'We allowed Alameda to withdraw unlimited funds' — Gary Wang at SBF trial
cointelegraph.com

According to FTX’s former chief technology officer, Sam Bankman-Fried committed crimes with himself, Nishad Singh and Caroline Ellison.

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JPEX Crypto Exchange Faces Backlash Over Forced Asset Conversion
crypto-economy.com

The JPEX cryptocurrency exchange has sparked controversy and anger among some of its users after it allegedly converted their assets into low-value tokens without their consent. The exchange, which is facing legal troubles in Hong Kong for operating an unauthorized platform and defrauding over 2,300 people, announced its plan to transform into a decentralized autonomous […]

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Canadian Securities Regulator Softens Stance of Stablecoin Regulations
www.financemagnates.com

The Canadian Securities Administrators (CSA) has clarified its stance on regulating stablecoins. This move aims to establish a balance between investor protection and promoting innovation within the Canadian crypto market, the regulator said. In a statement published by the Ontario Securities Commission (OSC), the CSA said it may permit continued trading of stablecoins subject to […]

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SeekCoin is Set to Revolutionize How We Perceive <b>Cryptocurrency</b> Utility in the Future
www.google.com

With thousands of token holders, SEEK is already defining its competitive edge in the cryptocurrency market. The pioneering advantage for holders of …

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Friend.Tech Targeted Again: Hacker Steals 234 ETH in Under 24 Hours
cryptopotato.com

The lone scammer has managed to abscond with approximately $385,000 worth of Ether (ETH) in under 24 hours. This incident forms part of a string of SIM-swapping hacks targeting users of the popular platform Friend.Tech. Scammer Steals 234 ETH in Less Than 24 Hours Blockchain investigator ZachXBT took to X on Oct. 5 to report […]

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Polygon (MATIC) Price Jumps Following Unusual Whale Activity Spike
u.today

MATIC has been in green six out of seven days in a row

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Kraken to acquire Dutch crypto broker BCM in commitment to grow European business
blog.kraken.com

Kraken is thrilled to announce our planned acquisition of Coin Meester B.V. (BCM) in the Netherlands. The deal highlights our commitment to growing our business in Europe by leveraging our strong financial position and highly competitive product offering. Founded in 2017, BCM is one of the Netherlands oldest and most respected registered crypto brokers. The […]

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Swan Seeks to Boost Custody Offerings With Blockstream Partnership
bitcoinmagazine.com

Today, Blockstream, a global leader in Bitcoin infrastructure, announced a partnership with Swan Bitcoin, a prominent Bitcoin-only financial services company, to launch Swan Vault, enabling customers to safeguard their Bitcoin via collaborative custody, according to a press release sent to Bitcoin Magazine. Swan Vault is powered by Blockstream Jade, an open-source Bitcoin hardware wallet. “Integrating […]

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Justin Sun Unstakes 20,000 Ethereum (ETH) From Lido Finance, What’s Going On?
www.newsbtc.com

A crypto wallet associated with Justin Sun, the co-founder of Tron, a smart contract platform, has moved 20,000 Ethereum (ETH) worth roughly $32.4 million from Lido Finance, a liquidity staking platform. Funds were transferred to Binance, the world’s largest crypto exchange, trading volume and client count. The transaction, executed in a single batch, was captured by […]

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How will CBDCs be used for political oppression in your country?
cointelegraph.com

Central bank digital currencies (CBDCs) are poised to give politicians unprecedented power to track your data, restrict your movements, and control your life.

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Kraken set to acquire Dutch exchange BCM, eyes European expansion
cryptonews.com.au

United States-based exchange Kraken has announced a pending deal to acquire Netherlands-based cryptocurrency exchange Coin Meester B.V. (BCM) as it sets its sights on European expansion. While the financial details of the deal have not been disclosed, Kraken and BCM announced the looming acquisition off the back of the European Union’s (EU) establishment of its […]

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Axie Infinity (AXS) Price Could Hit New 2-Year Low Following This Upcoming Event
cryptonews.com.au

Axie Infinity (AXS) price has failed to reclaim the $5 level despite the positive sentiment surrounding the altcoin markets in late September. Historical on-chain data provides insights into how AXS price could perform in the coming weeks. Axie Infinity is set to execute its next token unlock on October 20. Here’s how key stakeholders in […]

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Does Bitcoin or Crypto Mining Still Pay Off?
www.financemagnates.com

Cryptocurrency mining, particularly Bitcoin mining, has long piqued the interest and investment of many. Individuals and corporations have been pulled into the field of crypto mining by the appeal of earning digital currencies by authenticating transactions on a blockchain network. However, as the crypto landscape changes and matures, the issue of whether Bitcoin or crypto […]

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Hong Kong-based <b>cryptocurrency</b> exchange JPEX faces US$300 million fraud allegations
www.google.com

Hong Kong authorities are scrutinising JPEX, a cryptocurrency exchange, for allegations of fraud and have arrested staff members, as reported by …

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Polygon Co-Founder Steps Down From Executive Position
crypto-economy.com

In a recent development, the co-founder of Polygon, Jaynti Kanani has announced to step back from the daily operations of Polygon (MATIC), and the future of polygon with Polygon 2.0. He remained a key member of the company for the last six years. However, now Kanani plans to contribute to the protocol from the sidelines. […]

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This AI Crypto Rallied by 40% Last Week
u.today

Covalent’s CQT, labeled as ‘AI & Big Data Token’ by CMC, witnesses marvelous price upsurge

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Ripple (XRP) May Have Won the Battle v. SEC, but the War is Just Starting
cryptopotato.com

