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Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report
23.6.2023
The request was denied by U.S. District Judge Lewis Kaplan, who characterized it as a “fishing expedition” lacking justification
Binance Pulls Out of Netherlands, Seeks to Deregister Cyprus Unit
17.6.2023
The world’s largest crypto exchange, Binance, said it’s exiting the Dutch market as it has been unable to obtain registration as a crypto service provider. The news comes after Binance’s entity in Cyprus applied to be removed from the country’s register of digital asset service providers. Binance...
Tabi manages to obtain $10M through angel funding
30.5.2023
As per the official announcement made by the BNB Chain-based platform, Tabi, which is a non-fungible token marketplace, has successfully managed to obtain for itself the amount of $10 million through an angel funding round. The entity will be utilizing this towards the development of its gaming...
INTMAX manages to obtain $5M through the seed round
14.4.2023
INTMAX happens to have successfully obtained for itself an amount, to the tune of $5 million, through a seed round. This amount will now duly be utilized for the creation of a stateless zkRollup. The entity happens to be in the process of building an upgradable zkRollup and which will happen to...
LayerZero Labs manage to obtain $3B in funding
5.4.2023
LayerZero Labs has successfully managed to collect an amount to the tune of $3 billion. This was duly obtained through a Series B funding round. In order to remain in sync with its plans for the future, this amount will be duly utilized for the onboarding of a fresh lot of employees, along with...
Easy Way To Obtain Crypto License in Dubai: Gofaizen and Sherle Launches A New Service
31.3.2023
PRESS RELEASE. Tallinn, Estonia – Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, has recently launched its first crypto product for the United Arab Emirates (UAE). The product is designed to assist businesses and startup owners in obtaining crypto...
Easy Way To Obtain Crypto License in Dubai: Gofaizen and Sherle Launches A New Service
30.3.2023
PRESS RELEASE. Tallinn, Estonia – Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, has recently launched its first crypto product for the United Arab Emirates (UAE). The product is designed to assist businesses and startup owners in obtaining crypto...
South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product
26.2.2023
In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa...
Renegade manages to obtain $3.4M from Dragonfly
21.2.2023
Renegade manages to successfully obtain for itself an amount of $3.4 million from Dragonfly. This was achieved with the aim and intention of creating an on-chain dark pool, an end-to-end encrypted DEX having midpoint trades for zero price effect. The funding that took place happened to have been...
End of an Era for the Seasonal Tokens Economy: Summer Tokens to Become Scarcer
20.2.2023
PRESS RELEASE. Like bitcoin, the four Seasonal Tokens – Spring, Summer, Autumn and Winter – are produced by proof-of-work mining and go through regular halvings that make them harder to obtain as time goes on. Once every nine months, the rate of production of one of the tokens is cut...
Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions
31.1.2023
Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto...
Coinbase Fined $3.6M by Dutch Central Bank for Failing to Obtain Proper Registration before Operating
26.1.2023
United States-based cryptocurrency exchange Coinbase has been fined €3.3 million ($3.6 million) by the Dutch central bank (DNB) for failing to obtain the required registration before operating in the jurisdiction.
In a Thursday press release, the DNB detailed that digital asset service providers...
Report: Nigeria to Stop Cash Withdrawals From Government Accounts
9.1.2023
From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public officials that want to be exempted from this new regulation will have to obtain a waiver from...
Lastpass Data Breach Frightens Users, Some Say Hack ‘May Be Worse Than They Are Letting on’
24.12.2022
People involved in financial tech, software programming, cyber security, and cryptocurrencies have been talking about the Lastpass data breach that was disclosed two days ago. The password management company detailed that a breach, committed earlier this year, allowed hackers to obtain a “backup...
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG
20.12.2022
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity...
France may oblige crypto platforms to obtain licenses
15.12.2022
French Parliament will discuss the amendment, canceling the favorable treatment of crypto companies, in January 2023
Paraguayan Cryptocurrency Law Shelved After Presidential Veto
9.12.2022
The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs
30.11.2022
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for electricity pay roughly $0.12 per kilowatt hour (kWh), only...
SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is ‘Significantly Non-Compliant’
12.11.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a U.S. congressman is investigating whether Gensler helped FTX CEO Sam Bankman-Fried and his bankrupt crypto exchange on legal...
Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'
10.11.2022
Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was "helping SBF and FTX work on legal loopholes," but said he was looking into the matter