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FTX has released its presentation materials for the shareholder meeting taking place Sept. 11-12. The unrestricted portion provides a clear overview of the company’s current state and its slow march toward settlement.  The shareholders will begin their day with an account of the claims against the cryptocurrency exchange. Over 2,300 non-customer claims have been filed
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Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (BTC), now trades at just 17% below BTC price parity. The latest data from monitoring resource CoinGlass confirms that as of Sep. 9, GBTC shares traded at 17.17% less than BTC/USD. GBTC retraces nearly two years of losses Bitcoin’s largest institutional investment vehicle, GBTC has seen its
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Authorities in Thailand arrested five foreign nationals linked with a fraudulent cryptocurrency investment platform that fleeced over $27 million from local investors. According to an initial report from the Bangkok Post, Thailand’s Cyber Crime Investigation (CCIB) Bureau arrested four individuals from China and one from Laos for orchestrating a fraudulent investment scheme that duped more
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Binance regional markets head Richard Teng insists that the global cryptocurrency exchange is financially secure and in no way similar to bankrupt peer FTX despite recent regulatory scrutiny and regional challenges. Speaking exclusively to Magazine editor Andrew Fenton in Singapore ahead of the 2023 Token2049 conference, Teng addressed a variety of different challenges being faced
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Ripple Labs has unveiled new details about its acquisition of blockchain infrastructure company, Fortress Trust. The acquisition talks reportedly “accelerated” after Fortress’s customers lost funds due to a security incident involving a third-party vendor. A spokesperson for Ripple told news outlet The Block, “Conversations accelerated last week following the security incident via a third-party analytics
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Amid the current pressure on so-called “finlfluencers,” promoting investment products in their blogs, France makes a step toward outright licensing them. The country introduces a non-obligatory Responsible Influence Certificate. As revealed on Sept. 7, two French regulatory agencies, the Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP) have
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Not a single fraud proof has been submitted on Arbitrum since it first launched its mainnet with the built-in security feature in August 2021, according to Ed Felten, co-founder and chief scientist of the Arbitrum-building Offchain Labs. Operating as an Ethereum layer-2, Arbitrum’s interactive, multi-round fraud proofs work by allowing a layer-1 verifier contract to
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Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests. In one of its Quicktake posts on Sep. 7, on-chain analytics platform CryptoQuant revealed a major spike in loss-making unspent transaction outputs (UTXOs). CryptoQuant: Bitcoin UTXOs in Loss “mirror” March 2020 Bitcoin may be worrying market
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Pepecoin (PEPE) price has crashed nearly 85% from its record high of $0.00000448 in May 2023. What’s more, its bearish momentum is likely to continue in September.  Back-to-back Pepecoin security breaches Pepecoin has suffered two concerning security breaches in the last two weeks. First, on Aug. 24, Pepecoin’s rogue founding team members transferred $16 million
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