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South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices
5.9.2024
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe...
Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’
3.9.2024
Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal,...
SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan
2.9.2024
The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto...
Crypto execs plan to raise $100K for Harris at fundraiser: Report
2.9.2024
A group of crypto industry players wants to sway Kamala Harris to soften on crypto as she maintains a slight lead in national polling over Donald Trump
SEC says it could challenge FTX crypto repayment plan
2.9.2024
The regulator said that while stablecoin-denominated creditor repayments may not be illegal, it “reserves its rights” to challenge transactions involving crypto assets
Can Prediction Market Boom Continue After Election? This Crypto Team Has a Plan
29.8.2024
Bitwise Bitcoin ETF to absorb $120M Osprey Bitcoin Trust
28.8.2024
Subject to closing conditions, the agreement will see Bitwise’s Bitcoin ETF scoop up all the Bitcoin from the Osprey Bitcoin Trust
AI v. human leadership: Debate over plan to govern Cheyenne with AI
27.8.2024
AI technology could drastically reduce inequalities and expand access to services in local and state governments, many believe
Celsius' Bankruptcy Plan Administrator Pays Out Over $2.5B
27.8.2024
Celsius' bankruptcy administrator has distributed more than $2.53 billion to some 251,000 creditors, it said in its first status report
Harris Backs Plan to Tax Unrealized Gains, Kiyosaki Says Prepare for Crash Landing, and More — Week in Review
25.8.2024
Vice President Kamala Harris supports President Biden’s proposal to increase taxes on unrealized gains for the wealthy. Financial author Robert Kiyosaki warns of an impending market crash, urging investments in gold, silver, and bitcoin for safety. Economist Peter Schiff calls for higher...
WazirX slams external forces for delaying restructuring efforts
25.8.2024
This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests
US Trustee challenges FTX reorganization plan, citing legal concerns
25.8.2024
The objections raised by the US Trustee and the creditor group are likely to play a significant role in the court’s deliberations
Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure
24.8.2024
Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid increased regulatory scrutiny and ongoing legal...
Perplexity AI’s ad integration plan draws shock, mockery: ‘This company is toast’
23.8.2024
The company reportedly intends to charge a much higher than average premium for ad space in its AI-powered search engine
Perplexity AI’s ad integration plan draws shock, mockery: ‘This company is toast’
23.8.2024
The company reportedly intends to charge a much higher-than-average premium for ad space in its AI-powered search engine
Perplexity AI’s ad integration plan draws shock, mockery: ‘This company is toast’
23.8.2024
The company reportedly intends to charge a much higher-than-average premium for ad space in its AI-powered search engine
WazirX Announces Staged INR Withdrawal Plan Following Hack
23.8.2024
WazirX, a leading crypto exchange in India, has said it will gradually restore the withdrawal of Indian Rupees.…
AI drone ‘hellscape’ plan for Taiwan, LLMs too dumb to destroy humanity: AI Eye
22.8.2024
Skyfire launches crypto payments network for AI agents, Trump deepfakes ‘just memes,’ drone swarms to be unleashed on China: AI Eye
FTX says creditors supported reorganization plan with a 95% vote
22.8.2024
FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors
Insiders Report Report Kamala Harris Backs Biden’s Plan to Tax Unrealized Gains
21.8.2024
As Kamala Harris eyes the presidency, reports highlight the Harris-Walz campaign’s backing of President Joe Biden’s budget proposal. This plan seeks to raise capital gains to 44.6% and introduces a 25% minimum tax on unrealized gains for Americans with over $100 million in wealth. Harris is also...