The recent filing in the United States District Court for the Southern District of New York has shed light on a series of letters submitted by family members of former FTX chief Sam Bankman-Fried. Barbara Fried, Joseph Bankman, and Gabriel Bankman-Fried, the mother, father, and brother of SBF respectively, have individually written letters to the
Blockchain
Recently, U.S. Republican senators have taken a stand against the potential introduction of a Federal Reserve-backed central bank digital currency (CBDC). This move comes in the midst of the Biden administration and Fed’s interest in exploring the applications of CBDCs. Sen. Ted Cruz (R-TX) voiced his concerns over the idea of “programmable money” that could
The cryptocurrency market has witnessed a significant surge in stablecoin market capitalization in February 2024, with the total value reaching an impressive $138 billion. This marks a remarkable 1.95% increase from the previous month and showcases a consistent growth trend for the fifth consecutive month since September 2023. Trading Volume on the Rise Accompanying the
The Financial Stability Board (FSB) will be releasing reports on asset tokenization and AI later in 2024, as communicated by FSB Chair Klaas Knot. Despite the ongoing challenges faced by the global financial system, Knot outlined a strategy in a letter to G20 finance ministers and central bankers. The FSB is gearing up for a
Recently, the Chinese Ministry of Industry and Information Technology (MIIT) issued a warning regarding fraudulent schemes involving counterfeit digital yuan applications. According to the MIIT, these fake apps are designed to mimic the official digital yuan platform, tricking users into downloading and engaging with them through false promises of promotions. One of the fake apps
The ongoing debate in South Korean courts over whether cryptocurrencies should be considered securities has resulted in a legal backlog. Judges at the Seoul Southern District Court are grappling with the question of whether certain coins exhibit “security properties.” This uncertainty is particularly pronounced in cases involving high-profile altcoin price manipulation. The Seoul Southern District
The landscape for funding crypto and blockchain projects is changing, with venture capitalists showing a renewed interest in supporting innovative ideas in the industry. Despite past challenges and setbacks, there is a potential shift in fortunes for crypto entrepreneurs as VC investments in the sector are on the rise. This article delves into the strategies
In the world of cryptocurrency, security breaches are not uncommon. Recently, Jeff “Jihoz” Zirlin, co-founder of Axie Infinity, fell victim to a security breach in two of his personal Ethereum addresses on the Ronin network. This breach resulted in an $8 million loss, sending shockwaves through the crypto community. The web3 security firm Ancilia, Inc.
Startale Labs recently announced that they have secured an additional $3.5 million in funding from Samsung Next and United Overseas Bank Venture Management. This funding will be used to fuel the expansion of the company’s web3 product lineup, which includes Japan’s largest web3 products, Astar Network, and the Startale Web3 Cloud. Additionally, the funds will
Recently, South Korean police have issued a warning regarding the targeting of chat app users by crypto scammers on trading- and investment-themed channels. According to reports from News1 and Daejon Ilbo, the Sejong South Police Station is currently investigating multiple cases stemming from these fraudulent activities. It has been disclosed that approximately 20 reports have