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Unraveling the Crypto Crisis: Timeline of Major Incidents
7.6.2023
The regulatory crackdown on crypto in the US has certainly intensified with the Securities and Exchange Commission’s (SEC) lawsuit against Binance and Coinbase, but our timeline shows that the crisis has already been ongoing for a long time.
These are the major incidents that shaped crypto in 2022...
The Bitcoin Rich List: An In-Depth Look at the Largest Bitcoin Wallets in Existence Since 2014
7.6.2023
Over the past decade, several bitcoin wallets have been named the largest in existence. However, since 2021, Binance has controlled the largest bitcoin address, which currently holds 248,597 BTC and is worth approximately $6.66 billion. Just over nine years ago, the largest wallet belonged to...
Luxembourg's Antitrust Authority Initiates Probe into Blockchain and Web3 Competition
7.6.2023
A country in Western Europe, Luxemburg, is making moves amid actions by individual jurisdictions in the European Union for dedicated crypto regulations.
In the latest development, the country's competition regulator, Autorité de la Concurrence, launched a market study on Web3...
ARK Invest CEO Cathie Wood Ups Her Stake in Coinbase Following SEC Lawsuit
7.6.2023
Ark Invest CEO Cathie Wood upped her stake in Coinbase after a US regulator accused the exchange of operating unlawfully.
Three Ark Investment Management LLC funds, including Wood’s Ark Innovation ETF, bought 419,324 shares of Coinbase on Tuesday, according to Bloomberg News, citing its data. ...
SEC Chair Gensler Likens Binance to FTX, Expresses Concern Over Crypto Industry
7.6.2023
Gary Gensler – chairman of the U.S. Securities and Exchange Commission (SEC) – sees “parallels” between Binance and its failed competitor FTX’s handling of customer assets.
During an interview with Bloomberg on Tuesday, the chairman said financial advisors should not look to Binance as...
US SEC Files an Emergency Motion in DC Court To Freeze Binance.US Assets — What’s in It?
7.6.2023
The US Securities and Exchange Commission filed an emergency motion on Tuesday evening seeking a temporary restraining order freezing assets of Binance’s US platform.
The regulator filed an emergency motion for a temporary restraining order in the US District Court for the District Court...
No More Wild West: SEC Introduces New Era for Crypto
7.6.2023
The recent action taken by the US Securities and Exchange Commission (SEC) against major crypto exchanges Binance and Coinbase has made it clear once and for all that the wild west days of crypto are over, according to a Bloomberg columnist.
Writing in an opinion piece on Tuesday, Bloomberg...
Crypto Exchange Bybit Announces AED 1 Million Scholarship Fund at UAE University
7.6.2023
As the regulatory environment in the United States become too hot to handle, cryptocurrency exchanges continue expanding their reach for better business environments. The United Arab Emirates (UAE) presents as one of these greener pastures. One of the most popular exchanges in the world, Bybit,...
Swift is scouring blockchain interoperability
7.6.2023
Swift has reached out to the global Swift community to conduct a study on how the different communities can utilize their connections to interoperate successfully on multiple blockchain networks. Presently, institutional investors are up against the issue of interoperability on multiple blockchain...
ARFC has plans to deliver GHO
7.6.2023
ARFC has plans to deliver GHO, which is a Conventional Aave stablecoin, and if it manages to gain the approval of Aave DAO, the GHO will be positioned live on the Ethereum Mainnet. There will be two promoters involved in the beginning, them being Aave V3 Ethereum and FlashMinter if the green signal...
Blockchain Economy Dubai Summit 2023, uniting industry leaders for a groundbreaking event
7.6.2023
Dubai, UAE – The Blockchain Economy Summit, recognized as the world’s largest blockchain conference network, is set to redefine the future of finance by bringing together key players and experts from the crypto industry. The highly anticipated 8th edition of the summit will take place over...
Russian Prosecutors to Gain Crypto Confiscation Powers – But There’s a Wrinkle
7.6.2023
The Russian Prosecutor-General is set to let investigators confiscate crypto and liquidate criminals’ tokens, with the Treasury hoping to benefit.
But legal experts say the plan could hit a roadblock when prosecutors try to liquidate coins.
The media outlet Vedemosti first reported on...
HQMENA announces Blockchain Expo Dubai 2023, the premier Blockchain event in the middle east
7.6.2023
HQMENA, a leading events management company, is proud to announce the upcoming Blockchain Expo Dubai 2023. Set to take place on September 20-21, this highly anticipated event will bring together global experts, innovators, and top leaders in the blockchain industry to explore the latest...
Coinbase Was Dismissed by the US SEC After Months of Figuring Out How To Register, Chief Legal Officer Says
7.6.2023
Coinbase was dismissed by the US Securities and Exchange Commission with no response after months of discussing how to register with the agency, the crypto exchange’s chief legal officer told lawmakers on Tuesday.
Paul Grewal, chief legal officer at Coinbase, faced lawmakers hours after...
Openai Boss Sam Altman Claims He’s Not Involved in Worldcoin’s Day-to-Day Operations at All
6.6.2023
After Tools for Humanity, the team behind the biometric cryptocurrency project Worldcoin announced it had raised $115 million in a Series C led by Blockchain Capital, Sam Altman, co-founder and chief executive of the artificial intelligence (AI) firm Openai, clarified at an event held at Tel Aviv...
US CFTC Chair Says Claim That the Agency Is a ‘Light Touch Regulator’ Could Not Be ‘Farther From the Truth’
6.6.2023
US Commodity Futures Trading Commission Chair Rostin Behnam pushed back on assertions that his agency would be a “light touch regulator” for cryptocurrency, following an eventful week and as lawmakers contemplate legislation to regulate cryptocurrencies.
Behnam was asked on Tuesday during a House...
Judge Rules Against FTX in Genesis Bankruptcy Mediation Case
6.6.2023
FTX will not be allowed to join in the mediation between now-bankrupt crypto lender Genesis Global and its parent company, Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), a judge has ruled.
In the ruling, US Bankruptcy Judge Sean Lane decided against FTX's inclusion in...
Luxembourg Antitrust Authority to Probe Blockchain, Web3 Competition
6.6.2023
The market study may be the first of its kind to examine Web3 competition dynamics
10 industry insiders’ tips for devs who are new to blockchain coding
6.6.2023
If they start in the right place and leverage the many available resources, devs new to blockchain can become thriving community members
SEC Chair Gary Gensler Calls for Crypto Firms To Register Following Binance, Coinbase Charges
6.6.2023
Conversations with crypto firms have been constructive, but they also need to be compliant with securities laws, said US Securities and Exchange Commission Chair Gary Gensler.
Gensler spoke to CNBC Squawk Box on Tuesday morning, a mere hour or so after the agency announced charges against...