3AC liquidators file $1.3B claim against Terraform Labs

The executive appears to have now recovered his account. 389 Total views 2 Total shares Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used…

JPMorgan has expanded its blockchain payment platform to over 75 multinational banks. The goal of the participants’ combined efforts is to fight off competition from outside of the banking sector, Financial Times reports September 25.Speaking to the publication, analyst Jason Goldberg said the Interbank Information Network (IIN), under development since October 2017 on JPMorgan’s own…

Chinese users will no longer be able to trade crypto derivatives on the Huobi exchange amid a broader cryptocurrency crackdown from the government. 338 Total views 1 Total shares Crypto exchange platform Huobi has updated its user agreement document, banning crypto derivatives trading for customers in China.According to the updated user agreement section of the…

United States Federal District Judge Jed Rakoff is considering temporarily releasing a 61-year-old toy retailer-turned-Silk Road vendor amid concerns of a purportedly imminent COVID-19 outbreak in a federal jail.According to Law360 on April 8, the prisoner, Hugh Haney, is serving a three-and-a-half-year money-laundering sentence for failing to explain where he obtained $19 million in Bitcoins…

Halloween is traditionally known for costumes, candy and trick or treating, but this year, the holiday is transitioning to the virtual world as the metaverse unfolds. As such, nonfungible tokens, or NFTs, are being created to showcase Halloween themes in hopes of attracting collectors looking for themed drops. Although Halloween-inspired NFTs appear to be a new…

With the rising interest in digital assets from institutional and retail investors, custody options have also experienced parallel growth. As a result, different kinds of custody choices have evolved as the market changes, and new providers are working to establish the structures and controls that are most effective for particular markets and offerings.Self-custody, exchange wallets…

It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022.  

Eurozone inflation is up from 8.9% in July as the continent faces skyrocketing energy, gas and food prices due to the ongoing crisis in Ukraine. 636 Total views 15 Total shares August marks the ninth consecutive month of rising inflation for the Eurozone at 9.1%. In July, the official inflation numbers landed at 8.9%. The…