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Nansen’s astute analysts recently unearthed “unusual transactions between FTX and Alameda” in the days preceding FTX’s tumultuous financial downfall. Blockchain data experts from Nansen have delved deep into the events leading up to the catastrophic demise of FTX. This includes the transfer of a staggering $4.1 billion worth of FTT tokens between the exchange and Alameda Research. A comprehensive report from Nansen, shared exclusively with Cointelegraph, unveils an array of remarkable findings from the blockchain analytics firm. It sheds light on the remarkably close-knit relationship between these two entities, both founded by the enigmatic Sam Bankman-Fried, who currently faces a slew of charges linked to the cataclysmic collapse of FTX. The precipitous fall of FTX is widely attributed to initial reports that sounded the alarm regarding Alameda’s hefty 40% stake, totaling $14.6 billion, in FTT tokens as of September 2022. Nansen’s perceptive analyst...

Although Bitcoin mining is a complex and expensive business, specialized services are emerging to lower the entry barriers for beginners. With Bitcoin mining difficulty at an all-time high, is it too late for beginners to start mining the largest cryptocurrency by market cap? The short answer is No — there are specialized services that make the whole mining process look easy. Bitcoin mining is a tricky business. It requires expensive hardware equipment, cheap and stable electricity and a lot of maintenance to keep the facility in shape, like cooling systems and hardware updates. These days, starting Bitcoin mining operations from scratch as an individual is not a good business plan. Many factors need to align perfectly, including geography, energy costs, regulation, weather and the Bitcoin (BTC) price itself. Still, the upfront costs are too high for regular people. Beginners can start mining by joining specialized mining pools. However, due diligence is needed because mining pools ch...

Project DAMA is a novel digital asset management access system for transacting tokenized securities. According to a report on Feb. 21, Deutsche Bank Singapore and Memento Blockchain have successfully completed the proof of concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per its report, asset managers were able to create a digital asset fund with its own soulbound token and launch a direct fiat-to-digital on-ramp for users. Institutional investors could then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator, or through a built-in marketplace. As the first step, Deutsche Bank and Memento Blockchain created a decentralized finance (DeFi) platform on Ethereum (ETH) and a unique, non-transferable Soulbound Token. Using the SBT, platform developers could then verify the identity of the wallet owner and grant them access to investment ...