The FTX estate, responsible for managing the defunct exchange’s bankruptcy, has concluded the sale of the last of its heavily discounted Solana (SOL) tokens. Pantera Capital and Figure Markets acquired the tokens at a significantly reduced price in efforts to reimburse creditors and former clients. The tokens, valued at $2.6 billion, were sold for $102
Blockchain
Jian Wen, a former fast-food worker, has been sentenced to nearly seven years in prison by the Southwark Crown Court in London for her involvement in money laundering tied to a $6.4 billion investment fraud scheme. This case highlights the severity of the consequences individuals face when engaging in illegal activities such as money laundering.
Communities online are reeling from the news of the passing of Kabosu, the beloved Shiba Inu behind the iconic Doge meme and the face of Dogecoin. At the age of 17, Kabosu peacefully left this world on May 25, leaving behind a legacy that has touched the hearts of many around the globe. Owner Atsuko
Coinbase, a leading cryptocurrency exchange, has recently announced the reintroduction of XRP trading support for New York residents. This development comes after a period of suspension due to regulatory concerns, signaling a positive shift in the relationship between Coinbase and the state of New York. In January 2021, Coinbase made the decision to suspend XRP
The United States Securities and Exchange Commission (SEC) Chair Gary Gensler recently voiced his concerns over the Financial Innovation and Technology for the 21st Century Act (FIT21), pointing out potential regulatory gaps and risks associated with the proposed bill. Gensler’s statements have sparked a debate within the crypto community and raised questions about the future
Recently, Gala Games, a well-known blockchain gaming platform, experienced a significant security breach that resulted in the unauthorized sale of 600 million GALA tokens, valued at $23 million. This breach has once again brought the issue of security in the crypto space to the forefront, highlighting the importance of robust internal controls in preventing such
A recent report has suggested that the Russian crypto mining industry could experience significant growth in the coming year. Industry insiders from BitRiver, Russia’s largest crypto mining player, have predicted a growth rate of between 20% and 40% for 2024. This forecast is based on the current low cost of electricity in Russia and the
BounceBit, a new Bitcoin restaking startup, has recently unveiled an elaborate roadmap for 2024 with the goal of revolutionizing high-yield Bitcoin investing through a combination of centralized and decentralized finance. Challenges and Opportunities The startup, backed by Binance, aims to bridge the gap between CeFi and DeFi by introducing innovative products and enhancing the existing
The Chairman of the Hong Kong Institute for International Finance (HKIIF), Xiao Geng, recently brought attention to the advantages of introducing a CNY-pegged stablecoin for Hong Kong at a finance forum event. Xiao emphasized that such a stablecoin could significantly benefit the offshore CNY market and enhance Hong Kong’s standing as an international financial center.
Ripple’s recent report sheds light on the urgent need for new cryptographic systems to safeguard blockchain technology against quantum computing threats. Professor Massimiliano Sala, a mathematics expert from the University of Trento, emphasized the vulnerability of current encryption methods as quantum computers continue to advance. Sala stressed the significance of developing “quantum-resistant” cryptographic systems to