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Legal costs surge in notable cryptocurrency bankruptcies

  • May 31, 2024
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Bankruptcy cases of significant prominence have proven to be highly profitable for Sullivan and Cromwell as well as Kirkland and Ellis, two prominent law firms deeply engaged in the legal proceedings.
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Hong Kong has formally expelled all unlicensed cryptocurrency exchanges

  • May 31, 2024
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This regulatory crackdown demonstrates the SFC's dedication to promoting a safe and transparent atmosphere for virtual asset trading.
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Bitcoin firm partners with Texas university for $5M endowment fund

  • May 31, 2024
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A Bitcoin financial services company and UATX aim to raise $5 million for a five-year investment in BTC.
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Ethereum remains below $3,900, why?

  • May 30, 2024
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This situation involves uncertainties surrounding the launch of the Ethereum ETF, significant open interest in ETF futures, and a lack of growth in Ethereum network activity.
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Crypto losses from fraud and hacks decreased by 12% in May, according to Immunefi

  • May 30, 2024
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Crypto scams and frauds saw a further decline, with losses totaling $52 million in May, down from $59 million the previous year.
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Concern raised over Davido meme token by the Nigerian crypto community

  • May 30, 2024
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The management of Afro-pop artist Davido's recently released meme token, DAVIDO, has come under fire from the Nigerian cryptocurrency community. Many think that he may soon include a token dump in his plans.
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  • Posted inin Technology

Sophisticated AI fraud poses an increasing threat to financial institutions

  • May 30, 2024
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Many financial institutions are finding it challenging to keep pace with the increasing sophistication of AI-driven fraud, highlighting a critical need for improved detection and prevention strategies.
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Cardano drops out of the top 10 cryptocurrency rankings amid memecoin frenzy

  • May 29, 2024
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Dogecoin, boasting a market capitalization of $23.8 billion, and the newcomer Shiba Inu, have both secured positions in the top 10 cryptocurrency rankings.
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Former OpenAI board member explains why CEO Sam Altman was fired and then rehired

  • May 29, 2024
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Helen Toner, a former member of OpenAI's board who played a role in the departure of CEO Sam Altman in November, has finally spoken out. She shared insights into the internal events at the company preceding Altman's dismissal during a podcast released on Tuesday.
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Gemini crypto exchange returns $2.2 billion to users after an 18-month withdrawal pause

  • May 29, 2024
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Customers with funds frozen in Gemini’s now-defunct crypto lending program will soon begin receiving their money back.

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