DeFi Protocol iZUMi Finance Raises $22M

The U.S. Department of Justice intends to only try FTX founder and former CEO Sam Bankman-Fried on the eight charges it brought in December 2022 for now.Prosecutors with the DOJ wrote late Wednesday night that they would agree to try Bankman-Fried on a handful of charges, including wire fraud, securities fraud and money laundering, after…

Tether said it aims to boost USDT and XAUT tokens on TON for peer-to-peer payments targeting Telegram's 900 million user base.The TON network was launched by Telegram, but separated after regulatory concerns.01:03El Salvador Targets Bitcoin Millionaires in New Push to Attract Long-Term ResidentsOpenAI's Ex-CEO Sam Altman Joins Microsoft; Bullish Completes Purchase of CoinDesk: WSJ02:09BitGo CEO

In the final stretch of several U.S. congressional primaries, crypto-backed campaign-finance efforts are trying to add to their lists of friendly members of Congress. The industry's political action committees supported candidates in Tuesday's primaries in Washington state and Missouri, and they devoted $1.4 million in the hopes of ousting a prominent Democrat in Missouri. Support

Spot crypto trading volume rose in January amid the approval of bitcoin ETFs in the U.S.Binance, the biggest exchange, saw more trading, while No. 2 OKX experienced a decline in volume, according to CCData.Spot trading volume across centralized crypto exchanges rose for the fourth consecutive month in January, climbing to a level last seen in

Feb 20, 2020 at 11:05 UTCView Despite an $800 fall on Wednesday, bitcoin's broader trend remains bullish with prices holding above the higher low of $9,075 (Feb. 4 low). However, yesterday's bearish engulfing candle has shifted risk in favor of a drop to that level. A move back above a short-term moving average at $9,800…

China’s Central Bank, Major City to Hand Out $1.5M in Digital YuanThe People’s Bank of China and a district of Shenzhen are to hand out 10 million digital yuan (worth around $1.5 million) as “red envelope” gifts to citizens.The initiative comes as another pilot of the in-development digital currency, which has been in trials with…

Jul 17, 2020 at 08:01 UTC(Jonathan Mayers/BlockFi)Crypto lending platform BlockFi has hired an experienced legal professional in a bid to stay ahead of the regulatory curve. Jonathan Mayers joins BlockFi as general counsel at a time governments and regulators are increasing regulatory pressure on companies working with cryptocurrencies.The company announced the news in a blog…

A major blocker for mainstream blockchain adoption remains the prevailing sense that the space is still too focused on speculation. To build a sustainable ecosystem and onboard more users, protocols must radically rethink how tokens are distributed. The focus must shift from inflated valuations and speculative price action to long-term utility and transparency. This year

The Web3-AI space is one of the hottest in crypto, combining great promise with significant hype. It almost feels heretical to point out the number of Web3-AI projects with multi-billion dollar market caps but no practical use cases, driven purely by proxy narratives from the traditional AI market. Meanwhile, the gap in AI capabilities between