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06 Apr 23

India is targeting one million CBDC users in three months

As the world of cryptocurrency continues to expand, India is aiming to the lead in embracing this digital frontier. According to reports, with its ambitious retail central bank digital currency (CBDC) project, India aims to bring the digital rupee to one million users within three months. Let’s delve into the digital rupee’s progress, the challenges, […]

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29 Mar 23

Safemoon hacked for nearly $9 million

Safemoon has suffered an exploit of $8.9 million. The attacker reportedly took advantage of the “public burn” feature on the platform to orchestrate the heist in the BNB Chain-based DeFi protocol. Safemoon, a BNB Chain-based decentralized finance (DeFi) protocol, is the latest project to fall victim to hackers. A bad actor has successfully exploited the […]

Crypto mining

03 Feb 23

Core Scientific strikes a deal with NYDIG to see off $38.6 million debt

Amid its current bankruptcy proceedings, crypto miner Core Scientific has agreed with NYDIG to pay down its $38.6 million debt by giving over about 27,403 computers that were used as security. The motion was filed to Southern District U.S. Bankruptcy Court for Texas on Thursday. It aimed to seek the go-ahead from the company, stating that […]

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23 Dec 22

Details of $250 million bond deal behind ex-FTX boss release

The troubled founder of FTX, Sam Bankman-Fried, was released from a New York court today after reaching a bond agreement deal worth $250 million. He is currently awaiting trial for charges related to fraud and other criminal offenses. He left the U.S. District Court in Manhattan with his parents after the equity in his family […]

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23 Dec 22

Crypto community reacts to Sam Bankman-Fried’s $250 million bond

The former CEO of FTX’s ability to post bail and agree to terms attached is drawing criticism from the wider crypto community. Sam Bankman-Fried’s $250 million bail bond, which allowed him to spend Christmas at his parents’ Palo Alto home without paying anything upfront, seems to have offended many who thought he would end up […]

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21 Dec 22

Democrats intend to return at least $9.85 million in FTX donations

American political organizations will refund millions of dollars of Sam Bankman-Fried’s donations as they deal with FTX fraud’ allegations. Sam Bankman-Fried’s donations to political parties are to be refunded CNBC reports that Sam Bankman-Fried, the former CEO of FTX, and Nishad Singh, the former head of engineering at FTX, donated $3 million to the pro-Democratic […]

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