Syed Ali Haider
Ali Haider is a Blockchain enthusiast and writer passionate about enhancing the acceptance, adoption, and integration of Blockchain technology worldwide. He has also been an advocate for digital freedom and cybersecurity for many years. He is busy analyzing the crypto market when he's not penning down his words.
FTX Owes To Big Firms, Including Netflix, Apple, Google, Binance, Stanford University
News

FTX Owes To Big Firms, Including Netflix, Apple, Google, Binance, Stanford University

As the FTX saga continues to unfold, more details about the collapsed exchange have come to light. The recently released list of FTX creditors shows the scope of Sam Bankman Fried’s empire. The 116-page document revealed that FTX owed 9,693,985
Jan. 26, 2023
Crypto Exchange Luno Is Laying Off 35% Of Its Workforce
News

Crypto Exchange Luno Is Laying Off 35% Of Its Workforce

Luno, a crypto exchange owned by Digital Currency Group (DCG), recently joined the list of crypto firms laying off employees. On January 25, the company announced that it would lay off 35% of its global workforce, citing challenging market conditions and the
Jan. 25, 2023
FBI Confirms North Korea Was Responsible For $100M Harmony Crypto Hack
News

FBI Confirms North Korea Was Responsible For $100M Harmony Crypto Hack

The Federal Bureau of Investigation (FBI) announced Monday evening that actors linked to North Korea were responsible for stealing $100 million from a California-based crypto firm last June. Lazarus Group and APT38, two hacking groups linked to North
Jan. 24, 2023
Crypto Exchange Gemini Is Laying Off 10% Of Its Workforce
News

Crypto Exchange Gemini Is Laying Off 10% Of Its Workforce

Crypto exchange Gemini is cutting 10% of its workforce, The Information reported on Monday, citing an internal message. Gemini, co-founded by twin brothers Cameron and Tyler Winklevoss, is subject to New York banking regulations. The two attributed the
Jan. 24, 2023
Crypto Firm Bitzalato Accused of Money Laundering Over $700 Million, Founder Arrested
News

Crypto Firm Bitzalato Accused of Money Laundering Over $700 Million, Founder Arrested

In a press conference Wednesday, U.S. authorities targeted crypto exchange Bitzlato Ltd. with accusations of money laundering and arrested its founder, Anatoly Legkodemov, in Miami. The Treasury Department designated Bitzlato for allegedly laundering illegal
Jan. 18, 2023
FTX Reports $415 Million In Crypto Assets Was Hacked
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FTX Reports $415 Million In Crypto Assets Was Hacked

On Tuesday, collapsed cryptocurrency exchange FTX reported to creditors that hackers stole $415 million worth of crypto from its exchange accounts. FTX’s CEO, John Ray, said that about $323m had been hacked from FTX international exchange and $90m from
Jan. 18, 2023
Crypto Bank Silvergate Reports $1B Net Loss In Q4 Of 2022
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Crypto Bank Silvergate Reports $1B Net Loss In Q4 Of 2022

The latest financial reports of a leading global virtual assets bank, Silvergate, show that the company has been hit hard by the ongoing crash in the crypto industry. Silvergate announced a $1 billion net loss for common shareholders during the fourth quarter
Jan. 17, 2023
Bitcoin Getting Green, Tops $21,000
News

Bitcoin Getting Green, Tops $21,000

Bitcoin, the world’s largest and most popular cryptocurrency, continues to rise in 2023. Over the weekend, the price hit its first high of $21,000 after FTX and Alameda Research’s crypto market collapse. It traded as high as $21,360 on Sunday. It is
Jan. 17, 2023
Bulgaria Charges Four People Following Raid On Nexo Office
News

Bulgaria Charges Four People Following Raid On Nexo Office

Bulgarian prosecutors have indicted four people less than 48 hours after raiding the Bulgarian office of cryptocurrency lender Nexo in Sofia. Individuals have been accused of unlicensed banking activities, tax crimes, money laundering, and computer fraud in a
Jan. 14, 2023