In a latest development, SEC Commissioner Hester Peirce, known as “Crypto Mom” in the community, criticized the SEC for not confessing sooner that crypto tokens are not securities by default. While speaking at the Practising Law Institute’s SEC Speaks conference in Washington, D.C., she stressed the negative effects SEC’s regulatory ambiguity is having on the...Read More
Ether futures open interest has hit a record high of $14 billion, signifying increased market activity. Interestingly, this rise in Ether open interest coincides with Ethereum’s price surge to $3,650, an increase of 18% in the last 24 hours. The increased chances of a possible Ethereum ETF approval have fueled this bullish outlook on Ethereum....Read More
Binance, one of the world’s largest cryptocurrency exchanges, has made a strategic move to regain access to the Belgian market. The exchange recently faced regulatory tensions in the country, which led to a halt in its services. To ensure continuity for its Belgian clientele, Binance has decided to route its services through Binance Poland Sp.,...Read More
The U.S. Justice Department may have already indicted or intends to indict Binance, according to cybersecurity expert John Reed Stark. He suggested that a recent motion in civil court aimed at keeping the matter secret may be evidence of impending legal action against the cryptocurrency exchange. Binance, which operates one of the world’s largest cryptocurrency...Read More
The Ethereum Foundation has officially introduced the Ethereum Execution Layer Specification (EELS) after over a year of development. EELS is a Python reference implementation of the crucial components of an Ethereum execution client, with a focus on readability and transparency. This new system allows for the filling and execution of state tests, as well as...Read More
DeForm, a startup that offers marketing solutions in the Web3 space, has recently raised $4.6 million in seed funding. The funding round was led by industry leaders, including Nascent and Delphi Digital. DeForm provides a range of services, from token design and governance to digital asset strategies and brand and influencer marketing. Their platform helps...Read More
Blockchain security firm CertiK has reported that cybercriminals have targeted the crypto space and made away with over $45 million worth of crypto assets in August alone. Since the beginning of the year, the firm believes that a total of $997 million worth of crypto assets have been stolen. With an increasing number of crypto...Read More
In a rare move, the Vitalik address has sold 500 Maker (MKR) tokens for 350 Ethereum (ETH) through CoWswap, marking the first time the address has sold MKR in two years. Following the sale, the ETH was transferred to another address, which now holds assets worth over 1 million USD, including 415.76 ETH. The sudden...Read More
Criptonite Asset Management’s CEO, Florian Rais, has expressed his disappointment at the lack of regulatory clarity on cryptocurrencies in the United States. He believes that the current ambiguity is stifling innovation and growth in the industry. Rais believes that clear guidelines on digital assets would provide much-needed direction to businesses, thereby ensuring a level playing...Read More
A court filing by FTX, a well-known cryptocurrency exchange, has revealed that Sam Bankman-Fried, the CEO of rival firm Alameda, allegedly used funds gained through insider trading to purchase a $2.5 million yacht. The filing also suggests that Alameda was aware of Bankman-Fried’s misconduct and turned a blind eye. Alameda went on to collapse in...Read More
Famous footballer Cristiano Ronaldo went through a lie detector test conducted by cryptocurrency exchange Binance, a move that has sparked curiosity among his millions of fans and followers. Although the reason for the test remains unclear, the athlete acknowledged it as one of his toughest challenges yet. The video for the test has yet to...Read More
Crypto exchange FTX has temporarily suspended the accounts of users impacted by the recent Kroll cybersecurity breach. The move was announced on X (formerly Twitter) as a proactive measure to prevent further incidents or harm. FTX has taken this step to secure its claims portal and prevent any unauthorized access. The exchange has assured its...Read More
Paolo Ardoino, the Chief Technology Officer of Tether, sparked rumors with a recent social media post that included the phrase “Tether Energy. The container in the image had the company’s logo, indicating that Tether might be making a move into the energy sector. The public is left to speculate about what Ardoino has in store...Read More
Binance, a leading cryptocurrency exchange recently experienced five major Bitcoin withdrawals worth $150 million in the span of a minute. The transactions were all recorded in block 804522 and could be indicative of various factors, such as security, investment strategy, or preparation for a significant transaction. The movement of such an enormous amount of Bitcoin...Read More
The Monetary Authority of Singapore (MAS) has recently launched a new regulatory framework for stablecoins in the country. The framework aims to promote strong value stability of these digital assets, and it applies to all issuers, blockchain platforms and intermediaries dealing with Singapore dollar-backed stablecoins. It also sets out the requirements for these entities to...Read More
