Ripple’s Legal Chief Slams SEC’s Crenshaw Renomination
Ripple’s Chief Legal Officer, Stuart Alderoty, openly criticized the potential renomination of U.S. SEC Commissioner Caroline Crenshaw. Taking to social media platform X on Wednesday, Alderoty called Crenshaw “even more rogue than Gensler,” referring to her hardline stance against spot Bitcoin ETFs. Alderoty’s remarks come in response to Crenshaw’s continued opposition following a court ruling […]
FTX Recovers $15 Million in Political Donations
As the bankruptcy proceedings of FTX, the collapsed cryptocurrency exchange formerly led by convicted founder Sam Bankman-Fried, unfold, significant progress has been made in recovering misallocated funds. A recent court filing reveals that debtors have successfully reclaimed over $15 million in political donations made by Bankman-Fried and his associates. The revelations stem from allegations of […]
Scammers Use Fake Bots to Raid Crypto Wallets
Scammers are leveraging a sophisticated mix of fake X (formerly Twitter) accounts, phony Telegram channels, and malicious verification bots to steal cryptocurrency, blockchain security firm Scam Sniffer has warned. In a Dec. 10 X post, Scam Sniffer detailed how scammers impersonate popular crypto influencers on X, luring victims into fake Telegram groups under the guise […]
DTX Exchange Gains Spotlight Amid Market Correction
November’s surging crypto prices and volumes brought significant gains to investors, but the month ended with a market correction. Both Bitcoin (BTC) and XRP holders adjusted their positions, leading to a widespread dip across several coins. Historically, upcycles in crypto markets have shown that projects with strong community support and high user utility generate the […]
Google’s Willow Quantum Chip Sparks Crypto Security Debate
Google’s Quantum AI team unveiled Willow, its latest quantum computing chip, capable of solving problems in five minutes that would take modern supercomputers 10 septillion years—a number so vast it exceeds the universe’s age, according to Hartmut Neven, Google’s Quantum AI lead. Unprecedented Error Correction One of Willow’s standout achievements is exponential error correction, overcoming […]
Crypto Market Crash Wipes $1.7B Amid Quantum Computing Fears
A sharp crypto market correction triggered a staggering $1.7 billion in liquidations over the past 24 hours, as Bitcoin tumbled from above $100,000 to $94,100 and Ethereum fell 8% to $3,800, according to Coinglass. Liquidations and Altcoin Bloodbath Of the $1.7B wiped out, $1.5B came from long positions—a sign that bullish traders were caught off […]
Ripple CEO Slams SEC, Reveals $150M Legal Bill
Ripple CEO Brad Garlinghouse made waves during a 60 Minutes interview on December 8, 2024, where he discussed Ripple’s prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) and the broader regulatory landscape for crypto. Garlinghouse accused the SEC, under Chair Gary Gensler, of waging a “war on crypto.” He explained this was […]
Cardano X Account Hacked, $500K Scam Unleashed
The Cardano Foundation’s X account was hacked on Sunday, leading to two false announcements: the launch of a Solana-based token and a fabricated SEC lawsuit against the organization. The breach triggered confusion among Cardano (ADA) holders and traders, highlighting the ongoing security vulnerabilities on social platforms. False Token Launch on Solana The attackers first used […]
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