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Do Kwon Wins Appeal as Montenegro Court Overturns Extradition
8.2.2024
The Montenegro Court of Appeal has set aside the decision to extradite the co-founder of Terraform Labs Do Kwon saying the original order was “affected by significant violations.” The court decided to revoke the extradition after hearing Kwon’s appeal in a session on Feb 7, per an official...
SEC Delays Decision on Invesco and Galaxy Digital’s Spot Ether ETF
8.2.2024
The United States Securities and Exchange Commission (SEC) has delayed its ruling on the Invesco Galaxy ether exchange-traded fund (ETF), and has now been pushed to potentially July 2024 after opening the proposal to public comments. Invesco and Galaxy Spot Ethereum ETF Decision Delayed by SEC...
SEC puts off the Invesco Galaxy Ethereum ETF decision
7.2.2024
The Securities and Exchange Commission has pushed back the date by which it will make its decision about the Invesco Galaxy Ethereum ETF. The agency had previously postponed a determination regarding the fund until December and only recently announced that legal action would be initiated. According...
Thailand Pushes Towards Digital Asset Hub with Introduction of VAT-Free Crypto Trading
7.2.2024
In a move to position Thailand as a leading digital asset hub, the country’s Finance Ministry has announced the exemption of value-added tax (VAT) on digital asset trading. The decision aims to promote digital assets as a new alternative tool for fundraising and drive the growth of...
US SEC Delays Decision on Invesco and Galaxy Digital’s Joint Ethereum ETF
7.2.2024
The U.S. Securities and Exchange Commission (SEC) has extended the decision period for Invesco and Galaxy’s spot Ethereum ETF, as expected by analysts. This extension pertains to a proposed rule change from Cboe BZX that would enable the listing and trading of shares of the fund....
South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler
7.2.2024
South Korea’s financial watchdog chief is planning to visit the U.S. to discuss crypto regulation with the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, with a focus on the SEC’s recent decision to approve spot bitcoin exchange-traded funds (ETFs)....
Monero Price Suffers 17% Drop on Binance Delisting
6.2.2024
Monero‘s price dropped as much as 17% on Tuesday after Binance said it would delist the privacy token from its platform. Binance delisted four tokens, including Aragon (ANT), Multichain (MULTI), Via (VAI), and Monero (XMR). The decision was a result of a routine assessment of standards...
Egypt Aims to Ease Pressure on Forex Reserves via $1 Billion Treasury Bill Auction
6.2.2024
Barely a month after raising $850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $1 billion via similar instruments. The decision to hike overnight interest is said to be part of the central bank’s ongoing efforts to stabilize Egypt’s...
Former Terraform Labs Financial Officer Has Been Extradited to South Korea — Montenegro Police
5.2.2024
Montenegro recently extradited the former Terraform Labs financial officer Han Chang-joon to South Korea where he faces fraud-related charges. According to the Montenegro police, the decision to extradite Han was made by the country’s Justice Ministry. Han Faces Criminal Charges in South...
Ex-Terraform Labs CFO Chang-joon Extradited to South Korea- What’s Going On?
5.2.2024
Han Chang-joon, the former Chief Financial Officer of Terraform Labs has been extradited to South Korea by Montenegrin Police after the completion of his jail term. A Feb 5 official release from the country’s police administration says Chang-joon has been extradited to South Korea citing a decision...
Cardano’s Decline Leads Holders to Switch from ADA to Pandoshi (PAMBO)
4.2.2024
  Once a leading smart contract network, Cardano has fallen far behind its competitors and the distance keeps growing. This is largely due to the network’s peer-reviewed development method, which mandates that every platform update must be thoroughly scrutinized by numerous experts....
Larry David Reflects on Super Bowl FTX Ad: ‘Like an Idiot, I Did It’
3.2.2024
At the premiere of “Curb Your Enthusiasm’s” final season, Larry David expressed remorse for his participation in a Super Bowl commercial for FTX, reflecting on the decision as misguided after the cryptocurrency exchange’s bankruptcy. Larry David Admits Regret Over FTX Super...
Bitcoin Price Prediction as BTC Pumps Past $43,000 Resistance – $50,000 BTC Incoming?
3.2.2024
Bitcoin Price Prediction Amid evolving cryptocurrency landscapes, BTC’s ascent beyond the $43,000 threshold, marking around 0.20% uptick, fuels bitcoin price predictions of its advance towards $50,000. This momentum coincides with US legislators scrutinizing the SEC’s cryptocurrency...
Polygon Labs Trims Staff by 19% ‘for the Sake of Enhanced Performance’
3.2.2024
As part of its strategy to recalibrate and enhance operational performance, Polygon Labs will be reducing its workforce by 60, marking a 19% cut. This decision, shared by CEO Marc Boiron, aims at maintaining a lean and efficient team. Polygon Labs to Lay off 60 Employees in Bid to Return to Core...
End of the Line for OPNX, Built by Three Arrows Co-Founders Zhu and Davies
2.2.2024
OPNX has declared it will cease all activities next month. This decision comes as co-founders Su Zhu and Kyle Davies grapple with legal repercussions stemming from their previous venture’s failure, Three Arrows Capital. OPNX to Shut Down Amid Three Arrows Co-Founders’ Legal Troubles...
Comedy Icon Larry David Says He Was an ‘Idiot’ For Taking Part in FTX Super Bowl Ad
2.2.2024
Renowned comedian Larry David has expressed regret over his decision to star in a Super Bowl commercial for the now-bankrupt cryptocurrency exchange FTX. The FTX ad aired during Super Bowl LVI. Speaking during the final season premiere of “Curb Your Enthusiasm,” the hit show in which...
Polygon Labs Lays Off 19% of Staff Following Restructuring, Increases Workers’ Pay by 15%
1.2.2024
Polygon blockchain developer Polygon Labs has cut 19% off its workforce, according to a blog post published by CEO Marc Boiron on Thursday. Polygon Labs Lays Off 60 Employees Boiron called the decision “difficult, but necessary” to ensure the team’s “extreme focus, diligence, efficiency...
US Banking Sector Volatility — Distressed Commercial Real Estate Sector Raises Default Concerns
1.2.2024
Following the U.S. central bank’s decision to keep the federal funds rate unchanged, the turbulence in the commercial real estate market has sent shockwaves through the country’s banking sector and internationally as well. On Thursday, New York Community Bancorp witnessed a further...
Crypto Influencer BitBoy Ends YouTube Show Amid Ongoing Legal Battles
1.2.2024
Source: Midjourney Renowned crypto influencer BitBoy, real name Ben Armstrong, has announced the end of his daily crypto show on January 31. Cash Crunch and Legal Battles Prompt Closure In a surprising turn of events, BitBoy bid farewell to his three-year daily crypto show. Revealed on his YouTube...
Crypto Bank Savior New York Community Bancorp Sees 40% Drop in Shares
1.2.2024
New York Community Bancorp (NYCB), the savior of failed Signature Bank, has witnessed a sharp decline of 40% in its shares. The bank’s shares took a hit on Wednesdau after the decision to cut dividend to strengthen its capital and the announcement of an unexpected loss, according to a report...