In a recent criminal case, Sam Bankman-Fried, the co-founder and former CEO of FTX, provided testimony that shed light on the origins and eventual collapse of FTX and its sister firm, Alameda Research. Bankman-Fried revealed that he launched Alameda because of the growing popularity of cryptocurrency, despite having limited knowledge about it. He admitted that
admin
Crypto exchange Kraken recently announced its plans to suspend trading, deposits, and withdrawals for select stablecoins in Canada. This move follows the footsteps of other Canadian exchanges that have implemented similar measures due to regulatory guidelines concerning the legal status of these tokens. In an email sent to CryptoPotato, Kraken revealed that it is now
LBRY Inc., the firm behind the LBRY blockchain and content-sharing network, recently announced that it would not appeal its legal loss against the Securities and Exchange Commission (SEC). This decision marks the formal end of the legal proceedings surrounding LBRY’s regulatory compliance. As a result, the firm will be forced to shut down and enter
As we enter 2023, the fusion of Artificial Intelligence (AI) and cryptocurrencies is no longer just a topic discussed among tech enthusiasts; it has evolved into its own market category. Big players in the technology industry, such as Microsoft, have made substantial investments in AI-integrated cryptocurrencies, generating significant interest in this emerging field. The coming
The world of digital art is expanding beyond the confines of the virtual realm, as Avant Arte and CryptoPunks join forces. This ground-breaking partnership offers CryptoPunk NFT holders the chance to own physical prints of their beloved art collections. With this innovative collaboration, the boundaries between the digital and physical art worlds are blurred, creating
Bitcoin’s impressive rise to $35,000 has not only brought attention to the leading cryptocurrency but has also lifted the prices of various meme coins. Among these memecoins, Floki (FLOKI) stands out as it has surpassed its competitors in terms of percentage gains. In the span of a few days, FLOKI has experienced a surge of
The long-standing legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs seems to be finally approaching a resolution. After the recent dismissal of the SEC’s claims against Ripple’s CEO Brad Garlinghouse and its co-founder Chris Larsen, it is expected that both parties will proceed to finalize a settlement. However, there are
Cryptocurrency infrastructure firm, Fireblocks, has recently made a significant discovery in the Ethereum ecosystem. The company has identified and assisted in tackling what it describes as the first account abstraction vulnerability within the Ethereum ecosystem. This vulnerability was found in the smart contract wallet UniPass and was reportedly found in hundreds of mainnet wallets during
U.S. lawmakers are urging the Justice Department to investigate Binance and Tether over allegations of facilitating significant illicit financing to terrorist groups, including Hamas. Senators Cynthia M. Lummis and Representative French Hill have called for decisive action if the firms are found complicit. This article examines the potential consequences of such an investigation and emphasizes
Maison Margiela, the renowned Parisian fashion label, has taken a groundbreaking step into the world of Web3 by introducing a unique and inventive gamified minting experience. Renowned for its avant-garde designs and innovative creations, the brand has seamlessly integrated its characteristic numerical coding system with blockchain technology. This integration enables patrons of Maison Margiela to
