FTX Sues Ex-Alameda Employees Over $157M Recovery.
FTX recovered over $5 billion in assets but owes $8.7 billion to customers.Former FTX CEO Sam Bankman-Fried remains incarcerated ahead of an October trial.In a dramatic turn of events, the…
Kraken User Falls Victim to $4.5M USDT Loss in Phishing Scam
Phishing scams may come with a 24/7 “customer service: chat that give unsuspecting users deceiving explanations.In yet another successful phishing scheme, an unsuspecting user suffered a multimillion-dollar loss in Tether.…
Ethereum’s Recovery Stumbles as Bears Assert Control
The Ethereum price has recovered from a five-month low.A potential price decline to $1,431 if $1,538 support is breached.Ethereum, the second-largest cryptocurrency has been on a rollercoaster ride over the…
U.S House Committee Passes CBDC Development Restriction Bill.
The panel’s top Democrat, Rep. Maxine Waters (D-Calif.), voiced her opposition.The Senate, where Democrats have a majority, may provide significant opposition.A measure to prevent efforts to establish a CBDC in…
Fed’s Interest Rate Update Might Trigger Bitcoin (BTC) Rally.
The Federal Reserve has firmly decided to keep the funds rate within its current range of 5.25%-5.5%. This decision places the interest rate at its highest level since the early…
PayPal’s PYUSD Stablecoin Launches On Venmo
PYUSD is now available to select Venmo users, with a full rollout coming over the next few weeks.After announcing its new payment stablecoin last month, PayPal revealed on Wednesday that…
Standard Chartered’s Crypto-Division Zodia Custody To Offer Staking Service
The service was developed in response to the growing interest among financial institutions. The cryptocurrency custodian has collaborated with OpenEden.Standard Chartered’s crypto-arm, Zodia Custody, intends to provide payouts on cryptocurrency…
Bluesky experience record signups a day after Musk says X will go paid-only
The day isn’t even over yet Bluesky has already seen its biggest influx of new users in a single-day Bluesky has seen its biggest signup day ever after Elon Musk…
Balancer Reportedly Loses Over $240K Following Frontend Attack.
Balancer suffers a second attack roughly one month after losing almost $1 million.Ethereum-based decentralized automated marker maker (AMM) Balancer has warned users not to interact with the platform’s user interface…
ZTX Teams Up with Lenge Top Metaverse Designer for Exclusive Digital Fashion
Imagine wearing futuristic fashion from a virtual world! ZTX, a top metaverse platform, is partnering with Lenge, a famous virtual fashion creator. They’re joining forces to create a futuristic collection…