Following lawsuits against Binance and Coinbase, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has made his intentions clear about the digital assets class. These are securities, nothing less, he asserted in a recent interaction. They should be registered with the agency before being offered to investors or meet the requirements to seek exemptions,...Read More
After over a decade, the Department of Justice (DOJ) has tracked down and charged the hackers who stole hundreds of thousands of Bitcoin from the defunct crypto exchange giant Mt. Gox. The primary criminals identified are Russian nationals Alexey Bilyuchenko (43) and Aleksandr Verner (29). Mt Gox Hackers Found As stated by the DOJ in...Read More
Seychelles-based cryptocurrency exchange OKX has implemented the 20th round of its Buy-Back and Burn program, burning nearly 5.5 million OKB tokens this time. According to a blog post, the total number of OKB tokens bought back from the secondary market and burned was 5,497,312.77, worth $258 million at a 90-day average. OKX Burns 5.5M OKB...Read More
Ethereum co-founder Vitalik Buterin believes Ethereum still requires “three major technical transitions” to fully mature as a tech stack – and anything less will be insufficient. In a Friday blog post, the developer highlighted what’s needed to implement each of his ideal improvements, which could include “deep changes from applications and wallets.” Scaling, Security, and...Read More
The largest banking institution in Russia by assets value – Sberbank – will reportedly enable private investors to buy and sell digital currencies in the following weeks. The entity jumped on the bandwagon a few years ago, attempting to launch several cryptocurrency projects. For one, it sought approval to issue its own digital currency and...Read More
Dan Sunghan – Director of the Financial Crime Investigation Bureau at the Seoul Southern District Prosecution Service – claimed that the former crypto mogul Do Kwon had moved nearly $30 million in digital currencies to an unknown wallet shortly after his arrest in Montenegro. The 31-year-old South Korean has faced huge criticism and was blamed...Read More
2023 got off to a great start, even better than most expected, especially after such a rough ending to 2022 with the FTX drama. When events like the FTX insolvency happen, people often imagine we’d see two to three years of crypto winter with significantly less volume. However, the market is already past that stage,...Read More
At the center of the high-stakes case brought by the United States Securities and Exchange Commission is determining which crypto-assets are securities. While the agency has been hinting for some time that it considers most crypto-assets to be unregistered securities, this week’s charges up the ante considerably, much to the industry’s horror. Bitcoin, for one,...Read More
The Chief Legal Officer of Ripple, Stuart Alderoty, recently took to Twitter to express his deep appreciation for the insights of the late Harvey Pitt, former Chairman of the U.S. Securities and Exchange Commission (SEC). Remembering former SEC Chair Harvey Pitt today. Ripple owes a debt of gratitude to Harvey for explaining that once the...Read More
The situation between Coinbase, Binance, and the United States Securities and Exchange Commission is likely to get ugly before a resolution is reached in one direction or another. However, Ripple has been at the forefront of the SEC’s legal actions as it received the first blow from the securities regulator during the winter of 2020....Read More
Bitcoin is by far the most popular and most powerful cryptocurrency available today. From its decentralized nature to limited supply security through cryptographic technology, Bitcoin has disrupted the typical financial landscape. And it has captured the imagination of investors and enthusiasts at the same time. Now, what makes Bitcoin such a special and unique cryptocurrency...Read More
Following Monday’s announcement of lawsuits against Coinbase and Binance, firms both inside and outside of the crypto industry have started polarizing. The civil lawsuit filed against Binance – which the SEC claims is the real beneficiary of Binance.US – has not yet begun. However, companies with exposure to the situation have started taking steps to...Read More
The recent actions of the SEC against Binance and Coinbase signify a new phase in the US’ long-running effort to regulate cryptocurrencies. As was expected, both exchanges have faced withdrawal pressure and the market has taken a hit – with stock prices and valuations of US-based crypto firms sliding. So too the altcoins that may...Read More
[PRESS RELEASE – London, England, June 8th, 2023] Decentralized wireless network operator World Mobile has announced the successful completion of field tests of its DeWi technology in three African countries. The tests conducted in Kenya, Mozambique, and Nigeria demonstrate the scalability of World Mobile’s hybrid-connectivity solution and pave the way for a rollout across the...Read More
