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    Blockchain

    FTX Seeks $176 Million Settlement with Genesis Entities Amid Legal Dispute

    According to a legal filing on August 16, FTX, the bankrupted cryptocurrency exchange, and its CEO, John J. Ray III, have submitted a motion to settle with Genesis entities for $176 million.

    The Philippine National Police Warns Against the Risks of Crypto Gaming Schemes

    The anti-cybercrime group of the Philippine National Police released a warning note to citizens on possible risks involved in cryptocurrency gaming schemes such as the play-to-earn model used by Axie Infinity.

    Sichuan Province of China Targets Metaverse Industry Expansion to Reach $34.4 Billion by 2025

    Sichuan, a southwestern Chinese province, once recognized as a thriving crypto mining hub prior to the national ban on mining, is now looking to expand the metaverse industry. 

    BitGo Crypto Custodian Secures $100 Million in Funding, Valuation Reaches $1.75 Billion

    Crypto custody provider BitGo has raised $100 million in a Series C funding round to reach a valuation of $1.75 billion, the firm announced on Wednesday.

    Coinbase-Backed Securitize Set to Acquire Crypto Investment Platform Onramp Invest

    Securitize, a firm that specializes in tokenizing private investments, is all set to acquire the crypto investment platform Onramp Invest.

    Critics Raise Concerns Over Gitcoin’s Shell Partnership: Is It Truly ‘Greenwashing’?

    Open-source crowdfunding platform Gitcoin has announced a green-focused partnership with oil and gas giant Shell – and crypto pundits are no fans of the move.

    Judge Approves Investment Banker as Declarant in SEC vs. Ripple Legal Battle – Here’s the Latest

    In the latest development of the legal case between the United States Securities and Exchange Commission and Ripple Labs, Judge Analisa Torres has approved the participation of an investment banker declarant, Andrew A. Kunsak.

    Prosecution’s Strategy: Caroline Ellison’s Personal Notes to Serve as Key Evidence Against Former FTX CEO Sam Bankman-Fried

    In an August 14 submission to the U.S. District Court in the Southern District of New York, prosecutors stated their plan to introduce Caroline Ellison's to-do lists and notes as evidence, including a note labeled "Things Sam is Freaking Out About."

    ‘High-Net-Worth’ Chileans Growing Crypto Keen, Says Expert

    “High-net-worth-individuals” in Chile are growing increasingly keen on crypto investment, an expert has claimed.

    Shiba Inu Developers Launch Shibarium, Ushering In New Era of Growth for SHIB Ecosystem

    Shiba Inu developers have launched their highly anticipated, purpose-built Ethereum layer-2 scaling solution Shibarium, ushering in a new era of growth for one of the crypto industry’s largest decentralized communities.

    Dubai Fines Co-Founders of Failed Three Arrows Capital Over New Exchange OPNX

    Dubai’s Virtual Assets Regulatory Authority (VARA) has slapped failed 3AC co-founders with a massive $2.7 million fine against their new crypto project OPNX.

    FDIC’s Annual Risk Report Embraces Crypto as a Significant Banking Concern

    Crypto assets present “novel and complex risks” to the banking sector that are “difficult to fully assess,” according to the Federal Deposit Insurance Corporation (FDIC)’s 2023 Risk Review for the banking sector.

    Coinbase Secures Approval to Launch Bitcoin and Ether Futures Trading for US Customers

    Coinbase, a prominent cryptocurrency exchange, has recently received the green light from the National Futures Association (NFA) to extend its services to include investment opportunities in cryptocurrency futures for eligible clients within the United States.

    The FBI Seizes Nearly $2 Million Of Digital Assets In Three Months, New Filings Reveal

    The Federal Bureau of Investigation (FBI) seized digital assets worth $1.7 million from March to May in the United States.

    Blockchain Startup Nova Labs Introduces Affordable $5 Phone Plan – Crypto Adoption on the Rise?

    Blockchain startup Nova Labs has announced the launch of a new phone plan that offers users unlimited text, talk, and data at just $5 per month.

    New Crypto Lobbyist Group Emerges in Washington, Seeks to Allay Misconceptions in the Sector

    Cryptocurrency miners are getting a dedicated mining lobbyist group tasked with dispelling fears around the activity among citizens and policymakers.