Latest update — Former FTX CEO Sam Bankman-Fried trial [Day 4]
The former FTX CEO faces seven counts of conspiracy and fraud. A New York court will decide his fate. Cointelegraph reporters are on the ground in New York for the…
September sets 2023 exploit record, and DAOs can democratize science: Finance Redefined
September was the biggest exploit month in DeFi, with over $300 million in losses, taking the crown from August. Welcome to Finance Redefined, your weekly dose of essential decentralized finance…
3 reasons why Solana (SOL) price is up this week
Solana price has staged a double-digit recovery since September, and a portion of the move was due to by improving fundamentals. The price of Solana’s SOL (SOL) experienced a 20%…
Galxe protocol experiences DNS attack, losses top $150K and still growing
The Web3 platform’s website has been restored, but the company still warns against using it. The hack may be linked to September’s attack on Balancer. The website of Web3 community…
Latest from Web3 gaming: Gaming Demo Day with Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox
Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox the second Gaming Demo Day to showcase seven new projects from the Web3 gaming space. Web3 gaming has become one of…
CFTC weighs enforcement action against former Voyager Digital CEO: Report
Following the lending firm’s bankruptcy filing in July 2022, U.S. officials were reportedly considering taking action against Stephen Ehrlich for violating derivatives regulations Officials at the United States Commodity Futures…
Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up
Bitcoin briefly heads back down to $27,000 thanks to unexpected non-farm payroll numbers, with BTC price staging a strong recovery. Bitcoin (BTC) saw a snap retest of $27,000 around the…
Basel Committee to consider disclosure requirements for banks’ crypto assets
The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said.…
3AC fugitives in disarray as OPNX faces new peril: Asia Express
3AC co-founder Su Zhu was arrested in Singapore, leaving several disgraced blockchain executives’ entrepreneurial ventures in disarray. Our weekly roundup of news from East Asia curates the industrys most important…
Snapchat warned by UK data watchdog over AI chatbot risks
Snapchat received a warning from the U.K. data watchdog regarding its AI chatbot “My AI” and potentially failing to identify and address its privacy risks. The social media platform Snapchat…
Rise of Ethereum staking came at cost of higher centralization: JPMorgan
Ethereum co-founder Vitalik Buterin previously admitted that centralization is one of Ethereum’s main challenges, which could take 20 years to solve. The rise of Ethereum staking since major network upgrades,…
ConsenSys exec on MetaMask Snaps security: ‘Consent is king’
ConsenSys head of developer community Francesco Andreoli explained that users could get more transaction insights through MetaMask Snaps. As malicious actors continue their attempts to steal users’ crypto assets, wallet…
UNESCO and Netherlands design AI supervision project for the EU
The United Nations’ UNESCO and the Dutch government launched a new project for supervising AI to help create a framework for the wider EU area. The United Nations and the…
Retail stablecoin trading in Hong Kong not allowed yet, official says
Hong Kong will not allow retail investors to trade stablecoins until they are officially regulated, which is projected to happen by the end of 2024. As Hong Kong progresses with…
OKX exec says KYC will ‘raise the bar,’ bring real capital into crypto: Blockchain Economy Dubai 2023
Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards. While some areas of the crypto space focus…