The chief executive officer of JPMorgan Chase, Jamie Dimon, took aim at cryptocurrency—specifically Bitcoin (BTC)—during his appearance at a Senate Banking, Housing, and Urban Affairs committee oversight hearing in Washington, DC, today. Senator Elizabeth Warren probed the head of JPMorgan for his thoughts on anti-money laundering throughout the session. When
December 7, 2023 1 min read
The founder of Terraform Labs, Do Kwon, has recently appealed the extradition order made by the High Court of Podgorica in Montenegro. On December 6, Do Kwon’s contestation of the verdict was affirmed by the Montenegrin Court of Appeal. Kwon stated: “I do not accept the court’s decision to extradite
December 7, 2023 1 min read
As the price of Coinbase (COIN) shares kept climbing amid a phenomenal rebound in the crypto market, Ark Invest, led by Cathie Wood, sold further shares. On the other hand, at the same time, Robinhood (HOOD) shares are still being purchased by Ark Invest’s several funds in anticipation of massive
December 5, 2023 1 min read
The leading self-custody Ethereum wallet Earth Wallet and Bitcoin wallet Taproot have announced that an independent security audit has been successfully completed. The audit, carried out by well-known blockchain security company Halborn Security, which is popular for its extensive full-stack solutions, will contribute to making sure that security comes first in
December 5, 2023 2 mins read
Private investors have contributed $2 million to Jelly Labs AG and Fintonomy LTD, the companies developing the foundational protocols underpinning Jellyverse. Based on DeFiMetaChain, Jellyverse is a platform providing advanced decentralized financial services. The money raised will be used by Jelly Labs AG and Fintonomy LTD to further accelerate the
December 4, 2023 4 mins read
An on-chain data analytics company Kaiko Research observed a spike in Coinbase’s market share after Binance reached a massive multi-billion-dollar settlement with US authorities last week. Binance and the US DoJ settled anti-money laundering claims to the tune of $4.3 billion on November 21. According to research company Kaiko Research,
December 4, 2023 2 mins read
According to blockchain research company Lookonchain, $22 million worth of digital assets have been transferred by defunct crypto exchange FTX and its subsidiary Alameda Research. After filing for bankruptcy, the new team of FTX and Alameda Research wasted no time and sent large sums to major exchanges. The business has
December 4, 2023 1 min read
From his role as CTO to that of chief executive officer (CEO) of Tether, Paolo Ardoino made the jump on December 1. At a time when the firm is placing a premium on diversity and development, his hiring was meticulously plotted out. Ardoino expects that Tether’s primary business will generate
December 2, 2023 2 mins read
The DeFi protocol KyberSwap lost $48.8 million due to a major vulnerability that occurred on November 22. The company plans to compensate individuals who were impacted financially. In response, KyberSwap is setting up a grant program to compensate those impacted by the incident using funds from its treasury. Affected persons
December 2, 2023 1 min read
With its persistent appeal to large financial institutions, Solana (SOL) has reclaimed its status as one of the most sought after altcoins. The weekly update from CoinShares states that SOL assets under management surpassed $365 million, with $12.4 million more coming in last week. With $240 million and $49.1 million,
December 2, 2023 1 min read