Industry
During 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 IngramMeta's new 'Voicebox' AI is a text-to-speech tool that learns like ChatGPT
Meta AI recently unveiled a "groundbreaking" text-to-speech (TTS) generator that it claims produces results 20 times faster than comparable state-of-the-art AI models.James DeanSEC and Binance. US reaches tentative deal on asset access
Binance, Binance.US, and the US Securities and Exchange Commission (SEC) reportedly reached an agreement on Friday, June 16, to temporarily limit access to client funds to only Binance.US employees.Craig GreenSnoop Dogg NFT Passport Lets Fans Digitally Tour the Rapper
Rap icon and entrepreneur Calvin Cordozar Broadus Jr., better known as Snoop Dogg, is venturing into Web3 again with a non-fungible token (NFT) project that will allow his fans to follow his life on tour .Christopher SmithPolygon 2.0 Introduces Upgrade to Access Internet's 'Value Layer'
On June 12, Polygon Labs announced “Polygon 2.0,” a set of upgrades aimed at building a “value layer” for the internet, which the company says will allow users to “create, exchange, and program value.”Martha GrizzardBoard Member Yat Siu Answers Community Concerns About ApeCoin DAO Salary Expenditure
Leader of the Decentralized Autonomous Organization (DAO) that governs ApeCoin, after the sum was announced in the org chart, the ecosystem was criticized by community members for what they called a “crazy” salary.Wayne IngramFootwear group Puma launches 3D Web3 experience
On June 13, German footwear group Puma launched its 3D virtual world experience Black Station. As the developers put it, Black Station is the “home of the experience” for product launches, designed to provide “unfettered access” to Puma Pass non-fungible token (NFT) holders.Jerry McNeillBlackRock's IBIT Attracts Significant Investment Amid Bitcoin Price Dip
On October 21. BlackRock's iShares Bitcoin Trust (IBIT) saw an impressive inflow of $329 million.Craig GreenBitcoin Hashrate Hits All-Time High, Boosting Network Security
On October 21. 2024. the hashrate surged to a record-breaking 769.8 exahashes per second (EH/s).Wayne Ingram
Hong Kong cops clean out alleged $46M deepfake crypto scam
Hong Kong law enforcement has successfully dismantled a sophisticated criminal operation accused of swindling victims out of $46 million through a deepfake-cryptodriven romance scam.Jerry McNeillImmutable Extends $67M Token Vesting by One More Year
Immutable, an Ethereum Layer 2 scaling solution dedicated to non-fungible tokens (NFTs), has decided to postpone the vesting of 125 million IMX tokensHallie GillRipple Job Posting Sparks IPO Rumors
Ripple, a fintech payments company known for its XRP cryptocurrency, published a job posting on October 16Cornell RachelCrypto Exchange FTX Spent $40M on Bahamas Hotels and Staff Entertainment in 9 Months
Cryptocurrency exchange FTX, which filed for Chapter 11 bankruptcy last November,James DeanSmell, touch take center stage in Metaverse CES
A company called OVR Technology showed off a virtual reality headset that contained eight scents that could be combined to create a variety of scents.Barry StidhamCrypto ETF Issuer Fidelity Faces Data Breach Affecting 77.000 Customers
Fidelity Investments, a major asset management firm and crypto ETF issuer, has confirmed a data breach affecting 77.099 customers.Jerry McNeill
Ripple Launches Digital Asset Custody Services for Banks and Fintech
Ripple's new custody service integrates with its blockchain platform, the XRP Ledger.Barry StidhamHuobi Korea seeks spin-off from parent company
South Korean media New1 reported on January 9 that cryptocurrency exchange Huobi Korea is preparing to buy its shares from Huobi GlobalHallie Gill
