LBRY concedes to total shutdown, citing loss to SEC and millions in debt

LBRY Inc., the developer of the LBRY blockchain, is shutting down services because it lost a lawsuit to the U.S. Securities and Exchange Commission (SEC), and it “has several million dollars in... Read more »

SBF Trial – FTX general counsel had ‘no idea’ that SBF was misusing customer funds

The final day of Sam Bankman-Fried’s (SBF) trial brought further revelations about what transpired behind the scenes at the exchange as former FTX attorney Can Sun took the stand as the day’s... Read more »

Crypto Aid Israel brings in $185k in donations for humanitarian relief despite phishing attack

Crypto Aid Israel, an emergency relief fund created to support Israeli victims of Hamas terrorism, has received over $185,000 in donations despite suffering a phishing attack. In an Oct. 19 statement shared... Read more »

Chainalysis says crypto usage for terror financing is ‘tiny fraction’ of overall volume

A recent report by Chainalysis has cast doubt on sensationalized claims regarding the use of cryptocurrency by terrorist organizations for financing. In the wake of a recent terrorist attack by Hamas in... Read more »

‘Yeah, it’s gonna get approved’: Mike Novogratz predicts 2023 approval for spot Bitcoin ETFs

In an Oct 18. interview, Mike Novogratz, the CEO of Galaxy Digital, expressed confidence in the impending approval of a spot Bitcoin exchange-traded fund (ETF), saying, “Yeah, it’s gonna get approved.” Speaking... Read more »

SBF Trial – Defense grills Singh over personal spending despite knowing FTX was misusing customer funds

Nishad Singh, the former director of engineering at FTX, continued to testify and underwent rigorous cross-examination by defense lawyers on the tenth day of the Sam Bankman-Fried (SBF) trial. Singh, who has... Read more »

Ripple job posting stirs new rumors about company’s IPO plans

A recent job posting for a Shareholders Communication Senior Manager at Ripple has led to increased speculation about the cryptocurrency firm’s plans to go public. The job Ripple (XRP)  is seeking candidates... Read more »

SBF Trial – Nishad Singh kicks off week 3 by confessing to stealing customer funds for straw political donations

The third week of SBF’s trial has kicked off with the prosecution bringing former FTX engineering director Nishad Singh, another key member of the exchange’s leadership and SBF’s inner circle. Singh’s testimony... Read more »

Lido sunsets Solana staking due to lack of funds; halts deposits effective immediately

Decentralized finance staking service provider Lido (LDO) is winding down its Solana (SOL) staking product today, Oct. 16, because it lacks funds to sustain the project, according to a blog statement from... Read more »

Australia to introduce crypto regulation mandating licenses for crypto exchanges

The Australian federal government is set to introduce new regulations requiring crypto exchanges to obtain a financial services license, the Australian Financial Review reported on Oct. 15. Assistant Treasurer Stephen Jones is... Read more »