labs has objected to the Securities and Exchange Commission’s (SEC) request to appeal a federal judge’s ruling that the XRP token is not a security when sold to the public. On Friday, Ripple filed a request with US District Judge Analisa Torres in New York, urging her to deny the SEC’s plea, according to a report from Bloomberg. … Read More: Ripple…
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Chief Financial Officer (CFO) and General Counsel at crypto venture capital firm Paradigm are set the leave the company this month. Nathan Apsel, CFO of Paradigm, and Reena Jashnani-Slusarz, the company’s General Counsel, are expected to depart by mid-September, according to an internal email from the company. The email detailed that the departure of Apsel and Jashnani-Slusarz comes after…
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Retired Brazilian soccer star Ronaldinho Gaucho has denied accusations of involvement in a cryptocurrency pyramid scheme bearing his name. On Thursday, the soccer star, whose real name is Ronaldo de Assis Moreira, appeared before a group of lawmakers at a congressional hearing to address these serious allegations. He categorically denied any association with the company implicated in the fraudulent…
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Bitcoin exchange inflows have reached one-month highs according to data from Glassnode, signaling increasing selling pressure as the price of Bitcoin has fallen below $26,000. The one-day moving average of bitcoin’s exchange net flow reached $9.75 million on August 16, marking the highest level seen in the past month. Glassnode also reported that the amount…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: 5-Country Joint Advisory Report Warns About Russian Malware Targeting Crypto Users, IBM Shares 5 Points for Success of Digital Euro Read more »Sign up for e-EUR – the…
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A Chinese town has agreed to become a digital yuan “demonstration town” after striking a CBDC deal with a major, state-run bank. Per JSChina, the deal was struck in Likou, a town in Siyang County, near the city of Suqian in China’s Jiangsu Province. The People’s Government of Likou Town reportedly signed a deal with…
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Bitcoin has managed to remount its 200-day exponential moving average after a period of decline since reaching its year-to-date peak in July. According to some analysts, holding this support level will indicate the cryptocurrency may have bottomed out from its drop over the summer. While Bitcoin battles to sustain its long-term dynamic support, what are…
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China is readying a fresh digital yuan adoption push ahead of next month’s Asian Games, with the nation ready to show off its CBDC to a large international audience for the first time. Citizens in the pilot zones will be able to buy tickets for the event using the central bank’s official CBDC app –…
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Prada Group, the parent company of Miu Miu, has embraced high-tech solutions like blockchain technology to combat counterfeit products. The company, in cooperation with the Aura Blockchain Consortium, has launched blockchain services that allow customers to verify the authenticity of their purchased products, according to a Wednesday report from Bloomberg. … Read More: Prada Group Uses Blockchain Technology to Verify…
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