In prison and awaiting sentencing — Where are the FTX execs now?

Adam Yedidia, a former developer at FTX, testified regarding his knowledge of the crypto exchange’s use of funds, claiming “Alameda had used customer deposits to pay its loans.” 784 Total views 3 Total shares On the third day of the criminal trial for Sam “SBF” Bankman-Fried, the former CEO’s roommate at MIT and FTX developer

Staking has been used fluently to describe several actions within the world of crypto, from locking your tokens on a decentralized finance (DeFi) application or centralized exchange (CEX) to using tokens to run a validator node infrastructure on a proof-of-stake (PoS) network.PoS is one of the most popular mechanisms that allows blockchains to validate transactions…

Innovations in the crypto space appear daily. Whether through decentralized applications or new ways to implement and use nonfungible tokens (NFTs) within decentralized finance, blockchain technology is innovating at the speed of light. The only thing missing? Widespread adoption. One thing holding this back is the very public nature of the blockchain. DeFi, as it…

At present, your DeFi product needs to be multichain to be competitive — this is the hard (and exciting) truth of 2021. Whether you’re building a wallet, a lending service or a DeFi game, your target audience knows that there is more to the crypto space than Ethereum. And they expect you to provide the…

South Korean cryptocurrency exchange Bithumb has established its own research and development (R&D) center.According to an announcement on Jan. 6, the initiative makes Bithumb the first company with a blockchain and cryptocurrency research center in South Korea. Bithumb expressed high hopes for the research center’s impact on the company:“Bithumb will become a leading company in…

Authorities across Europe take down an organized crime syndicate that used an encrypted chat network to coordinate their illicit activities. 2308 Total views 22 Total shares Law enforcement authorities throughout Europe arrested over 800 individuals that allegedly were using an encrypted chat network to coordinate their illicit activities.60,000 membersEncroChat was using modified Android devices to…

Offline CBDC functionality will help bring financial services to Ghanans who lack access to bank accounts or an internet connection. 447 Total views 12 Total shares Ghana is working to develop offline capabilities for its forthcoming central bank digital currency (CBDC) in a bid to promote its use across all segments of Ghanan society.According to…

A proposed bill waiting for vote in Congress contains a “dangerous” amendment. 1150 Total views 41 Total shares Legal experts have warned that a section of the Infrastructure Bill, which is due for a vote today, amends a part of the tax code and makes a failure by businesses and individuals to report digital asset…

As the world continues to battle with the deadly coronavirus pandemic, immoral cybercriminals are once again on the prowl. This time, they are using the chaos and fear through phishing techniques and sophisticated malware hacks to access people’s crypto holdings.On March 27, residents in the United Kingdom received warnings from their local councils “to be…