Sam Bankman-Fried Lost Track Of $50 Million, Then Joked About It
A new report from FTX’s new management gave an insight into the corporate failures under Sam Bankman-Fried. The former CEO reportedly lost track of millions of dollars worth of crypto…
Ethereum Ready To Turn On Staked ETH Withdrawals In 2 Days
Summary: The Shanghai-Capella upgrade scheduled for April 12 should unlock over $30 billion in staked ETH on Ethereum’s beacon chain. Clients are advised to upgrade their nodes ahead of Shapella’s…
Hackers Loot $13 Million From Crypto Exchange Gdac
Summary: The South Korean crypto exchange suffered an exploit of its hot wallet over the weekend, per an official Monday update from the digital asset trading venue. Gdac’s statement confirmed…
Shanghai Upgrade: Ethereum Outshines Bitcoin As Enthusiasm Grows
The Shanghai upgrade is on the horizon. The hype is simply too great not to watch. Ultimately, the Shanghai hard fork is a crucial milestone toward a more efficient, secure,…
dYdX Tanks 5% Following News Of Canadian Market Exit
dYdX has announced that it will stop offering services to clients based in Canada. The DeFi exchange has blamed Canada’s regulatory climate for its decision to exit the country’s market.…
Mt. Gox Says Repayment To Creditors Will Be Completed By October 2023
Mt. Gox’s Trustee has concluded the process to register its creditors ahead of repayment. The Trustee will make preparations and conduct the necessary verifications before commencing repayment. The repayment process…
Do Kwon’s Fortune Not In The Country: South Korean Prosecutors
Summary: South Korean prosecutors say they have not located any domestic property or assets owned by the founder of failed Terra ecosystem, Do Kwon. Governments from South Korea and the…
Robinhood Fined $10.2 Million By US Securities Regulators For Harming Users
Summary: U.S. state regulators investigated Robinhood after the retail trading platform suffered outages in March 2020. Regulators from California, Alabama, Colorado, Delaware, New Jersey, South Dakota, and Texas worked together…
DCG’s Bitcoin Mining Subsidiary To Stop Offering Free Services
Digital Currency Group’s (DCG) Foundry will soon stop offering free services to its customers. The Bitcoin mining firm will begin charging a pool fee from its members starting April 19,…
Dogecoin Tanks 8% After Twitter Removes Logo From Its Homepage
Twitter dumped Dogecoin’s mascot from its homepage in favor of its classic blue bird. The removal of the iconic DOGE Shiba Inu prompted the memecoin to tank by more than…
U.S. Treasury Takes Aim At DeFi, Warns Of Illicit Use By Criminals
The U.S. Department of Treasury has released a report highlighting the role of decentralized finance in illicit finance. The Department has warned that some DeFi services aren’t complying with AML…
Jane Street Is Among Binance’s Unnamed VIP Clients In CFTC’s Lawsuit
Jane Street has been identified as one of the three unnamed VIP clients in CFTC’s lawsuit against Binance. Tower Research and Radix Trading were the other two unidentified clients that…
Binance Reportedly Refused To Buy Justin Sun’s Stake In Huobi
Justin Sun’s attempts to offload his stake in crypto exchange Huobi have reportedly failed. Rival exchange Binance reportedly refused Sun’s offer to buy his stake in Huobi. The Tron founder…
MicroStrategy Bets Bigger On Bitcoin With $29 Million BTC Scoop
Summary: MicroStrategy added to its Bitcoin coffers with a $29.3 million BTC purchase, per SEC filing from April 4. The business intelligence firm accumulated 1,045 at an average price of…
Tether Reportedly Used Signature Bank To Access U.S. Banking System
Stablecoin giant Tether reportedly gained access to the U.S. banking system through Signature Bank. The USDT issuer used Signature Bank’s Signet platform to direct payments from its crypto clients. Tether…