United States authorities turn focus toward missing former FTX executive
United States law enforcement agencies are investigating Nishad Singh’s role in the collapse of FTX The SEC, CFTC, and SDNY are all looking into his activities at the exchange Singh was the Director of Engineering of FTX and had the code to transfer FTX funds The United States law enforcement authorities have finally opened an […]
France’s top bank official calls for mandatory crypto licensing rules
The governor of France’s central bank has advocated for stricter crypto licensing requirements, Bloomberg News reported Jan. 5. Bank of France governor Francois Villeroy de Galhau told Paris’ financial sector this week that France should enact regulations sooner rather than later. Villeroy de Galhau said during a speech: All the disorder in 2022 feeds a […]
Fantom developers to receive up to 15% as revenue from gas monetization
Layer 1 blockchain Fantom has received governance approval to allocate up to 15% of its transaction fees as revenue for developers building on the network. Currently, about 70% of transaction fees generated on the Fantom network are paid as revenue to validators, while 20% of the fees are burnt forever. In efforts to incentivize developers, […]
3AC Founders Kyle Davies and Su Zhu Tagged in Tweet Delivering Court Subpoena
After keeping a relatively low profile, the collapse of FTX brought the Three Arrows Capital cofounders back into the public eye.
US authorities are turning their attention to FTX’s Nishad Singh: Report
FTX’s bankruptcy filings show a $543 million loan to former engineering director Nishad Singh, who was reportedly a part of the secret ‘wirefraud’ chat group.
Mutant Ape Planet NFTs creator arrested and charged with fraud over $2.9m exit scam
A developer of the Mutant Ape Planet non-fungible token (NFT) collection has been arrested in New York on fraud charges.
Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process
The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators via Twitter. While serving subpoenas on Twitter is rare, it has happened on various occasions in the past, including when WikiLeaks was served on Twitter in 2018. Founders of Defunct Crypto Hedge Fund Contacted Electronically […]
Ethereum: Despite the current drawback, can whales help ETH soar?
Deep-pocket investors renewed their interest in ETH as the coin hit its highest value in three weeks. Buyers from the last few weeks were in slight profits, but on-chain data suggested a possible decrease in the coming days. Whales interested in topping up their Ethereum [ETH] holdings resumed their activities, according to a 4 January […]
Lido temporarily tops DeFi with the most TVL
On Jan.4th, Lido, a top staking network, led as the DeFi application with the highest total value locked, according to recent market analysis.