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    Blockchain

    FTX Lawsuit Reveals Alleged Plan to Use Island as Doomsday Bunker

    A newly filed lawsuit has alleged that the FTX Foundation planned to use the island nation of Nauru as a safe refuge for effective altruists for “some event where 50% - 99.99% of people die.”

    Peer-to-Peer Crypto Platforms under Pressure in Declining Market

    Decentralized peer-to-peer crypto exchanges are under heavy pressure as they witness a sharp decline in the total market share. 

    US Rep. Warren Davidson Criticizes CBDCs, Advocates Permissionless P2P Money Instead

    The United States Republican Representative, Warren Davidson, has reiterated his stance against a government central bank digital currency (CBDC), claiming that they should be banned and criminalized.

    Futureverse Raises $54 Million to Fuel Expansion of Diversified Metaverse Platform

    Futureverse, a crypto tech and gaming startup, has secured $54 million in Series A funding to support its expansion in the metaverse space. 

    Fresh Speculation Arises as US Federal Reserve Debuts FedNow Instant Payments Service

    The US Federal Reserve recently unveiled the FedNow Service system to facilitate instant payments; however, experts warn that the system might become a precursor to the infrastructure for a central bank digital currency (CBDC).

    McDonald’s Hong Kong Collaborates with The Sandbox to Launch McNuggets Land in Web3

    McDonald's Hong Kong collaborated with The Sandbox to create McNuggets Land, an immersive Web3 experience to commemorate the 40th anniversary of Chicken McNuggets. 

    OpenSea-Backed Americana Offers Public Access to Unique ‘Phygital’ Vaulting System

    Vaulting platform Americana, backed by the popular OpenSea NFT marketplace, has launched its concierge vaulting, allowing collectors to store, showcase, and sell both physical and digital assets.

    Crypto Exchange FTX and Alameda Seek to Retrieve $71 Million from Philanthropic and Life Science Entities

    Defunct cryptocurrency exchange FTX and its sister company Alameda Research are seeking clawbacks from FTX's philanthropic arm and other life science entities. 

    Binance Labs Pours $10 Million into Cross-Chain DeFi Lender, Radiant Capital

    Crypto exchange Binance’s venture capital arm – Binance Labs – has invested $10 million in Radiant Capital, a marketplace for providing liquidity and borrowing cross-chain assets.

    Massive Crypto Adoption Ahead: Jesse Pollak of Coinbase Expects 8 Billion On-Chain

    As many as 8 billion people will become crypto and blockchain users over the next decade, according to Coinbase protocols lead Jesse Pollak.

    Canadian Police Alert High-Value Crypto Investors Being Subject to Burglaries

    Canadian authorities have reported several incidents of robbery “whose victims are high-value cryptocurrency investors.” As a result, the country's federal police service issued a warning about this potential trend of home invasion-style burglaries targeting crypto investors.

    US House Republicans Introduce Landmark Bill for Regulating Crypto: The Financial Innovation and Technology for the 21st Century Act

    On Thursday, Senior House Republicans presented legislation to resolve the regulatory ambiguity surrounding the digital asset industry. 

    China’s Digital Yuan Hits $250 Billion Transaction Volume, Central Bank Governor Reports

    The People’s Bank of China (PBoC) revealed that $250 billion worth of transactions have taken place using the country’s central bank-backed digital currency (CBDC) digital yuan in 18 months since the start of its pilot.

    The US Department Of Justice Will Double Its Crypto Enforcement Teams To Combat Crimes

    The United States Department of Justice is set to expand its digital asset crime enforcement teams in the coming months as part of wider plans to reduce virtual-asset-related crimes. 

    Over 70% of Spanish Crypto Traders Declared Losses in FY2022 – Report

    Over 70% of Spanish crypto traders declared losses in the financial year 2022, a new report has found.

    1.3m+ Crypto Phishing Attacks Foiled in Russia So Far This Year – Kaspersky

    More than 1.3 million crypto-related phishing attacks were stopped in Russia in the first six months of this year, a new report has claimed.