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Binance.US Opposes SEC, Calls Requests “Unduly Burdensome” in New Filing
12.9.2023
Binance.US has called the ‘compel and reply’ motion by the Securities and Exchange Commission (SEC) unreasonable and “unduly burdensome.”
According to court documents filed on Sept. 12 by BAM Trading Services, the legal entity of Binance.US, the exchange claims the depositions requested by...
Offchain Labs announces partnership with Espresso System
12.9.2023
Offchain Labs has announced a partnership with Espresso Systems. The objective is to bring sequencing technology to Ethereum roll-ups, provided they meet the nature of being open-source and decentralized. The partnership is based on the assumption that a total of three elements will be integrated....
Bitget Unveils $100M Fund to Expand Ecosystem and Foster Strategic Partnerships
12.9.2023
Bitget, a crypto exchange platform, announces a new $100 million to focus on the growth of its ecosystem. The fund is believed to be focused on developing regional exchanges, analytics firms, and media organizations.
Bitget, the Seychelles-based company, commenced a series of funding earlier this...
Luno Exchange to Temporarily Halt Certain UK Client Investments Due to Upcoming FCA Regulations
12.9.2023
Luno, a crypto exchange owned by Barry Silbert’s Digital Currency Group (DCG), plans to stop certain UK clients from trading crypto due to regulatory changes that are coming into effect.
The new regulations, introduced by the UK’s Financial Conduct Authority (FCA) and expected to come into effect...
Sony and Startale Labs form partnership to build a blockchain
12.9.2023
Startale Labs recently announced a joint venture with Sony Network Communications. The collaboration will see the parties develop a blockchain for Sony. The blockchain network will be used to support the worldwide Web3 infrastructure. Both parties will merge their partner networks, expertise,...
Tron's Justin Sun Considers Buying FTX's Holdings Tokens to Ease Selling Impact on Markets
12.9.2023
A potential liquidation of FTX holding tokens will have a significant impact on the market as the figure hits $1.3 billion in assets experts opine.
Justin Sun, the founder of Tron Network contemplates making a bid for the assets held by FTX to reduce the impact a sale could have on the market...
FLOKI Addresses Rumors and Denies Association with PetabyteCapital – What's Going On?
12.9.2023
FLOKI INU, a popular crypto meme project, addressed users on X about allegations and rumors about its projects and warned the crypto community to beware of anyone using their brand name and reputation to promote any project to them, as it is likely a scam.
FLOKI used their X handle @RealFlokiInu...
Bankrupt Celsius Founder Alex Mashinsky Asks Court to Dismiss US FTC Case
12.9.2023
Former Celsius CEO Alex Mashinsky, who has been embroiled in legal troubles since his company's bankruptcy and his subsequent arrest, is now seeking to have the Federal Trade Commission (FTC) drop its case against him.
In a recent court filing, Mashinsky's legal team has argued that the FTC's...
Vitalik Buterin Discloses Twitter SIM Swap Attack That Drained $691K From Users’ Wallets
12.9.2023
Ethereum co-founder Vitalik Buterin revealed that his recent Twitter (X) account hack, that wiped over $691,000 victims’ funds in a fake NFT promo, was a result of a “SIM swap” attack.
Blockchain analyst ZachXBT, which confirmed $691,000 had been drained from people's wallets, declined...
Shocking Sybil Attack Uncovered: Individual Controls Over 21,000 Wallets on zkSync Network
12.9.2023
According to a recent X thread, it has recently come to light that an individual has orchestrated an incredibly sophisticated Sybil attack on zkSync, a layer-2 scaling solution for Ethereum.
This Sybil attack has given this individual control over a staggering 21,877 wallets within the network....
Five Arrested in Thailand for Alleged Involvement in $76M Crypto Scam
12.9.2023
In a coordinated cross-border operation, Thai authorities have arrested four Chinese nationals and one Lao citizen suspected of orchestrating a massive 2.7 billion baht ($76 million) crypto scam, Bangkok Post reported.
The investigation, led by the Cyber Crime Investigation Bureau (CCIB)...
Standard Chartered's Crypto Subsidiary Zodia Custody Launches in Singapore
12.9.2023
Zodia Custody, a subsidiary of Standard Chartered, has officially launched its digital asset custody services for financial institutions in Singapore.
The company aims to cater to the growing demand from institutions seeking bank-grade custody solutions for digital assets in the Asia-Pacific...
Elon Musk's Twitter Targeted: Beware of the $25 Million Crypto Scam
11.9.2023
After 10 months of Elon Musk’s rule, crypto scams on X (formerly Twitter) are still thriving.
One of the platform’s latest, more prolific scams came in the form of a fake ‘GBTC’ token giveaway. Scammers feigned association with the Grayscale Bitcoin Trust – the world’s largest Bitcoin fund...
Liquidity in Crypto Markets Highly Concentrated Among Eight Exchanges
11.9.2023
A recent report by crypto researcher Kaiko reveals that crypto trading liquidity is highly concentrated, with eight major exchanges handling almost 90% of the trading volume.
Among these exchanges responsible for the vast majority of volume are Binance, Coinbase, OKX, and Huobi, the Kaiko report...
FTX Estate Takes Legal Action Against LayerZero Labs to Recover $86 Million
11.9.2023
FTX’s bankruptcy estate has taken legal action against LayerZero Labs, the development firm behind a cross-chain swap protocol, in a bid to reverse a series of financial transactions conducted by FTX’s former management shortly before the exchange filed for bankruptcy.
The lawsuit centers around...
SushiSwap Goes Beyond Ethereum Compatibility, Announces Integration With Aptos
11.9.2023
Decentralized digital asset exchange, Sushi has expanded its operations to layer 1 blockchain Aptos integrating its Sushi v2 Automated Market Maker (AMM) and SushiXswap on the network.
This development marks the first time the decentralized exchange (DEX) will be integrated on a blockchain without...
Binance Executive Rejects Comparisons With Collapsed FTX
11.9.2023
Richard Teng, the head of regional markets at Binance has stressed that the world’s largest cryptocurrency exchange has no operational similarity with collapsed FTX.
Speaking with Andrew Fenton, he addressed multiple issues facing the exchange ranging from regulatory issues, users, and...
France Moves To License TradFi and Crypto Influencers
11.9.2023
French authorities have rolled out a licensing program for influencers involved in financial products including cryptocurrencies citing investor protection concerns.
The Autorité des Marchés Financiers (AMF) and the Autorité de Régulation Professionnelle de la Publicité (ARPP), two French...
Anchorage Digital CEO Highlights 'Widespread' Self-Custody Risks After Prime Trust Bankruptcy
11.9.2023
The collapse of crypto custodian Prime Trust in recent months has underscored the inherent risks of self-custody within the cryptocurrency industry, according to Diogo Monica, CEO of San Francisco-based crypto bank Anchorage Digital.
Speaking in an interview with crypto news outlet Decrypt, Monica...
Friend.tech (TVL) Doubles To Reach Over $20 Million After Being Pronounced Dead
11.9.2023
Friend.tech, a decentralized social media platform, has experienced a rapid resurgence, with its Total Locked Value (TVL) nearly doubling to nearly $20 million in just the past four days.
This revival comes after a brief period of stagnation and skepticism. Launched on Coinbase's Layer 2 Base...