The fallout from the collapse of FTX has brought forth a new legal battle regarding millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO currently serving a 24-year prison sentence. The assets in question include airplanes, funds in various banks, shares of Robinhood stock, and political contributions associated with FTX executives.
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On June 17, David Hirsch, the chief of crypto asset enforcement at the SEC, announced his departure from the agency. After serving for almost nine years, Hirsch expressed his pride in the work accomplished by the Crypto Assets and Cyber Unit team under his leadership. During his time at the agency, the team handled at
Shibarium, the layer-2 scaling solution for Shiba Inu, has recently seen a surge in one of its key indicators by over 860%. This spike indicates a growing interest in the protocol and potentially higher levels of activity within the network. The number of new accounts on Shibarium skyrocketed from just 16 to 154 in a
Bitcoin has been experiencing a rough patch lately, with its price steadily declining, sparking fears of a prolonged bear market. However, amidst the gloom, there are some analysts who are picking up on faint bullish signals that could point towards a potential reversal. One such indicator is the Bitcoin Taker Buy Sell Ratio, which monitors
Recently, the Ethereum Foundation made a significant transaction involving millions of Ethereum (ETH) tokens. Crypto journalist Colin Wu shared on social media that a wallet linked to the Ethereum Foundation transferred a substantial amount of ETH to a new address. The transfer of 18,089 ETH, equivalent to $64.4 million, has raised concerns within the crypto
Liquid staking and the concept of destablecoins have been gaining significant traction within the crypto space over the past year. Lista DAO is at the forefront of this movement, introducing an innovative open-source liquidity protocol that allows users to earn yield on collateralized cryptocurrencies such as BNB, ETH, stablecoins, and other assets. This protocol also
SnakeTON, a groundbreaking Web3 survival GameFi developed on the TON platform, is reshaping the gaming landscape within the Telegram app. With a staggering user base of 900 million, SnakeTON offers players a unique and immersive gaming experience like never before. By controlling snakes and engaging in various game modes, players strive to outmaneuver their opponents
The potential impact of the combined forces of the cryptocurrency industry and artificial intelligence (AI) is staggering. According to Bitwise, a U.S. spot Bitcoin ETF issuer, this partnership could inject a massive $20 trillion into the global GDP by 2030. This bold prediction was made at the annual Consensus conference in Austin, where industry leaders
Coinbase recently released a report highlighting the declining presence of crypto talent in the United States. The report revealed that over the past five years, the number of US-based crypto developers has decreased by 14 points to only 26% today. This downward trend in talent could pose a significant challenge to the growth and adoption
Bitcoin has recently experienced a drop to a monthly low of $65,000, marking a 5% decrease compared to the previous week’s price. Despite this short-term volatility, when looking at the broader timeline, it is evident that the cryptocurrency has been consolidating since early March. Analysts have noted that such calm periods are rare for Bitcoin
