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Congresswoman Maxine Waters Questions Meta’s Ongoing Crypto Efforts
22.1.2024
A letter sent to the tech giant said it still has five active patents related to cryptocurrencies, despite the firm saying that it has no digital assets-related works ongoing
Senators Introduce New Crypto Legislation to Combat Illicit Finance in Crypto
18.1.2024
United States Senators Cynthia Lummis (R-WY) and Bill Hagerty (R-TN) introduced a new bill to combat illicit finance across the crypto sector on Wednesday. Disrupting bad actors Known as the Preventing Illicit Finance Through Partnership Act of 2024, the bill aims to coordinate efforts between...
Circle CEO Jeremy Allaire Expects US to Pass Stablecoin Legislation in 2024
16.1.2024
Circle CEO Jeremy Allaire has expressed his confidence in the United States finally passing long-awaited stablecoin legislation this year. In a recent interview with CNBC at the World Economic Forum’s annual meeting in Davos, Switzerland, Allaire said there is growing momentum in...
Coin Center Responds to Scathing Letter from Senator Elizabeth Warren
15.1.2024
Adobe Coin Center has responded to allegations made by Senator Elizabeth Warren claiming the crypto non-profit was working to “undermine bipartisan efforts in Congress” by hiring “former defense, national security, and law enforcement officials.” Coin Center pushes back...
Celsius Network Unstakes Ethereum Holdings Amid Reorganization Efforts
5.1.2024
The bankrupt cryptocurrency lender Celsius Network announced its plan to unstake significant holdings of ethereum to facilitate asset distribution to its creditors. This move is part of the firm’s ongoing efforts to restructure and resolve outstanding liabilities. Crypto Lender Celsius...
Celsius Network Announces Unstaking of Ethereum Holdings to Facilitate Distribution to Creditors
5.1.2024
Source: Adobe/Canva Now-defunct cryptocurrency lender Celsius Network has revealed plans to unstake its Ethereum (ETH) holdings as part of its efforts to distribute assets to creditors. In a recent announcement made on X, Celsius Network shared that it intends to carry out...
dYdX Reveals Post-Mortem Findings: Identifies Attacker and Considers Legal Measures
4.1.2024
Image Source: Unsplash Decentralized exchange dYdX has released a post-mortem report detailing the “targeted attack” it experienced on its v3 platform in November. The attack resulted in a $9 million loss from its insurance fund, which represented approximately 40% of its total...
China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange
29.12.2023
Source: AdobeStock / Wit Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts to mitigate financial risks. In a joint statement released on Wednesday,...
Mt. Gox Creditors Report Double Payments in Settlement Funds; Exchange Seeks Remediation
27.12.2023
Source: AdobeStock / 24K-Production Mt. Gox, the once-dominant cryptocurrency exchange that famously collapsed in 2014, has recently encountered a new hurdle in its efforts to repay creditors. Reddit users are now reporting a payment error stemming from what the exchange describes as...
Coinbase Fires Back at Senator Elizabeth Warren — Says Accusations Are Unfounded
26.12.2023
Nasdaq-listed crypto exchange Coinbase has responded to U.S. Senator Elizabeth Warren’s accusations that it hires national security veterans to oppose her legislation. “Your claim that Coinbase is attempting to undermine bipartisan legislation related to cryptocurrency is simply wrong....
Elizabeth Warren Opposes Blockchain Lobbying Efforts, Writes Letter to Association – What’s Going On?
19.12.2023
Source: YouTube/Senator Elizabeth Warren Sen Elizabeth Warren has opposed the growing cryptocurrency lobbying efforts in Washington calling on all stakeholders to support regulations to clamp down on terrorist financing amid other concerns. In a letter addressed to the United States Blockchain...
Elizabeth Warren Pushes Back at Blockchain Lobbying Efforts
19.12.2023
In a letter to the Blockchain Association, the U.S. senator accuses the group of undermining Congress
3AC’s Su Zhu Examined in Singapore Court as Prosecutors Seek to Recover Creditor’s Assets
13.12.2023
Source: Adobe/Christophe Fouquin Three Arrows Capital’s (3AC) co-founder Su Zhu was probed in a Singapore court for the first time about the company’s collapse as prosecutors intensified efforts to recover funds belonging to creditors. According to a recent Bloomberg report, Zhu will be subject...
Kazakhstan Financial Regulator Barred 980 Crypto Firms For Non-Registration
8.12.2023
Source: Iliya Mitskavets/Adobe The Financial Monitoring Agency (FMA) blocked 980 digital asset exchanges for offering trading services to users in Kazakhstan without the required regulatory nod. In a Dec 7 press release, the financial regulator revealed that it barred almost 1,000 crypto trading...
Is Sei Going to Zero? SEI Price Declines 10% as New Mining System Bags $5 Million in Crowdfunding Efforts
7.12.2023
Sei Logo / Source: Sei Website Digital asset trading focused layer-1 blockchain Sei (SEI) has seen its token price pull back over 12% in the past 24 hours. Sei, whose token debuted on major exchanges in August, was last trading just under $0.28 per token, down from the multi-month highs in...
GHO Stablecoin Hits $0.98 Target as Strategic Initiatives Spearhead Turnaround
2.12.2023
Beginning in mid-July 2023, the stablecoin from Avara (previously known as Aave), a decentralized finance firm, consistently traded below its target $1 peg, reaching a low of $0.917 on October 24. Nonetheless, in recent weeks, the Liquidity Committee of the project undertook efforts to rectify this...
KyberSwap Announces Grants from Protocol Treasury to Aid Victims of Recent Exploit
2.12.2023
Source: AdobeStock / Roman Samokhin The team behind KyberSwap announced that it would offer grants from the protocol’s treasury to victims of the recent exploit, aiming to provide monetary relief. In a post on X (formerly Twitter), the team behind KyberSwap reiterates its unwavering...
Terraform and Do Kwon’s Attempt to Dismiss Class-action Lawsuit Fails: Report
1.12.2023
Source: YouTube/Coinage Defunct blockchain protocol Terraform Labs is currently fighting legal challenges in Singapore and appears to be facing setbacks. According to a local news outlet, the creators of the algorithmic stablecoin TerraUST and its founder, Do Kwon, have had their efforts...
Investors Make Mad Rush to Invest in Chimpzee’s (CHMPZ) Final Presale Stage as Mania for Bonus Kicks In
30.11.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Chimpzee (CHMPZ) is raising an enormous amount of attention as investors really want to get a hold of the token before the final stage is over. The project has consistently made headlines for...
India Seeks Extradition of Prime Suspect in $240M Crypto Scam from UAE
30.11.2023
Source: Pexels Indian authorities are intensifying efforts to bring the alleged mastermind behind a massive $240 million cryptocurrency scam back to the country. The special investigation team (SIT) of the Himachal police, after nearly two months of probing, has prepared a comprehensive 2,100-page...