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South Korean Lawmakers ‘Must Declare’ Crypto Holdings – ‘Coin Gate’ Fallout Continues
18.5.2023
South Korean lawmakers will likely be “obliged” to declare their crypto holdings following a national outcry over alleged “insider trading.”
The National Assembly’s Political Affairs Committee has co-created a resolution that would create a “voluntary” system whereby they are requested to report...
Citadel Securities Suing Two Former Employees After They Left To Form a Crypto Firm
17.5.2023
Citadel Securities is suing two former employees after they left to form a cryptocurrency market-making firm.
One of the world’s largest market makers claims that Leonard Lancia and Alex Casimo started raising capital and building the trading firm Portofino Technologies, while still working...
Ledger Hardware Wallet Addresses Criticism, Stands by New Wallet Recovery Service – What's Going On?
17.5.2023
The popular hardware wallet maker Ledger has addressed some of the concerns from the community, after it introduced a new and controversial wallet recovery service.
In a video posted on Tuesday, Ledger’s chief technology officer Charles Guillemet stressed that although the new wallet recovery...
Rep. Maxine Waters Ushers In Stablecoin Bill Ahead of Thursday House Hearing
17.5.2023
Rep. Maxine Waters is ushering in a draft bill to regulate stablecoins ahead of a House hearing this week.
The California Democrat’s draft bill would “provide requirements for payment stablecoin issuers, research on a digital dollar, and for other purposes,” according to a committee memo...
Billionaire Justin Sun Accuses Huobi Founder's Brother of Illegally Profiting from Tokens – What's Going On?
17.5.2023
Precocious billionaire tech and crypto entrepreneur Justin Sun just accused the brother founder of the world’s 13th largest cryptocurrency exchange by trading volumes Huobi of having illegally profited from HT token sales.
HT is the native utility token of the Huobi exchange and its holders...
US Secret Service Reveals Crypto Holdings, Blockchain Fascination and NFT Collection in Reddit AMA
17.5.2023
The US Secret Service has revealed that they are “definitely holders of crypto,” that they have a collection of non-fungible tokens (NFTs), and claimed that crypto has made it easier than before to track flows of illicit money....
Read More: US Secret Service Reveals Crypto Holdings, Blockchain...
Serial Scammer Uses Advanced Laundering Techniques to Clean Stolen Crypto Worth $15 Million – Here's What You Need to Know
17.5.2023
A scammer or group of scammers have used a fake phishing version of the crypto exchange HitBTC’s website to steal some $15 million worth of crypto.
According to a Twitter thread from crypto compliance firm MistTrack, the phishing website that was used looked almost identical to HitBTC’s real...
HBAR Foundation now supports Yamgo
17.5.2023
Yamgo has announced receiving support from the HBAR Foundation. The partnership’s objective is to accelerate the adoption of the ecosystem of Hedera, further solidifying the commitment to bringing more brands to the metaverse. The expansion will likely cover retail consumers and brands;...
New Chinese Blockchain Pivot as Beijing Vows to Train 500,000 ‘Experts’
17.5.2023
China is gearing up for another blockchain technology push after promising to train half a million new “experts” to work in the sector.
Blockchain was earmarked as a growth sector by Chinese President Xi Jinping in 2018.
In the years that followed, blockchain salaries ballooned in the nation....
Ripple CEO Accuses US Regulator of ‘Hypocrisy’ on Twitter
17.5.2023
Ripple CEO Brad Garlinghouse did not hold back on Twitter in criticizing the US Securities and Exchange Commission for its “hypocrisy” in public statements about the cryptocurrency industry.
Garlinghouse tweeted a meme from The Office where a character looks befuddled in response, while adding...
US Sen. Cynthia Lummis Criticizes Signature Bank Executive for Blaming Crypto for Its Downfall
16.5.2023
Sen. Cynthia Lummis said she found it disappointing that a former crypto-friendly Signature Bank executive is not taking the blame for the failed bank, while criticizing his wordiness about crypto.
The Wyoming Republican, who has advocated for crypto, questioned Signature Bank’s former Chairman...
Bloomberg Analyst: Crypto Faced Its Own Set of Bank Runs Alongside the Wider Economy
16.5.2023
Despite being a disruptive force which pits itself in opposition to traditional finance, crypto has also witnessed its own series of bank runs, and some observers believe future runs of what some call 'crypto shadow banks' could become more destructive, according to Matt Levine, an opinion...
EU Countries Officially Approve MiCA Crypto Regulation Rules – Here's What You Need to Know
16.5.2023
On May 16, the European Union states gave the final nod to the world's first comprehensive set of rules to regulate crypto assets, known as the Markets in Crypto-Assets (MiCA) regulation.
This decision is adding pressure on countries such as Britain and the United States to follow suit. ...
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CoinShares Report: Digital Asset Fund Outflows Reach $200 Million
16.5.2023
Crypto-backed investment funds saw net outflows for the 4th consecutive week last week, bringing the total outflows for the 4-week period to $200 million, CoinShares’ latest crypto fund flows report showed.
For last week alone, outflows from crypto-backed funds reached $53.8 million, approximately...
SEC to Judge: Deny Coinbase's Call for Cryptocurrency Rule Explanation
16.5.2023
The US Securities and Exchange Commission has asked a judge to reject Coinbase’s request to compel the commission to respond to a rule-making petition that asked for clearer crypto regulation guidelines.
In a court filing Monday, the SEC said it is not mandated to meet the requirements outlined...
Paraguay Police Raid Unearths 300 Stolen BTC Mining Rigs
16.5.2023
Police have recovered 300 Bitcoin (BTC) mining rigs stolen from a farm in Paraguay, following a major operation conducted by the nation’s Anti-Kidnapping Department (DAS).
Per the Brazilian media outlet Portalo do Bitcoin, the operation was carried out after a theft in the Paraguayan province...
Former Signature Bank Chairman Said the Bank Cut Back on Digital Asset Deposits in Wake of Volatility
16.5.2023
Crypto-friendly Signature Bank “significantly’ cut back on digital asset deposits in the wake of increased volatility and regulators' concerns at the end of last year, said the former chairman and co-founder of the now-shuttered bank.
“Unfortunately, a series of truly extraordinary...
G7 Nations Must Do More to Stop North Korea Crypto Hacks, Japan Suggests
16.5.2023
Not enough is being done to stop North Korea hacking crypto, Japanese government leaders have hinted at the latest G7 central bank governors and finance ministers’ summit.
Per Nikkei, an unnamed “high-ranking official” from the Japanese Ministry of Finance explained that North Korea is currently...
SEC Chair Says Crypto Intermediaries Are Rife With Conflict and Urges Compliance
15.5.2023
The US Securities and Exchange Commission stands ready to help crypto intermediaries come into compliance, said the agency’s Chair Gary Gensler.
Gensler spoke Monday at the Atlanta Fed's 2023 Financial Markets Conference, following rising tension between the regulator and exchanges on how to...
MiCA: A Catalyst for Increased VC Funding in European Crypto Startups
15.5.2023
The European Union’s new regulatory framework for crypto, MiCA, will make European crypto startups far more attractive to investors, one expert has argued.
Writing on Twitter last week, Patrick Hansen, Director of Strategy and Policy at USDC-issuer Circle, said that “the MiCA effect” can already...