US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal
Notes from a 2023 conference call between Assistant US Attorneys revealed allegations against Ryan Salame tied to Alameda Research’s bribery scheme in China.
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Ethereum on track to settle $1.6 trillion this quarter
Ethereum's quarterly settlement value is on course to increase by 1,280% year-over-year. Ethereum usage is surging this year, with the value of transactions settled on the network skyrocketing during 2021.According to research from Messari, Ethereum has settled $926 trillion worth of transactions this quarter so far — 700% more than it processed during Q1 2020. The…
Round-Up of Crypto Exchanges Hack So Far in 2019, How Can It Be Stopped?
Throughout the past six months, seven crypto exchanges have reportedly seen large-scale hacking attacks to the tune of tens of millions of dollars, with the most recent platform to suffer a security breach being GateHub.As the global crypto exchange market continues to see an increasing number of security breaches leading to the loss of user…
IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast
Bitcoin (BTC) fell below $21,000 for the first time in eight days on July 26 as Wall Street prepared for a decision on United States' anti-inflation policy.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFed jitters test market resolveData from Cointelegraph Markets Pro and TradingView showed BTC/USD ending a period of sideways action on the Wall Street open,…
Binance Labs’ $500M fund to catalyze crypto, Web3, blockchain adoption
Binance Labs plans to allocate the latest $500 million fund to projects across various stages — incubation, early-stage and late-stage growth. 370 Total views 10 Total shares Binance Labs, the investment arm of crypto giant Binance, launched a $500 million fund in partnership with global investors including DST Global Partners and Breyer Capital to drive…
Vanuatu Extradicts Six Chinese Citizens Allegedly Involved in Crypto Scheme
Vanuatu, a Pacific Island country, has extradited six Chinese citizens to the mainland, according to a report by Odaily Planet Daily on July 10. The suspects were reportedly arrested in the course of an ongoing investigation of the PlusToken cryptocurrency platform which, according to the Yancheng Public Security Bureau, is a pyramid scheme. As per the report,…
Coinbase-Backed Stablecoin Startup Reserve to Launch ‘Venmo Style App’ in Venezuela
Stablecoin project Reserve announced that it will launch a crypto-fiat payments app in Venezuela and Angola in a press release shared with Cointelegraph on May 12. In the same announcement, the firm revealed that it is listing its separate utility token, Reserve Rights (RSR), on major exchange Huobi Global’s token sale platform, Houbi Prime.Per the…
Halving Hype Drives Second-Strongest Spot Volume on Record
The run-up to Bitcoin’s halving has driven near-record volumes, with April 30 posting the second-largest daily trade on record. Pre-halving speculation has driven historic volumes of crypto trade, with April 30 producing the second-strongest single day for volume on record according to a report published by market data aggregator, CryptoCompare.Notional volume for BTC options on…
Korea’s FSC confirms that NFTs will not be regulated
The recent FATF updated guidance made it easy for regulators to pass on issuing new rules for NFTs. 60 Total views 3 Total shares The Financial Services Commission (FSC) in South Korea reaffirmed in a public statement today that nonfungible tokens (NFT) are not virtual assets, and will not be regulated.The confirmation of the decision…