Paolo Ardoino – the outspoken CTO of Tether and Bitfinex – is set to testify this week as part of a years-long class action lawsuit against both exchanges after the executive’s attempt to delay deposition was rejected by the court. On Friday, legal counsel for the stablecoin issuer and crypto exchange…

A tweet from Dominic Alvieri, a cybersecurity analyst and security researcher, sent shockwaves through the crypto community as it claimed that the Ethereum Name Service (ENS) had fallen victim to a breach, resulting in data being dumped by SiegedSec.Launched in 2017 by Nick Johnson, Ethereum Name Service, a distributed and…

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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Announcing: Orderly Omnichain – The realization of the first step in our vision: a high-speed shared liquidity CLOB trading infrastructure, with liquidity deployed across all leading chains.Now, Perp traders from all major chains will settle orders in…

Bitget, a crypto exchange platform, announces a new $100 million to focus on the growth of its ecosystem. The fund is believed to be focused on developing regional exchanges, analytics firms, and media organizations. Bitget, the Seychelles-based company, commenced a series of funding earlier this year after launching $300 million to…

In an effort to promote regulatory clarity in the cryptocurrency industry, several prominent crypto and blockchain companies have joined forces to establish the Crypto Freedom Alliance of Texas.The alliance, which includes a16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital, and Paradigm, aims to advocate for the development of coherent…

Former Celsius CEO Alex Mashinsky, who has been embroiled in legal troubles since his company’s bankruptcy and his subsequent arrest, is now seeking to have the Federal Trade Commission (FTC) drop its case against him. In a recent court filing, Mashinsky’s legal team has argued that the FTC’s allegations lack the…

Zodia Custody, a subsidiary of Standard Chartered, has officially launched its digital asset custody services for financial institutions in Singapore. The company aims to cater to the growing demand from institutions seeking bank-grade custody solutions for digital assets in the Asia-Pacific region, CNBC reported. This development positions Zodia as the first entity…

Major cryptocurrencies saw declines on Monday following an announcement by bankrupt crypto exchange FTX detailing its holdings as of August 31.Bitcoin fell to lows around $25,000, while Ethereum dropped below $1,560 in trading on Monday. Other major cryptocurrencies like Binance Coin and XRP also saw drops of 3.57% and 5.87%…

The influence of artificial intelligence (AI) on various sectors is no longer news, and the crypto industry is no exception. In the crypto market, the impact of AI is becoming increasingly evident. AI-centric projects are creating a ripple effect that is influencing the value of their associated cryptocurrencies. Among the…