US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal

Phoenix Thoroughbreds may need to wait before racing again. 1733 Total views 10 Total shares Australian horse racing officials are investigating a group raising thoroughbreds after its alleged involvement with OneCoin.According to news reports, Racing NSW confirmed it is investigating Phoenix Thoroughbreds while a second group, Racing Victoria, is in contact with international officials regarding…

A new contributor to the Bitcoin (BTC) energy debate says that 1 BTC would have to cost $20 million to use 100 times its current energy demands.In a Twitter debate on July 18, Sjors Provoost, a Bitcoin developer and author of “Bitcoin: A Work in Progress,” cast doubt on the largest cryptocurrency’s future energy use.Bitcoin…

The initiative — built on the Celo ecosystem — identified the lack of inclusivity and accessibility in the traditional financial markets. 539 Total views 357 Total shares A consortium of leading decentralized finance (DeFi) protocols today announced a collaborative $100 million financial inclusion venture titled “DeFi for the People.”The DeFi applications involved in the project…

Among a rich range of anxieties both for the crypto industry and the global economy at large, the summer of 2022 will be remembered as the time when the stablecoins proved themselves to be not so stable and thus came into the focus of regulators’ attention. The shock of the TerraUSD (UST) depegging in May opened…

Self-custody raises concerns about the burden of holding the private key, which Trezor wants to solve with a dedicated onboarding division and new wallets.

Binance Coin, the native cryptocurrency of Binance Chain, has been surging with a massive uptick in transaction volume. 2131 Total views 12 Total shares Binance Coin (BNB), the native cryptocurrency of Binance Chain and top digital asset exchange Binance, is starting to close in on Ether (ETH) in market capitalization. As of Monday, BNB is valued…

The firm withdrew its remaining balance from FTX at the 11th hour and topped weekly fund outflows from the troubled exchange. 1154 Total views 12 Total shares According to a Nov. 8 tweet, crypto lender Nexo currently has net zero exposure to the ongoing crisis embroiling cryptocurrency exchange FTX and crypto trading firm Alameda Research. Nexo…

South Korean cabinet ministers have agreed to exclude digital assets trading companies from venture business classification, Business Korea reported September 27.  Back in August, the country’s Ministry of Small and Medium-sized Enterprises (SMEs) and Startups (MSS) had already excluded cryptocurrency exchanges from legislation governing venture businesses, Cointelegraph reported.During the recent cabinet meeting held under the…