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Billionaire CEO Behind Fortnite Declares 'The Metaverse is Not Dead' – Here's Why
10.5.2023
The billionaire CEO of Epic Games, the company behind the popular online game Fortnite, has refuted claims that the metaverse is dead.
In a recent tweet, Tim Sweeney mocked a Business Insider article that suggested the metaverse had run its course, hinting at the number of active users across...
President Joe Biden Critiques “Wealthy Crypto Investors” on Twitter
9.5.2023
US President Joe Biden critiqued “wealthy crypto investors” in a tweet on Tuesday discussing what “MAGA House Republicans” want to cut in the federal budget.
“We think Congress should cut tax loopholes that help wealthy crypto investors ($18 billion),” President Biden said. “MAGA Republicans think...
Republican House Majority Whip Alleges Secret Democratic Backing for CBDC Bill
9.5.2023
Tom Emmer, the Republican Party whip in the US House of Representatives, has claimed that some Democrats secretly supports his anti-central bank digital currency (CBDC) bill.
According to Emmer, many members of Congress are opposed to introducing a CBDC in the US, with many of them being worried...
Kraken Chief Legal Officer and Former CFTC Chair To Testify at Joint House Congressional Hearing
9.5.2023
Top legal officers and a former regulator are slated to testify in front of US congressional committees on Wednesday to unpack digital asset regulation following ongoing tension between the industry and federal agencies.
The House Financial Services Subcommittee on Digital Assets, Financial...
Former Coinbase Manager Sentenced to Two Years in Insider Trading Case
9.5.2023
A former Coinbase product manager was sentenced to two years in prison in a one-of-a-kind insider trading case.
Ishan Wahi, 32, of Seattle, Washington, was sentenced by U.S. District Judge Loretta A. Preska on Tuesday for providing Coinbase’s confidential information about upcoming crypto...
Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family Offices Investment in Digital Assets, Binance NFT to Support Bitcoin Ordinals
9.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bank of Canada Opens Public CBDC Consultation, Solana' Saga Phone Available for Orders, 32% of Family...
Coinbase Chief Legal Officer Pushes Back Against US SEC Crypto Custody Rule Proposal
9.5.2023
Coinbase’s chief legal officer called a newly proposed US rule tightening cryptocurrency custody requirements “misguided” and said some parts need to be changed.
The Securities and Exchange Commission rule was proposed in February and would require registered investment advisers to keep crypto...
South Korean Assembly Member Under Fire for Alleged Crypto Insider Trading
9.5.2023
South Korean lawmaker Kim Nam-kuk has found himself in hot water after being accused of performing suspicious crypto trades worth about KRW 6 billion ($4.5 million). ...
Read More: South Korean Assembly Member Under Fire for Alleged Crypto Insider Trading
Wall Street Journal: U.S. Crypto Exchanges Have Listed Multiple SEC-Deemed Illegal Tokens
9.5.2023
Crypto exchanges based in the US may have listed multiple tokens deemed by the Securities and Exchange Commission (SEC) to be unregistered securities, according to a Wall Street Journal report.
The so-called unregistered securities are in reality digital tokens that the SEC does not consider to...
Neftify announces support for Optimism
9.5.2023
Neftify has extended the support to Optimism, allowing users to build and deploy their decentralized applications faster than before. Neftify is a blockchain RPC provider, and the venture coming out in support of the Ethereum L2 solution takes things to another level where deployment is much...
Spanish Police Save Kidnapped Crypto Portfolio Manager from Gunpoint Ordeal
9.5.2023
Spanish police have swooped to free a crypto portfolio manager who was being held at gunpoint by armed kidnappers.
Per Nius Diario, the manager was captured by three assailants who held a gun to his head.
The assailants reportedly threatened to kill the manager if they were not given a ransom...
Coinbase Targets UAE as Strategic Hub for Cryptoeconomy Expansion; Executives Attend Dubai Fintech Summit
8.5.2023
Major US-based crypto exchange Coinbase has praised the United Arab Emirates (UAE), saying the region has the potential to become a “strategic hub” for the company.
Writing in a blog post over the weekend, Coinbase called the UAE “a centre of web3 innovation,” with the emirate of Dubai alone home...
While Crypto Prices Crash, AiDoge Meme Coin Pumps Up $1 Million in 24 Hours – Are Whales Buying?
8.5.2023
Cryptocurrency markets have been suffering from broad selling pressure since Saturday.
Bitcoin (BTC), which reached nearly as high as $30,000 on Saturday, has since reversed more than 6.5% lower and was last trading to the south of the $28,000 level....
Read More: While Crypto Prices Crash, AiDoge...
DEUS Finance Stablecoin Hack Leads to $6 Million Loss – Here's What Happened
8.5.2023
DeFi protocol DEUS Finance lost more than $6 million in a hack over the weekend which exploited a vulnerability in the stablecoin DEI, but a large chunk of it has now been recovered.
According to blockchain security firm PeckShield, the attack targeted DEUS Finance’s own stablecoin DEI on...
Twitter Founder Jack Dorsey's Crypto Firm Partners with Paxful's Ray Youssef for P2P Marketplace Venture
6.5.2023
Jack Dorsey's crypto firm TBD has partnered with Paxful co-founder Ray Youssef to launch a decentralized peer-to-peer (P2P) crypto trading platform.
The new venture, called Civilization Kit (Civ Kit), will be built on Nostr, a decentralized network protocol for distributed and free social...
US DOJ Investigating Binance’s Involvement With Possible Russian Sanctions Violations: Bloomberg
5.5.2023
The US Justice Department is investigating whether Binance Holdings Ltd. was illegally used to let Russians skirt US sanctions and move money through the cryptocurrency exchange, according to a report from Bloomberg News.
The Justice Department’s national security division is looking into whether...
Major Media Outlets Seek Release of 9 Million FTX Customer Names Despite Scam Fears – What's Going On?
5.5.2023
Major media outlets such as The New York Times, The Financial Times, and Bloomberg have asked the court in FTX’s bankruptcy case to hand over a list containing the names of millions of FTX customers.
In total, the lists the media outlets are asking to get access to contains the names of some...
Sen. Warren Plans To Reintroduce Crypto Bill To Crack Down on National Security Risks
5.5.2023
Democratic Sen. Elizabeth Warren has plans to reintroduce a cryptocurrency bill to crack down on money laundering and terrorist financing.
The long-standing crypto critic said she planned to reintroduce that legislation during a Senate Armed Services Committee hearing on Thursday....
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NY Attorney General Proposes Bill To Rein In Cryptocurrency Industry
5.5.2023
New York Attorney General Letitia James proposed legislation that would require refunds of customers and audits of cryptocurrency exchanges in her latest move to rein in the industry.
James’ program bill proposes the “strongest and most comprehensive set of regulations on cryptocurrency in...
Nigerian Government Greenlights Policy to Foster Blockchain-Based Economy – Details
5.5.2023
Nigeria Federal Executive Council approved a national blockchain policy in a meeting on May 3, 2023.
This policy will enable the country to develop a proper regulatory framework for blockchain adoption.
Nigeria is one of the nations whose citizens have an avid interest in cryptocurrencies. ...