FTX’s leadership is looking to claw back more than $240 million from insiders and executives that benefited from FTX’s “wildly inflated” acquisition of stock-clearing platform Embed in September. Cointelegraph reported yesterday that a lawsuit was filed against former FTX CEO Sam Bankman-Fried and other top FTX insiders on May 17 concerning the Embed acquisition, which they allege was conducted without […]

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Bitcoin cash price started a fresh decline below the $120 zone against the US Dollar. The price is now trading below the $118 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at […]

The third-party payments provider for Binance Australia, Cuscal, hinted about the impact of “scams and fraud” related to “account fraud, ID takeover and crypto activity” after being questioned why it offboarded the exchange on May 18. The payments provider did not specifically address Binance or crypto exchanges in its statement to Cointelegraph and declined to elaborate on why it pulled […]

On May 18, crypto hardware wallet provider Ledger clarified how its firmware works after a controversial May 17 tweet was deleted by the company. The deleted tweet, which Ledger said was written by a customer support agent, had stated that it was “possible” for Ledger to write firmware that could extract users’ private keys. Ledger chief technology officer Charles Guillemet […]

Uniswap Labs, a leading decentralized finance (DeFi) platform, has recently conducted a survey to understand the motivations and barriers of US-based retail users towards DeFi. The survey received 1,860 responses, including non-crypto, centralized finance (CeFi), and DeFi users. The survey revealed that despite the bear market backdrop, nearly half of CeFi users expressed an interest in experimenting with DeFi protocols […]

The outcome of the pilot program that involves Ripple among other firms is expected to help in the final implementation of the e-HKD CBDC. Ripple Labs’ groundbreaking technology has recorded a huge adoption of its CBDC private platform that is built on the XRP Ledger technology. The company is already working with several central banks around the world to mint, […]

The crypto space is bubbling with many comments and reactions about the sale of BEN tokens by the famous crypto influencer Ben Armstrong, also known as BitBoy. One of the notable reactions came from the Ripple Labs CTO, David Schwartz, who disclosed that his lack of trust in the YouTuber goes far back in the past.  BitBoy Accused Of Dumping […]

Ethereum (ETH) recently witnessed a remarkable event that sent ripples of excitement through the crypto community. An Ethereum whale emerged from a prolonged slumber, making a substantial return to the scene after remaining inactive for more than two years.  A “whale” is a term used to describe individuals or entities holding significant amounts of cryptocurrency.  The identity of this prominent investor […]

Cuy Sheffield, Head of Crypto at Visa, a global payments technology company operating in over 200 countries, has confirmed that they have deployed its first paymaster smart contract on the Goerli testnet of Ethereum, a smart contracting platform. Visa Is Experimenting In a tweet on May 17, 2023, Sheffield said that Visa would continue researching and experimenting with account abstraction and […]