Dylan Butts

The new restructuring team of FTX has reportedly located over US$1 billion in cash assets that are held in U.S. financial institutions.

BlockFi, an early victim of the financial contagion caused by the collapse of the FTX cryptocurrency exchange, said it wants to return assets locked up in its bankruptcy proceedings.

The deal will need approval in a court hearing on January 5 and also faces a vote by creditors under Voyager’s chapter 11 bankruptcy filing.

FTX founder Sam Bankman-Fried appeared in court in the Bahamas, but did not agree to be extradited to the U.S. 

Sam Bankman-Fried has reportedly made a second application for bail in the Bahamas – this as lawyers feud over control of the FTX bankruptcy, raising concern the sour grapes may seep into efforts to have Bankman-Fried extradited to face fraud charges in the U.S.

As U.S. prosecutors line up charges against Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, Senator Elizabeth Warren is seeking to pass bipartisan regulation to rein in the “dark underbelly” of the crypto industry.

The bankruptcy of cryptocurrency exchange FTX doesn’t represent the biggest losses for crypto investors in 2022, according to a report from Chainalysis.

Members of a U.S. Congressional hearing expressed frustration about the timing of Bankman-Fried’s arrest, saying they wanted him to testify under oath so the public could get the answers they are seeking about the collapse of FTX.

The Binance cryptocurrency exchange “temporarily paused” USDC stablecoin withdrawals while it carried out a “token swap,” the company announced Tuesday.

FTX’s Sam Bankman-Fried has been charged by the U.S. SEC for orchestrating a years-long fraud on investors, the agency announced on Tuesday.

The exchange has gone silent since pausing withdrawals and liquidating all futures positions, with users fearing a repeat of the FTX collapse.

Hong Kong-based crypto exchange AAX is likely to end operations and restructure, former head of communications, Ben Caselin, told CoinDesk TV on Wednesday.

Telegram plans to build non-custodial wallets and decentralized exchanges for cryptocurrencies following the collapse of the FTX exchange says CEO Pavel Durov.

Employee accounts of life at Sam Bankman-Fried’s flagship cryptocurrency trading arm Alameda Research paint a picture of overworked and inexperienced millennials running a ship headed for the rocks: one seemingly escaped.

U.S.-based cryptocurrency exchange Kraken has agreed to pay over US$362,000 to settle claims that it violated sanctions against Iran, the Treasury said Monday.

Crypto lender BlockFi Inc. and eight of its affiliates have filed for Chapter 11 bankruptcy reorganization in the U.S.

Binance said it will establish a US$1 billion fund for its “Industry Recovery Initiative” to mitigate the damage from the collapse of the FTX exchange. 

The organized crime gangs victimize both the trafficked and those that get scammed, according to the official

New York became the first U.S. state to enact a temporary ban on new cryptocurrency mining permits at fossil fuel plants, despite lobbying against the measure. 

The alleged hacker behind the theft of hundreds of millions of dollars from the cryptocurrency exchange FTX is moving the funds around to separate wallets.

The world’s largest publicly traded hedge fund manager, Man Group Plc, plans to launch a cryptocurrency exclusive fund.

The Genesis brokerage arm of the Digital Currency Group is one of the latest cryptocurrency platforms to lock down withdrawals following the bankruptcy of crypto exchange FTX, and the freeze is spreading.

Sam Bankman-Fried, the founder of the FTX, says he regrets the company’s bankruptcy filing, blamed the downfall on “messy accounting” and criticized regulators.

Can decentralized platform Mastodon, named after an extinct elephant, replace the little blue bird that has dominated the world’s social media landscape for over a decade?

The failure of cryptocurrency exchange FTX has been compared to the Lehman Brothers collapse in 2008, but it may have more similarity to the bankruptcy of energy trading giant Enron Corp. – an event FTX’s new chief executive officer knows all too well.

O’Leary remains committed to crypto even after losing his investment in FTX.com, but said that the industry will become more regulated.

FTX officials confirmed on Sunday that unauthorized transactions have drained millions of remaining user funds from wallets over the weekend.

Crypto exchanges and lending platforms are starting to use the dreaded F word for Freeze amid worries about the possible collapse of FTX.com, part of one of the world’s biggest cryptocurrency trading networks.

