FTX’s bankruptcy estate staked roughly $122 million in Solana (SOL) tokens held in the firm’s crypto wallets. The transaction was tracked through on-chain data when an FTX-identified wallet transferred the tokens to Figment, a staking validator firm catering to institutional investors. Around the same time early on Saturday, the FTX estate also staked a total of 3,200 Ethereum (ETH) worth…
Stablecoin issuer Tether has moved to freeze 32 addresses linked to terrorist activity in Israel and Ukraine in collaboration with local law enforcement agencies. $873,118 worth of USDT linked to illicit activity in Israel and Ukraine have been frozen, according to announcement from the company. The action was taken in a collaboration with Israel’s National Bureau for Counter Terror Financing.…
While critics wrote off much of the initial hype surrounding the tokenized real-world asset (RWA) market, the sector has been on a tear over the past year or so. In fact, Boston Consulting Group expects the tokenization of global illiquid assets to be a $16 trillion industry by the end of the decade. A variety of asset categories are actively…
“We’re contorting ourselves to pass through the keyhole of tyranny.” Edward Snowden’s words ring out in the packed Genesis Stage hall at Bitcoin Amsterdam, stressing the preeminent cryptocurrency’s ever-increasing importance in a world beset by creeping government surveillance, devaluing fiat currencies and restrictive policies. The renowned whistleblower’s address summed up a recurring theme during the conference hosted in Amsterdam, driving…
We’re launching our first global marketing campaign to drive our mission of accelerating the adoption of crypto so everyone can achieve financial freedom and inclusion. There has been too much focus on what’s broken in the current financial system and not enough on crypto’s potential as a driver of financial freedom and inclusion. We’re proud to help the world See…
Troubled cryptocurrency platform Haru Invest is planning to suspend its server a few months after halting withdrawals in June 2023. Haru Invest is thinking of shutting down its server in order to reduce the server maintenance costs of services, Haru Invest CEO Hugo Lee announced on Oct. 16. The CEO emphasized that the server maintenance cost accounts for the “largest…
Bitcoin again edged back toward $28,000 on Monday morning as the cryptocurrency’s spot ETF journey took another bullish turn. It’s currently trading hands at around $27,700 after hitting $27,958 early Monday morning, per CoinGecko data. A key driver behind the latest move has been a key legal update in Grayscale’s ETF aspirations. On Friday, several sources close to the matter…
Trading on Uniswap? Sign here, please. With Uniswap’s latest upgrade coming later this year, the decentralized exchange has opened code suggestions to the community. Not everyone is enthused by all of those suggestions, however Community-contributed code for a Know Your Customer (KYC) and whitelisting features, for example, have sparked fierce debate on the future of DeFi. Executing KYC checks and…
The Reserve Bank of Australia (RBA) is open to the idea of using central bank-issued digital currency (CBDC) as the future of money where CBDC would represent a tokenized form of central bank reserves. Brad Jones, the assistant governor (Financial System) of RBA, in his speech titled “A Tokenised Future for the Australian Financial System,” talked about the opportunities and…
Fraudsters in Ireland prefer targeting traditional banking customers instead of cryptocurrency investors amid a two-year-long bear market. The frequency of cryptocurrency scams is often directly proportional to the hype and profits around the ecosystem at a given time. It appears that the ongoing crypto bear market has helped eradicate at least some of the bad actors, including scams and businesses,…
