World’s largest crypto exchange, Binance has seen a massive outflow of assets following news that its CEO Changpeng “CZ” Zhao Was resigning after pleading guilty to criminal charges in the U.S. Data from DeFiLlama revealed that the exchange recorded a net outflow…
The departure of Sam Altman from OpenAI has exposed the tech company to potential career gaps as more employees threaten to step down. In a recent update, the OpenAI core team demanded the board to reconsider its decision and return Altman. In…
The Securities and Exchange Commission (SEC) on Monday filed a lawsuit against one of the biggest global crypto exchanges, Kraken. The agency is alleging that Kraken violates securities laws by running an unregistered online trading platform. In response to the lawsuit, Kraken…
The Securities and Exchange Commission (SEC) has filed a lawsuit against another top crypto exchange, Kraken, for not registering as a securities trading platform. In the suit filed on Monday, the SEC said it’s seeking a judgment to permanently forbid Kraken from…
As the legal peril against non-compliant firms intensifies, crypto firms have taken strategic action to comply with the US Securities and Exchange Commission (SEC). Despite the efforts to meet the regulatory requirements, the ongoing SEC crackdown on crypto firms has forced vital…
With the advancement in the digital sector crypto has become a tool for conducting unlawful activities forcing industrial players to take decisive action to protect the digital industry from collapsing. As part of the pivotal role to shield the crypto industry from…
The banking regulator in Canada, the Office of the Superintendent of Financial Institutions (OSFI), has called on banks to give feedback on guidelines on how banks should report crypto exposure. Similarly, the Basel Committee on Banking Supervision (BCBS) is asking for feedback from…
The departure of Sam Altman as the chief executive of the giant tech firm OpenAI has triggered a top-level exodus. A source privy to the information stated that the departure of Altman from OpenAI has deepened the leadership shakeup. In a recent…
The crash of Sam Bankman Fried-led crypto exchange FTX has been described as another Lehman shock in the financial sector that plunged most firms to liquidity. The aftermath of the FTX challenged the regulators to team up with the key industrial players…
In an advancement announcement, Standard Chartered Bank’s investment and innovation division SC Ventures released a tokenization platform dubbed Libeara. Launching the Libeara positions Standard Chartered Group among the list of companies seeking to capitalize the tokenization of real-world assets (RWA). Lately, the…
The securities and exchange commission (SEC) has given itself an applause for “another highly productive year” in crypto-related charges in 2023. The agency said in a report that it filed 784 total enforcement actions in the fiscal year 2023, including big names…
The crypto industry has reacted to the proposed tax reporting rules put forward by the Treasury. The proposed regulation in collaboration with the Internal Revenue Service (IRS) will require crypto brokers to be treated in the same way as brokers for traditional investments…
In an advanced communication, Fnality International raised $95 million in a Series B funding round. The successful funding round was led by Wall Street key market players, including Goldman Sachs and BNP Paribas. Other companies participating in the funding round included Wisdom…
As the countdown to April 2024 Bitcoin halving begins, critical players in the crypto sector forecast that the demand for BTC will double down. Michael Saylor, the co-founder of MicroStrategy, anticipates that BTC will increase by ten times before the end of…
As the crypto community ponders the next move for the collapsed Bahamian crypto exchange FTX, the former top executives have established a significant comeback in the digital sector. The return of the former executive aims at identifying the critical areas that went…
In an advanced announcement, hackers launched a malicious attack on the Poloniex hot wallet, draining assets worth $126 million. The hacking incident was first flagged by Peckshield at 10:55 UTC on November 10 after hackers transferred a measurable amount of funds to…
There are high hopes for the approval of a spot Bitcoin ETF in the U.S. This has led to optimism that Bitcoin’s price will rise, so the entire industry is looking forward to the approval. However as decisions on the already submitted…
Analysts at JP Morgan have said the rally in the crypto market is “overdone”, making them doubt the sustainability of the ongoing trend. The analysts led by Nikolaos Panigirtzoglou wrote in a report on Wednesday that said the rally has been fueled…
In a Bloomberg report, the ongoing hype on ChatGPT came to a standstill after bad players launched a distributed denial of service (DDoS) attack. News concerning the attack was shared by OpenAI status update outlining the severity of the attack. The OpenAI…
In an advanced communication, Stackr Labs raised $5.5 million in a seed funding round. The successful fundraising was led by Archetype in collaboration with Scalar Capital. Other companies that supported Stackr included Lemniscap, Celestia Labs and Spartan Group. Also, prominent angel investors…
