Category : Blockchain

Blockchain

Eddy Alexandre Pleads Guilty to Commodities Fraud

After pleading guilty to stealing $248 million from investors, EminiFX CEO Eddy Alexandre might serve 10 years in jail. (Read More)

OneKey Addresses Vulnerability That Allowed Hardware Wallet to be Hacked

White hat hackers identified weaknesses in crypto wallet OneKey's software earlier this year that allowed them to hack a hardware wallet in one second, however OneKey corrected the problem and no one was affected. (Read More)

Nexo to terminate yield-bearing product after paying $45 million

Nexo Capital's cryptocurrency yield-bearing product is being shut down in the US following a multi-million dollar settlement with the SEC and NASAA. (Read More)

Coinbase Executives Stand Up for Crypto Staking Services

Crypto trading Coinbase officials deny its crypto staking services are securities. (Read More)

Silvergate Capital Corp. is the second-most-shorted stock

Silvergate Capital Corp., a crypto bank, has seen its shares fall 87% in the last year, but speculators believe it has further downside. (Read More)

Publicly Listed Bitcoin Mining Companies Show Steady Increase in Hash Rate

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Binance Announces Upgrade to Proof-of-Reserves Verification

Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency. (Read More)

SEC Chair Gary Gensler Called Out by House Representatives Over FTX

Former FTX CEO Sam Bankman-Fried was supposed to appear before the House Financial Services Committee in December. Lawmakers are questioning his arrest. (Read More)

Secret Network to Restructure as Nonprofit with 'Transparent Operation'

Two Secret Network-promoting groups argued publicly before the vote. (Read More)

Deposit Coins May Be the Best Blockchain Option for Commercial Banking

JPMorgan Chase and Oliver Wyman produced a deposit token study for blockchain-based commercial banking. (Read More)

Tether Holdings Hires Major Wall Street Firm to Manage Treasury Portfolio

Tether has recruited a Wall Street company to handle its Treasury holdings. (Read More)

FTX's Physical Assets in the Bahamas

FTX Digital's liquidators bought 52 homes, $2.4 million in cars, and 13 storage facilities, according to an affidavit. (Read More)

BAYC Copycat NFT Collection's Founder Files Opposition being filed

Despite the objections, Yuga Labs expects the 10 trademark applications to be approved. (Read More)

Kazakhstan plans to reduce tax fraud and unlawful business operations

The obligation will gather "information on the revenue of digital miners and digital mining pools for tax purposes" starting Jan. 1, 2024. (Read More)

Shopify Launches Blockchain Commerce Tools to Enhance User Experience

SIWE allows Shopify users to sign in using Ethereum addresses without revealing private information. (Read More)

The Importance of Community in Bitcoin's Success

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Web2 and Web3 tools are merging as crypto-backed debit cards

The Bit2Me card supports eight cryptocurrencies, including BTC, ETH, ADA, and SOL, with more anticipated later this year. (Read More)

SEC Chair Gary Gensler Warns Crypto Companies

Kraken agreed to shut down its U.S. staking services and initiatives, but SEC chair Gary Gensler advised other businesses to “come in and respect the law.” (Read More)

Mississippi State Senate Passes Bill to Protect Crypto Miners

The Mississippi state senate approved a law to shield the bitcoin mining business from unfair "regulatory hurdles." (Read More)

Ethereum staking service Rocket Pool reaches $1 billion in total value

Decentralized network operators get 7.26% annually. (Read More)

Kraken Agrees to Cease Staking Services for U.S. Clients

Kraken settled with the SEC by ending its staking program and paying $30 million in disgorgement, prejudgment interest, and civil penalties. (Read More)

Digital Asset Protection Firm Coincover Secures $30 Million in Funding Round

Foundation Capital and CMT Digital invest $30 million in Coincover to safeguard digital assets. (Read More)

The U.S. government's regulatory strategy towards crypto firms

US officials reportedly discourage banks from serving the bitcoin business. (Read More)

Creditors, Borrowers, and US Trustee Object to Celsius delaying reorganization plan

Celsius received objections from the unsecured creditors committee, Withhold account holders, the U.S. Trustee, and borrowers to extend the restructuring plan deadline. (Read More)

Former FTX CEO Sam Bankman-Fried Restricted from Using encrypted messaging apps

Judge Lewis Kaplan ordered former FTX CEO Sam Bankman-Fried to stop using encrypted chat applications as a condition of his $250-million bail release. (Read More)

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