Sam Bankman-Fried says FTX US is insulated from FTX.com’s liquidity crunch, but the American-based platform could freeze trading in the next few days.

Binance may have nixed the deal to bailout rival exchange FTX.com, but it could still gain a big chunk of FTX’s business as investors flee the platform.

Commonly known as “CZ,” the Chinese-Canadian founder of Binance appears to have stolen Sam Bankman-Fried’s shine, coming out of the FTX acquisition with the most to gain.

Binance steps in with deal to buy FTX.com, but with so many moving parts to consider how messy could this pending acquisition get?

Crypto exchange FTX’s native token, FTT, fell more than 20% in afternoon trading in Asia amid speculation rival exchange Binance is selling off the FTX token.

Amid uncertainty and criticism following Elon Musk’s takeover of Twitter, nearly half a million users have flocked to Mastodon, a decentralized alternative.

The network says the apparent attack was just a preemptive safeguard against an issue with a cross-chain bridge.

OpenSea will pilot a system that freezes the trading of NFTs involved in suspicious sales while it reviews the transaction.

The ongoing Crypto Winter is ‘only going to get worse’ as the industry is re-evaluated amongst tighter interest rates, the cofounder of Tezos predicts.

As governments look towards zero carbon emission goals, new means of creating climate-related financial products are being tested on the blockchain.

The billionaire founder of crypto exchange FTX, Sam Bankman-Fried, criticized regulations in Hong Kong and elsewhere that limit access to crypto investment to wealthy investors.

The founder of crypto exchange FTX, which moved out of Hong Kong in 2021, said that the city could emerge as a Web3, blockchain and cryptocurrency hub.

It is the one-year anniversary of Facebook’s rebrand as Meta, a major step in the company’s foray into virtual reality and Web3. However, in actual reality, not everything has gone to plan for the platform’s new parent company.

Pixelated pictures and cartoonish drawings have typically dominated the world of Non-Fungible Tokens (NFTs), but some exhibits at Hong Kong’s Xperience art fair show new means of applying the technology.

Lawmakers in the British Parliament’s lower house voted in favor of recognizing cryptocurrency assets as regulated financial instruments and products Tuesday.

Cryptocurrency exchange FTX will reimburse US$6 million lost by users in a phishing attack over the weekend, according to founder Sam Bankman-Fried.

A Twitter user highlighted a vulnerability in BitBTC’s Optimism bridge and averted what could have been the latest in a string of bridge exploits this month.

The perpetrator of the US$9.1 million Moola Market exploit returned close to the entirety of the loot in exchange for an undisclosed ransom on Wednesday, according to the project’s social media update.   See related article: ‘Hacktober’ continues with US$1 mln taken from BitKeep token swap service Fast facts Decentralized finance (DeFi) project Moola Markets announced […]

An unidentified hacker stole over US$1 million in Binance Coin (BNB) tokens from decentralized multi-chain wallet BitKeep’s token swap service on Monday, according to a Tuesday statement by the company. See related article: Crypto hackers on track for bonanza year as theft surges, Chainalysis says Fast facts “Our development team managed to contain the emergency […]

The IRS updated its annual income tax instructions in a Monday draft that does away with the taxable category “virtual currency” and replaces it with the term “digital assets,” which explicitly includes NFTs.

Hong Kong seems set to put out a new welcome mat for the blockchain and crypto industries, but will it work after concern about regulatory restrictions convinced many cryptocurrency operators to leave?

A partnership between the World Gold Council (WGC) and Swiss-based DLT infrastructure and application provider aXedras Group could make gold trading more accessible and streamlined, though insiders are skeptical, according to a Bloomberg report Sunday.  See related article: Diamond Standard raises US$30 mln to ramp up tokenized asset distribution Fast facts The WGC’s initiative “Gold247” […]

Decentralized finance sites are the preferred choice of hackers as crypto heists look to be on course to hit a record high this year.

‘Risky or illicit’ transactions represent the highest rate of any region measured by the blockchain analytics firm.

The U.S. Securities and Exchange Commission (SEC) is reportedly probing Yuga Labs, Inc., the company behind the top-selling non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), for its issuance of the digital assets, according to a Bloomberg report.  See related article: SEC fines Kim Kardashian US$1.26 mln for promoting EthereumMax Fast facts The report […]

Tornado Cash, the Ethereum coin mixer slapped with sanctions by the U.S. Treasury back in August, has returned to the software hosting website GitHub amid a flurry of lawsuits against the Treasury for its action.

