Investigation finds FTX bankruptcy lawyer didn’t conspire with exchange
An independent probe found that Sullivan & Cromwell was not complicit in the now-defunct exchange’s fraud.
Related Posts
‘We’ll see about 200 chains connected through Cosmos’ IBC next year’, says Tendermint CEO Peng Zhong
Ever since the launch of the inter-blockchain communications, or IBC, protocol in March, which enabled the communication and transfer of digital assets across different blockchains, development activity seems to have picked up pace on the Cosmos (ATOM) network.Transaction volumes, the creation of decentralized applications, and the number of chains connected via IBC have all been…
Rick and Morty crypto art sells for $150,000 on Gemini-owned platform
Justin Roiland's piece was listed on a non-fungible token art exchange owned by Gemini. 2134 Total views 7 Total shares A crypto art piece by Justin Roiland, co-creator of the famous animated series Rick and Morty, has sold for a handsome price on non-fungible token marketplace Nifty Gateway.Dubbed “The First Ever Edition Of Rick And…
Migration of $180 million worth of SUSHI from UniSwap to SushiSwap has been approved
This chef may be cooking the biggest sushi of them all. The liquidityThe SushiSwap community just approved a move from Uniswap to its own native platform — built by forking the original project. Almost 87% of the vote were in favor of the migration. Currently, there is close to $180 million worth of liquidity in the ETH/SUSHI pair…
Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities
The government of the Republic of Abkhazia has cut power to some cryptocurrency mining farms due to electricity concerns, state electric utility Chernomorenergo RUE announced in a Facebook post on Dec. 31.Per the announcement, Chernomorenergo cut power to 15 facilities with a total capacity of 8,950 kilowatt-hours (kWh), which is purportedly equivalent to the electricity…
The future of digital asset liquidity: Centralized or decentralized?
Last month, Bitcoin (BTC) reached above $60,000, highlighting the current frenzy around digital currencies. Following BTC, altcoins also saw substantial increases in value. All of this is music to the ears of long-term and short-term bull investors seeking increased gains, even with the current pullback and support of Bitcoin hovering around $40,000. However, despite all the…
The Ethereum Foundation just sold $30M in Ether — But will ETH price fall this time?
On May 6, Ethereum Foundation transferred nearly $30 million in Ether (ETH) to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event. ETH price fell 4.8% to $1,900 on the day, but the decline has been negligible so far amid a wider recovery trend.ETH price holding key supportEther's price recovered…
South Korean Giant Hanwha Invests $3M in Crypto Disclosure Startup
Xangle, a crypto disclosure platform by CrossAngle, closes a $3.3 million round from South Korea’s conglomerate Hanwha Group. 1421 Total views 21 Total shares Major South Korean conglomerate Hanwha Group is cementing its involvement in the cryptocurrency industry with a new investment.Hanwha Investment & Securities, a securities brokerage subsidiary of Hanwha Group, has participated in…
IDEX Claims Creation of ‘Infinite Scaling Solution for Ethereum’
IDEX, the decentralized exchange (DEX) responsible for over 40% of all DEX transactions, claims to have created an “infinite scaling solution” for the Ethereum network.1,000 times fasterIn an email sent to Cointelegraph, IDEX claims that its system, dubbed Optimized Optimistic Rollups (O2Rs), reaches block finality in 10 minutes. The company also says that this is…