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Binance product lead Mayur Kamat says he is passing the baton to “next-gen leaders” to take some time off after years of product work.

Binance head of product quits as executive exodus continues

Cryptocurrency exchange Binance continues to lose some of its key executives amid increasing scrutiny of the platform from regulators around the world. Binance head of product Mayur Ka...

1 year ago

The FTX founder has filed a memorandum asking the court to deny recent requests filed by the Department of Justice, calling them “unworkable.”

Sam Bankman-Fried files memo asking court to block prosecutor evidence

Sam Bankman-Fried, the founder and former CEO of defunct cryptocurrency exchange FTX, filed a memorandum on Sep. 1 asking the court to deny the prosecutor’s in limine

1 year ago

The online crypto casino reported unauthorized transactions from its hot wallets on Sept. 4 with blockchain security firms estimating at least $41 million pilfered from hackers.

Crypto casino Stake reopens withdrawals just 5 hours after $41M hack

Crypto betting platform Stake has reopened deposits and withdrawals and resumed services for users only five hours after the platform was hacked to the tune of $41.3 million, blockchain security...

1 year ago

Ethereum co-founder Vitalik Buterin says node centralization is one of Ethereum’s main challenges, but the perfect solution may not come for another 20 years.

Vitalik Buterin on fix for Ethereum centralization — make running nodes easier

The centralization of nodes is one of the biggest problems facing the Ethereum network and should be addressed by making the running of nodes cheaper and easier, according to Ethereum co-founder...

1 year ago

Cyvers' platform describes the exploit as being related to a "private key leak."

Crypto Casino Stake Targeted in Reported $40M Exploit

Cryptocurrency casino Stake appears to have been targeted by a exploit, with on-chain analyst Cyvers reporting that $16 million has been withdrawn on the Ethereum network following a &...

1 year ago

Crypto scams

Crypto Scams on Rise in Portugal as Two Investors Lose Over $312k

Two Portuguese citizens have lost over $312,000 to crypto scammers, with police claiming that more people are falling victim to crypto fraudsters. Per CM-TV, the tw...

1 year ago

'High Cost, Low Speed' Cross-Border Payments

RBI Governor Touts CBDC as Solution to 'High Cost, Low Speed' Cross-Border Payments

Reserve Bank of India’s (RBI) Governor Shaktikanta Das has touted Central Bank Digital Currencies (CBDCs) as a solution to 'high cost, low speed' cross-border payments. ...

1 year ago

There Has Been A Noticeable Increase In The Number Of Cryptocurrency Users In Turkey

Turkey Sees Increased Crypto Adoption Amidst Inflation Concern

Turkey has witnessed a notable surge in cryptocurrency adoption, with the number of crypto users in the country rising from 40 percent to 52 percent over the past year and a half. The ...

1 year ago

The purchase of the 55 million Robinhood shares had been expected following approval from the company’s board and a U.S. district court.

Robinhood bought back Sam Bankman-Fried’s stake from US gov’t for $606M

Cryptocurrency and stock trading platform Robinhood has announced the purchase of more than 55 million shares of the firm previously held by former FTX CEO Sam Bankman-Fried, also known as ...

1 year ago

Gala co-founder Eric Schiermeyer allegedly enriched himself, says his founding peer Wright Thurston, while Schiermeyer says Thurston stole millions.

Gala Games founders biff over $130M theft, corporate waste allegations

The co-founders of blockchain gaming platform Gala Games have locked horns in court over two separate lawsuits, one alleging the theft of $130 million worth of Gala and the other alle...

1 year ago