Category Cryptocurrency

Sam Bankman-Fried is reportedly covering his legal defense fees using funds from Alameda Research. The funds are part of a $10 million gift to SBF’s father, which was given using a loan from Alameda.  The gift was sent in 2021…

Binance and its top executives have reportedly concealed ties with China for several years.  A recent report claimed that Changpeng Zhao directed employees to hide information regarding their presence in China.  The crypto exchange previously claimed that it had left…

The United States and South Korea have both requested the extradition of Do Kwon.  Montenegro’s Justice Minister revealed the extradition requests for the Terra founder in a press conference earlier today.  Minister Kovac clarified that the legal proceedings in Montenegro…

Galaxy Digital has reported a net loss of $1 billion for 2022.  The loss was attributed to unrealized losses on the firm’s principal investment portfolios.  The crypto investment firm posted a pre-tax profit of $150 million for the first quarter…

Binance’s BUSD stablecoin has suffered nearly $500 million in outflows over the past 24 hours. The significant outflow came after the U.S. CFTC filed a lawsuit against the crypto exchange and its CEO.  Binance’s customers have withdrawn over $800 million…

Summary: Ethereum core developer Tim Beiko confirmed that the anticipated Shapella upgrade will happen on April 12. The Shanghai-Capella update on the mainnet will enable the withdraw function for staked ETH and unlock around 16 million stETH, developers have said.…

Summary: U.S. prosecutors indicted disgraced FTX Founder Sam Bankman-Fried on bribery charges, Reuters reported Tuesday. Court documents alleged that SBF paid Chinese officials $40 million to unfreeze Alameda Research accounts that held approximately $1 billion in crypto. The FTX founder…

According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC…

Binance CEO Changpeng Zhao (CZ) has addressed the allegations against him by the U.S. Commodity Futures Trading Commission (CFTC). “We do not agree with the characterization of many of the issues alleged in the complaint,” the executive stressed. CZ Responds…

The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed. Neel…