Search Results for: Secret

Was the Secret Transfer of $4 Billion to Alameda, FTX's Undoing?

The liquidity crunch facing FTX might have emanated from Sam Bankman-Fried, the crypto exchange’s CEO, secretly transferring at least $4 billion to boost Alameda, with part of the funds being customer deposits, according to Reuters. Per the report: “Seeking to prop up Alameda, which held almost $15 billion in assets, Bankman-Fried transferred at least $4 … Continue reading Was the Secret Transfer of $4 Billion to Alameda, FTX's Undoing?

Binance Spreads Holiday Cheer With Themed Gift Card And Secret Santa Events

Binance, the leading cryptocurrency exchange, is spreading holiday cheer with festive events and promotions. Last year, Binance introduced its popular Gift Cards, empowering users to gift cryptocurrency in a unique and non-traditional way. These gift cards have experienced significant demand, with over 1.8 million traded between July 2021 and October 2022. This year, Binance expanded … Continue reading Binance Spreads Holiday Cheer With Themed Gift Card And Secret Santa Events

FTX secretly lent Alameda Research $65B

The New York Public Service Commission (PSC) was sued by environmentalists on January 13 for allowing the takeover of a bitcoin mining factory that was located within the borders of the state. According to the complaint, the Public Service Commission broke state law when it approved the takeover. The state Public Service Commission (PSC), which … Continue reading FTX secretly lent Alameda Research $65B

Secret Network Validator Smart Stake to Shut Down Nodes

One of the most important validators for the privacy smart contract layer-1 blockchain. The Secret Network has declared that it would no longer provide the network with nodes or assistance after making this announcement. On the 29th of January, the main validator Smart Stake made the announcement that it will turn down its Secret Network … Continue reading Secret Network Validator Smart Stake to Shut Down Nodes

Secret Network to Restructure as Nonprofit with 'Transparent Operation'

The decentralized autonomous organization known as Secret Network, which regulates the blockchain with an emphasis on privacy, has apparently made the decision to reorganize its foundation so that it functions as a nonprofit organization with a “transparent operation,” as stated on the website for the proposal. On the webpage devoted to the proposal, this decision … Continue reading Secret Network to Restructure as Nonprofit with 'Transparent Operation'

Former facilities worker who allegedly set up a secret cryptocurrency mining operation

After skipping a planned court appearance to respond to accusations, a former facilities worker who is accused of setting up a covert bitcoin mining operation inside a Massachusetts school’s crawl space is slated to be arrested. The hearing was to answer to the allegations. According to several sources in the media, Nadeam Nahas’ arraignment on … Continue reading Former facilities worker who allegedly set up a secret cryptocurrency mining operation

Microsoft Develops Secret AI Chips to Reduce Development Costs

In an effort to reduce development costs for in-house and OpenAI projects, Microsoft has reportedly been developing its own artificial intelligence (AI) chips in secret. The project, called “Athena,” has been in the works since 2019 and appears to be designed to reduce the company’s reliance on Nvidia’s GPUs. According to a Google search, Nvidia’s … Continue reading Microsoft Develops Secret AI Chips to Reduce Development Costs

Former US Secret Service Officer Warns of FTX Customer Targeting Risk

Jeremy Sheridan, a former assistant director of the United States Secret Service Office of Investigations, has warned of the potential risks to FTX customers if their personal information is made public. In an April 20th declaration, Sheridan supported a motion from the debtors of FTX, a failed cryptocurrency exchange, to withhold the confidential information of … Continue reading Former US Secret Service Officer Warns of FTX Customer Targeting Risk

U.S. Treasury Secretary Janet Yellen Urges Stricter Crypto Regulations amid Legal Cases Against Coinbase and Binance

In light of the rising legal cases against major cryptocurrency platforms Coinbase and Binance, U.S. Treasury Secretary Janet Yellen called for enhanced regulation to protect cryptocurrency users and investors. During an interview with CNBC, Secretary Yellen expressed her public support for U.S. financial regulatory agencies, including the Securities and Exchange Commission (SEC) and Commodity Futures … Continue reading U.S. Treasury Secretary Janet Yellen Urges Stricter Crypto Regulations amid Legal Cases Against Coinbase and Binance

Driving Web3 Innovation: Hong Kong’s Commitment Towards Tech-Led Future Unveiled by the Financial Secretary

In a recent blog post, Hong Kong’s Financial Secretary celebrated Father’s Day while also sharing the government’s significant efforts in stimulating innovative technological development. The official highlighted that since the establishment of the Innovation and Technology Bureau (now the Innovation, Technology, and Industrial Bureau) in 2015, nearly HKD 200 billion has been invested to bolster … Continue reading Driving Web3 Innovation: Hong Kong’s Commitment Towards Tech-Led Future Unveiled by the Financial Secretary

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