Author: Adam Stern

In a courtroom drama that reads like a thriller, the FTX scandal has taken yet another intriguing turn. Caroline Ellison, the ex-CEO of Alameda Research and former girlfriend of FTX’s Sam Bankman-Fried, has made shocking allegations during her testimony. The allegations revolve around a complex scheme to recover frozen funds that involve Thai prostitutes, Chinese bribes, and cryptocurrency assets. You might also be interested: FTX Bankruptcy Fallout: Users Face Potential Phishing Threat Caroline Ellison leaves the courthouse after her first day of testimony The Allegations Unveiled Caroline Ellison’s second day of testimony in the FTX trial provided a jaw-dropping account of…

Bitcoin, the pioneer of blockchain technology, is renowned for its robust security and simplicity. However, its smart contract capabilities have been relatively limited compared to platforms like Ethereum. Enter BitVM, a groundbreaking proposal by BTC developer Robin Linus, offering a whitepaper that aims to transform Bitcoin’s smart contract landscape.  Robin Linus’s whitepaper is now live In case you want to read the full document, you can access BitVM Whitepaper here. Expanding Bitcoin’s Smart Contract Horizons One of the notable features of BitVM is its ability to express Turing-complete Bitcoin contracts without requiring any modifications to the network’s consensus rules. Unlike…

In a recent tweet that sent ripples through the cryptocurrency community, Sandeep Nailwail, the co-founder of Polygon, announced a significant milestone. The eagerly awaited deployment of #POL Contracts on the Goerli testnet has finally become a reality, marking a crucial step forward in the evolution of the Polygon ecosystem. You might also be interested: Ethereum’s Failed Holesky Testnet Launch The Unveiling of POL Contracts Sandeep Nailwail’s tweet on October 4 created a buzz among Polygon enthusiasts. The deployment of POL Contracts on the Goerli testnet represents more than a technological achievement; it’s a pivotal moment bringing Polygon 2.0 closer to…

In a notable revelation at the CCData Digital Asset Summit, JPMorgan’s blockchain department head, Tyrone Lobban, shed light on the evolving priorities within finance. Contrary to the hype surrounding cryptocurrencies, JPMorgan is now placing more emphasis on asset tokenization. This shift in focus raises intriguing questions about the future of blockchain and traditional assets. The Blockchain Wave: Traditional Assets on the Blockchain The financial industry has been abuzz with discussions on integrating traditional assets onto the blockchain. Over the past year, it has become increasingly evident that major banks, brokerage firms, and asset managers are actively exploring opportunities presented by…

In a remarkable operation dubbed “Don’t Trust Anyone,” Binance, one of the world’s leading cryptocurrency exchanges, joined forces with the Cyber Crime Investigation Bureau (CCIB) of the Thai Police to uncover a criminal syndicate that had swindled thousands of individuals. These criminals operated by exploiting trust, leaving a trail of victims in their wake. The joint efforts of Binance and the Thai Police led to the seizure of assets totaling a staggering $277 million and the arrest of the culprits responsible. You might be interested: Q3 2023 Records $889.26M in Web3 Losses Preying on Trust: The Scammer’s Modus Operandi The…

In the ever-evolving landscape of cryptocurrency exchanges, competition can be fierce. However, a recent lawsuit has taken the rivalry between Binance and FTX to a new level. Allegations suggest that a tweet by Binance CEO Changpeng Zhao, commonly known as CZ, led to a significant crash in FTX’s native token, FTT.  Changpeng Zhao, Binance CEO The Coindesk Revelation The foundation of the lawsuit rests on a Coindesk report released on November 2nd, 2022, which shed light on Alameda’s financial health. The report revealed that a substantial portion of Alameda’s assets, totaling $14.6 billion, were tied up in unsecured FTT tokens.…

In a significant development for the cryptocurrency industry, Coinbase, the world’s largest publicly-listed crypto exchange, has been granted a full payments license by Singapore’s central bank. This achievement follows initial approval granted in October of the previous year, underscoring Singapore’s growing prominence as a hub for digital asset companies. Coinbase’s Licensing Milestone Singapore gives Coinbase a green light On Monday, Coinbase proudly announced that it had obtained a full payments license from Singapore’s central bank, the Monetary Authority of Singapore (MAS). This licensing marks a crucial milestone for the exchange, as it paves the way for Coinbase to offer transparent…

In a curious and contentious turn of events within the crypto-lending space, custodian Galaxy Digital has demanded that Celsius, a once-thriving crypto-lending service now facing bankruptcy, pay $190,000 for storing a mere $2.67 worth of tokens. This unexpected dispute has garnered attention within the cryptocurrency community, raising questions about the fairness and rationale behind such charges. You might also be interested: Binance VS CFTC Lawsuit Raises Concerns  The Background: Celsius’ Bankruptcy and Asset Withdrawal Celsius has another problem on the list, apart from bankruptcy Celsius, a crypto-lending service, found itself in dire financial straits, ultimately leading to a declaration of…

The world of Web3, marked by decentralized technologies and blockchain-based innovations, has recently come under scrutiny due to a concerning trend in security breaches. According to the Q3 2023 Global Web3 Security Report, compiled with statistics from the Beosin EagleEye platform, the total losses from hacks, phishing scams, and rug pulls in Web3 reached $889.26 million this quarter. This alarming figure signals a critical need for heightened security measures and a deeper understanding of the evolving risks in the Web3 landscape. You might also be interested: Binance Labs Fuels Helio Protocol with $10M Investment Major Attacks: A $540.16 Million Blow…

The cryptocurrency market is a realm of relentless innovation and exponential growth. Recent predictions by analysts, including those from Bernstein and IMARC Group, suggest that the crypto market’s capitalization could skyrocket to $4 trillion within the next five years. While this prediction is enticing, it’s essential to critically examine the factors and challenges that could influence the realization of such a monumental milestone. Find more predictions here. Breaking Down the Current Landscape As of the second quarter of 2023, the cryptocurrency market has achieved a significant milestone, surpassing the $1 trillion mark in market capitalization. This achievement is a testament…