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Sam Bankman-Fried was convicted last year. Here's how his trial came together.[/]
Indonesia Regulator OJK Says Crypto Products Must Be Evaluated in a Sandbox Before Licensing
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"This aligns with our spirit at OJK, particularly in consumer protection and education," Hasan Fawzi, the regulator's head of supervision for financial technology, digital financial assets and crypto, said at a media briefing on Tuesday. "We expect our regulatory mechanisms to directly impact the prevention of fraudulent investments."
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British Columbia Targets QuadrigaCX Co-Founder Michael Patryn With Unexplained Wealth Order
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The order was used to seize a safety deposit box at CIBC Bank as well as an account. The safety deposit box contained C$250,200 ($184,250) in cash, gold bars, two Rolex watches, a Chanel J12 Black Diamond watch, and other jewelry. A 45-caliber Ruger 1911 pistol with ammunition was also found in the box, as well as identity documents under the names of Omar Dhanani and Omar Patryn, the Order says.
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MyShell, Blockchain Platform For Building 'AI Girlfriends' and Productivity Apps, Raises $11M
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MyShell uses blockchains to let creators earn a profit for building AI apps and Her-like companions.[/]
Layer-2 Blockchain Mantle’s Token MNT Hits All-Time High as Reward System Goes Live
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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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The Munchables Hack Is Way Worse Than It Seems
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After an hour of negotiations led by Munchables, along with independent blockchain investigator ZachXBT and security firm PeckShield, Werewolves0943 was convinced to return all the funds. “The Munchables developer has shared all private keys involved to assist in recovering the user funds. Specifically, the key which holds $62,535,441.24 USD, the key which holds 73 WETH, and the owner key which contains the rest of the funds,” the Munchables’ team posted at 4:40 a.m. UTC.
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Crypto Stocks Like MicroStrategy (MSTR), Coinbase (COIN) Could Shoot Up if Short Sellers Exit
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"These crypto related stocks are extremely crowded and very squeezable relative to the U.S. market, with an average Crowded score of 57.34 versus the street average of 32.41 and an average Squeeze score of 78.69 versus the street average of 34.41," the report said, adding that "MSTR, COIN and CLSK are the most squeezable names in the sector."
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Meme Coins (and Pepe’s Best Friend) Swarm Coinbase Layer 2 Chain
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It's not something we have historically written a lot about – bridging yields. But a new report from the crypto investment firm Exponential.fi included a chart on these yields, and it caught our eye because they've been rising fast recently, pushing above 15%. Co-founder Mehdi Lebbar attributes the rising yields to higher demand from users, in part a reflection of the trend toward greater interoperability between blockchains, along with the proliferation of layer-2 and layer-3 networks. "As the DeFi ecosystem extends across networks, third-party bridging protocols like Across and Synapse are reaping higher fees," the report reads. These yields are paid out to liquidity providers who supply the bridges with cryptocurrencies, according to Lebbar: "The bridge allows transfers of bitcoins across chains, and people pay commissions on that. Commissions are reversed by the bridge/protocol to liquidity providers." Asked if the higher yields might reflect increased risk, Lebbar said: "The increased yield would reflect 'protocol risk' if we were in a mature, highly efficient market, but that’s not the case for bridging."
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What Binance’s Exit From Nigeria Means for P2P Bitcoin
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Bitcoin gives those entrepreneurs the opportunity to show what they can do when markets are free and money is allowed to flow. All they need to grow is a level playing field. They just need a shot, a path towards success, a window of opportunity. Our next step is to make it easier for other entrepreneurs to take their business to the next level. Despite the withdrawal of Binance Nigeria, tons of opportunities remain. The battles we have to fight might be tough, but the opportunities on the fastest growing continent on the planet are worth it.
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