‘Wealthiest US prisoner’: How did Binance founder CZ get there?
Binance founder and former CEO Changpeng “CZ” Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion.
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Alameda Research and FTX Ventures websites go dark
Pages for the quantitative trading firm and the venture capital arm have been taken offline and made private. 930 Total views 25 Total shares Websites linked to crypto exchange FTX have been taken down on Nov. 9 following a liquidity crisis and pending acquisition of the company by its rival Binance. Websites for Alameda Research and…
2018 Sees Bitcoin’s Lowest Average Daily Price Change: Report
This year Bitcoin’s (BTC) average daily price change was the lowest value reported in the past nine years, self-proclaimed professional cypherpunk Jameson Lopp tweeted Dec. 30.This year, the average daily value change for Bitcoin was -0.33 percent, according to Lopp’s tweet. In second place for lowest average daily price change was 2014 at -0.25 percent.The…
UK financial watchdog announces launch of permanent Digital Sandbox in August
According to the FCA, the sandbox will be open to businesses, startups and data providers, including those involved in banking, investment, lending and payments. 1783 Total views 3 Total shares The United Kingdom’s Financial Conduct Authority (FCA) has announced the launch of its Digital Sandbox, aimed at supporting tech firms in the early stages of…
BlueBenx fires employees, halts funds withdrawal citing $32M hack
BlueBenx’s lawyer, Assuramaya Kuthumi, revealed that the attack resulted in the loss of $32 million, which many investors found hard to believe. 121 Total views 2 Total shares BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160…
Japan considers implementing tax reforms to prevent capital flight of crypto startups
Industry experts say that the current scheme is stifling domestic innovation in the virtual currency sector. 368 Total views 7 Total shares According to local news outlet Yomiuri, Japan's Financial Services Agency is considering amending the virtual currency taxation system for corporate entities ahead of the country's 2023 tax reform. The proposed change includes removing…
Blockchain Project Aims to Reform Traditional Lottery in Nigeria
On Dec. 13, Quanta Plc., owner of Quanta Technology Limited, a blockchain lottery operator, announced it had signed contracts to acquire a stake in International Lottery and Gaming Limited (ILGL). As Quanta reports, this is ”the world’s first deal to reform traditional lottery.” The companies say that Quanta’s blockchain-based lottery technology will help increase the…
Trump adds RFK Jr to transition team as former president faces new indictment
The pro-crypto ex-Democrat Robert F. Kennedy Jr. has joined Donald Trump’s team, which will help to form a government if Trump wins the presidential election in November.
Blockchain to Authenticate Coronavirus-Response KN95 Face Masks From China
As the United States continues to struggle with a shortage of N95 masks needed to combat the deadly coronavirus, the Food and Drug Administration announced on April 3 that it has approved the use of KN95 masks in the country.Unlike N95 masks that are tested and certified by the National Institute for Occupational Safety and…