The US Securities and Exchange Commission (SEC) has recently raised concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan to repay creditors using stablecoins or other digital assets has sparked controversy, with the SEC reserving the right to challenge these transactions under federal securities laws. This move has added another
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In a groundbreaking turn of events, a London resident named Habibur Rahman has found himself in legal trouble for operating a Bitcoin ATM without the proper registration. Rahman, who resides in Langdon Crescent, East Ham, was taken into custody following a raid by Kent Police at a gadget shop in Chatham on April 28, 2023.
In the past five decades, the payments industry has seen significant growth and has become one of the largest sectors globally. However, one major issue remains – the industry still relies on outdated technology that is becoming more inefficient over time. A recent report from Binance Research sheds light on the potential benefits of blockchains,
Ethereum co-founder Vitalik Buterin has once again caused a stir in the crypto community by transferring a significant amount of ETH. According to a report from Lookonchain, Buterin moved 800 ETH, valued at $2.01 million, to a multisig wallet. Shortly after, 190 ETH from this wallet was exchanged for 477,000 USDC, a stablecoin pegged to
The recent endorsement of rate cuts by Federal Reserve Chairman, Jerome Powell, has sparked a new wave of speculation in the financial markets. While the current benchmark rate for overnight money market loans hovers around 5.25% to 5.5%, Powell’s announcement at Jackson Hole, Wyoming indicated a clear intention to lower interest rates in the near
In a recent ruling by the United Arab Emirates court, cryptocurrencies have been recognized as a mode of salary payment, significantly impacting employment contracts in the region. The ruling by the Dubai Court of First Instance marks a shift in the traditional approach towards cryptocurrencies and highlights the increasing adoption of digital assets in the
Recently, blockchain investigator ZachXBT revealed shocking information about North Korean developers who managed to steal $1.3 million from a project’s treasury. This brazen act of theft involved the use of fake identities to inject malicious code into the system, enabling the unauthorized transfer of funds. The stolen funds were cleverly laundered through various channels, including
The partnership between MetaMask, Mastercard, and Baanx has paved the way for a new era of cryptocurrency spending with the introduction of the MetaMask Card. This innovative card is currently in the trial phase in the UK and EU, offering users a seamless way to make everyday purchases using their cryptocurrency holdings directly from their
In the realm of cybercrime, there has been a mix of good news and bad news. While overall illicit transactions have seen a decrease from the previous year, there has been a concerning rise in stolen funds from crypto scams and ransomware attacks. The amount of stolen funds from crypto scams has nearly doubled from
Unstoppable Domains and Amazon Web Services (AWS) recently celebrated the successful completion of their global virtual hackathon, which attracted an impressive 1,162 participants. The hackathon, hosted on Devpost.com, utilized AWS’s cloud computing capabilities and Unstoppable Domains’ blockchain-based digital identity solutions to explore opportunities within the realms of Web3 and artificial intelligence (AI). The event featured