Appeals Court Overturns OpenSea Insider Trading Conviction
A U.S. federal appeals court has overturned the conviction of Nathaniel Chastain, a former product manager at OpenSea, the leading marketplace for non-fungible tokens (NFTs). Chastain had previously been found guilty of wire fraud and money laundering in a high-profile case that was widely regarded as the first insider trading prosecution in the digital asset […]
Crypto Adoption Nears Tipping Point as 99% of CFOs Eye Long-Term Use
A new survey conducted by Deloitte reveals that 99% of Chief Financial Officers (CFOs) across North America plan to incorporate cryptocurrency into their long-term financial strategies. The findings highlight a growing shift in how major corporations view digital assets, with 23% of CFOs stating they expect to adopt crypto within the next two years. The […]
Philippines Launches Blockchain Document Verification on Polygon Despite Network Outage
The Philippine government has officially launched its blockchain-powered system for securing and verifying key budget documents, choosing the Polygon network as its foundation. Despite facing a temporary outage on the same day, officials moved forward with the rollout, emphasizing the country’s commitment to transparency and innovation in public finance. The initiative, spearheaded by the Department […]
Employee Arrested After $44M Stolen in CoinDCX Hack
A major internal security breach at CoinDCX, one of India’s leading cryptocurrency exchanges, has led to the arrest of a 30-year-old software engineer after nearly $44 million was stolen from the company’s internal liquidity wallet. The suspect, Rahul Agarwal, was part of the firm’s DevOps team and is alleged to have been the entry point […]
Phoenix Group Launches $150M Crypto Treasury with Bitcoin and Solana Holdings
Phoenix Group, a publicly listed Bitcoin mining and digital infrastructure company, has officially launched a $150 million cryptocurrency treasury. The treasury is primarily composed of Bitcoin (BTC) and Solana (SOL), making Phoenix Group the first company on the Abu Dhabi Securities Exchange (ADX) to hold crypto assets as part of its corporate reserves. The digital […]