Courts in the United States have frozen the financial assets of former Celsius CEO Alex Mashinsky. Former FTX CEO Sam Bankman-Fried’s appeal of his bail revocation has been deemed “meritless” by prosecutors in the case against him. Meanwhile, Grayscale told a U.S. securities regulator it has no legal leg to stand on to continue blocking […]
Former FTX CEO Sam Bankman-Fried, also known as SBF, lost an initial appeal to return to being free on bail prior to his criminal trial. In a Sept. 6 filing in the United States Court of Appeals for the Second Circuit, Clerk of Court Catherine O’Hagan Wolfe said a circuit judge had denied a motion […]
Share this article In an effort to strengthen investor protection in the digital asset space, Thailand’s Securities and Exchange Commission (SEC) has rolled out a fresh set of directives for firms offering digital asset services, including banning the use of customer assets for investing and lending, and putting more disclaimers of the dangers of crypto […]
Share this article EraLend, a lending protocol on Ethereum’s scaling blockchain, zkSync, faced a substantial exploit that resulted in a loss of $3.4 million, according to an analysis by CertiK, a leading firm in blockchain security. The incident was described as a read-only reentrancy attack, a complex strategy allowing the perpetrator to tamper with asset […]
Bernstein analyst says Grayscale ruling was a game changer. Gautam Chhugani expects Bitcoin to materially benefit from it. The world’s largest cryptocurrency is still lingering around $26,000. The recent ruling in favour of Grayscale and against the Securities & Exchange Commission was a “game changer”, says Gautam Chhugani – a Bernstein analyst. Chhugani expects Bitcoin […]
The most recent payment license that X obtained was from Rhodes Island. Some of the US states that X has received clearance for payment processing include Arizona, Maryland, and Georgia. Elon Musk has previously hinted that X would support crypto payments in addition to fiat currency transactions. The social media site X, owned by Elon […]
The US dollar index jumped to the highest level in five months. The rally happened as the US economic growth continued. Cryptocurrencies like Litecoin have an inverse relationship with the USD. Litecoin price remained under intense pressure on Tuesday as the US dollar index (DXY) surged to the highest level in over five months. LTC […]
The crypto betting platform Stake faces allegations of a staggering $41 million security exploit. Known for its high-profile endorsement deal with Canadian rapper Drake, Stake is now at the epicenter of a multimillion-dollar hack. Crypto Betting Platform Exploited Security firm Cyvers first sounded the alarm, reporting a “private key leak.” Allegedly, the leak led to […]
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