Under El Salvador’s recently approved immigration reform law, foreigners who donate to the government’s social and economic development programs will be eligible for expedited citizenship. However, the reform law does not reveal the amount of bitcoins that foreigners must donate to become eligible for expedited citizenship. El Salvador’s Successful Bitcoin Bet According to reports, El […]
No Evidence Hamas Received Significant Crypto Donations: Elliptic Says Data Has Been Misrepresented
Blockchain analytics firm Elliptic says there is no evidence that Hamas has received significant volumes of cryptocurrency donations, emphasizing that crypto data it provides on the matter has been misrepresented. Noting that crypto accounts linked to Hamas have been seized or frozen, Elliptic says: “This illustrates the weakness of crypto as a terrorism fundraising tool. […]
FTX Engineer Reveals $8B Bug, Lavish Spending, and Political Donations in Explosive Testimony Against Bankman-Fried
Nishad Singh, former director of engineering at FTX, testified this week against his former boss Sam Bankman-Fried, detailing a software bug that hid billions in missing funds and excessive spending on celebrities and real estate. Singh Points Finger at $ 8 Billion Bug and Bankman-Fried’s Spending Sprees Nishad Singh told the court that …
Stanford University Vows to Return $5.5M FTX Donations; Funds Initially Allocated for Pandemic Prevention
In the wake of a lawsuit targeting the parents of Sam Bankman-Fried, Stanford University’s spokesperson has announced intentions to give back the millions garnered from FTX and its affiliates. Records indicate that a whopping $ 5.5 million in gifts to Stanford traces back to the FTX empire. FTX’s Pandemic Protection Push Pauses: Stanford Announces …
Singapore Red Cross Says It Now Accepts Crypto Donations
Well-wishers who want to financially support the Singapore Red Cross can now do so via crypto donations. All donations are converted into fiat currency within 24 hours after the donation has been made. Benjamin William said his organization has enabled the crypto option for “donors who are tech-savvy and wish to make a difference through […]