According to a report published by Bloomberg (1), following a successful bid to acquire the remaining assets of the defunct cryptocurrency broker Voyager, the cryptocurrency exchange FTX.US is now offering a recovery plan that would see customers of Voyager recover approximately 72% of their funds recovered. However, the transaction cannot be finalized until the bankruptcy … Read more
Anatoly Yakovenko, (1) the co-founder of Solana Labs, took the stage last night at Disrupt, TechCrunch’s annual global startup conference, and dropped hints (2) that the upcoming Saga smartphone from Solana Labs will provide a novel alternative to the conventional business models that are utilized by companies such as Google and Apple. He called the … Read more
On October 18, around 50,000 Bitcoin (BTC) were removed from Coinbase, marking the first time since June that such a significant volume of the flagship asset has departed the exchange. The orange line in the following graphic depicts the number of Bitcoins that customers have withdrawn from Coinbase since the beginning of the current year. … Read more
According to a filing lodged with Companies House on October 12, billionaire Cameron Winklevoss, who was a co-founder of Gemini and helped form the company, is no longer a director at Gemini Europe. (1) Gemini Europe is an entirely subsidiary of the Gemini crypto exchange, which is situated in New York and presently operates in … Read more
According to Japan News, the hacker organization known as Lazarus operating out of North Korea, is suspected of launching repeated cyberattacks against Japanese cryptocurrency exchanges. The Japanese National Police and the agencies in charge of financial services have come together to release a joint statement with the goal of educating the general public on the … Read more
Binance is one of the biggest Crypto exchanges. However, it too is prone to making mistakes. A few days back, Binance had put forth a survey for its users regarding its products and services. It had announced that it would give a $ 10 BUSD vouchers to the survey responders. Around 4000 people respond to the survey. … Read more
Even though digital assets are becoming increasingly widespread, investors will be protected by establishing a “crypto stock” exchange in Indonesia before the end of 2022, according to Jerry Sambuaga, the deputy minister of trade for Indonesia. Companies operating in the digital asset industry, such as exchanges that have been awarded licenses by the Indonesian financial … Read more
Cybercriminals are taking advantage of vulnerabilities in the smart contracts that govern decentralized finance (DeFi) platforms, according to a new warning that was issued by the Federal Bureau of Investigation (FBI) on Monday. The warning focused on attacks against decentralized finance (DeFi) platforms. According to the agency, which cites a report published in April 2022 … Read more
According to a statement released on August 29, the troubled cryptocurrency lender Hodlnaut has been placed under the supervision of interim judicial management (IJM). The notification states that the court has designated Ee Meng Yen Angela and Aaron Loh Cheng Lee, care of EY Corporate Advisors Pte. Ltd., as temporary managers for the firm based … Read more
Alexis Ohanian, the co-founder of Reddit, is a partner at Seven Seven Six, a venture capital firm that plans to raise $177.60 million for a new cryptocurrency-focused fund that will be called Kryptós. According to the marketing materials for the fund that were viewed by The Information, it was said that “this is possibly a … Read more