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SEC and Terraform Labs Court Filings to Stay Confidential Prior to Crypto Fraud Trial
21.12.2023
A judge has approved confidential court filings in the SEC’s lawsuit accusing Terraform Labs of crypto fraud ahead of the much-awaited trial. Image by maurice norbert, Adobe Stock. New details have come to the surface regarding the high-profile crypto fraud case between the United States...
Ark Invest Sells Additional Coinbase Shares Worth $24.2 Million
21.12.2023
Source: Adobe Stock ARK Invest, a participant in the application process for a spot Bitcoin exchange-traded fund (ETF) in the United States, has been consistently selling its holdings of Coinbase stock. This trend continued with the recent sale of another substantial batch of Coinbase shares....
Immediate Flik Review – Scam or Legitimate Investing Platform?
21.12.2023
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content Immediate Flik describes itself as an investment education platform, acting as a bridge between investment wisdom seekers and investment education providers. “This website makes it easier...
Montenegro Appeals Court Overturns Extradition of Terraform Labs Co-Founder Do Kwon
19.12.2023
On Tuesday, Montenegro’s appeals court overturned the extradition request for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition. Kwon to Remain in Montenegro, Decision Lies With Justice Minister...
Elizabeth Warren Opposes Blockchain Lobbying Efforts, Writes Letter to Association – What’s Going On?
19.12.2023
Source: YouTube/Senator Elizabeth Warren Sen Elizabeth Warren has opposed the growing cryptocurrency lobbying efforts in Washington calling on all stakeholders to support regulations to clamp down on terrorist financing amid other concerns. In a letter addressed to the United States Blockchain...
Assets Under Management Surges Past $50 Billion as Altcoins Record Slight Gains
19.12.2023
Source: Adobe / Luisa Digital assets funds continue their upward momentum as asset prices continue to rise towards the end of the year with growing optimism for an approval of a spot Bitcoin (BTC) ETF in the United States. Data from CoinShares shows cryptocurrency assets under management (AUM)...
Adam Back States ‘You Can’t Stop JPEGs on Bitcoin,’ Proposes Block Size Increase to Host Inscriptions
18.12.2023
Adam Back, CEO of Blockstream and legendary cryptographer, has acknowledged that inscriptions, media embedded directly on top of Bitcoin, cannot be stopped, stating that any action focused on this will only prompt users to do it in “worse ways.” Instead, Back proposed adding a new blob...
Digital Asset Executives Raise $78 Million to Support Pro-Crypto and Responsible Regulations in 2024
18.12.2023
Source: AdobeStock Fairshakes has raised $78 million to fund pro-crypto legislators and support leaders who support blockchain innovation in the United States. A Dec 18 press release states the firm’s commitment to drive developments and positive policies around the industry after...
US Ambassador to Argentina Hails Bitcoin Miner’s ‘Genius’ Flared Gas Power Generation Plans
18.12.2023
The U.S. Ambassador to Argentina, Marc R. Stanley, has lauded Unblock Computing’s bitcoin mining initiative for its innovative use of flared gas in generating electricity. Ambassador Stanley commended the plan for its dual benefits: aiding Argentina in achieving its climate objectives...
FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation
17.12.2023
Source: Adobe / Ascannio The debtors of now-defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization, suggesting that customer asset claims should be valued retroactively to the date of the exchange’s collapse in November last year. In a recent...
Inside Job: Security Engineer Behind Multi-Million Dollar Crypto Exploits
15.12.2023
Source: Adobe / Rawpixel.com Shakeeb Ahmed, a senior security engineer associated with an international technology company, pleaded guilty on December 14 to computer fraud in connection with his hacking of two decentralized crypto exchanges. The announcement of the guilty plea was made by Damian...
Report: Montenegro High Court Extends Do Kwon’s Detention by 2 Months
14.12.2023
Do Kwon, the ex-CEO of Terraform Labs, is set to spend two months in Montenegro custody after the country’s High Court moved his release date to Feb. 15, 2024. While Do Kwon reportedly prefers being sent to South Korea, Montenegro’s justice minister is said to be leaning towards sending...
Crypto Regulation News Weekly Digest: Anti-Money Laundering Support Gains Momentum in US Congress and India Takes Cautious Regulatory Approach
13.12.2023
US lawmakers push for stricter crypto regulation while India reiterated its plan for a slow, evolutionary approach to digital asset legislation. Image by Kerem Goktug Kaya, DALL-E 3. The past week saw major developments on the crypto regulation front. In the United States, The CFTC Chairman...
SEC Finally Serves Hex Founder Richard Heart with Lawsuit Alleging Fraud
13.12.2023
The United States Securities and Exchange Commission (SEC) has finally served Helsinki-based cryptocurrency developer Richard Heart with a lawsuit filed in July, according to a new court document. Heart hides out According to court documents, the SEC had been attempting to serve Schueler for over...
Nasdaq to Utilize Technology Developed for Cryptocurrency to Power Carbon Markets
13.12.2023
Source: AdobeStock / JHVEPhoto Nasdaq is set to leverage the technology it developed for its cryptocurrency venture to expand into emerging markets. The renowned stock exchange operator, which recently abandoned its plans to launch a custodian business for digital assets in the United States, aims...
Bitcoin Developer Luke Dashjr Registers Ordinal Inscriptions Workaround as a Vulnerability
13.12.2023
Luke Dashjr, Bitcoin developer and CTO of Mummalin, has registered a method that allows Ordinal inscriptions to be saved on the Bitcoin blockchain as a code vulnerability. The vulnerability, CVE-2023-50428, states that “datacarrier size limits can be bypassed by obfuscating data...
US Seizes Half a Million Dollars in Digital Currency Linked to Chinese Man Involved in Crypto Fraud
13.12.2023
Source: Pexels The United States has seized digital currency valued at approximately half a million dollars from an account registered to a Chinese individual who was implicated in a crypto-investment fraud scheme. The scam, commonly referred to as “pig butchering,” involves...
We Asked The Games Industry To Share Their Favorite E3 Memories
12.12.2023
E3 is dead, long live E3. What was once the biggest event in gaming is now a thing of the past, with the president of the Entertainment Software Association confirming on December 12 that it is no more.Read more
Do Kwon Will Stay in Montenegrin Custody through February: Report
12.12.2023
Disgraced Terraform Labs’ co-founder, Do Kwon, will stay in Montenegrin custody through February 2024, according to a new report. Two-month extension granted Published by Bloomberg on Tuesday, the report states that Kwon’s detention in Montenegro has been extended through early 2024 at the behest...
Democratic Presidential Candidate Dean Phillips Says Biden and Trump Don’t “Understand” Crypto
12.12.2023
Source: Pixabay Representative Dean Phillips, a member of the United States House of Representatives running against Joe Biden for the Democratic nomination in the 2024 presidential election, recently criticized President Joe Biden and former President Donald Trump for their positions on crypto....