Sam Bankman-Fried has lost his appeal against his fraud conviction and 25-year prison sentence for the collapse of FTX. A US appeals court upheld the jury's decision, rejecting his defense that he believed FTX had sufficient funds.
Binance revealed a revenue-sharing agreement with Alpaca, a provider of tokenized US stock and ETF infrastructure. Binance will receive 50% of Alpaca's PFOF fees and 65% of stock lending profits.
The US has imposed sanctions on Nobitex, Iran's largest cryptocurrency exchange, and its executives, accusing them of helping the Iranian government bypass Western restrictions. The move, dubbed 'Economic Fury,' aims to increase economic pressure on Tehran amid ongoing conflicts.
About 30.2% of Bitcoin (6.04 million coins) has exposed public keys, with crypto exchanges holding a significant portion. This operational risk, due to poor wallet management, is measurable now, unlike the distant threat of quantum computers.
Tech giants like Meta, Amazon, Block, and Coinbase are cutting middle management layers, citing AI-driven efficiency. This shift increases manager responsibilities, potentially complicating decision-making and reducing human interaction benefits.
A cooling issue at an Amazon Web Services data center in Northern Virginia caused widespread service disruptions. Cryptocurrency exchange Coinbase and derivatives giant CME Group were among the affected. AWS confirmed increased temperatures in a single data center impacted services. Efforts to restore cooling capacity led to extended outages for some customers. The primary issue is now resolved.
Changelly, a leading instant cryptocurrency exchange and trusted blockchain API provider, is marking its 11th anniversary with a new company milestone.
A former senior manager at a major Chinese cryptocurrency exchange has been acquitted by a Hong Kong court of secretly moving five million Tether, with a market value of about HK$39 million (US$5 million), to his own accounts six years ago. A seven-member High Court jury reached the verdict on Friday to find Chen Boliang, who used to work at cryptocurrency firm Huobi – now known as HTX – not guilty of accessing its platform to trade in the dark pool under an individual account he created with an...
A former senior manager at Huobi (now HTX) has been acquitted by a Hong Kong court of secretly moving about US$5 million in Tether stablecoins to his own accounts in 2020. A seven-member High Court jury reached a majority verdict on Friday, finding insufficient evidence to prove the defendant controlled an account registered under the alias "Chen Feng". The prosecution alleged Chen Boliang used the alias account and three company accounts to trade in the dark pool between February 27 and March 14, 2020.
