Bored Gen DMCC, the issuer of islamic coin, has cooperated fully with the Virtual Assets Regulatory Authority’s ongoing investigation into the token’s issuance and distribution. Bored Gen, however, still needs to “secure…
Filmmaker Makes Millions After Risky Dogecoin Bet Pays Off — Faces Netflix Lawsuit
A U.S. filmmaker reportedly made a profit of more than $20 million from a bet on the cryptocurrency dogecoin. Netflix accuses the filmmaker of using funds meant for the production of a TV series to place risky bets on a biotech company, the S&P…
Martin Shkreli Tells CZ ‘Jail Ain’t so Bad,’ Speculates About Sentence
Martin Shkreli, also known as ‘Pharma Bro,’ directed his attention to former Binance CEO Changpeng “CZ” Zhao’s situation, with CZ having recently pleaded guilty to money laundering charges as part of a $4.3 billion…
Kyber Network Confirms Security Incident in Which $47 Million Was Stolen
Kyber Network said on Nov. 22 that Kyberswap Elastic “experienced a security incident” in which crypto assets worth more than $45 million were stolen. Kyber Network said it was investigating the incident and urged all “users to…
SEC Scores ‘Huge Victory’ in Binance-DOJ Settlements, Former SEC Official Says
The U.S. Securities and Exchange Commission’s former head of internet enforcement has detailed why the SEC is a huge winner in the Binance settlements with the U.S. Department of Justice (DOJ), the Treasury, and other federal authorities. He…
Blackrock Pushes to Use In-Kind Creation Method for Spot Bitcoin ETF: Report
Blackrock, the world’s largest asset manager, has reportedly pushed for using the in-kind creation method for its bitcoin exchange-traded fund (ETF), diverging from the cash creation model favored by the U.S. Securities and Exchange Commission…
Ethereum L2 Platform Blast Draws $400M in a Week Despite Invite-Only Access and Criticism
This week, the crypto community is abuzz with discussions about Blast, a new Ethereum layer two (L2) platform. The project gained prominence after securing a notable $20 million in funding, spearheaded by Paradigm and Standard Crypto, among other…
ECB Chief Christine Lagarde Reveals Her Son Invests in Crypto Despite Her Warnings — ‘He Ignored Me Royally’
The president of the European Central Bank (ECB), Christine Lagarde, has reportedly revealed that her son invested in crypto despite her warnings. “He ignored me royally,” Lagarde shared, noting that after he lost 60% of the money he invested, she…
UAE’s Bitcoin Mining Firm Phoenix Group Secures $370 Million in Oversubscribed IPO
The United Arab Emirates (UAE) is making its entry into the bitcoin mining sector. In a recent declaration by Phoenix Group PLC, a bitcoin mining enterprise, it was revealed that the company successfully garnered $370 million through an initial…
Wallet of Satoshi Exits US Market Amidst Record-Breaking Month, Leaving Customers to Seek Alternatives
On Friday, Wallet of Satoshi, a provider of Lightning Network payment services, announced its departure from the U.S. market, though it refrained from providing specific reasons. The firm informed its U.S. clientele that they could “withdraw…
Bitcoin’s price on November 24, 2023, reflects a steady rise in value, standing at $37,903. Over the past 24 hours, BTC has fluctuated between $36,972 and $38,078, with a trading volume of $17.41 billion, signaling strong market activity to…
Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea
In a decision by the Podgorica High Court, ex-Terraform Labs chief executive Do Hyeong Kwon (Do Kwon) is set to be extradited following his four-month incarceration in Montenegro for fabricating travel papers. The extradition bids originate from…
US State Regulator Shares Most Common Crypto Complaints
The California Department of Financial Protection and Innovation has outlined the most frequently reported complaints related to cryptocurrency. Emphasizing “a rising trend in crypto-related complaints,” the regulator advised: “Be…
What’s the main reason behind cryptocurrencies’ success? One word – decentralization. Bitcoin offers what global banks can’t. Every major bank you know or are a client of is centralized and, thus, controlled by a central…
How Analysts Think Binance’s $4.3B Settlement Will Help Crypto Grow
While the recent settlement between Binance, its former CEO Changpeng Zhao, and the U.S. Department of Justice (DOJ) has shocked the entire crypto industry due to the supposed money laundering and terrorism-related financial implications it has…
Bitcoin Mining Pool F2pool Acknowledges OFAC Transaction Censorship; Backpedals After Community Backlash
