The newly-appointed CEO of the bankrupt FTX exchange, John J. Ray III, has revealed some damning facts about the company's former management in his prepared testimony for a Financial Services Committee hearing on Tuesday. In his statement, Ray said...
Polygon, Ethereum's scaling solution, has announced a strategic partnership with Earn Alliance, a Web3 gaming community, to increase the adoption of blockchain gaming. The goal is to onboard 100 million gamers into Web3. Earn Alliance is a Web3 gaming...
SushiSwap CEO Jared Grey revealed on Twitter that the decentralized exchange (DEX) lost $30 million on incentives for liquidity providers, or LPs, over the course of the previous year. SushiSwap currently uses a token-based emission approach to reward LPs,...
Authorities in the Bahamas have arrested Sam Bankman-Fried, the former CEO of the failed crypto exchange FTX, at the request of the United States government. According to a statement from the Bahamas Attorney General's office, the former CEO of...
Organizations seeking to establish a presence in emerging technologies such as blockchain are not discouraged by the bearish crypto market and recent industry developments. The Bermuda-based Jewel Bank announced the launch of its stablecoin, Jewel USD (JUSD), on Monday,...
Blockchain technology is still moving forward despite the current bear market and the recent failure and bankruptcy of several significant crypto firms. Despite the recent events, crypto is aggressively being promoted for global adoption and accessibility. Although it is...
Following the FTX scandal, the cryptocurrency exchange Bybit recently joined the crypto exchanges in the sector, striving for transparency. According to a statement from Bybit, the Merkle tree-based Proof-of-Reserve system has been introduced. Users can easily confirm the assets...
Elon Musk, the CEO of Twitter, is starting to see some progress in his battle against spamming bots on the microblogging and social networking platform. This is due to statements made by prominent members of the crypto community that...
According to South Korean officials, Do Kwon, the embattled Terraform CEO who oversaw the $40 billion collapse of the TerraUSD and Luna tokens, is hiding in Serbia. Kwon left South Korea shortly after his project's native token, LUNA, and...
Senator Tom Emmer of Minnesota has criticized Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), for his ineffective efforts to obtain cryptocurrency data and demanded that Gensler testify before Congress to explain the implications of his...
