Californian investor Nikolas Gierczyk has filed a lawsuit against hedge fund Olympus Peak, accusing the firm of failing to honour an agreement related to an FTX bankruptcy claim. According to a Bloomberg report, Gierczyk claims the hedge fund...
An unknown on-chain entity has incurred a massive loss of wrapped Ethereum (ETH) tokens worth $36 million after mistakenly authorising a malicious transaction. In an X post on Friday, October 11, blockchain analytics platform Lookonchain revealed that an...
Almost half of hedge funds known to invest in traditional asset classes have ventured into cryptocurrencies, per the published report of a survey by the Alternative Investment Management Association and PricewaterhouseCoopers. According to the report, 47% of hedge...
Ripple is making its entry into the crypto custody market with its latest product offering: a suite of new services aimed at helping financial institutions manage digital assets on behalf of their clients. As reported by CNBC on...
The recent criminal charges against Aleksei Andriunin, CEO of market-making firm Gotbit, for allegedly orchestrating a $42 million crypto market manipulation scheme have sent ripples through the industry. However, analysts believe that the eventual fallout could yield positive...
IPG Legal, a South Korean law firm specializing in the country's legal system, has stated that married couples in South Korea can now include cryptocurrency holdings in dividing assets during divorce proceedings. The firm clarified how cryptocurrencies are...
Stablecoin issuer Agora has chosen the cross-chain protocol Wormhole as its primary interoperability provider for its AUSD offering. In a recent blog post, Wormhole announced its plans to expand the reach of the stablecoin AUSD across various blockchain...
Circle's USDC stablecoin will now be natively available on the Sui network. This integration, announced via separate press releases by Circle & the Sui Foundation, is expected to strengthen the Sui ecosystem by increasing liquidity and improving the...
Wirex has revealed an early access launch of Wirex Pay, its blockchain-powered payment solution. In a press release published today, October 9, the web3 payment company announced that the platform is "now live for select whitelisted users." The...
Taiwan is taking significant steps toward greater institutional adoption of cryptocurrencies, with regulators planning to pilot crypto custody services through local banks. According to a report by the local media outlet, Central News Agency, the country's top financial...
