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Crypto Too Risky for ‘Most’ Russians, Says Finance Ministry – But Could Be ‘Suitable’ for ‘Some’
31.5.2023
Crypto is too risky for “most” Russians, the nation’s Finance Ministry has claimed. But the ministry claimed tokens could be “suitable” for “professional investors.”
Per the media outlet Nizhny Novgorod, the comments were made by Ivan Chebeskov, the director of the ministry’s financial policy...
Former Coinbase Manager and His Brother Agree To Settle SEC Insider Trading Charges
30.5.2023
A former Coinbase manager and his brother have agreed to settle insider trading charges brought by a US regulator.
Ishan Wahi and his brother, Nikhil Wahi, agreed to settle those charges on Tuesday, according to the US Securities and Exchange Commission. ...
Read More: Former Coinbase Manager...
Solana’s Blockchain May Become 'Apple of Crypto', Says Co-founder
30.5.2023
The Solana (SOL) blockchain could become the crypto world’s equivalent of tech giant Apple given its strong focus on user experience, according to Solana co-founder Raj Gokal.
Speaking in a recent interview with TechCrunch, Gokal likened Solana to Apple, saying the Mac and iPhone maker’s...
US Regulator Issues Warning for Firms Providing Clearings Services for Crypto
30.5.2023
A US regulator warned firms on Tuesday of the risks that come with the clearing of digital assets.
The US Commodity Futures Trading Commission issued an advisory titled, “Review of Risks Associated with Expansion of DCO Clearing of Digital Assets.”
Derivatives clearing organizations, or DCOs...
Binance in Talks To Let Traders Keep Collateral at a Bank: Bloomberg
30.5.2023
Binance, the world’s largest crypto exchange, is in the midst of discussing a proposal to let some of its institutional clients keep their trading collateral at a bank, instead of with the crypto platform, according to Bloomberg News. ...
Read More: Binance in Talks To Let Traders Keep Collateral...
Fantom Blockchain to Return 15% of Gas Fees to Boost Network Usage – Here's What You Need to Know
30.5.2023
The Fantom (FTM) blockchain has introduced a new initiative called the "dApp Gas Monetization Program," aiming to reward projects that utilize its network and contribute to increased gas fee usage.
The new program, which recently received community support through a governance vote, seeks...
Binance Readies Japan-Focused Crypto Platform, Set for Summer Launch
30.5.2023
Binance has begun the process of transitioning Japanese users of its international crypto exchange to a specialized local platform, the company confirmed in a blog post on Friday.
The separate exchange is designed to comply with local regulations that the international exchange cannot meet. ...
Hacker Robs Tornado Cash, Launders Loot Through the Same Service
30.5.2023
The hacker who hijacked currency mixer Tornado Cash has returned control of the protocol to the team.
Ironically, the criminal used the same service to launder funds stolen in the attack.
Tornado Cash has been an escape route for cybercriminals and North Korean hackers who launder proceeds...
Huobi HK Starts Offering Crypto Spot Trading to Hong Kong's Retail and Institutional Clients Amid New License Submission
30.5.2023
Crypto exchange Huobi is moving forward with its Hong Kong expansion plans.
The latest announcement by Huobi Global noted that the firm’s Hong Kong subsidiary now offers crypto spot trading and virtual assets custodian services.
The announcement also noted that Huobi HK officially submitted...
Dr. Leen Kawas details Blockchain technology’s growth: Beyond crypto and into healthcare
30.5.2023
In the ever-evolving digital data arena, Blockchain technology has changed the nature of the playing field. Blockchain’s increased transparency, better security, and real-time traceability are driving the technology’s dynamic growth. To illustrate, a 2023 Grand View Research report...
Binance Crypto Exchange Appoints Richard Teng to Lead All Regional Markets Outside US
30.5.2023
The world’s largest crypto exchange, Binance, has appointed Richard Teng, a traditional finance (TradFi) veteran with strong regulatory experience, as its head of all regional markets outside of the US.
The appointment marks a quick ascension for Teng at Binance and comes after less than two years...
Bank of Japan Releases CBDC Report and Launched Its Pilot Program As Other Countries Gain Steam
30.5.2023
The Bank of Japan released the results and findings of a report on central bank digital currencies
Japan launched a pilot program in April, the bank said in its report on Monday....
Read More: Bank of Japan Releases CBDC Report and Launched Its Pilot Program As Other Countries Gain Steam
Russian Government Switching Gears — No Longer Plans To Create a National Crypto Exchange
30.5.2023
The Russian government is switching gears as it no longer plans to create a national cryptocurrency exchange, and instead will write rules for multiple crypto exchanges, according to a local news site.
Anatoly Aksakov, member of one of the chambers of the Russian parliament, spoke to news outlet...
South Korean Court Jails Civil Servant Who Stole Public Funds to Buy Crypto
29.5.2023
A South Korean court has handed a suspended jail term to a civil servant who stole thousands of USD worth of public funds to pay for crypto investments.
Per Yonhap, the public official was handed a one-year suspended prison sentence, as well as two years of probation.
The official was not named...
Bali Tightens Regulations: Stricter Measures Implemented to Restrict Foreign Tourists from Using Cryptocurrency as Payment
29.5.2023
The popular Indonesian tourist island Bali will tighten rules around payments to make it harder for foreign tourists to pay with crypto.
Speaking at a press conference on Sunday, Bali Governor Wayan Koster indicated that the tighter rules on payments are part of a wider crackdown on what he called...
Jimbos Protocol hacked for over $7.5 million using flash loan exploit
29.5.2023
Shortly after it fell victim to a hack, Arbitrum-based Jimbos Protocol has decided to seek the help of security researchers and on-chain analysts who collaborated on investigating similar attacks which targeted protocols such as Euler Finance and Sentiment....
Read More: Jimbos Protocol hacked...
US Debt Ceiling Deal Leaves Out Cryptocurrency Mining Tax, Congressman Confirms
29.5.2023
In a deal by President Joe Biden and Republican House Speaker Kevin McCarthy to raise the US debt ceiling, there is one part notably absent — a tax on cryptocurrency mining.
Over the weekend, Biden and McCarthy closed in on a deal to raise the debt ceiling with a plan to get Congress on board this...
Trezor Sales Skyrocket by 900% Despite Reddit Scam Warnings
29.5.2023
Hardware wallet maker Trezor’s sales just skyrocketed by 900% week-over-week, despite Reddit users warning that fake Trezor phishing websites are being promoted across social media.
Reddit user bitcoin-o-rama warned Reddit users that the social media site allows scammers to pay to promote fake...
Winklevoss Twins’ Exchange Gemini and Crypto Lender Genesis Ask US Court To Dismiss SEC Lawsuit
29.5.2023
Cryptocurrency exchange Gemini and bankruptcy crypto lending platform Genesis are firing back after being sued by the US Securities and Exchange Commission earlier this year.
Genesis and Gemini are asking the United States District Court for the Southern District of New York to dismiss the case...
US Sen. Lummis Says President Biden Is Picking ‘Winners and Losers’ With Proposed Crypto Mining Tax
27.5.2023
The Biden administration is picking “winners and losers” in a proposal to tax cryptocurrency miners, US Sen. Cynthia Lummis said in a tweet on Thursday.
The Wyoming Republican called Biden’s proposed 30 percent tax a “blatant attempt by the administration to pick winners and losers.”
“I will...