The Federal Bureau of Investigation (FBI) has issued a new warning regarding the presence of malicious code in beta-testing apps. These apps are used to test mobile applications before their official release and often bypass the review processes of mobile operating systems. The FBI has highlighted the potential risks that these apps pose to users, …
Payments giant PayPal made a groundbreaking move on Monday by launching its very own stablecoin, becoming the first major fintech company to adopt digital currencies for payments and transfers. While stablecoins, which are crypto tokens pegged to stable assets to avoid volatility, have been in existence for years, they have struggled to gain traction in …
US prosecutors have leveled accusations of witness tampering against Sam Bankman-Fried, the founder of FTX. They have requested a federal judge to issue an order preventing Bankman-Fried and other parties from making public statements that could interfere with a fair trial. In a letter to US District Judge Lewis Kaplan, the prosecutors referred to a …
Crypto firm Circle has recently announced layoffs and a shift in focus towards core business activities. The exact number of layoffs is unknown, but Circle had approximately 900 employees as of the end of last year. This decision comes as the company aims to refocus its efforts and streamline operations. According to a report by …
Cryptocurrency investors have become more cautious about choosing their business partners due to the collapse of various platforms and concerns about regulatory crackdowns. These bankruptcies have trapped customer assets worth approximately $34 billion, prompting institutional investors to seek exchanges with stronger asset protection and implement new risk management measures. Altana Wealth’s Samed Bouaynaya states that …
The US branch of Binance, a prominent cryptocurrency company, has recently undergone a series of layoffs following allegations of securities law violations and a subsequent asset freeze by regulators. According to sources familiar with the matter and employee social media posts, approximately 50 individuals were let go. However, Reuters was unable to independently verify the …
In the world of cryptocurrencies, every time a transaction takes place it gets logged in to a blockchain — a distributed ledger that makes the information globally available on a real-time basis. That does not mean a user or investor gets an automatic update about each successful transaction. It’s more like the data is …