The FTX estate recently concluded the sale of heavily discounted Solana (SOL) tokens to Pantera Capital and Figure Markets in an effort to reimburse creditors and former clients. The sale involved tokens valued at $2.6 billion, with each token being sold at $102, significantly lower than the current market price of $168. Figure Markets purchased
Blockchain
Recently, the Southwark Crown Court in London, UK, sentenced Jian Wen to nearly seven years in prison for her involvement in money laundering activities tied to a billion-dollar investment fraud scheme. Wen, a former fast-food worker, was found guilty of laundering significant amounts of Bitcoin linked to a $5.6 billion investment fraud in China. The
Kabosu, the dog behind the iconic Doge meme and Dogecoin mascot, has left a lasting impact on communities across the internet. Her owner, Atsuko Sato, announced her passing with deep gratitude for the love and support shown over the years. The news of Kabosu’s peaceful passing has brought together pop culture, meme culture, and crypto
The recent announcement by Coinbase regarding the reintroduction of XRP support for New York-based users has sparked interest in the cryptocurrency community. This move signifies a collaborative effort between Coinbase and the state of New York to enable residents to trade and store Ripple (XRP) once again on the platform. The decision to bring back
US Securities and Exchange Commission (SEC) Chair Gary Gensler’s recent statement criticizing the Financial Innovation and Technology for the 21st Century Act (FIT21) raises some important points, but falls short in its analysis. Gensler argues that the bill would create new regulatory gaps and put investors at risk by allowing crypto operators to self-certify their
Blockchain gaming platform, Gala Games, recently fell victim to a significant security breach that resulted in the unauthorized sale of 600 million GALA tokens valued at $23 million. This breach, attributed to inadequate internal controls according to CEO Eric Schiermeyer, occurred when a hacker gained access to a Gala Games admin address and minted 5
The Russian crypto mining industry is poised for significant growth in the coming years, with experts predicting a potential increase of between 20% and 40% in 2024. According to a report from BitRiver, one of the largest crypto mining players in Russia, the industry is experiencing strong growth dynamics due to the low cost of
BounceBit, a Bitcoin restaking startup, has recently announced a detailed roadmap for 2024 with the aim of democratizing high-yield Bitcoin investing. The startup, backed by Binance, plans to merge centralized and decentralized finance (CeDeFi) to enhance infrastructure and introduce new products while keeping Bitcoin’s core technology intact. This ambitious plan seems promising on the surface,
Recently, the Chairman of the Hong Kong Institute for International Finance (HKIIF), Xiao Geng, delivered a speech highlighting the potential benefits of a CNY-pegged stablecoin for Hong Kong. The event, known as “The First Shenzhen Finance Forum and The Opening Ceremony of Shenzhen Finance Institute,” was hosted by Renmin University of China and focused on
In a recent report by Ripple, Professor Massimiliano Sala from the University of Trento brought attention to the potential threats that quantum computing poses to blockchain security. Sala emphasized the importance of developing new cryptographic systems that are resistant to quantum attacks. He highlighted the vulnerabilities that quantum computers introduce to digital signatures, which are