I told you so: blockchain criminals learning they’re not above the law
Crypto bros may be forever trapped in a state of arrested adolescence, but it’s encouraging to see some of these overgrown adolescents being actually arrested.
Crypto bros may be forever trapped in a state of arrested adolescence, but it’s encouraging to see some of these overgrown adolescents being actually arrested.
While Celsius emerges from bankruptcy, FTX seems close to solving the $400 million hack in its platform after the arrest of three suspects allegedly tied to the case.
Circle Internet Financial, the issuer of the USDC stablecoin, said it was immediately halting new mints of USDC on Tron and would halt all support for USDC on Tron by February 2025.
The collapse of FTX will likely lead to more regulation and scrutiny, with the prominence of digital asset exchanges and the public's lack of understanding of the space contributing factors.
This week’s dramatic implosion of the FTX exchange continues to disgorge a seemingly nonstop parade of machinations and sordid revelations that threatens to engulf the entire digital asset sector.
The Nigerian government "may impose heavy fines on Binance" but gov't official Bayo Onanuga insisted he "never said Binance had been informed about the fines or that it would definitely be $10 billion."
BSP Governor Felipe Medalla also cast aspersions on using the asset in payments over its extreme volatility and environmental impact.
FTX, the digital currency derivatives exchange, has just launched tokenized equities trading; FTX users can now trade digital currency for tokenized stocks.
Blockstream CEO Adam Back was a witness to the COPA v Wright trial last week, and on the stand, he made several statements, likening changing the rules of Bitcoin to changing the rules of chess.
FTX Japan has gone into “close-only” mode, where users can only close out existing positions but can’t create new ones following the FSA’s suspension order.
Wednesday's Senate hearing on the FTX debacle saw groups of speakers clash on whether there is a need to regulate the digital asset class or stop governments from interfering with the market.
The FTX's implosion led to prices of some virtual currencies tumbling, while other tokens skyrocketed because the 'crypto' market is not based on utility but rather on speculation.