Hangzhou unveils a blockchain-based data exchange platform aimed at revolutionizing enterprise IT data trading. Developed by officials in the city’s High-tech Zone, the avant-garde platform is expected to redefine the way businesses handle data. Chen Chun, an academician of the Chinese Academy of Engineering, describes the new platform as a pivotal development for enterprise data...Read More
Roman Semenov, the co-founder of Tornado Cash, a decentralized privacy solution for Ethereum, has been added to the US Office of Foreign Assets Control’s (OFAC) list of Specially Designated Nationals and Blocked Persons (SDN). The OFAC list is used to target individuals and entities suspected of being involved in activities that threaten US national security,...Read More
Miami Mayor and Presidential Candidate Francis Suarez has expressed interest in taking his salary in Bitcoin if elected President. Suarez, who is already doing so as mayor, believes it would be a “fun” move to make as president. The statement was made during a podcast interview with The Block. While some politicians have expressed skepticism...Read More
Cryptocurrency exchange Binance’s investment arm, Binance Labs, has announced its latest investment in Delphinus Lab, a provider of zkWASM infrastructure. With this investment, Delphinus Lab aims to provide automated verification and batch processing services for Web3 application development. The company has already introduced the first fully open-source zkWASM virtual machine, making it easier for developers...Read More
Prime Trust, a Nevada-based financial company, has filed for bankruptcy after the state’s business regulator issued a cease-and-desist order earlier in June. The order cited the firm’s “critically deficient” financial condition and inability to honour customer withdrawals. This has raised concerns about the safety of digital asset custody held by Prime Trust, a crucial service...Read More
Bankrupt cryptocurrency firm Voyager has transferred 1,500 ETH and 250 billion SHIB, worth a total of approximately $5.5 million, to Coinbase. The crypto firm is also planning to move all the remaining tokens to its main address to streamline operations and manage its holdings efficiently. With $81.63 million worth of cryptocurrency now held in Voyager...Read More
MuesliSwap, a decentralized exchange based on the Cardano blockchain, has announced that it will be refunding users who have been impacted by high slippage over the past year. The team acknowledged that it had not provided adequate clarity on the slippage feature within its protocol and has decided to take action to address this. Users...Read More
South Korean prosecutors investigating the collapse of Terra-Luna are looking to submit the recent U.S. ruling on Ripple cryptocurrency to a Seoul court to prove Luna is financial security, according to a spokesperson for the prosecutor’s office. The prosecutors plan to use the ruling to demonstrate that Terraform Labs’ Luna cryptocurrency constitutes an unregistered offering...Read More
The Monetary Authority of Singapore (MAS) will invest up to S$150 million ($111 million) in its Financial Sector Technology and Innovation Scheme (FSTI 3.0) to support projects in the field of cutting-edge technologies or solutions developed for the region. FSTI 3.0 will include three new tracks, including enhanced mentoring for start-ups, a focus on environmentally,...Read More
Digital asset manager Galaxy Digital may face further delays in its plan to list on Nasdaq if a class action lawsuit against it in Canada is certified, according to sources. The suit, filed in December, seeks CAD $2 billion in damages, alleging that Galaxy failed to comply with reporting requirements on its holdings of the...Read More
US financial trade associations and state banking groups have expressed concerns over the stablecoin bill currently under review in the House of Representatives. The American Bankers Association, the Credit Union National Association, and the Consumer Bankers Association all raised issues over the current state charter option and called for increased federal oversight in addition to...Read More
Indonesia’s national cryptocurrency exchange has opened for business, becoming the only legal venue for the exchange of digital assets in the country, according to the Commodity Futures Trading Supervisory Agency. The exchange had been in the works since December 2021 and was delayed from its scheduled launch date at the end of 2022 to June...Read More
Hong Kong Regulator on crypto exchanges Hong Kong’s rapid embrace of cryptocurrency and Web3 technology reflects significant advancements in mainland China, according to Animoca co-founder Yat Siu. Siu pointed to China’s Web3 whitepaper release in May, showcasing the country’s focus on internet tech. Hong Kong’s crypto-friendly regulations have garnered attention in mainland China, providing a...Read More
Robert Kiyosaki, author of “Rich Dad Poor Dad,” has made a new prediction regarding the price of Bitcoin. He believes that the BRICS alliance will soon announce a gold-backed cryptocurrency, which could impact the value of the US dollar. To protect against impending inflation, Kiyosaki advises his followers to invest in gold and silver. He...Read More
The Australian Securities and Investment Commission (ASIC) has carried out a search at Binance’s offices in Australia as a part of an ongoing inquiry into the crypto exchange’s former derivative businesses. The search, which happened on Tuesday, concentrated on Binance’s adherence to Australian regulations. A Binance spokesperson recently said that the exchange is “ Committed...Read More
