Nishad Singh was sentenced to time served and three years supervised release Nishad Singh, a former engineering director at failed cryptocurrency exchange FTX, avoided prison time following a plea deal, receiving a sentence of time served and three years of supervised release. The sentence, announced by Judge Lewis Kaplan in the Southern District of New
Visa debit card users in the US and EU can now buy crypto more easily Coinbase and Visa have teamed up to make cryptocurrency transactions more accessible, allowing users with eligible Visa debit cards to instantly deposit and withdraw funds on the Coinbase platform. This collaboration is designed for US and EU customers, enabling them
This is the first crypto-related sponsorship to appear after the FTX debacle Coinbase has announced a recent sponsorship of the NBA’s Golden State Warriors, marking a significant move as crypto sponsorships in sports rebound following the collapse of FTX. This new deal fills a notable void left after FTX’s partnership with the Warriors ended in
The bankrupt crypto exchange will be able to recover some of the funds it needs to pay creditors The FTX bankruptcy estate has reached a $228 million settlement with the Bybit cryptocurrency exchange, marking a step forward in efforts to recover assets for creditors affected by the exchange’s collapse. This agreement, filed on October 24,
Some of the cryptocurrency had been recovered from various thefts and fraud schemes Arkham Intelligence recently reported a significant security breach involving a government-controlled cryptocurrency wallet, with a hacker seizing nearly $13 million. The wallet in question held assets the US government had previously recovered from the 2016 Bitfinex hack. In that hack, a staggering
The realization could put the blockchain ecosystem at risk of being compromised Recent investigations have raised concerns about potential North Korean involvement in the development of a key component of the Cosmos blockchain ecosystem. It has been suggested that North Korean developers may have contributed to the Liquid Staking Module (LSM) within Cosmos, sparking fears
Azura wants to make it easier for DeFI solutions to thrive Azura, a new decentralized finance (DeFi) platform backed by prominent crypto founders, has officially launched, intending to simplify the DeFi ecosystem for users. Debuting yesterday, the platform, which describes itself as an “onchain interfacing layer,” seeks to address one of the biggest hurdles in
The firm is demanding answers about why the government is suppressing cryptocurrencies Coinbase has taken steps to push for more transparency regarding the US government’s stance on cryptocurrency. The company filed two Freedom of Information Act (FOIA) requests aimed at uncovering how regulators are managing digital assets, particularly in the banking sector. Paul Grewal, Coinbase’s
The payment processing company shows its optimism for the future or cryptocurrency Stripe, the payment processing giant, has made a leap in the crypto space by acquiring the stablecoin platform Bridge in a deal reportedly worth $1.1 billion. This acquisition marks one of the largest in crypto history and is Stripe’s biggest purchase to date,
Eric Council Jr faces up to five years in federal prison for his actions A 25-year-old man from Alabama, Eric Council Jr., was arrested for allegedly hacking into the US Securities and Exchange Commission’s (SEC) X account in January, where he falsely promoted Bitcoin. According to the US Department of Justice, Council used the compromised
The company was trying to help those who suffered from the Radiant Capital hack A crypto security firm, Ancilia, faced backlash after accidentally sharing a harmful link leading to a wallet-draining app. The incident occurred in the aftermath of a $52 million exploit on Radiant Capital, a lending protocol, yesterday. The hack left users scrambling
PancakeSwapX targets a new era of cryptocurrency trading PancakeSwap has introduced a new trading product called PancakeSwapX, aimed at enhancing the decentralized finance (DeFi) experience by making crypto trading easier and more cost-effective. The new feature allows users to execute zero-fee transfers and gasless swaps on the Ethereum and Arbitrum networks. By eliminating gas fees,
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