F2Pool, a Bitcoin mining pool, has admitted to filtering transactions coming from Bitcoin addresses flagged by the Office of Foreign Assets Control (OFAC). After the situation was discovered by 0xB10C, a Bitcoin developer, F2pool co-founder Chun…
Court Upholds Detention of Ex-FTX CEO Sam Bankman-Fried, Deeming Release Arguments ‘Unpersuasive’
As Sam Bankman-Fried’s legal representatives gear up to appeal the ex-FTX chief’s recent verdict, they have requested the court for his provisional release from the Metropolitan Detention Center in Brooklyn, New York. Upon examination…
US Prosecutors Urge Court to Keep Binance’s Ex-CEO in the Country Amid Flight Risk Concerns
In the wake of the settlement between the U.S. Department of Justice and Binance, the world’s largest crypto exchange, federal authorities are insisting that the exchange’s former CEO, Changpeng Zhao (CZ), remain stateside until his…
Glassnode Analysis Reveals Spot Bitcoin ETF Approval Could Unleash $70B Capital Influx
The approval of a spot bitcoin exchange-traded fund (ETF) in the U.S. could inject substantial new capital into the cryptocurrency market. Glassnode’s latest analysis on the subject provides a deep dive into how spot bitcoin ETFs could…
Richard Teng Takes Charge as Binance CEO Following Changpeng Zhao’s Exit
After Changpeng Zhao’s exit, Richard Teng has stepped in as the new chief executive officer of Binance, the globe’s largest crypto exchange in terms of trading volume. On Tuesday, Teng made his introduction to the public through social…
CAGA Crypto’s Quantum Leap: Liquid Staking, Governance, and Listings on Gate.io and Bitmart
PRESS RELEASE. USA, New York, November 23, 2023 – In the dynamic realm of decentralized finance (DeFi), CAGA Crypto emerges as a remarkable example of innovation and community-driven governance. As it prepares for listing on major…
On November 22, 2023, data revealed that Bitcoin’s hashrate, as calculated on a seven-day moving average, attained an unprecedented level of 500 exahash per second (EH/s), which is tantamount to about 0.5 zettahash per second (ZH/s)…
Bitcoin User Unwittingly Pays $3.1 Million in Single Transaction Fee
Onchain data reveals a staggering incident where a bitcoin user inadvertently paid a fee of 83.65 BTC, amounting to a costly mistake of $3.1 million, in a single transaction. This blunder occurred in block 818,087, mined by Antpool, marking the…
PRESS RELEASE. BingX, a global leading crypto exchange, proudly announces the launch of its transformative rebranding initiative, solidifying its position focusing on trader empowerment. The rebranding reflects BingX’s commitment to inspiring…
Stitch Launches Payment Service Allowing Customers to Settle With Crypto in South Africa
A new product offering recently launched by Stitch, a South African payment service provider, now enables customers to settle transactions with crypto. According to Stitch, this new functionality makes it possible for customers to pay with bitcoin…
Dwallet Labs Says It Uncovered Infstones Validator Vulnerabilities Which Left $1 Billion in Staked Assets ‘Compromised’
Cyber security firm Dwallet Labs said on Nov. 21 that vulnerabilities it found on several Infstones (a validator company) validators a few months ago “meant over $1B of staked assets were compromised.” Infstones has acknowledged the…
PRESS RELEASE. London, November 23rd 2023 – Verasity, a leading advertising ecosystem built on open-ledger principles and creators of internationally patented Proof of View technology for preventing ad fraud, today announces the launch of…
Ghana’s Central Bank Names Eight Money Transfer Companies Operating Without Its Approval
The Bank of Ghana recently pointed the finger at eight money transfer organizations which are allegedly operating in Ghana’s remittances and forex market without its approval. The central bank also warned the public and regulated financial…
US Seizes $9 Million in Tether Allegedly Linked to Pig Butchering Crypto Scams
The U.S. Department of Justice (DOJ) has seized $9 million in tether (USDT) allegedly linked to “pig butchering” crypto scams. The Justice Department explained that U.S. Secret Service agents and analysts tracked the laundering of…
Congressman Calls for Gensler’s Removal After SEC Sues a Crypto Exchange Twice in 10 Months
A U.S. lawmaker has urged Congress to pass his bill that would fire U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. This call followed the securities regulator filing a second lawsuit against crypto exchange Kraken this year…
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