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FTX sam bankman-fried - Binance

The FTX loss erodes faith in the crypto community

On Tuesday, the cryptocurrency market went down because there were rumors that cryptocurrency exchange FTX might go bankrupt and questions about the health of its sister company, Alameda Research.When Binance founder Changpeng Zhao announced over the weekend that the business would liquidate its $FTT holdings, investor confidence was rattled.Multiple on-chain data sources show that clients of FTX, the third largest crypto exchange by …
Brazil's Nubank will launch its own cryptocurrency at Polygon

Brazil’s Nubank will launch its own cryptocurrency on Polygon

Nubank, the biggest digital bank in Brazil, is ready to launch a new loyalty program based on cryptocurrency for its more than 65 million members in Latin America.The bank, which has locations in Mexico, Colombia, and Brazil, announced on Wednesday that it wants to make its own digital currency. Several news organizations have quoted a statement saying that the project is part of a new loyalty program that Nubank plans to start in the nex…
bnb coin

Binance burns the BNB tokens the recent hacking minted

Last week, someone broke into the BNB Chain Bridge and used fake withdrawal proofs to get exactly 2,000,000 BNB. At the time, the net value of the stolen BNB was around $566 million. Now that Binance has finished its twenty-first quarterly burn of BNB tokens, the losses from last week’s bridge attack have been made up for. When BSC chain validators stopped the network because of the attack, the hacker lost most of these coins. T…
Tether swaps CP for US Treasuries

Tether swaps CP for US Treasuries

Tether, the company behind USDT, the most valuable stablecoin on the crypto market at $69 billion, has sold all of its commercial paper.The bulk of the company’s reserve assets are now invested in U.S. Treasury Bills. T-Bills are Treasury-backed, short-term U.S. government debt obligations having maturities of one year or less.USDT Assets – TetherThe popular cryptocurrency tied to the U.S. dollar said that the move is part of its …
BNY Mellon

BNY Mellon launches a crypto custody service

The oldest bank in the United States is starting to offer services for digital currency to its clients.BNY Mellon, which has been around since 1784, is making a cryptocurrency custody service that will let customers keep Bitcoin assets and other investments on the same platform. On Tuesday, the bank issued a press statement introducing its new platform, Digital Asset Custody.The offering is a response to the growing interest in the ne…
counter strike - bitcoin

You can win Bitcoin by playing Counter-Strike

Bitcoin company ZEBEDEE has launched the first CS:GO servers with its Infuse technology, which allows players to earn Bitcoin based on in-game performance.Simon Cowell, co-founder, and CEO of ZEBEDEE, says the news is making waves in gaming circles.“Our Bitcoin integration with CS:GO has connected with players as I’ve never seen in blockchain games,” Cowell told Decrypt. Waitlist signups are enough to fill our first 10 servers, so we’…
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justice ripple sec

SEC and Ripple want the court to decide their issue quickly

In an attempt to avoid a full trial, both the SEC and Ripple Labs filed for summary judgment over the weekend, contending that the court already has sufficient information to determine whether or not Ripple’s XRP sales violated the law.The SEC filed a complaint against Ripple and two of its executives almost two years ago. With the next court date set for 18 October, it’s feasible that all the antagonism, document conflicts, and Howey Tes…
Illustration of Do Kwon behind bars

South Korea urges Interpol to stop Terra creator from avoiding extradition

South Korean police have requested a red alert from Interpol to prevent crypto entrepreneur Do Kwon from evading extradition, days after the Terra creator denied being “on the run” in a tweet.Kwon was the creator of the Terra/Luna cryptocurrency platform, an effort to create a system with comparable scalability to Ethereum. In the spring of 2022, however, Kwon’s attempts to create an “algorithmic stablecoin” that would maintain its value …
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ethereum - centralization - sell-off 1

5 entities own 64% of staked ETH; ETH sell-off

A study from Nansen reveals that 5 organizations possess 64% of staked Ether (ETH) ahead of Ethereum’s Merge with the Beacon Chain.Also, Nansen determined that more than 70% of staked ETH is worth less than when bought. They published a research addressing one of the main anxieties highlighted by Ethereum’s Merge: that a large number of “stakers” may sell out ether (ETH) if given the opportunity.CentralizationFive entities hold ov…
Binance zero-knowledge-proof scaling zkBNB

BNB Chain announces zero-knowledge scaling technology

Binance’s main BNB chain has announced the release of its zero-knowledge-proof scaling technology, zkBNB. As a precautionary measure to ensure scalability, zkBNB was released on the BNB Chain testnet on September 2nd, far ahead of its official launch in November.According to BNB Chain, zkBNB will improve both the user experience and scalability metrics like transactions per second.Vitalik Buterin, Ethereum’s creator, emphasiz…
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