Lawyers for Sam Bankman-Fried said he consented to staying the SEC and CFTC civil cases, while those for Caroline Ellison and Gary Wang did not objec to staying the CFTC case. Damian Williams, United States Attorney for the Southern District of New York, has petitioned the court to delay civil proceedings against former FTX chief...Continue Reading

AVAX price has been in a strong rally since the start of 2023, but a sustained uptick in its DeFi components is needed in order to sustain the current bullish momentum. Avalanche (AVAX) witnessed a meteoric start to 2023, gaining 98% in 30 days, and traders are now curious about whether the rally will extend...Continue Reading

Discover the unique world of phygital NFTs and how they combine the physical and digital realms to create a new level of ownership and authenticity. Are phygital NFTs the future? The world could be tokenized, and NFTs could be the means through which we perform commerce. Could that be the future? Phygital nonfungible tokens have...Continue Reading

The judge did not provide a reason for denying the motion “without prejudice” but added the matter would face oral argument in a Feb. 9 hearing. A federal judge has denied a joint agreement between Sam “SBF” Bankman-Fried’s legal team and prosecutors that would have allowed the former FTX CEO to use certain messaging apps....Continue Reading

The merger, which will create the company ‘New Hut’, is still subject to court and regulatory approval by U.S. and Canadian authorities. Canada-based cryptocurrency mining company Hut 8 Mining has announced plans to merge with U.S. Bitcoin to form Hut 8 Corp, or “New Hut”. In a Feb. 7 announcement, Hut 8 said the boards...Continue Reading

In the aftermath of a deadly 7.8 magnitude earthquake in southeastern Turkey, the Web3 community has come together to raise awareness and aid for victims of the disaster. A massive earthquake hit southeastern Turkey along the border with Syria on Feb. 6, which has so far caused the death of more than 5,000 people. The...Continue Reading

In a time when VC funding is hard to come by, crypto companies seeking to attract investors must focus on value, not hype. It’s no secret venture capitalists react to prevailing market conditions when making decisions, and amid global economic uncertainty, entrepreneurs from across industries are finding that VC funds are more difficult to come...Continue Reading

Liquid staking protocol Lido unveils upgrade plans for V2, set to unlock stETH withdrawals and introduce Staking Router architecture. Liquid staking protocol Lido is set to roll out staking reward withdrawals and improved staking architecture with the announcement of the upcoming Lido V2 upgrade. Two major focal points of the planned upgrade include Lido’s introduction...Continue Reading

The trick allows the attacker to confirm zero-value transactions from the victim’s wallet, hijacking the user’s transaction history. Data from Etherscan shows that some crypto scammers are targeting users with a new trick that allows them to confirm a transaction from the victim’s wallet, but without having the victim’s private key. The attack can only...Continue Reading

The first-ever case of crypto insider trading highlights the need for reforms from exchanges to keep track of their employee’s trade activities. In January, the brother of a former Coinbase product manager was sentenced to 10 months in prison for wire fraud conspiracy in what prosecutors called the first case of insider trading involving cryptocurrencies....Continue Reading