According to a recent report, Joseph Bankman and Barbara Fried, the parents of FTX founder Sam Bankman-Fried (SBF), are now facing legal action. Debtors of the now-bankrupt cryptocurrency exchange FTX allege that the couple illicitly pocketed millions. Filed on Sept.
Under Chairman Patrick McHenry’s leadership, the United States House Financial Services Committee has been making deliberate moves that seem poised to hinder the development of a digital dollar, or Central Bank Digital Currency (CBDC). This body of lawmakers is set
Fintech firm Ant Group is selling its $100 million stake in A&T Capital as the Chinese firm ditches crypto to focus on AI. Apart from the increasing interest in AI from across the globe that might have excited Ant Group,
Telegram, the popular messaging app, has recently reignited investor interest by unveiling its long-anticipated crypto wallet, TON Space. Built on The Open Network (TON) blockchain, this move fuels optimism for TON’s long-term viability and marks a new phase for Telegram
The increasingly competitive non-fungible token (NFT) market is ending the promise of perpetual royalties for artists. With OpenSea and Blur battling it out for NFT market supremacy, the creators of digital art find themselves on the front lines and joining
Genesis Global has officially announced the cessation of its trading operations. This comes after the crypto lender, an affiliate of Digital Currency Group (DCG), recently lodged a hefty lawsuit against its parent entity in a New York bankruptcy court. Once
Singapore’s central bank and regulatory authority, the Monetary Authority of Singapore (MAS), has dropped a bombshell on the global financial landscape. Significantly, Kyle Davies and Su Zhu, the duo behind Three Arrows Capital (3AC), have been handed a nine-year prohibition
The cryptocurrency exchange CoinEx has fallen victim to a massive hack, resulting in the loss of an estimated $53 million worth of Ethereum (ETH), TRON (TRX), and Polygon (MATIC). This cyber heist has left the exchange and its users reeling
In a landmark ruling, U.S. Bankruptcy Judge John Dorsey has given crypto exchange FTX the go-ahead to liquidate up to $3.4 billion in cryptocurrency assets. The decision sets a legal precedent and serves as a lifeline for FTX to repay
PayPal’s cryptocurrency partner Paxos overpaid $510,750 for a transaction on the Bitcoin network. The so-called “fat finger” mistake, implying human error, is now thought to be a bug. The smoke clears A crypto payment blunder originally attributed to PayPal was
Coinbase’s recent announcement confirming its plans to integrate the Bitcoin Lightning Network into its operations is a landmark decision. This move will enable quicker and more cost-efficient transactions for Bitcoin, aiming to make the crypto asset more user-friendly. However, while
Binance US CEO Brian Shroder has announced his resignation amid a wave of layoffs. The company is slashing its workforce by a third, letting go of 100 employees. Brian Shroder’s departure marks the third CEO change for Binance US since
ABOUT US
and then