TL;DR Ripple secured another win against the SEC in court; however, the legal battle continues with a trial set for April 23, 2024. The SEC may appeal post-trial. Ripple vs. SEC outcome is pivotal for the crypto industry, potentially redefining regulatory guidelines on what is considered a security. Recent Ripple updates: The controversial Clawback feature […]

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Coming Soon: An Easier Way To Bootstrap Your Node's UTXO Set
bitcoinmagazine.com

Yesterday marks coming up to the finishing line after almost four years of work. Assumeutxo was merged into the Bitcoin Core master branch by Andrew Chow yesterday. This is the first major non-consensus update to the Bitcoin reference implementation in quite a while, and is going to have a lot of interesting implications for users […]

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This Chart Is Pro-Solana: Is It Time To Sell ETH For SOL?
www.newsbtc.com

For the last two years, Ethereum (ETH) has outperformed Solana (SOL), looking at the performance in the weekly chart. However, according to one technical analyst on X, this is about to change, especially considering the candlestick arrangement of the SOLETH chart on the weekly chart.  Will SOL Outperform ETH In 2024 And 2025? Sharing a screen […]

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Hong Kong crypto VC opens $100M fund for Asian blockchain startups
cointelegraph.com

The “Titan Fund” has already made five investments in different blockchain startups, with two going toward Hong Kong-based projects.

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Everything You Need to Know About Grayscale’s Ether Futures ETF
www.financemagnates.com

Traditional financial institutions are increasingly interested in giving clients with exposure to digital assets, as cryptocurrency investing choices continue to expand. Grayscale Investments, a well-known cryptocurrency firm, recently made headlines by registering for a new financial product: an Ether Futures Exchange-Traded Fund (ETF). Grayscale Investments: An Overview To comprehend the relevance of the Ether Futures […]

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Blockchain Security Agencies Uncover <b>Cryptocurrency</b> Laundering Activities Linked to … – TokenPost
www.google.com

Security specialists have discovered ties between a person on Telegram and cryptocurrency laundering activities connected to prominent exchange …

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DOJ Lays Claim to 2 Luxury Jets Allegedly Owned by Sam Bankman-Fried
cryptonews.com.au

Two luxury aircrafts purportedly owned by the former CEO of the collapsed crypto exchange Sam Bankman-Fried but never used by him could potentially face forfeiture as U.S. prosecutors seek to recover assets in ongoing legal proceedings. The two jets—a Bombardier Global 5000 BD-700-1A11 with registration number N410AT and an Embraer Legacy EMB-135BJ with a registration […]

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FTX Hacker Converts Another $100 Million of Stolen ETH to BTC
crypto-economy.com

A hacker who breached the defunct cryptocurrency exchange FTX in November 2022 has been converting millions of dollars worth of stolen Ethereum (ETH) to Bitcoin (BTC) in the past week. The hacker has moved over $100 million of ETH to BTC through various bridge protocols, such as THORChain and Railgun, according to Spot On Chain’s […]

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Bitcoin Eyes $28K, XRP and AVAX Surge
crypto-economy.com

The crypto market has been showing signs of recovery after a turbulent September, with Bitcoin (BTC) hovering around the $28,000 level and some altcoins outperforming the leading cryptocurrency. Bitcoin has gained about 3% in the past week, recovering from a dip below $26,000 on Monday.  The largest crypto by market cap is facing resistance at […]

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Coinbase v. SEC: Here's Latest Update in Case
u.today

Latest development in Coinbase-SEC lawsuit elicits reaction from crypto community

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Bank for International Settlements and European Central Banks Developing Crypto and DeFi-Tracking System
dailyhodl.com

The Bank of International Settlements (BIS) is collaborating with central banks in Europe to develop a crypto and decentralized finance (DeFi) tracking system. In a new publication, the BIS unveils Project Atlas, a data-gathering platform created in conjunction with the Deutsche Bundesbank and De Nederlandsche Bank that aims to “shed light on the macroeconomic relevance […]

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Investors Look at Everlodge Amid Important Market Developments
cryptopotato.com

Three tokens make the headline as bearish sentiment continues to sweep across the cryptocurrency markets. Tron has won an extension in its SEC case, while the Tezos price continues to drop. As a result, some investors are turning to Everlodge in hopes of a recovery. Summary: Tron has secured an extension in the ongoing legal […]

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Bitcoin Cross-Border Payments More 'Substantial' Than Public Data Shows
bitcoinmagazine.com

A new study conducted by the Bank of International Settlements (BIS) has shed light on the true extent of Bitcoin’s impact on cross-border payments, revealing that its significance may be even greater than previously believed.  According to a report by Reuters, the findings challenge conventional assumptions and underscore the growing relevance of Bitcoin in the global […]

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Celsius Commits To Massive Crypto Repayment: $2 Billion To Creditors By 2023’s End
www.newsbtc.com

Celsius Network, a bankrupt digital asset lender, has revealed plans to begin repaying creditors using billions of dollars in crypto assets before the year’s end.  The company presented a restructuring plan, outlined in a recent filing to a US bankruptcy court, which aims to generate funds for a new corporate spinoff known as “NewCo” and […]

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Crypto cards facilitated $3B payment volume since 2021 exchange deals — Visa exec
cointelegraph.com

Visa’s CEMEA head of innovation and design, Akshay Chopra, reveals that the company’s partnerships with cryptocurrency exchanges have facilitated billions of dollars in payment volume.

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Sam Bankman-Fried's Day in Court: What Really Happened at FTX?
www.financemagnates.com

On the second day of Sam Bankman-Fried’s trial, the US Department of Justice (DOJ) claimed that his crypto business had problems from the beginning. The Assistant US Attorney Nathan Rehn described him as someone who deceived customers and used their money for his own gain, including wealth and political influence, as reported by Coindesk. According […]

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