Rawan Alamin
Understanding the $65B Line of Credit: Key Testimony in SBF Trial
In the ongoing trial of Sam Bankman-Fried, former CEO of FTX, Gary Wang, former CTO, revealed that Alameda Research has a $65 billion line of credit on FTX. Crypto journalist...
Charles Hoskinson Fires Back at Critics, Defends Cardano Ecosystem
Charles Hoskinson, the American co-founder of Cardano, responded to negative comments about how he’s ruining Cardano’s ecosystem and perception. On an X (formerly Twitter) post, Hoskinson replied to a user...
Base Network Surpasses ZkSync Era in TVL, Reaches $558M
The Base network has surpassed the ZkSync Era regarding total value locked once again, as reported by Colin Wu, a Chinese reporter, known on X (formerly Twitter) as Wu Blockchain....
Top 8 DeFi Categories by TVL: Liquid Staking Takes the Lead
Ethereum holds 67.3% of the total TVL, with $55 billion locked. Real-world assets are described as “the new DeFi trend,” with an 84.6% increase in TVL over the past thirty...
Sam Bankman-Fried’s Trial: FTX Co-Founder Admits to Financial Fraud
October 5 was the third day of Sam Bankman-Fried’s trial, and three people testified. FTX Co-Founder Gary Wang, Former FTX Software Developer Adam Yedidia, and Paradigm Co-Founder Matt Huang. Gary...
Friend.tech’s Security Upgrade: Defending Against SIM Swap Attacks
Decentralized social network platform Friend.tech announced an improvement to the protocol’s security, allowing users to add and remove various login methods from their accounts. On October 4, Friend.tech announced on...
Day Two of SBF’s Trial: Witnesses Shed Light on Alleged Fraud
On the second day of Sam Bankman-Fried’s trial, the U.S. Department of Justice (DOJ) accused SBF of intentionally defrauding investors for personal gain, while the defense claimed that SBF only...
SEC vs XRP: Judge Torres Rejects Comparison to Terraform and LBRY
Crypto influencer sheds light on Judge Torres’ perspective regarding the SEC’s argument in the XRP case. The SEC’s attempt to compare the XRP case to Terraform and LBRY faced scrutiny...
Judge Torres: SEC Fails to Justify Appeal in Ripple Lawsuit
The court rejected the U.S. Securities and Exchange Commission’s (SEC) motion to file an interlocutory appeal in its case against Ripple, the company that issued XRP. On October 3, District...
Binance and CEO Face Class-Action Suit Over FTX Alleged Sabotage
A class-action suit was filed against Binance and its CEO, Changpeng Zhao, for attempting to monopolize the market by hurting its competitor exchange platform, FTX. The action suit shed light...
FTX Wasn’t a Ponzi Scheme but a Real Business: Said American Author
Bankrupt crypto exchange FTX wasn’t a Ponzi scheme and had great real business, according to best-selling American author Michael Lewis. In an interview with CBS News, Lewis shared his stories...
Coinbase CEO Brian Armstrong Addresses Regulatory Concerns in Crypto
Coinbase CEO Brian Armstrong emphasized the need for regulatory certainty in the crypto space, saying “The US is lagging behind” in an interview with Yahoo Finance. Armstrong highlighted the large...
Celsius’s New CEO Aims for Stability and Boring Culture to Revive Bankrupt Company
Celsius’s interim Chief Executive Officer, Chris Ferraro, started implementing a different strategy than the former CEO, and the strategy made the bankrupt lender “as boring as possible,” according to Bloomberg....
Chase UK’s New Crypto Ban Draws Criticism from Coinbase CEO
CEO of Coinbase Brian Armstrong addressed the policy change at Chase, JP Morgan UK bank, which prohibits customers from using crypto. Armstrong called the update “inappropriate behavior.” Chase recently changed...
Coinbase CLO Expresses Frustration Over SEC’s Objection to Celsius Partnership
Chief Legal Officer at Coinbase, Paul Grewal, shared his frustration about the U.S. Securities and Exchange Commission (SEC) objecting to their engagement with Celsius, the bankrupt crypto lender platform. Recently,...
Tether Alters Terms in Singapore, Banning Local Shareholders
Tether has modified its terms of service, prohibiting Singapore residents’ shareholding in USDT exchanging. Julian Hosp, the CEO of Cake DeFi, disclosed an email from Tether outlining the policy change....
Terra Classic Ceases USTC Minting as SEC Investigates Former CEO Do Kwon
Terra Classic USD (USTC) will no longer be minting or re-minted, according to a recent vote by the Terra LUNA Classic (LUNC) community. A proposal was published on September 14...
Japanese Crypto Exchange to Offer Songbird (SGB) to XRP Holders in Yen
Japanese crypto exchange GMO offers airdrops for XRP holders in 2020. Eligible customers will receive the Japanese yen equivalent of Songbird (SGB). Every holder of XRP at the time of...
Bitmain to Supply Bankrupt Bitcoin Miner with $53.9M Investment
Bitmain, a prominent leading manufacturer of digital currency mining servers, announced that it will invest $53.9 million in the bankrupt Bitcoin mining company, Core Scientific. The two companies have agreed...
Crypto Firms Seek Overseas Growth Amid Regulatory Pressure in the US
Crypto firms are looking for growth opportunities outside America, according to the Wall Street Journal. The reasons for the departure are reportedly due to U.S. Securities and Exchange Commission (SEC)...
House Committee Approves “Anti-CBDC” Bill to Protect “American Liberty”
The House Financial Services Committee recently approved a bill to prevent American central banks from issuing central bank digital currencies (CBDC). House Majority Whip Tom Emmer introduced the Central Bank...
Exercise Caution When Using Decentralized Exchanges: Binance CEO
In light of the recent attack on Balancer, an Ethereum-based decentralized finance protocol, Binance’s CEO Changpeng Zhao shared that people should exercise caution when using decentralized exchanges (DEX). Balancer shared...
Coinbase CEO Questions Scientific Research; Sees ResearchHub Solution
Brian Armstrong, CEO of crypto exchange Coinbase, shared on X (formerly Twitter) his opinion on today’s science and research work. He stated that much of science is fake, with results...
Binance.US Legal Battle Takes a Twist, Judge Rejects SEC’s Inspection Request
The legal case between the US Securities and Exchange Commission (SEC) and crypto exchange Binance took an unexpected turn as the SEC failed to convince a judge to let officials...
Hodlnaut Rejects OPNX’s $30 Million Token Offer in Takeover Bid
The interim judicial managers of Hodlnaut, the embattled crypto lender, have opposed the proposed terms of a takeover bid made by OPNX, a digital asset exchange platform. OPNX was created...
