Mainstream cryptocurrency adoption is well underway according to recent findings from a Crypto.com report that show global cryptocurrency ownership increased by 34% last year. According to the report, 432 million people owned crypto in January 2023, a number which rose to 580 million by the end of last year. While notable, digital assets may soon…
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Disgraced FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison and an $11 billion fine, Judge Lewis A. Kaplan ruled in Manhattan federal courthouse Thursday morning. Kaplan likened Bankman-Fried’s theft of nearly $8 billion in customer funds to “a game,” where he weighed “the cost of getting caught against the probability of…
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In a packed courtroom, Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis A. Kaplan. The sentencing follows a landmark trial that has captured widespread attention for its revelations of financial misconduct within the cryptocurrency industry. Crypto Mogul Sam Bankman-Fried Handed 25-Year Sentence; $11 Billion…
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Web3 gaming platform Elixir Games has raised a $14 million seed funding round from Square Enix, the Solana Foundation and Shima Capital, and others. Funding will be used by Elixir Games to launch its native token “$ELIX” and its “Launchpad & Incubation Program” which go live later this year. In an announcement, Elixir Games said…
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The decentralized finance (defi) entity, Prisma Finance, has fallen prey to a security breach, with onchain detectives revealing that $11.6 million has been pilfered from its liquid staking protocol. Prisma Finance in Turmoil: $11.6M Lost to Hackers, Emergency Measures Activated On a recent Thursday, blockchain surveillance and safety squads from Peckshield and Cyvers reported the…
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The Hague Conference on Private International Law (HCCH) has initiated a project on digital asset tokenization. It aims to bring legal clarity to cross-border businesses engaging with digital assets. This project will encompass various digital token types. It will also explore preliminary legal questions surrounding digital securities and blockchain-based digital asset management. The intergovernmental organization…
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A South Korean civil servant was arrested on March 27 on charges of committing crypto-related fraud and carrying out voice phishing attacks. According to Fn News, the accused is a level six district office official in her 50s. Police said she “received money from multiple victims.” Police say she converted the fiat to Bitcoin (BTC).…
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BlackRock CEO Larry Fink said he is “bullish on the long term viability of Bitcoin” and thinks an ETH exchange traded fund (ETF) may still be possible even if the U.S. Securities and Exchange Commission (SEC) brands ETH a security. In an interview with Fox Business on Wednesday, BlackRock’s Fink was asked about the recently…
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Crypto custody firm Copper reportedly threw a London party where attendees were served sushi off two partially-clad models. The Financial Times reported Wednesday that the private function, dubbed “The Copper Experience,” was held last week. The venue for this event, held after the Digital Assets Summit 2024, was the 5-star Mandrake Hotel in London’s Fitzrovia.…
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The Near Foundation, which supports the Layer 1 Near Protocol, has announced that it now supports chain signatures. This advancement allows users to access multiple chains using their Near account, enhancing interoperability and user experience. Chain signatures and multichain transactions have been made possible through a recent partnership with EigenLayer, a restaking project built on…
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