If you are new to blockchain, you may not understand its relationship with inflation. Blockchain works much more than being the technology behind cryptocurrencies. They have a high level of capabilities that can enable even the world’s biggest countries to survive high-scale hyperinflation. Content Summary The hyperinflation in Venezuela: A case How cryptos working under …
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The FBI has formally attributed the hack of the Harmony cryptocurrency bridge platform to Lazarus, a cyber-espionage group working for the North Korean government. The Harmony crypto-heist took place on June 23, 2022, and resulted in the theft of $100 million in cryptocurrency assets. Less than a week after the incident, blockchain tracking company Elliptic …
Crypto exchanges aren’t doing so great at the moment. The latest on FTX, Gemini crypto exchange email leak, Binance might money laundering charges and defunct crypto exchange Quadriga sees bitcoin from wallets thought to be held by its supposedly ‘dead’ founder move for the first time since 2018…. The original PayPal founders say it has …
The US Department of Justice is reportedly considering charging executives of Binance, the world’s largest cryptocurrency exchange, with various criminal charges, including for money laundering and sanctions violations. This comes after the recent collapse of the FTX cryptocurrency exchange and this week’s arrest and indictment of its founder and former CEO Sam Bankman-Fried. Before it …
The third crypto mogul in a month has mysteriously died, this week it’s a Russian with alleged ties with Moscow’s foreign intelligence in an unexplained helicopter crash. Liquidators for now defunct crypto fund Three Arrows Capital (3AC) can’t find its founders so are now looking to serve legal documents via Twitter. More crypto exchanges have …
The chief prosecutor of the Bahamas has said that FTX is under active investigation, as the collapse of the exchange has left a wake of unemployment on the island. The exchange’s controlling stake in a tiny US bank has raised suspicious eyebrows, and crypto lender BlockFi is the latest to file for bankruptcy, as Chainalysis …
The collapse of crypto exchange FTX has continued to affect crypto markets and many crypto companies, with users losing trust in centralised crypto exchanges and fast withdrawing their funds. FTX is being investigated for fraud, and bankruptcy documents reveal amongst other things a ‘complete failure of corporate control, that FTX ‘loaned’ founder SBF $1 billion …
Updated on 2022-11-13: U.S. seizes $3.36 billion in cryptocurrency from second Silk Road hacker Remember a few years ago how “Individual X” stole 70,000 bitcoins, worth about $1 billion, from the notorious Silk Road dark web marketplace and held onto it for seven years, only to apparently give it back to feds and no charges …
Updated on 2022-11-15 In one of the most tumultuous weeks in crypto, the formerly second largest crypto exchange FTX collapsed, with a potential rescue deal from competitor Binance ending in 48 hours. The exchange is now facing criminal misconduct charges in the Bahamas, questions are being thrown around about what this means for crypto regulation, …
Updated on 2022-10-27: Binance hack investigation Binance CEO Changpeng Zhao said the company is narrowing down the identity of the hacker behind the recent $570 million hack of its BNB Chain platform earlier this month. Read more: Binance is ‘narrowing down’ identity of hacker behind $570 million crypto attack, CEO says Updated on 2022-10-10: Binance …
a16z’s newest bet on Twitch co-founder’s Web3 startup Twitch co-founder Justin Kan’s newest venture, Rye, is an ecommerce marketplace that wants to be the “Spotify for ecommerce.” Read more: A16z Crypto Leads $14 Million Bet On Rye, New Web3 Commerce Startup From Justin Kan Singapore gets sweeter on crypto Coinbase Singapore and Blockchain.com have earned …
Updated on 2022-10-31: One month later, the Profanity vulnerability is still making new victims More than a month after 1inch Network disclosed a severe vulnerability in Profanity, a tool to generate vanity (customized) Ethereum addresses, cryptocurrency platforms are still getting hacked and losing funds to a vulnerability everyone told them to take seriously. The latest …
Danish regulator starts EU DLT pilot process for green bonds A group of organisations in Denmark is starting to use a distributed ledger technology (DLT) based trading and settlement platform to issue tokenised green bonds. The platform will be issued within the Danish Financial Supervisory Authority sandbox, FT Lab, with the authority being one of …
