Sam Bankman-Fried, the former CEO of FTX and the well-known crypto personality is set free by the Manhattan federal court. The US district court judge, Gabriel Gorenstein has granted the SBF bail for $250 million, along with further restrictions. SBF’s prior bail was rejected in the Bahamas, where he got
Former BlockFi executive and now Google APAC Web3 Lead Rishi Ramchandani is a former of the cryptocurrency industry. Earlier this year, the biggest search engine in the world stated that the Web3 industry had “tremendous potential” and devoted a team to exploring it. In a recent LinkedIn post, Ramchandani expressed
Audit firms doing crypto company audits may expect heightened attention from the U.S. Securities and Exchange Commission (SEC). The SEC has voiced worry about the possibility of investors being given a false sense of security by auditing reports, increasing their vulnerability to cryptocurrencies. This comes after a number of cryptocurrency
Despite the current crypto market conditions, Decentralized finance (DeFi) still proved its higher scaling potential than the traditional financial industry. Some segments of the DeFi industry continue to “display a positive trend,” while the overall value locked fell from its peak of $180 billion in December 2021 to around $50
The global dapp store, DappRadar, has released its 2022 end-of-year report on the blockchain, dapp, and cryptocurrency industries. One of the worst crypto winters ever occurred in 2022, resulting in a sharp decline in the value of most major cryptocurrencies and a spate of catastrophes, including the collapse of the
The Open Network ($TON) now gains support from wallet developer SafePal. The integration enables direct communication with TON dApps, to allow users to hold and transfer $TON within SafePal’s hardware and software wallets. In addition, SafePal would provide support for $TON within the extension wallet. Initially, The Open Network was
DUBLIN–(BUSINESS WIRE)–The “Cryptocurrency Exchange Platform Market Research Report by Platform, Cryptocurrency Type, End-use, Region – Global Forecast to 2027 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering. The Global Cryptocurrency Exchange Platform Market is projected to grow with a significant CAGR in the forecast period. Economic
Binance is increasing its attempts to comply with American law enforcement and regulators. Earlier today, the biggest cryptocurrency exchange in the world by trading volume stated that it has joined the Chamber of Digital Commerce, an American lobbying organization, in order to “help establish policies that benefit and protect users.”
Despite the general decline in tech equities this year (2022), Coinbase stands out as a publicly listed firm whose major business is cryptocurrency. Other businesses in this exclusive group include Block Inc. (previously Square) and crypto mining companies Core Scientific and Riot Blockchain. Coinbase’s share price has dropped 87.04%, to
BlockFi, a defunct cryptocurrency lender, has filed a motion with the U.S. Bankruptcy Court seeking permission to release its customers’ cryptocurrency holdings in BlockFi Wallet Accounts. Withdrawals and transfers from BlockFi Interest Accounts will not be affected by this request, since they are currently suspended. The lender, which filed for
