Sam Bankman-Fried’s (SBF) family is embroiled in a $100 million financial controversy. These involve the abuse of business assets to make political contributions. SBF is the founder of the defunct crypto exchange FTX. The Wall Street Journal (WSJ) recently published emails. That showed the SBF family handled more than $100
July 5, 2024 2 mins read
U.S Spot Bitcoin ETFs again are seeing withdrawals, with the most recent reaching $35 million, after a short period of inflows. Lookonchain, a blockchain analytics platform, disclosed today that Grayscale (GBTC) withdrawals were $30.7M. The investment asset management organization now has 274,734 units of Bitcoin ($15.76 billion), after this $30.7
July 5, 2024 2 mins read
A system to continuously monitor cryptocurrency exchanges for suspicious transactions has been created by South Korea’s Financial Supervisory Service (FSS). The FSS announced its collaboration with South Korean digital asset exchanges. In order to put up a mechanism for continuous monitoring of suspicious transactions on July 4. The Virtual Asset
July 4, 2024 2 mins read
To better safeguard users’ digital assets and personal information against fraud, scams, and theft, Consensys has announced the acquisition of Wallet Guard. In order to enhance user safety inside Web3, the purchase seeks to incorporate Wallet Guard’s superior security capabilities into MetaMask. Users of MetaMask may anticipate enhanced security features.
July 3, 2024 2 mins read
CoinDCX, the biggest cryptocurrency exchange in India, has expanded into the Middle Eastern and North African market by acquiring BitOasis, a cryptocurrency exchange based in Dubai. The cryptocurrency exchange has taken the first move toward its goal of expanding internationally with this. In August of last year, CoinDCX strategically invested
July 3, 2024 2 mins read
The GHO stablecoin, managed by Aave’s decentralized autonomous organization, is set to be launched on the Arbitrum blockchain as part of its “cross-chain expansion strategy.” Reportedly, the multi-collateralized stablecoin that is native to the Aave Protocol will use the widely used Chainlink Cross-Chain Interoperability Protocol (CCIP) and will be released
July 2, 2024 2 mins read
For its case against the SEC, a U.S. court has approved Consensys’s request for a fast-track hearing. More regulatory clarification for the crypto industry has been sought, and the deadline has been brought closer as a result. In April, when the SEC issued a Wells Notice designating Ethereum as a
July 2, 2024 1 min read
Cardano (ADA) co-founder Charles Hoskinson has voiced his disapproval of the current US administration’s stance on cryptocurrencies. He says that the crypto community has a crucial chance to strategically influence policy with their votes in the next elections. The negative impact of President Joe Biden’s policies on the crypto sector
July 2, 2024 1 min read
In Monday’s most recent burn event, crypto exchange, Binance, burnt 1.7 billion Terra Luna Classic (LUNC) tokens. The exchange has burnt over 62 billion LUNC so far, after the 23rd batch of the LUNC burn mechanism. According to the burn transaction that took place on July 1, Binance burnt 1.7
July 1, 2024 1 min read
An assessment by Kazakhstan’s Financial Services and Regulatory Committee (AFSA) confirmed that the digital asset Toncoin (TON) fulfilled the listing requirements of the financial regulator, allowing it to be traded on regulated exchanges. The Kazakh government has officially authorized Toncoin, adding it to the list of 107 cryptocurrencies. Furthermore, a
June 29, 2024 2 mins read
