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Bahamas Regulator Confirms It Ordered FTX Exchange to Transfer Crypto Assets to Government Wallets

It seems that astonishing surprises keep unveiling out of the FTX incident. As per the latest development, the Securities Commission of Bahamas has confessed that it directed SBF to transfer the assets of the company to the state reserve. In the aftermath of this intrusive hack, Bahamas has now become the largest ETH holder in … Read more

Asset Management Company Fidelity Is Hiring 100 People To Boost Its Cryptocurrency Unit

Fidelity Investments, an asset management company with a valuation of up to $4.5T, is reportedly considering appointing nearly 100 more people to advance its division of digital assets, in direct contrast to the recent exclusion of the talent from the crypto industry. Fidelity Considers Enhancing Its Crypto Component by Hiring Hundred More Employees Bloomberg has … Read more

Offchain Labs Has Acquired Core Development Team Of Ethereum Prysmatic Labs

Prysmatic Labs, a core development team at the back of the Ethereum Merge, has been obtained by Offchain Labs – known as the developer of Arbitrum (a layer-2 network of Ethereum). Offchain Labs did not disclose the financial terms of the contract nonetheless noted that there were several reasons for Prysmatic Labs to begin a … Read more

Mysten Labs Raises $300 Million To Accelerate Its Sui Blockchain’s Adoption

Mysten Labs, the firm at the back of Sui (the layer-1-based blockchain that has not yet been launched) has gathered up to $300M to focus its attention on constructing the fundamental infrastructure as well as elevating the ecosystem of the Sui blockchain. Meta’s Ex-Executives Gather $300M to Enhance Sui Blockchain’s Adoption The blockchain firm, the … Read more

StackinSat Founder Says Narratives Promoting Blockchain Hinder Broader Adoption of Bitcoin

After a decade-long struggle in the crypto industry – out of some self-justified individual viewpoints – a few members of the crypto community determined to stand against the primary crypto token called Bitcoin (BTC). However, this resulted in the emergence of a narrative that negated Bitcoin but supported the blockchain sector. StackinSat Founder Says Bitcoin … Read more