Introduction In March 2023, the California Department of Financial Protection and Innovation shut down Silicon Valley Bank, a financial institution headquartered in Santa Clara, California. The regulator cited substantial losses in its investments and a significant amount of...
BetDEX Labs Inc. has announced that it will launch cricket betting markets on its sports betting platform, BetDEX Exchange, just in time for the upcoming 2023 season. This addition marks a significant milestone for the company and is...
Kokomo Finance, a lending platform based on the Optimism protocol, has been accused of an "exit scam" worth $4 million. The platform’s developers allegedly withdrew customer funds from the platform by exploiting a vulnerability in the smart contracts...
On March 24, 2023, Michael Stollery, founder and CEO of Titanium Blockchain Infrastructure Services (TBIS), received a four-year prison sentence for his involvement in a cryptocurrency fraud scheme related to TBIS's 2018 initial coin offering (ICO). The scheme...
On March 23, 2023, Greenpeace, a climate activism group, joined forces with artist-activist Benjamin Von Wong to launch a campaign advocating for a change in Bitcoin's consensus mechanism to a Proof-of-Stake (PoS) model. Greenpeace has now unveiled a...
The highly anticipated Arbitrum (ARB) airdrop was held on March 23, 2023. On-chain activity indicates that "great airdrop hunters" have consolidated tokens worth nearly $3.3 million from 1,496 addresses that participated in the airdrop into two wallets. Lookonchain,...
Kyle Davies, the co-founder of the now-bankrupt cryptocurrency hedge fund, Three Arrows Capital (3AC), has been ordered to respond to a subpoena he was served in January or risk being held in contempt of court. The subpoena required...
Independent Reserve, an Australian cryptocurrency exchange, is considering opening a branch in Hong Kong as the city strives to establish itself as a major cryptocurrency hub. Independent Reserve already has licenses to operate in Australia, Singapore, and New...
Bankrupt cryptocurrency exchange FTX is reportedly seeking to recover $460 million in allegedly misused customer assets from venture capital firm Modulo Capital. FTX is settling with Modulo Capital for $460 million. First big "clawback". pic.twitter.com/JNHn2bhNLb — FTX 2.0pium...
Brian Armstrong, CEO and co-founder of Coinbase, has criticized the lack of clarity surrounding cryptocurrency regulation in the U.S., likening the SEC to "soccer referees" in a game of pickleball. Armstrong's comments come after Coinbase received a Wells...
