News
Yuga Labs co-founder to take leave of absence due to health reasons
Aronow said he will still be contributing as a board member and strategic advisor. However, his priority will be to get the best medical treatment he can to make a full recovery. Nonfungible token (NFT) entrepreneur Wylie Aronow of Yuga Labs — the team behind Bored...
Silvergate suspends dividends to preserve ‘highly liquid balance sheet’
January has been a rough month for Silvergate, with the dividend halts coming just a few weeks after it announced a Q4 2022 loss of $1B and laid off 200 employees. California-based crypto bank Silvergate has suspended dividend payouts to preserve its “highly liquid...
Argo Blockchain accused of misleading investors in class action lawsuit
After a torrid 2022 that saw it sell off its flagship mining facility, Argo Blockchain's woes are worsening after a recent class action suit. Investors of crypto mining firm Argo Blockchain have filed a class action lawsuit accusing the miner of making untrue...
Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren
Senator Warren claims the Trump Administration “gave a green light” to allow for a cryptocurrency market full of junk tokens, rug pulls and ponzi schemes. United States Senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to...
Saudi Central Bank still researching CBDC, but no decision on deployment
Saudi Arabia's central bank stressed that no decision has been made to launch a CBDC in the Kingdom, but it will continue to research use cases. The Saudi Central Bank (SAMA) is ramping up its research into Central Bank Digital Currencies (CBDCs) but is yet to...
Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May
A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months. A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as...
Aussie execs refute ‘argument’ to treat crypto as financial products
The Australian Minister for Financial Services said there was a "good argument" to treat crypto as financial products in an interview on Jan. 22. Australian crypto executives have urged caution over lumping all digital assets in the same boat as financial products,...
Binance Charity to provide over 30K Web3 scholarships in 2023
Among the education centers involved include colleges in Australia, Cyprus and Germany, Nigerian-based tech hub Utiva, Women in Tech, and two Ukrainian organizations. The philanthropic arm of Binance — Binance Charity — is set to fund 30,65 scholarships to students...
SBF to forfeit $700M worth of assets if found guilty of fraud
While most of SBF’s assets have been seized, Federal prosecutor Damian Williams outlined that the government is also looking to take control of three of his affiliated Binance accounts. According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will...
Ransom refusals hit attackers where it hurts: 40% revenue drop in 2022 — Chainalysis
A number of industry pundits believe the U.S. Office of Foreign Assets Control’s threat to impose sanctions has victims thinking twice about paying up. Ransomware victims have seemingly had enough of the extortion, with ransomware revenues for attackers plummeting 40%...