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Bloomberg ranked the former Binance CEO as the 35th wealthiest person on the planet, ahead of Citadel CEO Ken Griffin and behind Uniqlo CEO Tadashi Yanai.

Amid legal troubles, Changpeng Zhao’s wealth increased by $25B in 2023

Former Binance CEO Changpeng “CZ” Zhao reportedly added roughly $25 billion to his net worth since December 2022. According to the Bloomberg Billionaires Index as...

9 months ago

The firm said it's priorities now are to keep KyberSwap’s Aggregator and Limit Order functions up and running and to reimburse impacted customers.

Kyber Network axes workforce by 50% one month after $49M exploit

The team behind decentralized finance protocol KyberSwap has “regrettably” cut its workforce by 50% to keep the firm’s business operations up and running following its $48.8 mi...

9 months ago

Crypto investors will have to keep their eyes peeled for sophisticated phishing scams and a plethora of smart contract vulnerabilities next year, according to blockchain security firms.

Crypto thieves will deploy more convincing AI scams in 2024, firms warn

AI-powered phishing scams, BRC-20 exploits, and new smart contract vulnerabilities are among the biggest threats that crypto projects and investors will likely face in 2024, according to blockch...

9 months ago

Grayscale has “finally surrendered” to cash creations in its amended filing to convert GBTC into a spot Bitcoin ETF.

Grayscale refiles Bitcoin ETF application as Barry Silbert departs

Crypto asset manager Grayscale lodged an amended S-3 filing with the United States securities regulator on the same day Barry Silbert — the CEO of its parent company Digital Currency Group...

9 months ago

The country’s personnel management ministry said that it will have some 5,800 officials disclose details of their cryptocurrency holdings.

South Korea to disclose top public officials’ crypto holdings next year

South Korea will have its high-ranking public officials disclose crypto holdings starting next year, the country's personnel ministry said. The Ministry of Personnel Management&nbs...

9 months ago

The criteria for obtaining an HKMA license will include full backing of all circulating stablecoins with reserves “at least equal to the par value.”

Hong Kong to oblige stablecoin issuers to obtain license — consultation paper

Hong Kong has proposed it will accept and regulate fiat-referenced stablecoins (FRS), but issuers will be obliged to obtain a specific local license. This is one of the main points of ...

9 months ago

Grayscale Bitcoin ETF Adopts Cash Redemption

Grayscale Submits Bitcoin ETF Filing with SEC to Adopt Cash Redemption Model

Grayscale has submitted an updated filing to the Securities and Exchange Commission, paving the way for its GBTC to transition into a spot Bitcoin exchange-traded fund (ETF) with the a...

9 months ago

Building for the future

KyberSwap’s CEO Says Staff Strength Reduced by 50% Following Exploit and Related Challenges

KyberSwap’s CEO Victor Tran says the company has reduced its staff by 50% following a $48 million exploit last month stressing on keeping operations running and compensating all affected u...

9 months ago

The founders behind Manifold Trading and Rug Radio have confirmed they were recently targeted in SIM-swap attacks.

SIM swappers hit Manifold Trading, Rug Radio founders ahead of holidays

SIM-swap attacks have ramped up in the week leading to Christmas, with the founders of Manifold Trading, Rug Radio and other crypto influencers being hit with attacks in the last 48 hours &mdash...

9 months ago

The New York Department of Financial Services (DFS) has approved Paxos' expansion to the Solana blockchain.

Paxos gets NY green light to join Solana blockchain

Stablecoin issuer Paxos has reportedly received regulatory approval from the New York Department of Financial Services (DFS) to launch its products on the Solana blockchain. To d...

9 months ago