FTX

Major crypto players opted for the bench as no crypto firm pitched during the glam and glitter of the Super Bowl LVIII on Sunday. What Happened: There were no flashy crypto ads this year, just Twitter co-founder and Block Inc (NASDAQ:SQ) CEO Jack Dorsey, spotted in the stands in a ‘Satoshi'...

Investors have brought legal action against the National Basketball Association (NBA), claiming losses of $4.2 billion tied to their partnership with the now-collapsed Voyager Digital Holdings Inc.  What Happened: The lawsuit reported by Bloomberg, initiated Tuesday in Miami, accuses the NBA...

The mystery surrounding the infamous $400 million theft from FTX, a cryptocurrency exchange, has been potentially solved. The U.S. federal government has charged three individuals with a phone hacking conspiracy that led to the theft. What Happened: The U.S. government has charged Robert Powell,...

Television star Larry David was one of many celebrities appearing in commercials for cryptocurrency companies, including an ad during Super Bowl LVI. A recent interview with the “Curb Your Enthusiasm” creator shows how he feels about the gig today. What Happened: Super Bowl LVI featured...

Editor's note: This story has been updated with more details. In a new development in the FTX (CRYPTO: FTT) bankruptcy case, the defunct crypto exchange has expressed its intention to fully compensate customers and creditors who can validate their losses. The commitment was communicated to...

FTX is strategically liquidating its crypto assets and bolstering its cash reserves. This initiative is part of the bankrupt firm's efforts to repay customers who have been unable to access their accounts since the platform's downfall. What Happened: Key affiliates of FTX, including FTX...

Ark Invest founder Cathie Wood defied the major sell-off of Bitcoin (CRYPTO: BTC), saying the world's largest digital currency is one of the most significant investments of our time. In a CNBC interview on Wednesday, she emphasized Bitcoin's role in shaping a...

Since Grayscale Bitcoin Trust (OTC: GBTC) was transformed into an exchange-traded fund (ETF) earlier this month, $1 billion of the $2 billion in outflows were offloaded by FTX's bankruptcy estate.  What Happened: According to data reviewed by Coindesk, FTX offloaded 22...

The legal representatives of Joseph Bankman and Barbara Fried have formally requested the dismissal of an action brought against them by the now-insolvent digital currency platform FTX (CRYPTO: FTT). The exchange's legal action aims to reclaim what it describes as illicitly transferred monies....

Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB), has witnessed a surge in token burn activity with an increase exceeding 1600% within a 24-hour window. What Happened: Shibburn, a Shiba Inu burn rate tracker, revealed the elimination of 88 million SHIB tokens from the...

Circle Internet Financial, the entity responsible for the prominent stablecoin USDC (CRYPTO: USDC), announced its confidential filing for an initial public offering (IPO) in the United States. This move aligns with the company's ambition to transition into a publicly traded entity, Reuters...

Sam Bankman-Fried, a former billionaire and founder of the cryptocurrency exchange FTX, will not be facing a second trial, as decided by U.S. prosecutors. Bankman-Fried was convicted last month for defrauding FTX customers. What Happened: The prosecutors submitted a letter to a Manhattan federal...

The cryptocurrency Solana (CRYPTO: SOL) established fresh records for monthly new and active addresses. What Happened: As reported by The Block, the price upswing of Solana has been paralleled by a substantial increase in network activity. The count of active Solana addresses has seen an...

Over the past 24 hours, Solana (CRYPTO: SOL) has rallied by a staggering 17%. This dramatic rise appears fueled by ongoing optimism surrounding the blockchain, although concerns persist about potential sell-offs from FTX (CRYPTO: FTT) and Alameda Research. What Happened: According to on-chain...

The global cryptocurrency market has seen a remarkable expansion, more than doubling its value since the beginning of the year, buoyed by a series of positive developments in the sector. What Happened: A new report from PriceWaterhouseCoopers (PwC) reveals that 42 countries have made significant...