Showing posts with the label Crypto BriefingShow all
Do Kwon’s Bail Revoked; Terra Execs to Stay in Jail in Montenegro: Bloomberg
12 days ago, Do Kwon and Han Chang-joons bail was accepted. Now, it has been revoked by the higher courts of Montenegro. A high court in Montenegro annulled th…
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Binance Refutes Reuters’ Claims of Commingling: “Story is so weak”
Binance, the world’s largest cryptocurrency exchange by trading volume, is staunchly denying allegations made by Reuters that it commingled customer funds with…
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Bitget Receives Polish Regulatory Licence as Fifth-Largest Exchange Moves Further into EU
Cryptocurrency exchange Bitget confirmed its registration as a Virtual Asset Service Provider (VASP) in Poland on May 23, granting Bitget the legal right to co…
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Genesis’ Parent Company DCG Missed a $650M Payment to Gemini, 232,000 Earn Users in Limbo
The Digital Currency Group (DCG), a leading crypto conglomerate and parent company of Genesis lending division, finds itself entangled in the bankruptcy procee…
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Texas Votes to Require Exchanges’ Proof of Reserves; Next Stop Governor’s Desk
Texas is set to become the first state in the United States to pass a bill requiring digital asset service providers, such as crypto exchanges, to maintain pro…
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SlingShot DAO Launches Platform to Utilize DAO Votes for New Game Onboarding
SlingShot DAO, a gaming idea launchpad, created a platform that aims to democratize game creation putting users in charge of which game to add to the platform.…
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Binance Australia Suspends Cash Withdrawals, Loses Banking Partner due to Compliance Shortcomings
Binance Australia, a subsidiary of one of the industrys largest cryptocurrency exchanges, has announced that it will be suspending deposits and withdrawals of …
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Ripple Scores Win in XRP Securities Lawsuit: Hinman Speech Stands
Judge Analisa Torres denied the Securities and Exchange Commissions (SEC) motion to seal documents related to a controversial speech on cryptocurrency by forme…
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Bitcoin Cash Network Enables Developers to Create Tokens
At block height 792,772, CashTokens was officially implemented on the Bitcoin Cash network on May 15, 2023. This new upgrade allows developers to create tokens…
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EU Council Approves Comprehensive Crypto Regulatory Framework
The European Union Council the financial arm of the EU approved the Markets in Crypto-Assets (MiCA) regulations on May 16, a landmark piece of legislation that…
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Zimbabwe Sold $39M Worth of Gold-Backed Crypto Amid IMF Warning
The Reserve Bank of Zimbabwe (RBZ) has sold $39 million worth of gold-backed crypto, around 14 billion Zimbabwean dollars, in an attempt to stabilize the count…
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Celsius Transfers $75M of Ethereum to Staking Service Figment
Celsius Network, a defunct crypto lending platform, transferred 40,928 ETH, or $70 million, to staking service Figment last week, according to data from crypto…
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Lawyers of Kwon, Chang-joon Request $400K+ Bail and House Arrest
The attorneys representing co-founder of Terra Do Kwon and Terra executive Han Chang-joon proposed that they be put under house arrest upon posting bail of 400…
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EU to Crack Down on Crypto Tax Evasion with Greater Surveillance: Impending Legislation
The European Commission is making progress toward an EU-wide agreement, called the Directive on Administrative Cooperation (DAC8), to curb tax evasion and bett…
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Do Kwon’s Luxury Cars, Apartments Seized as Courts Freeze $2B of His Assets
South Korean authorities have frozen around $2 billion worth of assets tied to Do Kwon, the CEO of blockchain firm Terraform Labs, as they continue their inves…
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Sam Bankman-Fried Wants 10 Charges Dropped, Not Guilty on All Counts
Sam Bankman-Fried (SBF), the former CEO and founder of collapsed crypto exchange FTX and research group Alamada Research, seeks to have 10 criminal charges dro…
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Crypto Whale Loses $500K+ Speculating on Pepe Memecoin
Following its Friday launch on Binance, the PEPE memecoin dropped 38% after three days, resulting in steep losses for speculators. Pepe Coin (PEPE), the memeco…
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SEC Reluctant to Define Digital Assets, Crypto Regulatory Uncertainty Continues
Despite proposing a definition for digital assets less than one year ago, the SEC needs some extra time for deliberation. The United States Securities and Exch…
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Will AI Elevate Crypto Technology? Crypto.com Next to Leverage AI
On May 2, Crypto.com announced the release of a personal crypto named Amy, an artificial-intelligence powered companion intended to serve as a crypto expert re…
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Coinbase Sued by California for Mishandling Biometric Data
Coinbase has been sued by the state of California in violation of Illinois Biometric Information Privacy Act (BIPA). The popular crypto exchange is accused of …
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