DeFi security losses rose 47.4% in 2022 to hit $3.64B: Report
Over $1.40 billion worth of stolen DeFi funds was reportedly laundered via Tornado Cash during that period. According to a...
Month: January 2023
US senator behind efforts to pass major crypto bill won’t seek re-election
Senator Debbie Stabenow was one of the lawmakers behind introducing the Digital Commodities Consumer Protection Act in August. Michigan Senator...
Three Arrows Capital Founders Served Subpoenas via Twitter in Bankruptcy Process
The founders of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC) have been served subpoenas by the fund’s liquidators...
New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud
On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against Alex Mashinsky,...
Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation
According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously...
Biggest Movers: DOGE, SHIB Surge to Multi-Week Highs on Thursday
Dogecoin raced to a multi-week high on Jan. 5, as meme coins rose higher following recent days of consolidation. The...
Crypto lender Genesis lays off 30% more staff: Report
Genesis announced in August that it planned to cut its then 260-person workforce by 20%, with CEO Michael Moro moving...
US authorities to intensify scrutiny of crypto industry in 2023
The SEC, FASB, and IRS are working to tighten crypto regulations and expand industry oversight. Fourteen years after Bitcoin's Genesis...
Quantum computers may soon breach blockchain cryptography: Report
Cryptography experts are somewhat skeptical of the technique's scalability, but aren't ruling out the possibility of success either. According to...
ECB official urges CBDC development for the good of cryptocurrency and consumers
ECB board member Fabio Panetta has woven his enthusiasm for blockchain technology and skepticism of cryptocurrency into an argument that...
Silvergate sold assets at loss and cut staff to cover $8.1B in withdrawals: Report
Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees.
Three Arrows Capital founders subpoenaed on Twitter
3AC founders Zhu Su and Kyle Davies have been ordered to provide all documents in their possession or control, regardless...
Redeeming physical NFTs: Easier said than done?
A number of challenges must be overcome in order for “phygital” NFT projects to gain traction. Despite the crypto winter,...
Alex Mashinsky sued by NY AG for allegedly hiding Celsius’ ‘dire financial condition’
Alex Mashinsky’s actions leading up to Celsius declaring bankruptcy allegedly contributed to investor losses by misrepresenting the platform’s financial condition....
