In Moscow, investors of the crypto exchange Beribit were given chocolates instead of their money back. Around 400 million rubles, or roughly $5 million USD, are currently frozen in accounts of the exchange. For two days, clients have been protesting outside the office, demanding their funds be returned. As a researcher studying recent events in … Read more
Custodia Bank, a Wyoming-based institution known for its crypto services and lack of FDIC insurance, is appealing a lower court’s decision denying its attempt to join the U.S. banking system. The bank wants a federal appeals court to review Judge Scott Skavdahl’s dismissal of their request for a Federal Reserve master account. On April 26, … Read more
Google Cloud is helping Web3 startups thrive with an exciting new initiative. Based on the announcement, this program provides resources and tech to supercharge projects in the decentralized world. Google Cloud is powering the expansion of Web3 startups through a groundbreaking new initiative. As stated in the announcement, this program equips various decentralized projects with … Read more
Learning from FTX: The Necessity of Self-Custody and Hybrid Exchanges in Crypto As an analyst looking back at the aftermath of the FTX collapse and the ensuing media frenzy, it has become apparent that this event brought about unforeseen and far-reaching consequences for our industry. The harsh reality is that this incident served as a … Read more
Io.net suffered a cybersecurity breach on April 25th. Hackers exploited previously exposed user tokens, allowing them to manipulate device metadata through SQL injection attacks. In response, we swiftly implemented new security measures, such as device-level auth zero authentication (OKTA), to prevent future incidents. As a crypto investor, I’ve been following the unfortunate news about Io.net’s … Read more