Category: Crypto News
FTX paid $12M retainer to a New York law firm before bankruptcy filing
Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bank [...]
Public Bitcoin mining companies plagued with $4B of collective debt
The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall heal [...]
Judge pulls out of SBF-FTX case citing husband’s law firm’s advisory link
The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams withdrew her participation [...]
The heroes and villains of 2022
From an outside perspective, 2022 has been a rollercoaster ride for crypto. The market reached a total valuation of $3 trillion during the bull market [...]
Economic frailty could soon give Bitcoin a new role in global trade
The chaos we’ve experienced in global markets this year — global geopolitical upheaval magnified by the confluence of broken supply chains, inflation [...]
2 executives of crypto exchange AAX arrested in Hong Kong: Report
Hong Kong police arrested two executives of the crypto exchange AAX accused of fraud and misleading the police, according to local media reports. The [...]
U.S. delays crypto tax reporting rules, as it still can’t define what a ‘broker’ is
A key set of crypto tax reporting rules is being delayed until further notice under a decision made by the United States Treasury Department. The rule [...]
Crypto Markets Today: Bitcoin Ends Penultimate Week of (Awful) 2022 on Quiet Note
A year of steep declines in crypto markets brought another unwanted element – a dramatic increase in scams including “rug pulls.”
www.coindesk.com [...]
Bridge attacks will still pose major challenge for DeFi in 2023: Security experts
Security has been a critical challenge for decentralized finance (DeFi) and its evolution. Between 2020 and 2022, hackers stole over $2.5 billion thro [...]
Blockware Customer Accuses Bitcoin Mining Firm of Fraud
The case, filed in U.S. federal court in the Northern District of Illinois on Dec. 17, centers around an allegation that Blockware sold Faes & Co. [...]
Crypto Analysts See Yellow Flag in US Exchanges’ Refusal to List Binance’s BNB Token
A representative for Coinbase, which also has not listed BNB, told CoinDesk, "If we haven’t listed a popular asset yet, it is likely due to various re [...]
LastPass attacker stole password vault data, showing Web2’s limitations
Password management service LastPass was hacked in August 2022, and the attacker stole users’ encrypted passwords, according to a Dec. 23 statement fr [...]
Brazil’s Securities Regulator Allows Investment Funds to Invest in Crypto
Assets will have to comply with current regulations approved this week by the country’s outgoing President Jair Bolsonaro.
www.coindesk.com [...]
Web3 projects would rather get hacked than pay bounty: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant deve [...]
Greed, Lies and FTX: Is Crypto a Force for Good or Evil?
Despite the headlines, the industry still has a lot to offer the world, says the Giving Block's Pat Duffy.
www.coindesk.com [...]