A U.S. federal court has finalized the forfeiture of $1 billion in assets from Sam Bankman-Fried, the disgraced co-founder of FTX, marking a major step in efforts to compensate victims of the exchange's collapse. The ruling, issued on...
OpenSea has temporarily suspended its new airdrop reward system due to significant criticism from the community. Co-founder and CEO Devin Finzer announced a pause on XP rewards for listing and bidding and will instead focus on XP shipments,...
Crypto custody giant BitGo has officially launched a global over-the-counter (OTC) crypto trading desk. The new platform will provide spot and derivatives trading for more than 250 cryptocurrencies to clients across all major time zones, along with lending,...
Illegal cryptocurrency mining operations have cost Russia’s power grid operator, Rosseti, more than 1.3 billion rubles in 2024, as unauthorized connections continue to drain the country’s electricity supply. The company reported that it had uncovered and halted 130...
The cybercrime division of the Cyprus police has warned about a rise in fraudulent SMS messages impersonating Binance, a major cryptocurrency exchange. Scammers are sending messages claiming that there has been an unauthorized login attempt on the recipient's...
Hyperliquid has officially launched HyperEVM on its testnet, a move aimed at enhancing the blockchain’s smart contract functionality while maintaining its hallmark low-latency trading experience. Announced on February 18 via Hyperliquid’s official X account, HyperEVM introduces general-purpose programmability...
The founder of the Solana-based token launchpad Pump.fun, known as Alon, has called for stricter regulations for platforms that facilitate token launches following the controversial LIBRA memecoin incident. On February 18, he expressed frustration over what he termed...
The United Nations Development Programme (UNDP) is exploring the potential of cryptocurrency to enhance human development, particularly in promoting financial inclusion in unbanked areas. Kanni Wignaraja, the UN Assistant Secretary-General and Regional Director for Asia and the Pacific...
South Korea’s Financial Services Commission (FSC) is preparing to announce its decision on potential sanctions against Upbit, the country’s largest cryptocurrency exchange, following extensive customer identity verification regulations violations. According to The Korea Times, an investigation into Upbit’s...
Standard Chartered’s Hong Kong branch, crypto investment firm Animoca Brands, and telecommunications giant HKT have formed a joint venture to issue a stablecoin tied to the Hong Kong dollar. Announced on February 17, the collaboration aims to apply...
