Here’s what happened in crypto today

As the final witness in his defense case, the former FTX CEO placed some of the blame for the crypto exchange’s failure on Gary Wang and Nishad Singh. 126 Total views 2 Total shares The jury overseeing the criminal trial of Sam “SBF” Bankman-Fried listened to the former FTX CEO’s testimony for the first time

The Ethereum network is processing more than double the transaction volume of Bitcoin, and is on-course to process $1 trillion this year. 495 Total views 2 Total shares The third-quarter decentralized finance (DeFi) boom has resulted in the Ethereum (ETH) network processing more than twice the daily transaction volume of Bitcoin (BTC).According to crypto market…

Galaxy Digital is set to manage the sale of bankrupt FTX’s crypto holdings and facilitate the staking of certain tokens to generate passive yield. 137 Total views 2 Total shares Mike Novogratz’s digital asset management firm Galaxy Digital looks set to manage the remaining cryptocurrency holdings of bankrupt cryptocurrency exchange FTX.On Aug. 24, the company filed a…

David Marcus, head of Facebook’s crypto wallet Calibra, stressed Facebook’s intent to be compliant with the United States Financial Crimes Enforcement Network (FinCEN) in distributing the Libra stablecoin. As a Cointelegraph correspondent reports on July 16, Marcus delivered his comments at the ongoing hearing on Facebook’s Libra with the Banking Committee of the U.S. Senate.Addressing…

Crypto is a fast-moving sector where new trends — decentralized finance and nonfungible tokens among them — accelerate in the blink of an eye. And as demand for digital assets grows, the need for regulation grows too. Anticipating those regulations and having the systems in place for future compliance can position crypto exchanges as industry leaders.…

The New York Federal Court denied the motion to dismiss the ruling in the trademark infringement action by cryptocurrency wallet and exchange operator Blockchain.com against fintech startup Paymium and its CEO Pierre Noizat over the use of domain “blockchain.io”.According to the court documents published on Aug. 7, the lawsuit, originally filed by Blockchain.com in September…

Crypto hacks may surpass 2023’s record, with $1.2 billion already stolen, and Celsius is finally beginning to repay its creditors.

The Tron Foundation disclosed a fixed critical vulnerability which could have crashed its blockchain on vulnerability disclosure platform HackerOne on May 2.The disclosure explains that with enough malicious requests, an attacker could have filled up all the available memory and effectively perform a Distributed Denial of Service attack on the TRX network by employing malicious…

The Bank for International Settlements’ (BIS) Project Atlas report offers yet another indication that the worlds of crypto and traditional finance may be converging.On the surface, this proof-of-concept project backed by some of Europe’s biggest central banks — like German central bank Deutsche Bundesbank and Dutch central bank De Nederlandsche Bank — seems modest enough: