Sam Bankman-Fried is wrong again
Sam Bankman-Fried, whose FTX exchange sold both UST and LUNA, has emerged to tell the Financial Times that Bitcoin has no future as a payments network.
Latest Crypto Crime Cartel News
BitMEX launches spot trading platform as Arthur Hayes’ sentencing draws closer
BitMEX announced that after eight years in derivatives trading, it’s venturing into spot trading, but its legal woes are far from over, even after a $30m penalty.
Coinbase reveals customer assets are not safe as collapse starts
Coinbase reported a loss of US$430 million in Q1 2022 as revenue slipped 27% compared to a year ago, and the stock ($COIN) has now lost 70% of its value since March.
DEX, don’t front run me bro
The Solana transaction submission process is susceptible to front running, and consequently, trading on DEX's is much riskier, especially on leveraged products.
Coinsquare outage a reminder to keep your coins off exchanges
The Canadian digital currency exchange is the latest to experience unscheduled ‘downtime’ during a ‘crypto’ crash, further underscoring the need for customers to maintain personal custody of their digital assets.
Coinbase loses $430 million, blames ‘irrationally pessimistic’ customers
Cryptocurrency exchange Coinbase lost close to half-a-billion dollars in the first quarter of 2022, which helped push its stock price down to less than one-fifth of the all-time high set a little over one year ago.
BitMEX founders ordered to pay $30M fine as ex-CEO Arthur Hayes seeks probation
A New York federal court has ordered the co-founders of BitMEX exchange to pay $30 million in civil monetary penalty in connection with charges of violating the U.S. Bank Secrecy Act.
Who is Digital Currency Group?
Digital Currency Group (DCG), a conglomeration of venture capitalist groups founded in 2015, is one of the major centers of “big tech” and “old money” control in the BTC economy.
Coinbase faces (w)reckoning for ‘passing off’ BTC as fake Bitcoin
Coinbase’s refusal to respect Dr. Craig Wright’s intellectual property rights could result in the digital currency exchange facing liabilities that vastly exceed any profits derived from its ill-conceived strategy.
Kraken’s anarchist ideology drove its opposition to Bitcoin
Kraken was founded in 2011 by Jesse Powell while visiting his friend Roger Ver in Tokyo to deal with the aftermath of an early security breach at Mt. Gox exchange.
‘Passing-off’ fake Bitcoin: How screwed are Kraken and Coinbase?
With the launch of Dr. Craig Wright’s colossal lawsuit accusing exchanges Coinbase and Kraken of passing-off digital assets (such as BTC) as Bitcoin, the term is likely to become a popular topic of discussion among digital asset circles.
Probe into $2,600 Indian job fraud reveals $390M Binance-linked digital asset scam
Indian police thought they were curbing a simple job scam but stumbled upon one of the largest digital asset scams, with Binance and OKCoin reportedly at the heart of it.