Following the collapse of FTX, a new legal battle has emerged over the millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO currently serving a 24-year prison sentence. Multiple parties are now vying for control of these assets, which include airplanes, funds held at various banks, shares of Robinhood stock once
On June 17, David Hirsch, the enforcement chief in charge of crypto assets at the SEC, announced his departure from the agency after almost nine years of service. He expressed pride in the work accomplished by the Crypto Assets and Cyber Unit team under his leadership. Hirsch took on the role of leading the SEC’s
The Ethereum Foundation recently made headlines with a significant transaction involving 18,089 ETH tokens, amounting to $64.4 million. The transaction, revealed by crypto journalist Colin Wu in a social media post, showed that the funds were transferred to a new address. The movement of such a large amount of ETH by the non-profit organization has
Shibarium, the layer-2 scaling solution for Shiba Inu, has recently witnessed a significant surge in one of its key indicators – the number of new accounts on the network. This metric soared by an impressive 860%, jumping from a mere 16 accounts on June 15 to 154 the following day. This sudden increase in new
Liquid staking and destablecoins have emerged as significant trends in the cryptocurrency space over the past year. These concepts involve utilizing decentralized assets that have been staked through a liquid-staking protocol as collateral. Unlike traditional stablecoins that aim for price parity with fiat currencies, destablecoins do not strive for absolute stability. Instead, they leverage the
Bitcoin has experienced some turbulence recently, with its price steadily declining and raising concerns about a potential bear market. However, there are some analysts who are detecting faint bullish whispers that could indicate a potential reversal in the trend. One such indicator is the Bitcoin Taker Buy Sell Ratio, which tracks the balance between buy
SnakeTON, a groundbreaking Web3 survival GameFi developed on the TON platform, is redefining the gaming experience within the Telegram app. With a staggering user base of 900 million, the integration of the TON Blockchain has allowed SnakeTON to offer players a unique and immersive gameplay experience. In the PvP mode of SnakeTON, players are tasked
During the annual Consensus conference in Austin, Bitwise, a leading U.S. spot Bitcoin ETF issuer, painted a picture of a future where the convergence of the cryptocurrency industry and artificial intelligence (AI) could potentially inject a staggering $20 trillion into the global GDP by 2030. This bold forecast ignited discussions among industry leaders regarding the
The recent report released by Coinbase has shed light on the concerning trend of a decreasing number of crypto developers in the United States. Over the past five years, there has been a notable 14-point decrease in US-based crypto developers, leaving just 26% of the talent pool in the country. This decline in crypto talent
The recent developments in the ongoing saga between Nigeria and Binance have seen the country dropping tax charges against the exchange’s executives. This decision came after the Federal Inland Revenue Service (FIRS) of Nigeria withdrew the tax evasion charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the exchange’s director for