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
Using eight different cryptocurrencies, wallets associated with the now-defunct FTX exchange and its subsidiary Alameda Research sent $10.8 million to Binance, Coinbase, and Wintermute accounts. Spot On Chain, a blockchain research organization, saw the transaction and estimated that the organizations had moved $551 million using 59 distinct cryptocurrency tokens since
Cardano’s founder claims that while Ethereum’s co-founder works to rearrange one of its most prominent aspects, Cardano’s current structure seems to be being replicated via the Ethereum blockchain network. Hoskinson maintains the firm belief that Cardano’s status as an industry prototype has gone unrecognized. Charles Hoskinson recently made some bold
Solana pricing has been on a dramatic increase in recent weeks. Despite the brief plunge, the price is still up 82% during the last 30 days. The bulls are back in action and the price has shown positive momentum. On November 20th, the U.S. Securities and Exchange Commission sued Kraken,
News of a confidential SEC meeting this week covering enforcement proceedings and litigation actions has revived settlement speculation within the Ripple community. The undisclosed November 30th agenda comes amidst key phases in Ripple’s ongoing legal battle with the regulatory body over XRP’s status. While no parties are named, the slated
After losing gains following a prolonged bull run, Solana (SOL), currently seems susceptible to additional falls. Perhaps influenced by the prior overall market momentum and the fear of missing out (FOMO) impact, the price of SOL skyrocketed to about $0.68 in mid-November, a level last seen in the spring of
Just months after its U.S subsidiary was shuttered, crypto exchange Bittrex Global is reportedly closing down operations. Following Bittrex US’s bankruptcy filing in Delaware in May, the duo were sued by the U.S SEC for running a securities exchange without proper authorizations. This ultimately led to the closure. After “all
The Blockchain Association has added its voice to that of the six plaintiffs who are challenging the sanctions placed on the cryptocurrency mixer Tornado Cash by the U.S Treasury’s Office of Foreign Assets Control (OFAC). In a Nov. 20 amicus curiae brief to a U.S. appeal court, the crypto advocacy
Binance Japan recently revealed the inclusion of 13 new tokens to its platform for Japanese users. The token count at the exchange will rise to 47 after this modification, which is scheduled for November 27. Many well-known protocols, such as Near Protocol (NEAR), Optimism (OP), and Arbitrum (ARB), have been
In a tale of contrasting halves, the crypto market underwent a rollercoaster ride for the first three quarters of 2023, with a downturn that seemed unrelenting. However, the last quarter heralded a wave of optimism, as the market saw a resurgence in bullish sentiment. Notably, top coins like Bitcoin and
