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CFTC Proposes New Rule to Strengthen Customer Protections After FTX Collapse
14.12.2023
Source: Pixabay The Commodity Futures Trading Commission has voted on a proposal to introduce a rule aimed at enhancing safeguards for individuals engaging in trades through a derivatives clearing organization. The rule, called the “Protection of clearing member funds held by derivatives clearing...
Yearn.finance Ask Traders to Return Gains Following $1.4 Million Multisig Error- What’s Going On?
14.12.2023
Source: AdobeStock / Sergey Nivens Decentralized finance (DeFi) protocols Yearn.finance has called on arbitrage traders to return excess profits they accrued as a result of a multi-signature scripting error that led to a $1.4 million drain. In a Dec 11 GitHub post, the protocol’s contributor...
Vitalik Buterin Proposes Enshrined ZK-EVM for Enhanced Ethereum Main Chain Efficiency
14.12.2023
Source: ShutterStock Vitalik Buterin, Ethereum’s co-founder, has introduced a conceptual architecture called the enshrined Zero-Knowledge Ethereum Virtual Machine (ZK-EVM) to enhance the main chain’s efficiency. According to Buterin’s latest blog, this proposal of the enshrined...
DOJ Charges Two Men For $25 Million Crypto “Trading Bot” Ponzi Scheme
13.12.2023
Source: Department of Justice In another crackdown against crypto criminals, the U.S. Department of Justice (DOJ) has charged two middle-aged men with stealing over $25 million from victims in a so-called “cryptocurrency Ponzi scheme.” Citing court documents, the DOJ accused David Gilbert Saffron...
SBF’s Lawyer Says FTX Founder was the “Worst” Witness he has Ever Seen, “Almost Impossible” to Win: Report
12.12.2023
A Stanford Law professor who worked on the landmark fraud trial of FTX founder Sam Bankman-Fried said he was the “worst person” he had ever seen do a cross-examination and called the odds of winning the case “almost impossible,” according to a new Bloomberg report. Mills roasts SBF Specializing...
Kojima's Xbox Exclusive Is Called OD And Involves Jordan Peele
8.12.2023
Hideo Kojima, creator of Metal Gear and director of Death Stranding, revealed a first look at his new Xbox exclusive tonight. It’s called OD and Jordan Peele is involved in it. The director of Get Out and Nope said the project is unlike anything players have seen in a game before. Read more
Worldcoin Foundation Launches $5 Million Community Grants Program’ Wave0′
7.12.2023
The iris-scanning project Worldcoin (WLD) has unveiled an initiative aimed at supporting innovators working on resilient technology and fostering more equitable systems. On December 6, the Worldcoin Foundation unveiled a community funding initiative called “Wave0,” allocating $5 million...
5 Crypto to Accumulate Before 2024 Bull Run
6.12.2023
Crypto markets have begun December with a bang, with Bitcoin already up roughly 15% since the start of the month. Expected near-term spot Bitcoin ETF approvals, the upcoming Bitcoin halving and a growing macro narrative that the US Federal Reserve is on the brink of a so-called “dovish” policy...
3 Best Scandal Coins to Buy Now
4.12.2023
So-called “scandal” tokens are seeing a massive pump as risk appetite in the broader crypto market amps up as Bitcoin (BTC) hits fresh highs for the year above $42,000. Scandal tokens are cryptocurrencies/tokens associated with failed or defunct crypto projects/firms that were struck down...
South African Crypto Exchanges Revix and Bitfund Merge With Austrian Digital Asset Platform
3.12.2023
Two South African crypto platforms and an Austria-based digital asset platform have joined forces to launch a new alternative investment platform called Altify. The goal of the new outfit is to enable South African investors, particularly the younger ones, to harness the power of alternative...
VIP Binance Traders Reportedly Heard of DOJ Settlement in September
1.12.2023
A number of Binance’s top traders were given exclusive details regarding the crypto exchange’s yet-to-be-announced settlement deal with the U.S. Department of Justice in September, according to a new report. An exclusive dinner According to the report published by Bloomberg, a number of Binance’s...
UK City Minister Asks Regulators to Embrace Some Risk-Taking in Financial Markets
29.11.2023
Source: AdobeStock / Mary The new minister for the City of London has called on regulators to adopt a more accommodating approach towards risk-taking in a bid to revitalize the UK’s stagnating economy. Bim Afolami, who recently assumed his position as part of a ministerial reshuffle...
EU Parliament Tasks Members to Take Leading Role in Metaverse-Tech Implementation
28.11.2023
Source: AdobeStock / Grecaud Paul The European Union (EU) parliament has called on member-states to take the lead in the creation of digital worlds in terms of strategy and technology implementation. In a Nov 29 press release, the body urged relevant parties in the jurisdiction to take charge...
Spain’s Crypto Users to Declare Digital Assets on Foreign Platforms as Tax Agency Updates Guidelines
28.11.2023
Source: alexlmx/Adobe Spain’s tax administration agency, popularly called Agencia Tributaria has released new rules governing digital asset reporting in the country that will see holders declare their foreign-held assets. The tax agency released form 721, a tax reporting form for users that hold...
Hong Kong Police Receive 145 Complaints of Hounax Crypto Scam Totaling $18.9M
28.11.2023
Hong Kong authorities confirm 145 victims and nearly $19 million lost in crypto scam involving unlicensed exchange Hounax. Image by Alexey Novikov, Adobe Stock. Authorities in Hong Kong have confirmed that 145 individuals filed complaints regarding losses from an unlicensed cryptocurrency exchange...
European Banking Authority Launches New Consultation on Crypto Travel Rule
28.11.2023
The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto assets service providers (CASPs) must complete...
Bitcoin User Alleges Hack Linked to Erroneous 83.65 BTC Fee Incident
27.11.2023
The crypto community was initially baffled by the massive fee of 83.65 BTC, originally attributed to a costly mistake. However, recent revelations paint a darker picture. According to a social media account on X called “@83_5BTC,” hackers stole the funds from the unnamed individual...
Crypto Gurus Are Quietly Stacking This Low Cap Gem – Is It the Best Kept Secret?
27.11.2023
Crypto gurus are bullish on an overlooked low cap cryptocurrency called Launchpad XYZ that seeks to provide access to Web3 and leverage AI for advanced crypto analytics. Image by Fareed Mindalano, DALL-E 3. Low cap cryptocurrency project Launchpad XYZ has raised over $2 million so far in...
‘Cantillon Effect’ Can Be Countered by Having ‘Bitcoin Only’ Companies Present at the Negotiating Table — Swan Bitcoin MD
27.11.2023
The crypto industry can stop the so-called Cantillon Effect from occurring by establishing large enough “Bitcoin only” companies that will sit on the negotiating table with the U.S. Federal Reserve and major financial institutions, Swan Bitcoin’s Terrance Yang has said. According...
Binance Wallets Move Approximately $4 Billion in Stablecoin Ahead of DOJ Settlement
23.11.2023
Source: Unsplash Binance wallets have moved $3.9 billion worth of Tether (USDT) in a recent transaction amid the exchange’s pending $4.3 billion penalty that it agreed to pay to the Department of Justice. On-chain data shows that the majority of the funds were transferred from one Binance...