According to emerging reports, the US has been pushing for stricter regulations on the cryptocurrency industry by engaging with UK and Canadian officials. Gary Gensler, the Securities and Exchange Commission Chairman, leads the efforts. These developments suggest a potential shift towards tighter…
In a Twitter thread, Balaji Srinivasan, the former CTO of Coinbase and a prominent American entrepreneur, announced that he had deposited a whopping $2 million in USDC as part of his bet with James Medlock, a tax enthusiast on Twitter. Balaji’s confirmation…
Dogecoin is a crypto that derives its name from an internet meme called “doge.” The coin has come a long way since its inception in 2013. It briefly hit a market valuation of $88.1 billion in May 2021 after recording a substantial…
According to Montenegro’s Ministry of Interior, Terraform Labs co-founder Do Kwon was arrested yesterday at an airport in the country’s capital city of Podgorica. The agency’s head Filip Adzic stated that the Montenegrin police were holding a south Korean citizen in detention….
On Tuesday, former OneCoin director of legal and compliance Irina Dilkinska was handed over to US authorities by the Bulgarian government. OneCoin was a crypto Ponzi scheme that left investors counting combined losses of $4.9 billion. Dilkinska is believed to have created…
The total crypto market capitalization has increased by 0.8% to $1.17 trillion, following net inflows of $9.79 billion in the past 24 hours. During this period, the top ten crypto assets by market cap posted mixed results, with Dogecoin and Cardano being…
In a celebratory tweet, Shooter-Filmmaker-Feathered Serpent, a well-known Bitcoin trader on Twitter, praises President Nayib Bukele’s revolutionary crypto policies, hailing them as a significant step forward for El Salvador’s financial landscape. According to the crypto analyst, the guidelines would give Bitcoin a…
Kwon Do-Hyung, also known as Do Kwon, the former CEO of Terraform Labs, has been taken into custody by U.S. authorities on fraud charges. The arrest, which reportedly occurred in Montenegro on Thursday, is related to the crash of TerraUSD stablecoin last…
Bitwest Group review If you are already with an online trading firm and are still reading this, then it means you are tired of your current trading partner. If what I’m assuming is correct, then I believe you are not happy with…
On March 22, the FTX team agreed to start the recovery of $460 million invested by Sam Bankman Fried in a venture capital Modulo Group. The funds were wired by the FTX affiliate company Alameda research in 2022. Based on the FTX…
The prominent American venture capitalist and crypto entrepreneur Tim Draper presented his speech at the 2023 Blockchain week in Paris. In his statement, Draper recited a Bitcoin song he had composed to narrate investors’ loss of confidence in banking. Draper’s piece, “The…
Dante Disparte, the chief strategy officer at Circle Internet Financial Ltd., has confirmed that his Twitter account has been hacked. The Circle team tweeted on March 22 revealed that bad actors compromised Disparte’s Twitter profile to promote fake USD Coins. The hackers…
The embattled crypto exchange Bitzlato has activated the user interface to allow consumers to withdraw 50% of their Bitcoin assets. The Bitzlato team has encouraged users to use the Telegram bot and Phoenix bots to withdraw their frozen assets. A telegram statement…
There are still layers of information that are to be unfolding on the matter of the biggest banking failure in the history of the USA. One such revelation has been published recently about Signature Bank. The secret report has suggested that the…
On March 20, the International Monetary Fund (IMF) legislators issued a report on the impact of central bank digital currency (CBDC) on Islamic banks. The IMF official examined the CBDC and monetary policy’s relationship to understand its impact on Islamic banking. The…
The UK-based lending platform Euler Finance has been holding private meetings with the exploiters who stole $196 million. The March 16 flash loan attack prompted the Euler team to develop strategies to recover the stolen amount that has started to bear fruits….
The Monetary Authority of Singapore (MAS) regulators issued a press release on March 20 revealing plans to publish the final crypto and stablecoin consultation report. The MAS report revealed that the consultation report is expected to be posted by mid-2023. The proposed…
Stargate Foundation has been advised by FTX liquidators to avoid its DAO (Decentralized Autonomous Organization) from reissuing the STF token. Stargate Finance (STG) token is the native token of the Stargate Foundation. FTX liquidators believe that reissuing the STF token would cause…
Governor of South Dakota, Kristi Noem, has decided to take a stand against a CBDC bill that has rejected the status of cryptocurrencies as money. The bill postulates that only CBDCs that are issued by the Central Bank are going to be…
A report from the Financial Supervisory Commission of Taiwan (FSC) issued on March 20 revealed that the formulation of the crypto regulatory framework is at its preliminary stage. The report stated that the FSC is tasked to oversee the operation of Taiwan’s…
