SBF family linked to $100M FTX scandal, legal trouble looms

Cathie Wood’s ARK has been actively accumulating shares of SoFi, which announced plans to terminate crypto services by the end of 2023. 381 Total views 4 Total shares ARK Invest, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, bought about $1.5 million of SoFi Technologies (SOFI) shares on Nov. 29, the day

Researchers affiliated with the Canadian central bank identified weak points in DeFi lending protocols and reported on the potential they saw for mitigating them. 118 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe Bank of Canada has released a working paper that examines lending protocols in decentralized…

Amid its plans to roll out stock trading services, FTX has reportedly met with at least three brokerage start-ups over the past few months regarding potential acquisitions. Crypto derivatives exchange and NFT platform FTX is reportedly in the market for brokerage start-ups as part of its recently announced plans to expand support to stock trading.The…

It has been almost a decade since Dan Senor and Saul Singer penned “Start-Up Nation,” their ode to the Israeli tech sector. The book, which chronicles much of Israel’s success as a small but potent innovation force that spans countless industries, highlights the immense technological knowhow and seemingly fearless energy that supports the country’s thriving startup culture.…

Cover, the peer-to-peer coverage market, is the latest DeFi project to suffer an attack. 1845 Total views 18 Total shares A suspected hacker has exploited the Cover staking protocol, inflating the token supply by printing over 40 quintillion "coins" However, in a surprising move, the suspected attacker returned the funds with a note saying: "Next…

The world’s largest cryptocurrency exchange Binance revealed a second preview of its forthcoming decentralized exchange (DEX) in a video Dec. 4.Binance, which regularly tops global charts for the largest volume of cryptocurrency traded daily, released an initial sneak peak in August.The project is part of the wider Binance Chain initiative, through which executives plan to…

Bitcoin (BTC) options open interest reached an unprecedented milestone, surging to a staggering $20.5 billion on Dec. 7. This remarkable achievement signifies the active involvement of institutional investors in the cryptocurrency space. Unlike futures contracts, BTC options come with predetermined expiration prices, offering valuable insights into traders’ expectations and the markets’ sentiment.At the forefront of

The Bored Ape Yacht Club (BAYC) has officially revealed their ERC-20 utility and governance token ApeCoin (APE), marking a diversification from profile-picture projects (PFPs) into "culture, gaming and commerce" within the Web3 sphere.The asset has been developed and launched by the ApeCoin decentralized autonomous organization (DAO), a distinguished entity from Yuga Labs, who have established…

Binance, the world’s largest crypto exchange by adjusted volume, has launched its decentralized trading platform (DEX) earlier than planned, according to a press release shared with Cointelegraph on April 23.The move comes just a week after the exchange launched its native blockchain, Binance Chain, which will power the new decentralized platform.While Binance DEX trading is…