Category: crypto

Sunil Kavuri of the FTX Creditors’ group stated that the bankrupt crypto exchange is working on compensating creditors in countries like Russia, China, Egypt, Nigeria, and Ukraine. China has the largest share of claims. Smaller creditors have been reimbursed, but larger ones are expected to receive payments in the second quarter. Former CEO Sam Bankman-Fried…

Crypto bettors on Polymarket are betting on Kanye West, now known as Ye, launching a crypto token this month, with odds currently at 76%. Reports suggest Ye plans to introduce a YZY token for his Yeezy clothing line. West recently rejected a $2 million scam offer to endorse a fraudulent memecoin.

Nansen, a blockchain analytics platform, has been appointed as a TRON Super Representative, supporting TRON’s mission to decentralize the internet. Nansen will provide advanced analytics tools to offer insights into the TRON blockchain, enhancing transparency and governance. This collaboration aims to drive adoption of decentralized finance and Web3 technologies.

Cardano founder Charles Hoskinson discusses the need for quantum security measures in blockchain systems as quantum computing advances. He praises Microsoft’s Majorana 1 quantum chip and outlines Cardano’s plan to introduce a proof chain for enhanced security. Despite challenges, Cardano aims to transition to quantum-resistant alternatives in the long term.

Sam Bankman-Fried, founder of the collapsed FTX exchange, maintains his innocence, claiming political bias influenced his prosecution. He argues that FTX was never insolvent but experienced a liquidity crisis. Bankman-Fried suggests his legal troubles were politically motivated, pointing to ties to both the Democratic and Republican parties. He compares his case to that of President…

Head of Australia’s competition regulator warns that relaxing crypto regulations in the US could lead to increased vulnerability to investment scams for Australian consumers. Trump’s pro-crypto stance contrasts with Biden’s approach, as scams involving digital assets are on the rise globally. The ACCC is prioritizing financial fraud enforcement and consumer protection.

Argentinian President Javier Milei expressed interest in hosting the next Devconnect event to promote the growth of the Ethereum ecosystem. This came after Ethereum co-founder Vitalik Buterin praised Argentina’s Ethereum community. Despite the recent LIBRA memecoin scandal, Buterin remains optimistic about Argentina’s role in the crypto space. Argentina has shown significant crypto adoption and value…

Bitcoin miners are turning to artificial intelligence (AI) and high-performance computing (HPC) to adapt to inconsistent transaction fee revenues. The shift is driven by the need to maintain revenue levels as block rewards halve every four years. Several Bitcoin mining companies are exploring AI and HPC initiatives to optimize revenue streams and scale operations.

Differences in Bitcoin futures open interest and trading volume reveal unique exchange trading patterns, indicating that leverage and contract sizes influence how traders behave on specific exchanges.

French lender Societe Generale’s unit SG-FORGE launched its euro-backed stablecoin, EUR CoinVertible (EURCV), on the Stellar blockchain to comply with EU regulations. The move aims to provide businesses with a secure digital euro option. EURCV was initially on Ethereum and will benefit from Stellar’s fast and low-cost transactions.