Category: Latest news

[ad_1] Unique addresses on the BNB Chain crossed 230 million, surpassing Ethereum and becoming the “largest layer 1 blockchain in the world,” according to a company statement. Meanwhile, the network also witnessed “record-breaking highs” in transactional volume — reaching 9.8 million transactions in May. Growth despite crypto winter BNB Chain reported that the blockchain has…

[ad_1] The dramatic story of Sam Bankman-Fried is far from over as he landed on U.S. soil today and stood before a magistrate in the Southern District of New York where he was indicted on 8 counts of financial crimes. At the culmination of the hearing, SBF was granted a  “$250 million bond, signed by…

[ad_1] South Korea’s National Intelligence Agency (NIS) reportedly revealed that state-sponsored North Korean hackers stole $1.2 billion worth of crypto assets in the last five and a half years and the country has been using these funds to finance its nuclear missile program. The NIS estimates that cyber criminals stole half of this amount —…

[ad_1] Soon-to-be retired U.S. senator Pat Toomey introduced a bill on Dec. 21 that could pave the way for a more open stablecoin framework beginning next year. Titled the Stablecoin TRUST Act, Toomey’s bill would allow several types of entities including depository institutions, state-based money-transmitting businesses, and national trust banks to act as stablecoin issuers.…

[ad_1] Stani Kulechov, the founder of Aave and Lens Protocol, sold 715,000 LDO tokens on Dec. 21 data from Etherscan showed. The tokens were worth around $667,200 as of press time, the batch represented the last of the Lido DAO Token allocation Kulechov got as a seen investor in Lido Finance. In December 2020, Kulechov…

[ad_1] Over the last 24 hours, the cryptocurrency market cap saw net outflows of $1.08 billion and currently stands at $811.42 billion — down 0.13%. Bitcoin’s market cap fell 0.2% to $324.13 billion. In contrast, Ethereum’s market cap grew 0.2% to $149.11 billion. The top 10 cryptocurrencies posted a mixed performance over the last 24…

[ad_1] A Tornado Cash developer identified as “Gozzy” has initiated a proposal to receive $240,000 in remuneration to continue development activities on the sanctioned mixing protocol. Gozzy wrote: “Given the lack of assistance at hand, the complexity of the technology, and the potential legal litigations that may arise from my involvement with the organization, I…

[ad_1] Caroline Ellison, the CEO of Alameda Research, won’t face any criminal charges for her role in the FTX fiasco. Ellison’s plea agreement with a New York court was unsealed on Dec. 22, showing that she faces only a fine and forfeiture of assets for pleading guilty. According to the agreement, she won’t be prosecuted…

[ad_1] Two individuals associated with FTX have pled guilty to criminal charges, according to a statement from the Southern District of New York on Dec. 21. Damian Williams, U.S. attorney for the Southern District of New York, said that his office had filed charges against Caroline Ellison, former CEO of Alameda Research, and Gary Wang,…

[ad_1] Despite one of the worst possible events happening in November—the complete collapse of the world’s largest crypto company—the GameFi market did not fall significantly compared to October.  This may indicate that the market, barring a systemic collapse, has reached a limit of its downside risk.  Nevertheless, decreasing investment in space continued, with the amount…