New Crypto VC Firm Credibly Neutral Raises $5.5M
[May 3, 2023 7:00 AM] The developer-led firm received funds from the founders of the Polygon and Solana blockchains, among others.
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Post-Shapella Hard Fork: Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump
[Apr 19, 2023 1:00 AM] It has been a week since Ethereum’s Shapella hard fork, and statistics indicate that ethereum deposits on April 18 have exceeded withdrawals for the first time since the upgrade. At present, 929,999 ether worth $1.94 billion is pending…
Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud
[Apr 16, 2023 1:30 AM] On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more…
Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12
Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered
[Apr 9, 2023 9:30 PM] According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the…
Pheu Thai Candidate Promises Digital Currency Airdrop of $300 to Every Citizen in Thailand if Elected
[Apr 7, 2023 4:30 PM] A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a…
Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador
[Apr 7, 2023 3:00 PM] According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the…
Chinese State-Owned Company Launches 2 Crypto Funds in Hong Kong
[Apr 6, 2023 2:30 AM] One of China’s leading insurers has backed the establishment of two crypto investment funds in Hong Kong. The business move comes against the backdrop of the region’s ambitions to become a hub for digital assets, and despite the negative regulatory…
P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return
[Apr 4, 2023 3:30 PM] According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key…
Most Crypto Sent From Wallets Sponsoring Russia in Ukraine War Reaches CEXs, Binance, Research Shows
[Mar 30, 2023 3:30 PM] Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian…
FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense
[Mar 29, 2023 4:00 PM] According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that…
NFT Investor Animoca Brands Cuts Target for Metaverse Fund to $800M: Reuters
[Mar 24, 2023 5:59 AM] When Animoca initially unveiled its plans for the fund last November, its target was $2 billion. This was then cut in half to $1 billion in January.
Seed Club Ventures Emerges With $25M to Back DAOs
[Mar 21, 2023 9:52 AM] The investor collective, also organized as a DAO, includes noted crypto firms Multicoin Capital, Delphi Digital and Dragonfly.
Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen
[Mar 18, 2023 11:30 PM] General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based…
21Shares Closes 6 Crypto Exchange-Traded Products
[Mar 16, 2023 1:44 PM] The provider of crypto exchange-traded products (ETPs), however, told CoinDesk it had its second-strongest January on record overall.
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
[Mar 12, 2023 6:05 PM] On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the…
Crypto Exchange Bitzlato Restores Access to User Funds
[Mar 3, 2023 6:30 AM] Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging…
Ukraine Raises More Crypto Than Russia in Year of War, Analysis Unveils
[Feb 26, 2023 4:00 PM] The two sides in the bitter conflict in Ukraine have been relying on crypto assets and technology to support their military and humanitarian activities, Elliptic says in a report. According to the blockchain forensics company, the targeted nation…
Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks
[Feb 16, 2023 3:00 AM] Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large…
Hackers Attack Domain Registrar Namecheap; Flood of DHL and Metamask Phishing Emails Follow
[Feb 13, 2023 8:00 AM] On Sunday, Feb. 12, 2023, the domain registrar Namecheap’s email account was compromised by hackers. Subsequently, a large number of individuals received phishing emails claiming to be from Metamask and DHL. These emails originated from the…
Makerdao Co-Founder Proposes $14 Million Fund to Combat Climate Change; Crypto Supporters Mock Idea
[Feb 7, 2023 3:30 AM] Cryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinformation about energy solutions. Christensen is…
UK's FCA hints at why its given only 15% of crypto firms the regulatory nod
[Jan 26, 2023 8:06 PM] The UK financial watchdog has received 300 crypto firm registration applications but has approved only 41 applicants.
Onchain Researchers Discover $63M in Ethereum From Harmony Bridge Attack Moved, Hackers Attempt to Launder Funds on Major Exchanges
[Jan 16, 2023 9:00 AM] On Jan. 15, 2023, onchain researchers discovered that funds stolen during the Harmony bridge attack had been moved. The suspected thieves, who are allegedly associated with the North Korean hacking syndicate Lazarus Group, moved 41,000 ethereum…
Disgraced FTX Co-Founder Awaits Trial, Passes Time Playing Video Games and Blogging on His New Substack Newsletter
Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation
[Jan 5, 2023 11:30 AM] According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor…
Former FTX CEO Sam Bankman-Fried Pleads Not Guilty to Criminal Charges, Bond Signees’ Names Remain Sealed
[Jan 4, 2023 9:30 AM] On Jan. 3, 2023, the former FTX CEO Sam Bankman-Fried (SBF) pleaded not guilty to eight criminal charges that involve two counts of wire fraud and six counts of conspiracy. In addition to the not guilty plea, SBF’s judge Lewis Kaplan granted the…
Brazilian Securities Commission CVM Opens a Path for Funds to Invest in Crypto
[Dec 26, 2022 4:30 AM] The Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments. The institution issued a new set of rules that allows financial investment funds to invest in cryptocurrency tokens with the…
Bankruptcy judge orders $44M in crypto to be returned to Celsius customers
[Dec 7, 2022 9:21 PM] The funds are made up crypto held within custody accounts on Celsius that had not been transferred from earn accounts.
Getting funds out of FTX could take years or even decades: Lawyers
[Nov 20, 2022 5:53 PM] The complexities that come with digital assets, cross-border insolvency and competing jurisdictions could add years to the timeline.
FTX bankruptcy freezes millions worth of crypto company funds
[Nov 15, 2022 6:29 PM] Galois Capital, New Huo Technology, and Nestcoin are just some of the crypto firms with funds stuck on FTX as the exchange undertakes bankruptcy filings in the United States.