Category: Latest news

[ad_1] After the spectacular collapse of the U.S. cryptocurrency exchange FTX, investor confidence in the cryptocurrency ecosystem is very low. Hence, the ongoing media reports and social media rumors about higher-than-usual outflows from the world’s largest crypto exchange Binance are raising alarm bells among crypto investors and the wider investing community. Binance’s controversial proof of…

[ad_1] The Twitter account belonging to early Bitcoin contributor and adopter Hal Finney has been reactivated after twelve years of inactivity. Finney was the first individual to receive a blockchain transaction from Bitcoin creator Satoshi Nakamoto in 2009. He continued to use and contribute to Bitcoin until he passed away from ALS complications in 2014.…

[ad_1] BDO could become the latest auditing firm to halt or limit services to crypto companies, based on reports from the Wall Street Journal on Dec. 16. A report from the news publication quotes a BDO representative who stated: In common with several other professional service firms, we are currently evaluating our approach to this…

[ad_1] During the FTX hearing on Dec. 16, FTX liquidators requested for the “Bahamian legal system to be respected” in relation to the ongoing bankruptcy case in the United States (US), while also denying allegations of any “improper conduct” on the part of the Bahamas. The FTX debtors sought to have the Creditors’ file unsealed,…

[ad_1] OneCoin founder Karl Sebastian Greenwood has been found guilty of multiple charges, according to a statement from the U.S. Department of Justice on Dec. 16. Greenwood pled guilty to one count of conspiracy to commit wire fraud, one count of wire fraud, and one count of conspiracy to commit money laundering. Each of those…

[ad_1] Audit firms Armanino and Mazars are set to drop their crypto clients following controversies and community pushback. Armanino, Mazars jump ship Auditors Armanino and Mazars count several high-profile crypto companies among their collective clients, including Nexo, Gate, FTX, Kraken, Binance, and Crypto.com. However, the efficacy of crypto audits has been called into question recently,…

[ad_1] Solana-based decentralized exchange Raydium has been exploited for $2.2 million.  The attacker overtook the owner’s authority on the platform, according to the firm’s initial understanding. An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is known ⁰Initial understanding is owner authority was overtaken by attacker, but authority has…

[ad_1] BNB Chain announced it is holding its first Hackathon in South Korea between Dec. 17 and 19. The event is a joint effort between BNB Chain, DWF Labs, and CertiK. BNB Chain’s Head of Marketing, Stephen Milton, commented on the company’s first Hackathon and said: “Blockchain games and NFTs will be significant components of Web3,…

[ad_1] It has been a long week for the FTX empire as its founder Sam Bankman-Fried was imprisoned in the Bahamas and set to face trial in the United States for money laundering and wired fraud charges from the SEC, CFTC, and SDNY.  The failed crypto exchange FTX is set to hold its second hearing…

[ad_1] Mithril tweeted on Dec. 16, commenting on Binance’s announcement to delist MITH, and said that the MITH listing process required a 200,000 BNB deposit to Binance. Mithril said it has had “a long history of working with Binance since 2018,” donated to Binance Charity, and collaborated with other Binance initiatives. The Mithril community requested…