United States Attorney Damian Williams said the office is working “around the clock” to respond to the implosion of FTX. The United States Attorney’s Office for the Southern District of New York (SDNY) has formed an FTX Task Force to “trace and recover” missing customer funds, as well as handle investigations and prosecutions related to...Continue Reading

Core Scientific estimates that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700. Bankrupt cryptocurrency lender Celsius Network has agreed to let Bitcoin (BTC) miner Core Scientific shut off more than 37,000 mining rigs it had been hosting for Celsius during the miner’s bankruptcy...Continue Reading

HashEx CEO Dmitry Mishunin summarizes Web3 as read, write, own — a “crazy responsibility” for the end-user. Hacking in Web3 is easy because it uses the same pattern that’s been used since the inception of the internet — pretending to be someone else.  Due to the complexity and the “cool factor” of Web3 projects, one...Continue Reading

While the crypto market in 2022 was hit by a slew of insolvencies and daily volatility, adoption seems to have continued apace on the global level. It’s no secret that the crypto market was gripped by bearish pressure for the entirety of 2022. However, amid all the volatility and chaos, many positive news stories appeared...Continue Reading

Support for cryptocurrency regulation in the United States is “bipartisan & bicameral” according to Ripple CEO Brad Garlinghouse. Ripple’s CEO, Brad Garlinghouse, shared in a Jan. 3 Twitter thread he’s “cautiously optimistic” about the United States gaining “breakthrough” regulatory clarity for the cryptocurrency industry in 2023. To mark the first day of the 118th Congress,...Continue Reading

The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts to contain those risks. United States federal bank regulatory agencies started off the new year with a statement on crypto assets looking back at the...Continue Reading