Former FTX CEO Sam Bankman-Fried denies “improper use” of customer funds

Hash rate has also tumbled on the Bitcoin network. 2808 Total views 22 Total shares The Bitcoin network has slowed down amid Bitcoin’s (BTC) new price highs, causing a large number of unconfirmed transactions.According to mempool transaction count on Blockchain.com, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest…

Thailand’s National Legislative Assembly has officially allowed the issuance of tokenized securities on blockchain, major newspaper The Bangkok Post reports on Friday, Feb. 22.The government will amend the Securities and Exchange Act, according to the article. As soon as the changes come into effect later in 2019, tokenized securities such as stocks and bonds can…

Binance suffered an outage today after announcing consecutive new all-time highs for web traffic. 4014 Total views 17 Total shares Leading crypto asset exchange Binance was forced to suspend its spot and margin trading services just a few minutes after its CEO took to Twitter to boast the platform had smoothly handled new record highs…

Seba’s new name, Amina, stems from “transamination,” meaning transference of one compound to another, symbolizing bringing different types of banking together. 191 Total views 3 Total shares Major Swiss cryptocurrency-enabled bank Seba is changing its name amid growing ambitions to expand its trading services worldwide.Seba Bank AG has rebranded to Amina Bank AG, the firm

The World Economic Forum published a report looking at how the deployment of blockchain-based solutions can address the supply chain inefficiencies and failures that have been exposed by the COVID-19 pandemic.Alongside the report, the WEF has released a blockchain deployment toolkit intended to assist government and businesses in adapting their supply chains to the current…

Huobi's operations in Thailand have been suspended by local authorities after it allegedly failing to comply with local regulations. 1582 Total views 21 Total shares Thailand’s Securities and Exchange Commission (SEC) has temporarily suspended the services of the local branch of crypto exchange Houbi and recommended revoking its operating license with the Ministry of Finance.…

A Redditor living in Yemen’s capital city of Sana'a claims to be using cryptocurrencies to buy food packages for families unable to access supplies during an ongoing civil war.According to a Sept. 23 Reddit post from user yemenvoice, the Yemen national has raised roughly $12,000 in crypto donations to be used towards fighting starvation in…

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Analyzing the labor market is a passion of mine. In my past life, I worked as a labor market analyst for a Canadian think tank specializing in the IT sector. Tech employees always enjoyed higher demand, higher pay and lower jobless rates than workers in the rest of the economy. Although blockchain and crypto were virtually…