Blockchain News Archives - Page 25 of 32

Consensus Mechanisms Race to Fix PoW and PoS Flaws Before 2032 Security Crunch

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As 2025 unfolds, the bedrock consensus mechanisms powering Bitcoin and Ethereum—proof-of-work (PoW) and proof-of-stake (PoS)—are under fire after hacks and halving-driven budget fears. Rivals like Stellar’s trust-based PoA and Quai’s turbo-charged PoEM claim to fix the cracks. A Closer Look at PoW and PoS Ryan Berckmans, crypto ecosystem researcher and long-time Ethereum community member, told […]

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FTX to Deliver Up to 120% Creditor Payout in May 30 Second Distribution Wave

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FTX Trading Ltd. and the FTX Recovery Trust announced today that distributions under the FTX Chapter 11 Plan of Reorganization will resume on May 30, 2025. The forthcoming round, known as the Second Distribution, will be made to eligible creditors in the Convenience and Non-Convenience Classes who have completed all required steps, including KYC verification,

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Sonic Labs Secures Court-Ordered Multichain Liquidation After 0M Hack, Users Await Repayment

Sonic Labs Secures Court-Ordered Multichain Liquidation After $210M Hack, Users Await Repayment

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The High Court of Singapore has approved a winding-up order against Multichain Foundation Ltd., a once-prominent cross-chain infrastructure protocol, following a 2023 security breach that caused over $210 million in user losses. The order, issued on May 9, 2025, came in response to a petition filed by Sonic Labs (formerly the Fantom Foundation), which was

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25 Arrested as South Korean Police Crack Down on Multiple Crypto Scam Rings

Leave a Comment / Blockchain News, crypto crime, South Korea / best time

South Korean authorities have dismantled a sprawling crypto investment scam ring that deceived dozens of victims by posing as financial experts and promising high returns. The Jeju Metropolitan Police Agency announced the arrest of 25 individuals connected to four separate criminal organizations behind the elaborate scheme, local media outlet yna reported. According to officials, the

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Russian Power Engineers Develop New Solutions to Hunt Illegal Crypto Miners

Leave a Comment / Blockchain News, Crypto Mining, Russia / best time

Russian power engineers say they have developed new methods to help them track down and prosecute illegal crypto miners operating in areas prone to electricity shortages. The Russian media outlet RG quoted the North Caucasus branch of the national power provider Rosseti as stating that it has used the solutions to detect “dozens of underground

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Asia’s Richest Ditch U.S. Dollars for Crypto, Gold and Chinese Assets, UBS Reveals

Leave a Comment / Blockchain News, Chinese Assets, Crypto Investment, News, UBS / best time

Key Takeaways: This approach reflects a broader industry trend of using creative financing methods in the crypto space. The move illustrates both the potential rewards and inherent risks of tying corporate strategy closely to cryptocurrency markets. During a Bloomberg event in Hong Kong on Tuesday, UBS executive Amy Lo revealed Asia’s billionaires are yanking cash

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Blockchain Association Chooses CFTC’s Summer Mersinger to Lead High-Stakes Crypto Lobbying

Leave a Comment / Blockchain, Blockchain News, CFTC, Crypto Regulation News, News, Regulation / best time

Washington’s crypto playbook flipped on May 14 when Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger agreed to helm the Blockchain Association, leaving the regulator for the industry’s most influential trade group. Summer Mersinger to Leave CFTC According to a post published on the Blockchain Association’s official X account, Mersinger will leave her position at

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CryptoQuant: South Korea’s Three Presidential Front-Runners Embrace Crypto – Policy Shift Ahead?

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In a historic shift for South Korea’s political and financial scene, all three major presidential candidates in the upcoming June 3 election have declared support for Bitcoin exchange-traded funds (ETFs) and institutional investment in virtual assets, according to a report by Yonhap News Agency cited by CryptoQuant. All three major South Korean presidential candidates support

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EToro Seeks to Pull In Almost 0M In US IPO Priced Above Projections

EToro Seeks to Pull In Almost $620M In US IPO Priced Above Projections

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Crypto and stock trading platform eToro priced its upsized US initial public offering at $52 per share, seeking to raise nearly $620m after boosting its offer above the marketed range of $46 to $50. It plans to list on the Nasdaq Global Select Market under the ticker ETOR on May 14. Founded in 2007 as

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South Korean Crypto Exchange Deregulation Plans Set to Rock Banking Sector

Leave a Comment / Blockchain News, crypto exchange, South Korea / best time

South Korean crypto exchange deregulation proposals could affect the nation’s banking industry, dealing a blow to the likes of K Bank, reports have claimed. South Korea’s Financial Post reported that the Democratic Party, the National Assembly’s biggest party, is currently “considering” issuing a manifesto promise to ditch existing fiat on/off banking rules. Crypto Exchange Deregulation

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