Cryptocurrency Analysis and News Portal
Lawyers representing former FTX CEO Sam “SBF” Bankman-Fried are seeking to bring up certain information from the crypto exchange’s terms of service during witness testimonies.In an Oct. 12 filing in United States District Court for the Southern District of New York, SBF’s legal team said the motion was aimed at addressing
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Real estate-backed stablecoin USDR lost its peg to the U.S. dollar after a rush of redemptions caused a draining of liquid assets such as Dai (DAI) from its treasury, its project team has revealed. USDR — backed by a mixture of cryptocurrencies and real-estate holdings — is issued by Tangible protocol, a
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The defense wants clarity about whether it can argue that FTX, a big crypto exchange that collapsed last year, was not regulated in the U.S., though FTX.US did follow applicable rules, according to a Monday filing. Other questions include whether Bankman-Fried would be able to discuss the possibility that FTX
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Tech giant Microsoft is apparently forming a new team to advance its artificial intelligence plans by hiring a professional to develop an energy strategy based on Small Modular Reactors (SMRs) and microreactor energy.According to a job post reported by The Verge, Microsoft is looking for a principal program manager who will
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The Open Network project found itself on a new wave of popularity after the launch of a wallet on Telegram. However, the project’s long and difficult path to success is often overlooked. Since 2020, a fully decentralized Layer 1 blockchain has been developing thanks to a non-profit group of supporters and
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Hours after the crypto exchange HTX (rebranded from Huobi) reported a hack that resulted in a loss of $8 million, Changpeng ‘CZ’ Zhao offered the help of the Binance security team in investigating the attack. Timely intervention is key to tracking down and retrieving stolen cryptocurrencies as hackers attempt to hide
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A law firm that previously provided services to the now-defunct cryptocurrency exchange FTX has refuted a class-action lawsuit brought against them claiming that it assisted in the exchange's alleged fraudulent activities. According to a Sept. 21 court filing, Fenwick & West, a United States law firm, denies all accusations of misconduct
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Paris Saint-Germain (PSG) has partnered with Drop co-founder and CEO Benjamin Benichou to create a series of non-fungible token (NFT) posters. The French soccer giant on Sept. 21 announced a partnership with Benichou, a Los Angeles-based artificial intelligence (AI) artist and co-founder of social commercial platform Drop, to create a series
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Balancer DAO, a decentralized autonomous organization governing the protocol, protocol thanked a team of security experts for their help following a DNS attack on a top level .fi domain registrar employed by Balancer. Balancer DAO called attention to SEAL 911, a Telegram bot built during the Curve Wars that ensued following
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A group of decentralized finance (DeFi) protocols have teamed up to solve liquidity problems in the Cosmos ecosystem. The teams involved include cross-chain bridging protocol Wormhole, liquidity aggregator Swing, lending protocol Tashi, and Cosmos network Evmos. According to statements from two of the teams involved, Wormhole will register five new bridged
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