The man who caused the collapse of the FTC cryptocurrency exchange thinks his sentence is unjust Sam Bankman-Fried, the former CEO of collapsed crypto exchange FTX, is set to appear in court this November as part of his appeal against a 25-year prison sentence. The US Court of Appeals for the Second Circuit has scheduled
The nonprofit supporting the Avalanche blockchain is looking for new funding sources The Avalanche Foundation, the nonprofit supporting the Avalanche blockchain, is working on an ambitious fundraising plan that could bring in up to $1 billion for new crypto-related projects. According to reports, the foundation is holding discussions with investors about setting up a digital
Gemini has upped the ante in its bid to launch an IPO Crypto exchange Gemini has raised expectations for its public debut, setting its sights on a valuation above $3 billion. The firm, founded by Cameron and Tyler Winklevoss, disclosed in an updated filing with the Securities and Exchange Commission that it now intends to
Interest in NFTs is dwindling, forcing the company to rethink its involvement Christie’s, the 258-year-old British auction house, is scaling back its standalone involvement in NFTs as the global art market faces tighter conditions. The company confirmed it will fold its digital art operations, including NFT sales, into its broader 20th and 21st-century art category
The platform wants to lower the bar for entry into the crypto ecosystem Stelios Haji-Ioannou, the billionaire best known for creating easyJet, has revealed plans to enter the cryptocurrency market with a new venture called EasyBitcoin. The move represents a sharp pivot from aviation to digital finance, but it carries echoes of the same low-cost,
Coinbase just announced an increase in its dependence on AI-driven coding A new report from cybersecurity company HiddenLayer is raising concerns about Coinbase’s reliance on artificial intelligence tools for software development. The firm said Thursday that it discovered a vulnerability known as the “CopyPasta License Attack,” which can be used to sneak malicious instructions into
Coinbase CEO Brian Armstrong has said AI will be a major part of the company’s future Coinbase is leaning heavily into artificial intelligence to reshape how it develops and maintains its platform. CEO Brian Armstrong revealed this week that more than 40% of the company’s code is now written with the help of AI tools,
The financial regulators are trying to clear the air on cryptocurrency investments US financial regulators have taken a step toward clarifying the rules for digital assets. Yesterday, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released a joint staff statement confirming that regulated exchanges in the US and abroad can
Hackers continue to find ways to exploit the cryptocurrency ecosystem Hackers and scammers made off with more than $163 million worth of crypto in August, according to new data from blockchain security firm PeckShield. The firm reported the losses came from 16 separate incidents, marking a 15% increase from July’s $142 million tally, though still
The company will continue to support existing smart contracts Tether, the issuer of the world’s largest stablecoin, announced on Friday that it has changed course on its earlier plan to freeze USDT smart contracts across five blockchains. Instead of locking tokens, the company will keep them transferable, while halting new issuance and redemption on the
Bitcoin ETFs in the US now regularly generate between $5 and $10 billion in trading volume US-based cryptocurrency exchange-traded funds (ETFs) are continuing to play a larger role in daily spot trading, with Bitcoin funds driving much of the activity. Analysts say these products have quickly become one of the main gateways for institutional investors
The new partnerships with Mastercard and Finastra will help bridge the gap between crypto and finance Circle is taking another step toward embedding stablecoins into the core of global finance, announcing new partnerships with Mastercard and financial software provider Finastra. The collaborations are designed to expand the use of Circle’s USD Coin (USDC) and Euro
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