The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the agency cautioned. “If something happens, the government may not have an obligation to step in and help get your […]

Tether has frozen 32 cryptocurrency addresses tied to terrorism funding in Israel and Ukraine, manifesting the growing partnership between crypto firms and global law enforcement to combat digital-financed crime. (Read More)

Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. and China are at the brink of a hot war. He has outlined a scenario where “we will see the transition from contained pre-hot-war conflicts to a brutal World War III.” Ray Dalio Warns of ‘a Brutal World […]

Unsustainable financials and low fees generated by Lido on Solana were two of the main reasons for the sunsetting. Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community vote in Lido’s decentralized autonomous organization. The proposal to sunset Lido on Solana was first put […]

The third week of SBF’s trial has kicked off with the prosecution bringing former FTX engineering director Nishad Singh, another key member of the exchange’s leadership and SBF’s inner circle. Singh’s testimony comprised further explosive allegations regarding the cryptocurrency exchange’s involvement in illegal political donations, including the fact that his accounts were used without prior […]

Several reports say that the major Chinese real estate developer Evergrande’s downfall triggered a bank run in northern China last week. The bank run began after rumors spread that the financial institution, Bank of Cangzhou, allegedly loaned billions to the struggling company. This development came on the heels of an Evergrande announcement about the detention […]

Art technology firm Artfi has drawn over 25,000 interested collectors with the release of its Genesis Pass Whitelist in anticipation of its official launch. Genesis Pass NFT holders will gain eligibility to acquire fractionalized art from the Artfi platform. To kick things off, Artfi’s partnership with renowned artist Sacha Jafri means users can access works […]

Nishad Singh, former director of engineering at FTX, testified this week against his former boss Sam Bankman-Fried, detailing a software bug that hid billions in missing funds and excessive spending on celebrities and real estate. Singh Points Finger at $8 Billion Bug and Bankman-Fried’s Spending Sprees Nishad Singh told the court that a coding error […]

Cathie Wood, the CEO and CIO of ARK Invest, commented on pending spot Bitcoin ETF applications during a CNBC interview on Oct. 16. As ARK Invest is one of several asset managers pursuing a spot Bitcoin ETF, Wood began by describing the current state of her company’s application, stating: “It was publicized and disclosed last […]

San Salvador, El Salvador, October 16th, 2023, Chainwire   DNERO Technologies S.A. de C.V. Transforms El Salvador into a Blockchain and Crypto Innovation Hub DNERO Technologies S.A. de C.V., a pioneering force in the blockchain and crypto space headquartered in El Salvador, is set to launch its game-changing DNERO Protocol on October 23, 2023. This […]