Coin Prices

BNB

$210.69

-0.05%

XRP

$0.511634

0.71%

OKB

$42.74

-0.30%

EOS

$0.573883

-0.73%

Pepe

$0.00000069

12.38%

NEM

$0.0259301

2.59%

WAX

$0.04342604

5.84%

Kin

$0.00001143

0.01%

OST

$0.00031494

-6.50%

FTX

$1.069

-0.58%
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News

Insights into the biggest events shaping the crypto industry.

Law and Order
BTC

Police Seize Bitcoin Mining Machines in Venezuelan Prison Bust

Among rocket launchers, grenades and bullets, Venezuelan authorities also seized an unlikely technology from criminals during a prison raid this week: Bitcoin mining machines.  In an operation to crack the South American country’s most powerful organized crime group Wednesday, 11,000 troops were used to raid the Tocorón prison in Aragua state, according to an official government statement.  Weapons were found in the mission but authorities also grabbed Bitcoin miners, AFP reported Thursday. Vide...

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Sep 22, 2023

Business

FTX Claims Trading Near 35% of Debt Amount in Secondary Markets

Investors are actively scooping FTX claims in an unregulated market for bankruptcy claims, according to a Bloomberg analysis of FTX’s court documents. According to Claims Market data, FTX debts are trading at approximately 35% of their original claim value. The claims can represent anything from customer deposits to electricity bills owed by the exchange. Bloomberg’s analysts recorded a sale of more than $250 million worth of FTX debts to three investors in Silver Point Capital, Diameter Capital...

by Nivesh Rustgi ·

Sep 22, 2023

Law and Order

FTX Files $157 Million Lawsuit Against Ex-Employees of Hong Kong Affiliate

Bankrupt crypto exchange FTX has filed a lawsuit against four former employees of Salameda, a Hong-Kong-based affiliate believed to have been under the direct control of the crypto exchange's former CEO, Sam Bankman-Fried. Along with two related companies, the named individuals—Michael Burgess, Matthew Burgess, Lesley Burgess, Kevin Nguyen, and Darren Wong—are alleged to have exploited their personal ties to prioritize their asset withdrawals from FTX when the exchange’s future became questionab...

by Mattis Meichler ·

Sep 22, 2023

Law and Order

Binance and CEO Changpeng Zhao Seek Dismissal of SEC Lawsuit, Citing Regulatory Overreach

Binance CEO Changpeng "CZ" Zhao and the cryptocurrency exchange itself have jointly filed a motion to dismiss the lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC). In a September 21 filing with the U.S. District Court for the District of Columbia, both Binance Holdings and Zhao contended that the SEC had exceeded its authority in the lawsuit. In the 60-page petition, the legal representatives for Binance and Zhao accused the SEC of failing to provide clear guidel...

by Andrew Asmakov ·

Sep 22, 2023

Business

Nansen Users’ Blockchain Addresses Exposed in Security Breach

Crypto analytics platform Nansen reported a security breach this morning, noting that some users’ blockchain addresses and password hashes had been exposed, along with email addresses. In a public letter, the analytics firm wrote that the breach had occurred after one of its third-party vendor’s systems were compromised. A preliminary investigation revealed that 6.8% of its user base was affected, with their email addresses exposed. The report added that a smaller subset of password hashes and b...

by Nivesh Rustgi ·

Sep 22, 2023

Gaming

South Korean Mobile Developer NHN Is Building Crypto Games on Sui

South Korean tech firm NHN is developing crypto games and will use the Sui blockchain, NHN’s gaming division announced Thursday. NHN has previously developed social casino games like Hangame Poker and mobile titles including Crusader’s Quest and Guns Up! Mobile War Strategy. The company claims that its games have over 37 million total users, according to an announcement.  Now, the firm plans to develop digital board games that leverage NFTs. While the firm has yet to solidify exactly how it will...

by Kate Irwin ·