Category: crypto

Craig Wright, not Satoshi, faced a contempt application from COPA in court. The judge set the hearing for Dec. 18, discussing Wright’s appearance and potential cross-examination. Wright objected to a stay in the claim against Square Up but eventually agreed. He cited his autism spectrum disorder for wanting to participate remotely from Singapore during the…

UBS Asset Management has launched its first tokenized fund on the Ethereum blockchain called “uMINT” to provide clients with an innovative investment solution. This initiative aligns with the growing investor interest in tokenized assets. UBS’s broader “UBS Tokenize” initiative aims to expand offerings like fund issuance and distribution using blockchain technology.

M2, a UAE-based crypto exchange, was hacked on Oct. 31, resulting in a loss of $13.7 million in digital assets. The breach involved Bitcoin, Ethereum, and Solana networks, with a suspicious address converting stolen assets to ETH. M2 has restored all affected funds, enhanced security controls, and is cooperating with authorities.

Tron’s blockchain has seen significant growth, with its native token TRX reaching a yearly high of $0.17, reflecting a 55% increase year-to-date. The network achieved its second-largest monthly revenue of $205 million in October, driven by expansions in DeFi, memecoins, and NFTs. Tron is now the second-largest blockchain for stablecoins, attracting users in emerging markets.

October saw a significant decrease in crypto-related losses due to exploits, totaling around $116 million, the lowest in six months. Most losses came from exploits, with Radiant Capital facing a $50 million exploit. Despite some funds being returned to victims, the threat of hacks and scams in the crypto sector remains.

CryptoSlate Alpha is a web3 membership that provides cutting-edge insights and knowledge powered by Access Protocol. To access paywalled content, users must stake a minimum of 20,000 ACS tokens. By locking ACS tokens with CryptoSlate, users agree to the terms and conditions set by their digital wallet provider and the Access Foundation.

Bankrupt crypto exchange FTX has settled with Evolve Bank and Silicon Valley Community Foundation to potentially recover $21 million in assets. Evolve Bank will return $12.77 million to FTX while SVCF will return $8.57 million and remaining FTT tokens. These settlements await court approval to expedite asset recovery and avoid litigation.

Stephen Mollah claimed to be Satoshi Nakamoto, the creator of Bitcoin, at a press conference in London but failed to provide convincing evidence. Attendees were skeptical, as technical issues and unverified claims undermined his credibility. The event was not endorsed by the venue, and journalists grew impatient with Mollah’s lack of concrete proof.

Binance is partnering with Amazon Web Services to enhance user experience on its platform by utilizing AWS’s Cloud and Generative AI technologies. This move aims to streamline user onboarding, improve customer support, and enhance internal systems for diagnostics and troubleshooting. Binance’s focus includes simplifying KYC processes and automating issue resolution through AI tools, leading to…

Riot Platforms CEO Jason Les has received interest from “blue-chip” companies for partnership in AI and high-performance computing initiatives due to the company’s reputation and energy capacity. Despite a widening net loss in Q3, Riot’s revenue increased by 65% fueled by higher Bitcoin prices. The company is considering AI ventures for potential revenue growth.