Crypto exchange FTX was hacked for over $400 million just hours after filing for bankruptcy in 2022. Many initially believed it was an inside job. The $400 million hack of FTX in the hours after its bankruptcy has been linked to three people charged last month by United States prosecutors, alleging they conducted a series...Continue Reading

Bitcoin Virtual Machine, SatoshiVM, Spiderchain and BitVM are among those that recently emerged with the aim of expanding the functionality of Bitcoin. Bitcoin (BTC) can only “stand a chance” at mass adoption if it opens up to the $57 billion world of decentralized finance (DeFi), according to developers of Bitcoin layer-2 networks. While Bitcoin holds...Continue Reading

Crypto bankruptcy claims and trading platform Open Exchange has urged users to settle all positions by Feb. 7 and withdraw by Feb. 14. Crypto bankruptcy claims platform OPNX — launched by the co-founders of failed hedge fund Three Arrows Capital — has announced that it will officially cease all operations and shut down by Feb....Continue Reading

The spot Bitcoin ETF issuer said it will still use Coinbase’s custodian services as part of a move to diversify custodians. Asset management firm Valkyrie has added digital asset trust company BitGo as its custodian for its recently launched spot Bitcoin (BTC) exchange-traded fund (ETF). In an 8-K filing to the United States Securities and...Continue Reading