Now disgraced FTX founder Sam Bankman-Fried (SBF) is back at the Metropolitan Detention Center (MDC) in Brooklyn, New York to work on his appeal following nearly a week spent at a transfer facility in Oklahoma, inmate records reveal. FTX Founder SBF Back In NYC Prison, Working On Appeal It appears the now-convicted crypto fraudster was...
The United Kingdom’s Competition Appeal Tribunal has initiated proceedings against six major cryptocurrency exchanges over their decision to delist Bitcoin SV (BSV) in 2019. The case, brought forward by plaintiffs seeking $9 billion in damages for missed opportunities, indicates more red lights on the ongoing legal complexities and significant financial stakes within the crypto industry....
Republican frontrunner and crypto-friendly U.S. presidential candidate Donald Trump has a 17% chance of being in jail before voters hit the ballot box in November after being found guilty in his high-profile hush money trial Thursday, according to Polymarket data. Donald Trump Will Be In Jail Before Election, 17% Of Polymarket Voters Say Originally launched...
An Indian police officer was arrested on May 31 for allegedly stealing Bitcoin worth INR 1.8 crore (approximately $216,000) during a crypto scam investigation. Indian Police Scam Reveals Collaboration With Bitcoin Wallet Hacker According to local media news Hindustan Times, the Special Investigation Team (SIT) of the Central Crime Branch (CCB) apprehended the police inspector...
Matter Labs, the developer of the ZkSync Ethereum Layer 2 network, has dropped its attempt to trademark the term “ZK” following backlash. According to a statement posted on social media by Matter Labs, the decision to withdraw applications came after extensive discussions with key figures in the zero-knowledge proof field. Thank you to everyone who...
In an exclusive interview with Cryptonews Podcast, Josh Fraser, co-founder of Origin Protocol, an Ethereum-powered platform that develops Web3 technologies, discussed liquid staking and earning better yields “everywhere.” He talked about Origin Protocol going multi-chain to Arbitrum, Base, and Optimism, as well as creating a Liquid Staking Token (LST) that users can get in and...
Bitcoin’s exchange balances have dropped to their lowest level since March 2018, falling below 2.3 million BTC. This significant decline, driven by major outflows from Binance and Coinbase, suggests a shift towards long-term holding strategies. As large holders, or “whales,” transfer their assets to private wallets, the trend indicates anticipation of future price increases. This...
Qatar Central Bank (QCB) has successfully completed the development of its central bank digital currency (CBDC) infrastructure. Per a Sunday announcement, the national bank is pushing the CBDC for testing large payment settlements using latest advanced technologies. It is planning to collaborate with local and international banks for the testing and development. “QCB is evaluating...
El Salvador’s crypto-friendly President Nayib Bukele, 42, is set to govern for another five years taking near-total control of parliament. President Bukele took the oath of office at the National Palace in San Salvador this weekend. During the ceremony, he received the presidential blue and white sash from Ernesto Castro, the President of the Legislative...
Claudia Sheinbaum, former mayor of Mexico City, has been elected as the first female president of Mexico. She is anticipated to maintain the current administration’s approach to crypto regulation. This election is expected to continue Mexico’s current crypto policies, as Sheinbaum is a member of the ruling Morena party and aligns with the policies of...