Blockchain data analysts from Nansen revisit the days leading up to the collapse of FTX, including the transfer of $4.1 billion worth of FTT tokens between the exchange and Alameda Research. A Nansen report shared with Cointelegraph reveals unique observations from the blockchain analytics firm, which highlights the close relationship between the two companies founded…
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El Salvador officially launched its first local Bitcoin (BTC) mining pool as the Volcano Energy project begins mining blocks through Lava Pool in partnership with Luxor Technology. The Bitcoin-friendly country’s $1 billion renewable energy project made headlines earlier in 2023, with stablecoin issuer Tether among companies investing in the project that plans to generate electricity from…
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The Bank of International Settlements (BIS) has developed a proof of concept (PoC) for a system tracking on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains including Bitcoin. Working with the Deutsche Bundesbank, De Nederlandsche Bank, European Central Bank and the Bank of France, BIS has announced a successful PoC called Project Atlas that…
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Blockchain analytics investigators have uncovered an individual linked to a cryptocurrency laundering operation that is offering stolen tokens at discounted prices from recent high-profile exchange hacks. Speaking exclusively to Cointelegraph, a representative from blockchain security firm Match Systems outlined how investigations into several major breaches featuring similar methods through the summer months of 2023 have…
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Following the clearance of the first Ethereum (ETH) futures exchange-traded fund (ETF), Grayscale Investment is set to convert its Grayscale Ethereum Trust to a spot Ethereum spot ETF. The New York Stock Exchange Arca filed for the conversion with the United States Securities and Exchange Commission (SEC) on Oct. 2. The existing Trust invested in…
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Sam Bankman-Fried will face his first day in court over a litany of charges less than a year after the calamitous collapse of cryptocurrency exchange FTX. The former CEO of the bankrupt exchange is set to face 21 days in court during his criminal trial scheduled from Oct. 4 to Nov. 9. Bankman-Fried has been…
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Despite its roots embedded in Bitcoin (BTC) lending, lending platform Ledn has announced the launch of an Ether (ETH) yield offering following user requests for a shielded alternative to manually staking Ether. The Cayman Islands firm has added an ETH offering to its Growth Accounts products, which currently offers users ring-fenced facilities to earn interest…
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Europe remains fertile ground for the cryptocurrency ecosystem to flourish compared with harsher regulatory environments, according to prominent speakers at Blockchain Expo Europe 2023 in Amsterdam. Cointelegraph attended the event held at the RAI Amsterdam convention center for the second year running, with the Blockchain Expo forming part of a larger Tech Expo event being…
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Legal frameworks ensuring user privacy and the freedom to choose between central bank digital currencies (CBDCs) and other forms of money will be key in driving CBDC adoption, according to the head of the Bank of International Settlements. Speaking at the BIS Innovation Hub conference in Switzerland on Sept. 27, BIS general manager Agustín Carstens…
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It’s been more than a decade since 850,000 BTC went missing from Mt. Gox, yet the collapse of the former exchange remains one of the most infamous black swan events of the cryptocurrency ecosystem. While creditors of the defunct exchange are edging closer to some form of restitution, Mt. Gox’s demise ended up playing an…
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