In a major development for those affected, it was announced that customers of the FTX exchange, which filed for bankruptcy, could see more than 90 % of their assets returned by the end of the second quarter of 2024. This has been achieved through a proposed agreement between FTX's creditors and…
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California passes bill to regulate cryptocurrencies
California Governor Gavin Newsom signed a bill to regulate cryptocurrency operations, which will come into effect in 2025.
According to information in a press release on Friday, the legal tool “will force cryptocurrency companies to comply…
China inaugurated the first industrial park dedicated to the digital yuan
In a significant development, China opened a pioneering industrial park aimed at developing the digital yuan ecosystem, which is also known as the central bank digital currency (CBDC), according to Chinese press reports.
This innovative…
AI poses new challenges in cybersecurity
Artificial intelligence is here to stay. Its accelerated implementation and development allows for incalculable progress in the various fields of knowledge. But it also opens the door to new cyberattacks that wreak havoc globally.
Hackers…
US prosecutors requested restrictions on Sam Bankman-Fried trial
US prosecutors asked the court presiding over Sam Bankman-Fried's trial to prohibit his legal team from presenting any arguments related to the possible recovery of FTX clients' assets invested in Anthropic.
In April 2022, Bankman-Fried…
The US could apply electronic banking laws to cryptocurrencies
In recent statements, Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), indicated that they are analyzing applying the same guidelines to cryptocurrencies that apply to electronic banking.
The main objective of the…
Huobi Global finally managed to recover its hacked funds
In a surprising victory against cybercrime, Huobi Global's HTX cryptocurrency exchange has managed to recover funds stolen by a hacker in late September. In this incident, 5,000 ETH, valued at approximately USD 8 million at the time, were…
El Salvador launches Lava Pool, first bitcoin mining pool
El Salvador, a pioneering Central American country in adopting bitcoin as legal tender, launched its first mining pool for this cryptocurrency, called Lava Pool.
This is a joint effort between the public and private sectors, promoted by…
IMF warned about the risks of cryptocurrencies in the financial system
The International Monetary Fund (IMF) issued a report aimed at addressing the rapid changes in the cryptocurrency market. In this report, titled "Assessment of the macrofinancial risks of cryptocurrencies", the IMF highlights the…
September emerged as the worst month for cryptocurrency exploits
September stands as the worst month of 2023 in terms of cryptocurrency-related exploits. During this month, a serious setback was recorded with the theft of $329.8 million in digital assets.
CertiK, a blockchain security firm, noted that…
Binance officially quits Russian market
The leading global cryptocurrency platform, Binance, made public its withdrawal from the Russian market and the transfer of its operations in the country to the Russian firm CommEX. This process is projected to take approximately one year.…
Argentine Patagonia will be a cryptocurrency mining center
The company Tecpetrol is looking for a use for the gas derived from oil extraction in Argentine Patagonia. Cryptocurrency mining is an option.
This was announced by the company recently, stating that the project will be developed in the…