News

FTX did not hold back on company expenses in the Bahamas, according to court documents. FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights, and food just nine months before the exchange’s collapse, court filings...

A U.S. Trustee filed an objection to plans by FTX to sell its units in Europe and Japan, among other businesses. Bankrupt crypto exchange FTX's plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S....

PROOF Co-founder Kevin Rose announced the deal via Twitter on Jan. 6, noting that the aim is to get the Moonbirds brand recognized on a global scale and not just in the Web3 space. The NFT-focused company was founded by early-stage Facebook and Twitter investor Kevin...

While the Ad Hoc Committee does not want to prevent the sales from occurring, it argued it needs to be involved to ensure that customers' interests are represented. A group of FTX customers has filed a limited objection to FTX’s plan to sell four...

Juno recommended users pull their funds from the platform amid "uncertainty" over the fate of its crypto custody provider Wyre. Fiat-to-crypto on-ramp solution provider Juno has urged its users to sell or self-custody the crypto on its platform citing “uncertainty”...

Battle lines are being drawn over crypto in Congress but industry executives remain optimistic. Cryptocurrencies will be a hot topic as the United States Congress resumes and the battle lines are drawn between lawmakers for and against the fledgling financial...

ShapeShift CEO Erik Voorhees expects Bitcoin to reach $40,000 by the summer, while Tim Draper has stood by his $250,000 prediction for the second year running. There is little agreement among Bitcoin’s commentators over the last few weeks, with crypto execs, research...

A Bitcoin OG and core developer Luke Dashjr claims his PGP key was compromised, resulting in virtually all his Bitcoin being stolen from him on Dec. 31. One of the original core developers behind Bitcoin (BTC), Luke Dashjr, claims to have lost “basically” all his BTC...

2022 was a record-breaking year for blockchain and crypto VCs. Depending on who you ask, that's either a good thing or a bad thing. 2022 was a watershed year for crypto venture capital, as investors poured tens of billions of dollars into blockchain-focused startups...

PoR is benefitting from intense development efforts, but in the final analysis good conduct requires good regulation and a culture of compliance. Proof of reserves (PoR) has gone from a buzzword to a roar in recent weeks as the crypto world tries to recover from the...