Tech
The blockchain will “panic” and stop producing new blocks when there are reconciliation errors, said BNB Chain developers.
Business
Lawyers for the bankrupt crypto firm alleged that Sam Bankman-Fried and other FTX insiders used misappropriated funds to acquire the Swiss-based firm which came to be known as FTX Europe.
The stablecoin issuer said it had made a marginal reduction in headcount to focus on core business activities and execution.
Bitcoin
The government moved 9,825 BTC seized from the Silk Road hacker in three separate transactions on Wednesday.
The crypto exchange assured users that it maintained 1:1 reserves for assets held on the platform and a “technical issue” was behind the halt in BCH withdrawals last week.
Some users reported issues with the bankrupt crypto exchange’s claims portal shortly after it went live on Tuesday.
DeFi
Suspicions around a rug pull orchestrated by insiders were reinforced on Tuesday after Multichain saw another round of abnormal outflows across various chains.
Algofi, which accounted for more than 50% of value on Algorand, said it will shortly move into withdrawal-only mode.
The cross-chain communication blockchain’s data integration solutions will be available to customers of Microsoft Azure.
Regulation
Jay Clayton said it would be “hard to resist” approving a spot Bitcoin ETF if the institutions applying can demonstrate its efficacy and efficiency as a method for investors to engage with the digital asset.
