Pump.fun exploiter claims he was arrested in UK and now on bail
The ex-employee alleged of exploiting pump.fun for $1.9 million claims he was arrested and charged in Britain and is now on bail.
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Proof-of-reserves: Can reserve audits avoid another FTX-like moment?
In the wake of the FTX collapse that came about as a result of the now-bankrupt cryptocurrency exchange funneling user funds to mitigate its own risks, crypto exchanges came up with a transparency solution called proof-of-reserves. A practice, which was recently endorsed by Binance CEO Changpeng Zhao, offers a way for exchanges to show provide transparency…

‘I Guess I’ll Have to Hodl It’ — Peter Schiff Admits Having Bitcoin
Veteran gold bug and bitcoin (BTC) skeptic, Peter Schiff, has taken delivery of $1,350 worth the cryptocurrency after the industry sent him donations on July 4.Schiff, who is well known for warning investors not to trust bitcoin as replacement for gold, triggered the goodwill gestures after becoming the topic of a Twitter debate with Morgan…

BadgerDAO reportedly suffers security breach and loses $10M
All smart contracts have been paused but users are urged to revoke permissions to the compromised smart contract to avoid any further losses. 14 Total views 1 Total shares The BadgerDAO decentralized finance protocol appears to have suffered from a cyber attack leading to the loss of a reported $10 million at the time of…

Crypto Mining Firm Giga Watt Files for Bankruptcy, Faces Eviction in Washington County
Major U.S. crypto mining and blockchain firm Giga Watt has filed for bankruptcy on Monday, Nov. 19, Washington daily newspaper Wenatchee World reported yesterday, Nov. 20.The top-five crypto mining firms entrant has reportedly filed for Chapter 11 protection in the Eastern District of Washington bankruptcy court, claiming that the firm is "insolvent and unable to…

What is finality in blockchain, and why does it matter?
Understanding finality in blockchain Finality in blockchain refers to the unchangeable confirmation of a transaction or a block of transactions.In conventional financial systems, once a transaction is confirmed, it cannot be undone. Similarly, attaining finality on a blockchain network ensures that a transaction is permanent and cannot be modified after it has been added to

Italy engages with crypto firms on regulatory safeguards
Italy’s Banca d’Italia and Consob are in talks with crypto firms to ensure compliance, as regulatory gaps widen between the EU and US.

Crypto Holder, Congressional Rep. Tulsi Gabbard Formally Launches US Presidential Campaign
Crypto holder Tulsi Gabbard, the United States Representative for Hawaii's 2nd congressional district, has formally launched her campaign for the forthcoming 2020 U.S. presidential elections. The development was reported by tech media platform TrustNodes on Feb. 4.Gabbard — a Democrat who resigned as Vice Chair of the Democratic National Committee (DNC) in order to endorse…

Uzbekistan permits two banks to issue crypto cards
Kapital Bank and Ravnaq Bank got approval from the National Agency for Perspective Projects to participate in the digital sandbox of crypto regulation. 244 Total views 4 Total shares Two private banks in Uzbekistan — Kapital Bank and Ravnaq Bank — acquired approval from the National Agency for Perspective Projects (NAPP) to participate in the…