Industry
TrueUSD Provides Reassurance to Users Amidst Prime Trust Troubles
On June 22, TrueUSD took to Twitter to announce that its TUSD stablecoin had no exposure to Prime Trust, the trust company currently facing regulatory challenges.Wayne IngramNevada Regulator Imposes Withdrawal Restrictions on Prime Trust Customers
Cryptocurrency custody firm Prime Trust is facing heightened regulatory scrutiny, with Nevada business regulators declaring the company's financials to be "seriously deficient."Jerry McNeillFTX Sets Ambitious Goal: Seeks $700 Million Funding Boost from Bankman-Fried Associates and Affiliate Funds
FTX, the cryptocurrency exchange, has filed lawsuits in Delaware bankruptcy court against several investment firms it was previously associated with, seeking over $700 million in damages.Sherry CantwellCybersecurity Firm Raises Alarm: 100,000 ChatGPT Logins Exposed on the Dark Web
According to a Singapore-Based CybeRSECURITY FIRM, Over 100,000 Login Credentials for ChatGPT, a Popular Artificial Intelligence Chatbotd By Openai,James DeanCrypto Era Unleashed: Alibaba Appoints Crypto-Forward Chairman as Yong Zhang Departs
Joe Tsai, the soon-to-be former executive vice chairman of Chinese tech giant Alibaba, is set to take over as the company's chairman following the resignation of Zhang Yong.Sherry Cantwell
Netherlands Seeks Input on Crypto Tax Monitoring Laws to Align with EU
As the European Union tightens its crypto regulations, the Netherlands is moving to align its tax monitoring of crypto assets.Wayne IngramCardano Founder Charles Hoskinson Begins Hunt for Aliens and UFOs
Cardano founder Charles Hoskinson is currently searching for a UFO — or some kind of space entity that crashed off the coast of Papua New Guinea in the Pacific Ocean.Hallie GillWall Street Titans Rally Behind EDX Markets, the New Cryptocurrency Exchange
EDX Markets, a new player in the cryptocurrency trading arena, has garnered support from prominent financial institutions such as Citadel Securities, Fidelity Investments, and Charles Schwab.Jerry McNeill
Kraken Crypto Exchange Launches Its Own Wrapped Bitcoin Token
Kraken, a leading cryptocurrency exchange, has launched its own version of Wrapped Bitcoin, known as kBTC.Cornell Rachel
FBI Arrests Hacker Behind SEC Fake Bitcoin ETF Approval
The FBI has arrested Eric Council Jr., a 25-year-old from Alabama, for allegedly hacking the SEC's official X (formerly Twitter) account and posting a fake message claiming approval of the first US Bitcoin ETF.Christopher SmithPopular crypto influencer Jaypeg accused of promotional scam
Jaypeg, a well-known figure in the cryptocurrency community, has been implicated in a promotional scam involving a memecoin called "Uptober."Martha GrizzardJudges Skeptical of Ryder Ripps' BAYC Appeal
A recent hearing on October 17 has shed light on a lawsuit involving non-fungible token (NFT) artist Ryder RippsJames DeanCoinbase Suspends 80 Trading Pairs to Boost Liquidity
Coinbase, the US-based cryptocurrency exchange, is taking a step to enhance liquidity on its platform by discontinuing 80Craig GreenOn-chain sleuth ZachXBT sues for defamation after claiming plaintiff siphoned funds from project
Blockchain investigator ZachXBT has been sued for defamation by an individual accused of fraud, according to a June 16 social media post. Jeffrey Huang, known on Twitter as MachiBigBrother, accused ZachXBT of damaging his reputation through false allegations.Sherry CantwellUS court approves SEC-Binance.US agreement
On June 17, US District Judge Amy Berman Jackson approved an agreement between Binance.US, Binance, and the US Securities and Exchange Commission (SEC), overturning a previous Temporary Restraining Order (TRO) freezing all Binance.US assets .Martha GrizzardBUSD Drops to Fourth Stablecoin Position
Binance Dollar Pegged to USD, The stablecoin now ranks fourth among other stablecoins by market capitalization after losing more than $1 billion in the past 30 days, according to CoinMarketCap.Cornell RachelDuring the FTX crash, the exchange pledged $2.5B to the user protection fund
In the event of the FTX crash, most prominent cryptocurrency exchanges have adopted user protection funds, according to a new report from blockchain analytics firm Nansen published on June 14. Exchanges like Binance, OKX, and Bitget collectively have over $2 billion in notional fiat protection funds.Jerry McNeillBinance Launches Bitcoin Mining Cloud Service Amid SEC Crackdown
Crypto Exchange Binance Announces New Subscription-Based Bitcoin Mining Product mining.Hallie GillInstitutional Crypto Broker FPG Halts Withdrawals After $20M Cyber Attack
Cryptocurrency brokerage Floating Point Group has confirmed that it has stopped trading, withdrawals and deposits on its platform after falling victim to a cyber attack on June 11. FPG estimated the total damage from the attack to be between $15 million and $20 million.Wayne IngramMicrosoft Shareholder Proposes Bitcoin Investment Exploration
A recent proposal by a Microsoft shareholder has ignited discussions on whether the tech giant should consider adding Bitcoin to its balance sheet.Wayne Ingram
