Grayscale CEO Michael Sonnenshein steps down
The CEO will be replaced by Goldman Sachs executive Peter Mintzberg effective Aug. 15.
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Blockchain Developer Ant Financial Ranks Fifth Largest Private Firm in China
Fintech and blockchain developer Ant Financial, an affiliate of e-commerce giant Alibaba, has been ranked the fifth most valuable private firm in China.In an inaugural rankings report by Hurun, which is best known for compiling a rich list for China, Ant Financial is the top firm in its field and fifth largest in a ranking…

Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say
The charges relating to Sam Bankman-Fried’s alleged bank fraud, operating an unlicensed money transmitter service and bribing Chinese officials may be dropped. United States prosecutors will drop some of the charges against former FTX CEO Sam Bankman-Fried if the Bahamas government objects to them, according to a document filed on May 29 in the U.S.…

Coinbase unveils plans for direct stock listing
The San Francisco-based digital currency exchange plans to go public later this year. 4063 Total views 17 Total shares Coinbase, one of the world’s largest digital currency exchanges, has been rumored for some time to be considering a direct listing.In an official blog post, the cryptocurrency exchange disclosed plans to pursue a direct listing of…

Winklevoss’ Gemini Cryptocurrency Exchange Scores Another Security Qualification
The Winklevoss brothers' Gemini cryptocurrency custodian and exchange has obtained a new security qualification, SOC 1 Type 1. 1322 Total views 47 Total shares The Winklevoss brothers' Gemini cryptocurrency custodian and exchange has obtained a new security qualification, SOC 1 Type 1.According to an April 21 blog post by the company’s head of risk, Yusuf…

Bitcoin is Almost as Big as Bank of America
As crypto prices continue climbing, Bitcoin's market cap has almost reach par with Bank of America's market cap. 914 Total views 22 Total shares All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America's market valuation.Bitcoin's current market cap sits just over $217…

Binance Announces Burn of Team’s BNB Token Supply
Major cryptocurrency exchange Binance announced that it completed the eighth Binance Coin (BNB) token burn and that it intends to also burn the tokens allocated to its team in an announcement published on July 11.Per the announcement, 808,888 BNB (equivalent to over $23.7 million at press time) of the Binance’s team allocation have been burned…

Fireblocks, UniPass wallet tackle Ethereum ERC-4337 account abstraction vulnerability
Fireblocks assists smart contract wallet UniPass to address ERC-4337 account abstraction vulnerability. 322 Total views 2 Total shares Cryptocurrency infrastructure firm Fireblocks has identified and assisted in tackling what it describes as the first account abstraction vulnerability within the Ethereum ecosystem.An announcement on Oct. 26 unpacked the discovery of an ERC-4337 account abstraction vulnerability in

Overstock’s Medici Ventures Acquires Stake in Agricultural Blockchain Firm
Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain, according to a press release shared with Cointelegraph Dec. 4.Founded in 2003, GrainChain has developed a blockchain-powered system that enables supply chain parties to track the distribution process of harvests. GrainChain’s blockchain-based financial settlement system…