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Ex-Alameda CEO Caroline Ellison Receives 24-Month Sentence

[Sep 24 8:05 PM] On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the…

Stepn Partners With Adidas for Genesis Sneakers NFT Launch

[Sep 24 9:30 AM] Stepn, the Web3 move-to-earn app, has announced a new partnership with Adidas, the German sports apparel company, to issue a second Genesis Sneakers collection. Stepn qualified this new partnership as a milestone for the adoption of its Stepn Go…

Bank of Canada Redirects Efforts Away From Retail CBDC

[Sep 23 8:45 PM] The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which…

Microstrategy Acquires 7,420 Bitcoin, Firm Now Holds 252,220 BTC

[Sep 20 2:03 PM] Microstrategy, led by Michael Saylor, has just completed a billion-dollar private offering before acquiring 7,420 bitcoin for approximately $458.2 million at an average price of $61,750 per coin. The company now holds 252,220 bitcoin, purchased for…

Crypto.com Gets Bahrain License, Amber Group Approved in Dubai

[Sep 20 7:30 AM] Crypto.com has secured a payment service provider (PSP) license from the Central Bank of Bahrain (CBB). This license allows the crypto exchange to offer e-money and fiat-based payment services, including its prepaid cards, in the region. The…

US Lawmaker Urges Release of Jailed Binance Employee

[Sep 19 9:30 AM] A U.S. lawmaker is calling for the release of a detained Binance executive in Nigeria. Representative James Hill believes the executive, Tigran Gambaryan, has significantly contributed to combating cybercrime in the U.S. and should not be…

Bitgo to Launch USDS Stablecoin in January 2025

[Sep 18 4:12 PM] Bitgo plans to launch its new stablecoin, USDS, in January 2025, offering a unique model that rewards liquidity providers. The announcement was made by Bitgo CEO Mike Belshe during an interview with Coindesk at the Token2049 event in Singapore. The…

USDT Reaches $1 Billion Authorized Issuance on TON

[Sep 17 9:15 AM] Tether’s USDT, the number one stablecoin by market cap, is growing as part of the TON ecosystem. According to the TON team, the stablecoin reached a milestone recently, registering authorized issuance numbers exceeding $1 billion. However…

Defi Platform Delta Prime Loses $4.9 Million in Hack

[Sep 16 1:20 PM] According to Cyvers, Delta Prime, the decentralized finance (defi) platform, lost just over $5.9 million after a hacker took control of a private key on Sept. 16. Detailing the incident, Meir Dolev, the CTO of Cyvers, said the hacker initiated the…

Argentine Exchange Ripio Announces Defi Credit Card

[Sep 16 7:50 AM] Ripio, a leading Argentine exchange, has announced that it has created a Visa-backed decentralized finance (defi) credit card allowing users to put crypto in a liquidity pool as collateral for purchases. The card, currently in the testing phases…

HTX Integrates Lightning Network for Faster Bitcoin Payments

[Sep 15 9:30 AM] HTX has announced the integration of Bitcoin’s Lightning Network, a second-layer payments protocol designed to facilitate faster and cheaper transactions. This move aims to enhance the efficiency of Bitcoin payments and withdrawals on the platform…