bankmanfried
* FTX paid $25M+ to 6 whistleblowers for issues found. * One whistleblower was an FTX.US executive. * Whistleblowers alleged misleading regulators and investors. * FTX Group lacked a complete employee list during bankruptcy. * Former FTX employees resigned informally before collapse. * FTX founder found guilty of defrauding customers, sentenced to 25 years in
bitcoin
North American bitcoin miner Core Scientific has reported a major turnaround in the first quarter of this year, posting $210.7 million in net income compared to a loss of roughly $400,000 in the same period last year. The company attributed its net income to a gain on extinguishment
biden
A battle is brewing between the crypto industry and the Biden administration over a non-binding resolution passed in the U.S. House. The resolution demanded that the Securities and Exchange Commission (SEC) retract a staff bulletin on digital asset custody accounting, with the aim of promoting innovation in the digital
agricultural
Euclid, a Nibiru-powered Web3 start-up, has emerged from stealth with a decentralized unified cross-chain liquidity infrastructure. The company recently raised $600,000 in a pre-seed funding round, which will be used for development, audits, marketing, and business development. Euclid aims to achieve liquidity unification by creating a single source-of-truth ledger
blockchain
Two bugs in a fork of the Gains Network leveraged trading protocol could have allowed traders to profit 900% on every trade, regardless of the token's price, according to a report from blockchain security firm Zellic. One bug was patched in a previous version of Gains, while the
bitcoin
The 200-day moving average for Bitcoin has reached an all-time high of $50,178, indicating a bullish long-term outlook for the cryptocurrency. This indicator, which calculates the average closing price over the past 200 days, is often used by traders and analysts to determine long-term trends. Bitcoin's price
ban
The Nigerian government is planning to implement new regulations that would prohibit peer-to-peer cryptocurrency exchanges using the national currency, the Nigerian naira. The country's Securities and Exchange Commission (SEC) is set to introduce a regulatory framework for crypto exchanges and custodians in the near future. The aim of
arrest
New details have emerged regarding the detention of Binance's former financial crime compliance team leader, Tigran Gambaryan, in Nigeria. Binance CEO Richard Teng has accused Nigerian officials of attempting to coerce the company into a secret settlement paid in cryptocurrency. Gambaryan was detained while on a business trip
airdrop
Mode, a Layer 2 network developed on the OP Stack, is launching an airdrop of its governance token. The airdrop will distribute 550 million Mode tokens, representing 5.5% of the total supply. The distribution will be based on users' Mode points, which were initially allocated during the "
bitcoin
The Bitcoin network has achieved a significant milestone by processing its one billionth transaction. This achievement comes 15 years and 4 months after the mining of Bitcoin's genesis block in January 2009. With an average rate of 178,475 transactions per day over its lifespan, Bitcoin has demonstrated
analysis
According to a report by Bloomberg, an analysis co-developed by Visa has found that over 90% of stablecoin transaction volumes are not coming from genuine users. Out of the total $2.2 trillion in transactions in April, only $149 billion originated from "organic payments activity." The analysis removed
bitcoin
A dormant Bitcoin address that dates back to the time when Satoshi Nakamoto was active has recently become active again after 10 years. The wallet contained 687 BTC, which is equivalent to $43.9 million, and it transferred its holdings to two different wallets on May 6. The movement of