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Crypto Theft from Fortress Trust Traced Back to Phishing Attack on Cloud Vendor
15.9.2023
Fortress Trust's recent disclosure of a cryptocurrency theft totaling nearly $15 million has shed light on a complex situation involving a third-party vendor and a phishing attack.
The vendor has now been identified as ReTool, a reputable San Francisco-based company serving Fortune 500 clients....
Binance US Loses Key Executives as Regulatory Issues Intensify – Here's the Latest
14.9.2023
Binance US, the American subsidiary of the well-known cryptocurrency exchange, is experiencing a series of high-profile departures.
Today, Sidney Majalya, the Chief Risk Officer, and Krishna Juvvadi, the head of legal, resigned according to a report by Wall Street Journal. Their exits followed...
Hearing Date Set for Binance vs. SEC Lawsuit Motions in Ongoing Legal Battle – Here's What You Need to Know
14.9.2023
In the ongoing legal clash between Binance, the prominent cryptocurrency exchange, and the US Securities and Exchange Commission (SEC), a significant hearing date has been scheduled for two crucial motions.
As per the recent court filing, Magistrate Judge Zia M. Faruqui has designated the hearing...
Despite Crypto Market Rout in the US, “Clear Heads Will Prevail,” Says Ethereum Co-Founder
14.9.2023
Joseph Lubin, the co-founder of Ethereum and the CEO of blockchain firm ConsenSys, is optimistic about crypto adoption in the US, similar to embracing “previous technologies like the internet.”
In a recent interview on CNBC’s ‘Capital Connection,’ he said that “clear heads will prevail” in...
Crypto Exchange Bybit Expected to Leave UK Market Amid Looming Regulations – What’s Going On?
14.9.2023
Digital asset exchange Bybit mulls a potential exit from the UK as new rules from the Financial Conduct Authority (FCA) swing into effect on Oct 8.
Bybit CEO Ben Zhou explained that the new marketing rules set to be enforced in a few weeks will tighten the market, possibly forcing the firm...
Canadian Bitcoin Exchange Strikes Local Currency Conversion Partnership with Costa Rica’s Payment System
14.9.2023
Canadian Bitcoin (BTC), Bull Bitcoin has announced a partnership with Costa Rica’s most extensive payment system, SINPE Movil, and local wallet provider, Bitcoin Jungle.
According to a press release on Sept 14, the non-custodial Bitcoin exchange will give users the option to convert local...
opBNB mainnet by BNB Chain goes live
14.9.2023
BNB Chain has announced that its opBNB Mainnet is now live for public access. The layer-2 solution is an EVM-compatible project that brings the advantages of near-instant transactions and low fees. opBNB has been built on the Optimism OP Stack. The idea behind lowering the gas fees is to ensure...
Binance CEO: Singapore’s Approach to Crypto Became More ‘Conservative’ Post FTX Collapse
14.9.2023
Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange by trading volume Binance, said that Singapore’s approach to digital assets has become more “conservative,” particularly after the spectacular collapse of the now-defunct FTX exchange.
The top crypto influencer spoke virtually at...
Sui Network Integrates zkLogin Feature with Google and Facebook to Access dApps
14.9.2023
Layer 1 blockchain Sui Network has announced a Zero Knowledge Login (zkLogin) feature for users to access decentralized applications (DApps) through social media details.
The new feature will help simplify adoption for new users who are not ‘web3 savvy’ giving them full access without dealing with...
Coinbase CEO Brian Armstrong Advocates for DeFi Protocols to Challenge CFTC in Court
14.9.2023
Coinbase CEO Brian Armstrong has weighed in on the recent enforcement actions taken by the Commodity Futures Trading Commission (CFTC) against operators of decentralized finance (DeFi) protocols.
Armstrong has called for these DeFi protocols to take legal action against the CFTC, emphasizing...
SFC Warns Unregistered Crypto Exchange JPEX of Potential Criminal Liability
14.9.2023
The Hong Kong Securities and Futures Commission (SFC) has issued a solid warning to unregistered crypto exchange JPEX that it may face criminal charges for actively promoting its services to the Hong Kong public through influencers and over-the-counter virtual asset money changers.
The SFC also...
‘Brazilian Crypto Scam Firm Donated $122k to Bolsonaro Election Campaign,’ Lawmakers Told
14.9.2023
An investor in a suspected Brazilian crypto pyramid has claimed the firm behind the “scam” donated over $122,000 to ex-President Jair Bolsonaro’s 2018 election campaign.
Per O Globo, the allegations came to light at a recent parliamentary hearing, as the nation’s lawmakers continue to investigate...
Circle Partners With Grab to Test Web3 Related Services in Singapore
14.9.2023
Circle Internet Financial, global payments firm behind the USDC stablecoin, has announced a partnership with ride-hailing giant Grab to pilot a Web3 blockchain-based wallet in Singapore.
Grab's Singapore-based users can create a blockchain-enabled wallet named the "Grab Web3 Wallet" to earn...
Monetary Authority of Singapore Bans 3AC Founders From Engaging in Financial Markets
14.9.2023
Singapore's central bank, the Monetary Authority of Singapore (MAS), has barred the founders of Three Arrows Capital, Zhu Su and Kyle Livingston Davies from participating in financial markets within the city-state for a period of nine years.
Three Arrows Capital was among the first...
Sony Makes Blockchain Move as Japanese Firms Flood to Web3 Space
14.9.2023
The Japanese electronics and entertainment giant Sony will develop a blockchain network, making it the latest company from the nation to move into the Web3 space.
The company’s IT subsidiary Sony Network Communications will work on the project, alongside a Singapore-based firm named Startale Labs....
FTX Revises Crypto Asset Sale Proposal Amid U.S. Trustee's Concerns
14.9.2023
In a recent filing, bankrupt crypto exchange FTX modified its proposed guidelines for liquidating its substantial crypto holdings, addressing concerns raised by the U.S. trustee.
In response to objections raised by the U.S. Trustee on their previous filings, FTX made significant revisions to their...
FTX Co-Founder Sam Bankman-Fried Requests Juror Questions Ahead of Trial – What Was Asked?
13.9.2023
Disgraced former FTX CEO Sam Bankman-Fried has submitted a list of proposed jury questions to a Manhattan federal court as he prepares for his upcoming fraud trial.
According to a Bloomberg report from Tuesday, some of the questions aim to gauge potential jurors' attitudes towards crypto...
Breaking: Court Approves FTX’s Request to Liquidate Crypto Assets – Which Coins Will Be Impacted?
13.9.2023
In a major development today, FTX has received judicial approval to liquidate its cryptocurrency assets to repay its creditors.
The permission came from the U.S. Bankruptcy Court for the District of Delaware. This move enables FTX, which is undergoing bankruptcy proceedings, to not only sell...
Opera Unveils Plans for Non-Custodial Stablecoin Wallet Integration for African Users
13.9.2023
On September 13, Opera Mini, a widely-used browser, announced its plan to launch a new non-custodial wallet in partnership with the Celo Blockchain, seamlessly integrating it with its mobile web browser and making it accessible to users in Africa.
The Opera Mini and Celo partnership will introduce...
20-Year Prison Term for OneCoin Co-Founder Karl Greenwood in Landmark Crypto Fraud Case
13.9.2023
Karl Greenwood, the co-founder of infamous crypto scam OneCoin, has been sentenced to 20 years in prison by a New York judge.
US District Judge Edgardo Ramos, who presided over Greenwood's sentencing, characterized the fraud in the OneCoin case as "massive in many respects" and likened it...