Blockchain technology is all about decentralization and virtualization. So it’s a little ironic that humans love to come together in person at big blockchain events. Such was the case last week in Seoul, where a record 17,000 people and 300 speakers came together for Korea Blockchain Week. Like traditional tech conferences, the event featured a […]
A walk through the crypto jungle at Korea Blockchain Week Read More »
Lawyers representing Sam Bankman-Fried, the FTX CEO and co-founder who was convicted of fraud and money laundering late last year, are seeking a new trial. Following crypto exchange FTX’s collapse, Bankman-Fried was found guilty on all seven counts, then sentenced to 25 years in prison and ordered to pay $11 billion in forfeiture. He has
Sam Bankman-Fried appeals conviction, criticizes judge’s ‘unbalanced’ decisions Read More »
Telegram has had a tough few weeks lately. The messaging app’s founder, Pavel Durov, was arrested in late August and later released on a €5 million bail in France, charged with running a company complicit in distributing child sexual abuse material, and facilitating drug trafficking and organized fraud. Predictably, that crashed the price of the
Telegram CEO Durov’s arrest hasn’t dampened enthusiasm for its TON blockchain Read More »
The U.K. government has introduced a new bill to Parliament that proposes new legal protections for digital assets such as cryptocurrency, non-fungible tokens (NFTs), and carbon credits. The bill comes as the crypto sector contends with a range of regulatory headwinds: In the U.S., the Securities and Exchange Commission (SEC) has ruled that certain crypto
As a young immigrant in Brooklyn, Mo Shaikh often pondered over his father’s taxi earnings. His father would say he made $100, but Shaikh couldn’t understand why only $60 made it home. (The rest, he learned, went to intermediaries.) This early experience sparked his curiosity about financial systems, but also their shortcomings and the need
The Federal Trade Commission (FTC) published a report about increasing fraud at Bitcoin ATMs. These ATMs allow people to turn their cash into crypto, but they’ve become a tool for scammers to perpetrate fraud. Since 2020, the FTC says, fraud at Bitcoin ATMs has ballooned nearly tenfold, and just in the first half of 2024,
Bitcoin ATMs are a hotbed for scams, FTC says Read More »
Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any
WazirX customers unlikely to recover full funds after $230M heist Read More »
OpenSea, which calls itself the “world’s largest” nonfungible token (NFT) marketplace, received a Wells notice from the SEC, the company said in a blog post Wednesday, indicating the regulator may soon bring a lawsuit against the company. In a tweet, CEO Devin Finzer says the SEC is claiming NFTs on OpenSea’s platform are unregistered securities.
SEC takes aim at NFT marketplace OpenSea Read More »
Depending on your thoughts on the intersection of crypto and Silicon Valley’s libertarians, this is either a dream idea or an odd one: former a16z-investor Balaji Srinivasan has booked out an island in Singapore to create his own “Network School.” This is where he’ll run programs on crypto, longevity and what it takes to establish “a technocapitalist
Binance, the world’s largest cryptocurrency exchange, has resumed operations for users in India after a seven-month hiatus imposed by a local authority for operating “illegally” in the country. The exchange said Thursday it has registered as a reporting entity with India’s Financial Intelligence Unit (FIU), a government agency tasked with scrutinizing financial transactions. India blocked
Binance restarts services in India after seven-month regulatory halt Read More »
