3AC liquidators file $1.3B claim against Terraform Labs

Research firm Gartner has warned that 90% of the blockchain technology used by enterprises will need to be replaced within the next 18 months, tech site ITPro reported on June 3.The company’s senior research director, Adrian Lee, said the industry’s fragmented nature means the technology implemented by some companies is at risk of becoming obsolete or insecure by…

Australian citizen Katherine Nguyen has pleaded guilty to stealing $450,000 in XRP — over 100,000 tokens — in January 2018.Local news channel 7News Sydney reported the latest about the case on Aug. 23. According to the report, Nguyen hacked into the email account of a man with the same last name. She then proceeded to…

The stablecoin issuer has once again explained that its investment in Celsius has no impact on its USDT reserves. 344 Total views 15 Total shares Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lender.In a…

The Australian Securities and Investments Commission (ASIC) has revealed the details of how it took down crypto “pump and dump” Telegram groups back in October. A pump and dump scheme typically involves using social media to coordinate users to buy large amounts of a thinly traded token to artificially inflate its price. They then cash…

"After thirty-four years of public service, it is time for me to pursue new and different challenges and opportunities," said Dan Berkovitz. 132 Total views 23 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as NFTDan Berkovitz, general counsel for the United States Securities and Exchange Commission, said he will be leaving the agency…

On-chain analytics show that ETH and stablecoins have been flowing out of centralized exchanges in the aftermath of FTX’s collapse. 232 Total views 3 Total shares Blockchain analytics carried out by a Nansen researcher has highlighted outflows of Ether (ETH) and stablecoins from centralized exchanges in the wake of FTX’s collapse.Nansen research analyst Sandra Leow…

The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reports on April 12.According to the newspaper, the asset called “Learning Coin” will be accessible only within the IMF and World Bank. The coin has no money value and thus is not…

The Financial Action Task Force is looking to adapt its guidance standards for stablecoins and crypto peer-to-peer transactions. 2781 Total views 15 Total shares The Financial Action Task Force says it is set to publish an update to its guidelines on cryptocurrencies and virtual asset service providers; a catch-all term including exchanges, wallet providers, and…

Roman says that Bitcoin will peak around $120K by December before Ethereum gets its time to shine: X Hall of Flame.