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    Blockchain

    US Prosecutors Seek 5-7 Years for Former FTX Executive Ryan Salame

    The U.S. prosecutors are pushing for a prison sentence of five to seven years for the former FTX executive Ryan Salame.

    Deutsche Bank Infra Provider Taurus Expands to North America

    The crypto technology provider Taurus announces the opening of its Vancouver office, marking tis expansion into the North American market.

    ZachXBT Uncovers 7 More Addresses Linked to Lazarus Worth $61 Million—Here’s the latest

    In a major development in the crypto space, blockchain investigator ZachXBT identified seven wallet addresses on May 21 containing 891.13 Bitcoin, worth approximately $61 million, linked to the infamous North Korean hacking group Lazarus.

    Former Treasury Official Graham Steele Gets Pushback On FIT21 Take After DIFA Petition Criticism

    Former U.S. Treasury official Graham Steele is receiving backlash after he took to X Monday morning to scrutinize support for the Financial Innovation and Technology for the 21st Century Act (FIT21) ahead of its likely vote on Wednesday.

    SEC Files Opposition To Ripple’s Latest Motion

    The US Securities and Exchange Commission (SEC) filed a response to Ripple’s motion application to seal and redact the company’s business details in the parties’ briefings on remedies on Tuesday.

    US House of Representatives Set To Vote On Decentralization Bill

    The US House of Representatives will vote on the long-awaited Decentralization Bill, officially titled “The Financial Innovation and Technology for the 21st Century Act” (FIT21) this week. Experts believe this legislation could clarify and streamline cryptocurrency regulation for traders and investors in the US.

    Hong Kong Police Arrest Three in HK$5.1 Million Virtual Investment Talk Show Ticket Scam

    Hong Kong police arrested on Tuesday three individuals linked to a fraud syndicate that allegedly defrauded at least 10 residents out of HK$5.1 million (US$653,900) through fake virtual investment talk tickets.

    Best Game-Changing Projects to Keep an Eye on in 2024

    Get ahead of the curve with our exclusive guide to the most exciting and transformative projects poised to make waves in 2024. From decentralized video streaming platforms revolutionizing media and entertainment to smart contract ecosystems and crypto analytical services, each project offers a glimpse into a future where innovation is fruitful for everybody.

    Democratic House Leadership Will Not Whip FIT21 Despite Strong Opposition: Politico

    Representatives Maxine Waters (D-CA) and David Scott (D-GA) are refraining from whipping against the Financial Innovation and Technology for the 21st Century Act (FIT21) ahead of the crypto regulation’s expected vote Wednesday, according to an email obtained by Politico on Monday.

    Gala Games Hit by $23 Million Token Exploit Due to ‘Messed Up’ Internal Controls

    Gala Games, a prominent blockchain gaming platform, experienced a significant security breach that resulted in the unauthorized sale of 600 million GALA tokens, valued at $23 million. CEO Eric Schiermeyer confirmed that the incident was attributed to inadequate internal controls.

    Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report

    The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed.

    Craig Wright Lied To Court: UK Judge Reveals

    AUK High Court judge ruled against Craig Wright, an Australian computer scientist who had repeatedly claimed to be Satoshi Nakamoto, the pseudonymous inventor of Bitcoin, on May 19.

    Binance Encourages Small and Medium Crypto Projects to Tackle Low Float and High FDV

    To foster a healthier and more sustainable crypto ecosystem, Binance, the world’s largest cryptocurrency exchange, urged small and medium-sized crypto projects to address the prevalent trend of low float and high fully diluted valuations (FDV) on Monday. 

    XLink Partners with Kaamel Technology to Investigate $10M Security Breach

    XLink announced a partnership with cybersecurity firm Kaamel Technology on May 20. The collaboration will thoroughly investigate the ‘root cause’ of a data breach on May 15 that involved nearly $10 million of user funds.

    BounceBit Pledges To Democratize Bitcoin Investing With Binance-Backed Roadmap

    BounceBit, a new Bitcoin restaking startup, has announced a detailed roadmap for 2024 aimed at democratizing high-yield Bitcoin investing by merging centralized and decentralized finance (CeDeFi).