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Federal Court Supports Sanctions on Tornado Cash Crypto Mixer Despite User Protest
21.8.2023
A federal court has backed the US Treasury Department’s right to impose sanctions on the cryptocurrency mixer Tornado Cash, dismissing a lawsuit filed by six users....
Read More: Federal Court Supports Sanctions on Tornado Cash Crypto Mixer Despite User Protest
Crypto Derivatives Exchange Bitget Makes KYC Necessary for New Users
21.8.2023
Cryptocurrency derivatives exchange Bitget announced revised Know Your Customer (KYC) requirements to ensure compliance with global regulatory standards.
The move comes as the crypto exchange aims to align its operations with recommendations from international regulatory bodies and to provide...
Bitcoin Miners Pivot To Other Areas In Quest To Diversify Earnings: JP Morgan
21.8.2023
Digital asset miners are moving to other business ventures including offering high-powered technology services to artificial intelligence (AI) companies to improve earnings.
A new report from JP Morgan shows that crypto-based mining firms are expanding their operations to include high-performance...
Crypto Exchange Gemini Requests Federal Judge to Dismiss SEC Lawsuit
21.8.2023
The Winklevoss twins' crypto exchange Gemini has filed a response to the US Securities and Exchange Commission (SEC) lawsuit, seeking the dismissal of allegations over unregistered securities.
The embattled crypto exchange wrote in a filing, documented in the U.S. District Court for the Southern...
China Wants To Implement Social Credit System With Digital IDs In The Metaverse
21.8.2023
A new report suggests that China is pushing proposals aiming to transplant its traditional social credit system to the metaverse as it seeks to establish greater control.
According to Politico, the proposals were initially drafted by China Mobile, the state’s telecom provider termed the “Digital...
Tokenized Stocks Pioneer Dinari Earns Regulatory Green Light
21.8.2023
Blockchain-based stock trading platform Dinari has obtained regulatory approval to tokenize stocks.
The license, which is subject to final approval by the Financial Industry Regulatory Authority, would allow the company to replicate the US stock market on the blockchain within the bounds...
BRICS Digital Currency ‘Could Launch in 5-10 Years,’ Experts Claim
21.8.2023
Experts in Brazil think BRICS leaders will agree to launch a digital fiat for the bloc at a summit next week.
The experts said the coin could debut in the next five to 10 years.
Per CNN Brasil and Tass, Evandro Caciano, the head of foreign exchange at Trace Finance, claimed that the nations...
‘Crypto Debt’ Drove South Korean College Student to Armed Robbery
21.8.2023
A South Korean man has been handed a suspended jail term of almost three years after he was found guilty of armed robbery “to clear a crypto debt.”
According to the South Korean media outlet WowTV, the unnamed criminal was 22 years old and had amassed debts of over $37,000 due to “failed...
Ethereum Layer-2 Arbitrum Sustains Growth and User Influx Following ARB Airdrop, Total Assets Reach $5.77 Billion: Report
20.8.2023
Per Nansen's Arbitrum Quarterly Report for Q2 2023, the Arbitrum (ARB) airdrop on March 23, 2023, led to a peak in users and transactions. Following the ARB airdrop, daily transactions and user numbers have consistently exceeded the chain's past averages.
Arbitrum, an Ethereum rollup hosting asset...
Legal Action Contemplated by Binance Following Termination of Partnership with Checkout.com
20.8.2023
On August 17, Binance, the world's largest cryptocurrency exchange, received notification from payment processor Checkout.com about the termination of their contract due to regulatory concerns.
However, according to Forbes' report, Binnace expressed disagreement with Checkout's grounds...
Mastercard Launches Forum for Crypto Industry Players to Discuss CBDCs
18.8.2023
Payments giant Mastercard has established a forum to facilitate discussions and collaboration among industry players in the cryptocurrency sphere regarding central bank digital currencies (CBDCs).
In a Thursday blog post, Mastercard said that the CBDC Partner Program has already attracted...
SpaceX Reports $373 Million Bitcoin Write-Down in Financial Documents
18.8.2023
Elon Musk’s SpaceX is among many alleged culprits behind a seismic crypto market crash on Thursday, which has triggered over $1 billion in liquidations over the past 24 hours. Here's the latest.
Bitcoin (BTC)’s sudden collapse to nearly $25,300 shortly followed the Wall Street Journal (WSJ)...
Coinbase Halts USDT Trading for Canadian Users Starting August 31
18.8.2023
In an email dated August 17, Coinbase, a cryptocurrency exchange, revealed its decision to halt trading of Tether USDT, Dai DAI, and RAI stablecoins for Canadian users starting August 31.
This surprising development comes shortly after Coinbase's recent announcement of its complete expansion into...
North Korean Attackers Have Stolen $200 Million Across 30 Crypto Heists in 2023: TRM Labs
18.8.2023
A new report from blockchain analytics firm TRM Labs noted that North Korean hackers have stolen more than $2 billion in cryptocurrencies in the past five years. It estimated around $200 million in crypto heists this year alone.
According to TRM Labs insights, the stolen amount accounts for...
Celsius Sends Bankruptcy Restructuring Plan To Creditors Vote After Court’s Approval
18.8.2023
Bankrupt crypto lender Celsius is set to hold a vote on a plan to sell its asset to Fahrenheit Group following the approval by a judge as the proceeding winds down.
Celsius will send its creditors ballots to vote on the proposal between Aug 24 and Sept 22 and if approved, creditors could receive...
Analysts: Coinbase's Derivatives Approval Shows Crypto's Resilience in the US
18.8.2023
Analysts at investment bank JMP Securities have said that an approval received by Coinbase to offer crypto futures trading can be taken as evidence of crypto’s resilience in the US.
In a note to clients that was cited by The Block, the analysts said the approval "adds validation" to the domestic...
Shiba Inu drops first official update after Shibarium’s launch
18.8.2023
The Shibarium mainnet launch was wildly successful, so much so that even Shiba Inu could not handle it. That is why Shiba Inu had to address the extreme traffic on the network by updating users on the situation. The first official update stated the Shibarium got millions of computing units...
Crypto Lender Helio Sentenced for Falsely Claiming to Hold an Australian Credit Licence
18.8.2023
Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license.
The Australian Securities and Investments Commission (ASIC) revealed that Helio falsely claimed it held a credit license in an August...
BlockFi Complies with Court Order, Permits Crypto Withdrawals for Eligible US Users
18.8.2023
On August 17, BlockFi, a New Jersey-based crypto lending company, stated that it had initiated withdrawals for eligible users' wallets in the US in compliance with a court order issued by the US Bankruptcy Court for the District of New Jersey.
However, due to ongoing legal proceedings, these...
FTX Seeks $176 Million Settlement with Genesis Entities Amid Legal Dispute
18.8.2023
According to a legal filing on August 16, FTX, the bankrupted cryptocurrency exchange, and its CEO, John J. Ray III, have submitted a motion to settle with Genesis entities for $176 million.
With motion hearing scheduled for September 9, FTX Trading and related debtors have formally requested...