The FTX 2.0 customer ad hoc committee of the now-defunct crypto exchange has received a response to the letter sent to its official arm. In a letter dated December 4, 2023, the Official Committee of Unsecured Creditors (UCC), overseeing the bankruptcy of the FTX exchange, acknowledged the concerns raised by its ad hoc arm. However,
Blockchain
In recent weeks, the digital asset market has experienced a significant surge in bullish activity, with the prices of most cryptocurrencies reaching levels not seen in over 18 months. Alongside the rise in asset prices, decentralized finance (DeFi) activities have also seen substantial growth in terms of volumes and staking, as investors aim to maximize
Russia’s Central Bank has recently reported a significant drop in the number of citizens engaging in cryptocurrency trading. According to data from the bank, there has been a noticeable decrease in Russian crypto activity during the second and third quarters of 2023. The bank specifically highlighted a decline in visits to the websites of the
In a groundbreaking move, cryptocurrency exchange Coinbase has announced its plans to host the first-ever Crypto Presidential Forum. This forum will focus on blockchain technology and digital assets, bringing together candidates for the 2024 US presidential election. Set to take place in New Hampshire on December 11, the event aims to give candidates an early
A recent report reveals that a select group of Binance’s top traders were privy to confidential information regarding the cryptocurrency exchange’s upcoming settlement agreement with the U.S. Department of Justice (DOJ). The report, published by Bloomberg, sheds light on an exclusive dinner held at the members-only club, 1880, in Singapore. As discussions unfolded, the guests
In a bid to drive sustainable development and enhance poverty alleviation efforts, the United Nations Development Program (UNDP) has joined forces with the Algorand Foundation. The partnership aims to launch a blockchain academy that will provide training to UNDP staff on blockchain technology. This groundbreaking initiative, announced by Robert Pasicko, a UNDP expert, at the
The decentralized network Algorand (ALGO) has recently formed partnerships with several influential organizations in India as part of its efforts to strengthen India’s Web3 foundation. These partnerships include NASSCOM, TiE Bangalore, and the Mann Deshi Foundation. Through these collaborations, Algorand aims to enhance Web3 capabilities, promote financial inclusion, and support women entrepreneurs in India. Collaboration
Coinbase, one of the leading cryptocurrency exchanges, is reportedly facing scrutiny from the US Commodities Futures Trading Commission (CFTC) regarding the sharing of customer information. It’s worth noting that Coinbase has not made any public statements about this matter, but users have been receiving emails informing them about the possibility of their data being shared.
TRM Labs and Australian digital asset exchange Swyftx have joined forces to launch a world-first trial that rewards virtual asset users for taking steps to protect their accounts against fraudulent actors. With the rise in scams this year, the partnership aims to incentivize users to strengthen their security measures and prevent potential scams. As part
The United States Securities and Exchange Commission (SEC) finds itself in a predicament as it grapples with the task of serving a lawsuit to Richard Schueler, who is widely recognized as Richard Heart, the founder of Pulsechain, PulseX, and the controversial project Hex. On July 31st, the SEC initiated legal proceedings against Heart, accusing him