The European Parliament passed a preliminary legal framework for the crypto space on Monday that aims to increase standards and requirements  for digital asset companies, ahead of a final vote expected soon.  See related article: Europe cancels AML amendment that would have forced identity verification for non-custodial wallets: report Fast facts EU lawmakers voted heavily […]

Non-fungible tokens (NFTs) can be used to preserve and spread fine art and cultural heritage, tapping into new generations of audiences and patrons, said stakeholders.

Gold bars, cash, jewelry, cars and luxury watches bought with defrauded funds are seized.

The apparel and luxury goods industry is leading in tradable non-fungible token (NFT) adoption, with major brands launching their own NFT collections, according to a new research study by CoinGecko. See related article: Apes still rule among the bears: NFT market falls for fifth straight month Fast facts The independent cryptocurrency aggregator found the apparel […]

Emerging markets dominated the 2022 Global Crypto Adoption Index, with Latin America second in transaction volume growth.

Original artworks are being set on fire and destroyed to be digitally reborn on the blockchain as non-fungible tokens. But, how far is too far in this recent incendiary trend?

Ripple Labs Inc., the firm whose payment network is powered by the self-described carbon-neutral cryptocurrency token XRP, has partnered with Web3 climate startup Thallo and various other companies to build a carbon credit market on the blockchain.  See related article: SEC opposes motions from two firms seeking to back Ripple in XRP lawsuit Fast facts […]

Cool Cats Group LLC, the Web3 company behind the cartoon feline-based NFT collection Cool Cats, announced Thursday that it had received a strategic investment and partnership from Animoca Brands, owner of the metaverse platform The Sandbox.  See related article: Asus launches NFT platform to plug into Web 3.0 Fast facts In a tweet, Cool Cats’ […]

Members of European Parliament (MEPs) voted in favor of a resolution that called for the use of blockchain technology to fight tax evasion and urged member states to coordinate more on the taxing of crypto assets, according to a Tuesday statement.  See related article: How will the crypto tax debate play out in the UK? […]

Financial services company Mastercard Inc. has launched Crypto Secure, a technology solution designed to help banks identify fraud-prone crypto exchanges, the company announced in a press release. See related article: Binance partners Mastercard to launch card in Argentina for bill payment, everyday purchases Fast facts The service uses artificial intelligence algorithms and blockchain data to […]

Cryptocurrency exchange Coinbase Global Inc. said it resolved technical issues on Sunday night that had prevented U.S. bank account users from making payments or withdrawals for most of the day.  See related article: Coinbase gets nod from Dutch central bank to offer crypto services Fast facts “We’ve fully resolved this issue and ACH transfers are […]

Sam Bankman-Fried, the American crypto entrepreneur, billionaire and investor, considered joining Musk’s bid to buy social media giant Twitter, leaked private messages reveal.

Vitalik Buterin identified Ethereum’s next big challenges as scalability and layer 2 implementations at the Converge22 conference.

Circle Internet Financial, Inc., the global financial technology company behind the USD Coin (USDC) stablecoin, will soon be making the token available on five additional blockchains, Chief Product Officer Nikhil Chandhok said on Wednesday at the company’s Converge22 conference.  See related article: U.S. Fed has growing interest in CBDCs, says Jeng at Crypto Council for […]

What if you could hit the undo button on an Ethereum blockchain transaction after discovering you’ve been scammed?

Christie’s, the 256-year-old fine art auction house, is debuting Christie’s 3.0, an Ethereum-based NFT marketplace with the launch of an exclusive collection from leading Web 3.0 visual artist Diana Sinclair.  See related article: Naver and LINE launch NFT platform for K-pop fans Fast facts The New York-based auction house has made waves in the space, […]

The Commodity Futures Trading Commission faces criticism from cryptocurrency industry as opposition grows over “unprecedented” charges against the Ooki DAO.

A bill that proposed a regulatory and licensing framework for crypto companies was rejected by Gov. Gavin Newsom amid a broader national debate concerning the policing of digital assets.