FTX Ryan Salame sentenced

Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd., arrives at federal court in New York, US, on Tuesday, May 28, 2024.  Yuki Iwamura | Bloomberg | Getty Images Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half years, in … Read more

How Researchers Cracked an 11-Year-Old Password to a $3 Million Crypto Wallet

Grand and Bruno created a video to explain the technical details more thoroughly. RoboForm, made by US-based Siber Systems, was one of the first password managers on the market, and currently has more than 6 million users worldwide, according to a company report. In 2015, Siber seemed to fix the RoboForm password manager. In a … Read more

bitcoin falls: Bitcoin falls 3% as traders mull risk of sales linked to Mt. Gox

Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors. The original cryptocurrency dropped as much as 2.7% and was trading at about $67,840 as of 12:15 p.m. Tuesday in … Read more

Bitcoin Pizza Day: Techie paid 10,000 Bitcoins for Pizza in 2010, now worth Rs 5,800 crore

On May 22nd each year, the cryptocurrency community commemorates Bitcoin Pizza Day, an event marking a significant milestone in digital currency history. This day celebrates the first-ever real-world transaction using Bitcoin, a moment that has become a symbolic tale of Bitcoin’s journey from an obscure technology to a global financial force. The Pizza That Started … Read more

Uniswap fights back against SEC as the ethereum crackdown continues

For years, the Securities and Exchange Commission has been cracking down on the crypto sector writ large, but in the last few months, the agency appears to have trained its sights on ethereum, in particular. Some of the biggest names in decentralized finance are now fighting back. In a 40-page filing Tuesday, Uniswap Labs — … Read more

Crypto Astrologers See Price Moves in the Stars

“Astrology is the measure of time,” says San Francisco-based financial forecaster Marsilio Musing via a Zoom call with the camera off. To him, the art of interpreting planetary movements is similar to making predictions based on the movement of stock and asset performance over a specific period. “I’ve been at this for a long time, … Read more

New York AG announces $2 billion settlement with crypto lender Genesis

New York Attorney General Letitia James is settling with crypto lender Genesis for $2 billion, in an effort to repay defrauded investors. The company, once a business at the heart of Digital Currency Group, was among the multiple casualties in the industry contagion set off by the collapse of FTX. The firm filed for Chapter … Read more

Craig Wright Lied About Creating Bitcoin And Faked Evidence, Judge Rules

“We’ve seen a cascading effect from the pronouncement on a host of other litigations globally,” says Grewal. “For people outside of crypto, [all this] might sound cartoonish. But with Wright’s claims falling by the wayside, the community can exhale. We think it’s a real win.” The ruling has also had implications for Bitcoin Satoshi Vision, … Read more

Crypto fraud and poor regulation may jeopardize ether ETF approval

The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. But it will likely fail due to a lack of an over-arching regulatory framework for all cryptocurrencies, according to Ric Edelman, head of the Digital Assets Council of Financial Professionals. “I think that there’s going … Read more

Bitcoin having best day since March following cooler April inflation reading

Nicolas Economou | Nurphoto | Getty Images Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month. The price of the cryptocurrency rose more than 7% to $66,124.59, according to Coin Metrics, and its best day since March 25. It also traded above its 50-day moving … Read more