Santas and Grinches: The heroes and villains of 2022
Here’s a list of the 12 individuals who had the most impact — for better or worse — on the crypto industry this past year. From an outside perspective, 2022 has been a rollercoaster ride for crypto. The market reached …
Economic frailty could soon give Bitcoin a new role in global trade
Aggressive interest rate hikes have wrought havoc on global markets. As a consequence, more countries may embrace Bitcoin in the year ahead. The chaos we’ve experienced in global markets this year — global geopolitical upheaval magnified by the confluence of …
2 executives of crypto exchange AAX arrested in Hong Kong: Report
The former CEO of AAX, Weigao Capital Liang Haoming, and the founder of AAX, Thor Chan, were arrested on Dec. 23. Hong Kong police arrested two executives of the crypto exchange AAX accused of fraud and misleading the police, according …
U.S. delays crypto tax reporting rules, as it still can’t define what a ‘broker’ is
Congress passed a law in November 2021 that required the new crypto rules to be issued. A key set of crypto tax reporting rules is being delayed until further notice under a decision made by the United States Treasury Department. …
Bridge attacks will still pose major challenge for DeFi in 2023: Security experts
Hackers have stolen over $2.5 billion through vulnerabilities on cross-chain bridges in the past two years. Security has been a critical challenge for decentralized finance (DeFi) and its evolution. Between 2020 and 2022, hackers stole over $2.5 billion through vulnerabilities on …
Former Alameda CEO confirms firm borrowed billions from FTX customer deposits as part of plea deal
According to court documents, Caroline Ellison said she and SBF signed off on “materially misleading financial statements” for Alameda lenders — knowing it was illegal. Caroline Ellison, the former chief executive officer of Alameda Research, said as part of her …
Web3 projects would rather get hacked than pay bounty: Finance Redefined
The top 100 DeFi tokens had a volatile yet bearish week with nearly all the tokens trading in red on the weekly charts. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted …
LastPass attacker stole password vault data, showing Web2’s limitations
LastPass users with weak master passwords may need to change the individual passwords they stored with the service. Password management service LastPass was hacked in August 2022, and the attacker stole users’ encrypted passwords, according to a Dec. 23 statement …
Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues
With the BTC price plunging more than 76% peak-to-trough, miners are struggling to keep their operations running. Never underestimate how quickly things can deteriorate in a sector as volatile as crypto, especially in a bear market. Prices can always go …
US election agency approves use of NFTs as campaign fundraising incentive
According to the FEC, DataVault will receive “reasonable compensation” for each NFT issued to contributors as well as track all tokens issued for its own records. The United States Federal Election Commission (FEC) has issued an advisory opinion stating DataVault …