Day: November 1, 2024

Beyond Multi-Chain: Why Web3 Needs Cross-Chain Orchestration

The world of decentralized finance (DeFi) has evolved at a breakneck pace since its inception, and one of its foundational challenges has been interoperability. As new blockchains emerged, users needed ways to interact across different networks, leading to the development of bridges, multi-chain platforms, and cross-chain solutions. However, this has inadvertently resulted in a fragmented […]

Two NFT Developers Charged in $400K ‘Rug Pull’ Scheme

In a landmark case highlighting the risks of digital asset scams. One NFT developer has been found guilty and another has pleaded guilty in a U.S. court for conspiracy to commit wire fraud and money laundering. The charges stem from an NFT “rug pull” worth nearly $400,000. Involving the sale of three collections on the […]

CZ Reflects on Prison, Future in Crypto Post-Binance

Changpeng Zhao, widely known as CZ and one of the most influential figures in the crypto world, recently opened up about his time in prison and his vision for the future during a conference he announced on social media. Having stepped down as Binance CEO following a public settlement with U.S. authorities, CZ shared details […]

DeFi’s ‘Internet Moment’: Growth Through CeFi Integration

HONG KONG – With regulations evolving and demand for user-friendly financial products increasing, the decentralized finance (DeFi) sector might be on the brink of its own “internet moment.” This vision is shared by Charles D’Haussy, CEO of the dYdX Foundation, which supports the development of the DeFi protocol dYdX. Speaking at Hong Kong Fintech Week, […]

Citadel’s Trade Secrets Suit Against Portofino Advances

The U.S. District Court in Manhattan has ruled that most of Citadel Securities’ lawsuit against crypto-trading startup Portofino, over alleged trade-secret theft, can move forward. Filed on Oct. 30, the court’s decision allows the bulk of Citadel’s claims to proceed, marking a significant development in the ongoing legal battle between the major financial firm and […]

Bitcoin ETFs Surge to $70B, Rivaling Gold Funds

In a rapid surge of adoption, U.S.-listed Bitcoin exchange-traded funds (ETFs) have accumulated $70 billion in assets, surpassing half of what gold ETFs hold in record time. Since their January 2024 debut, Bitcoin ETFs have drawn substantial inflows, totaling $23.89 billion and reaching over 50% of the assets held by U.S.-listed gold ETFs, according to […]