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End of an Era: CZ Steps Down, SEC Names More ‘Securities,’ as US Crypto Crusade Continues — Week in Review

26.11.2023
Bitcoin.com News reported this week that leading crypto exchange Binance will settle with the United States Department of Justice (DOJ) for $4.3 billion, related to breaching anti-money laundering and sanctions regulations. The well-known face of the exchange, and former CEO, Changpeng...

Former Binance CEO CZ Seeks to Dismiss Government’s Motion Blocking His Return to UAE Before Sentencing

26.11.2023
Former Binance CEO Changpeng Zhao (CZ) is seeking to dismiss the U.S. government’s motion to prevent him from going home to the United Arab Emirates (UAE) before sentencing. Despite the judge determining that the ex-Binance boss poses no flight risk after he voluntarily appeared in court to plead...

Binance onboarded millions into finance but forgot the paperwork — Columbia professor

25.11.2023
Binance settlement highlights banks’ and crypto firms’ ambiguous treatment, says Columbia Business School adjunct professor Omid Malekan

UAE Virtual Assets Regulator Says Islamic Coin Issuer Has ‘Cooperated Fully’

25.11.2023
Bored Gen DMCC, the issuer of islamic coin, has cooperated fully with the Virtual Assets Regulatory Authority’s ongoing investigation into the token’s issuance and distribution. Bored Gen, however, still needs to “secure appropriate approvals” before it undertakes...

UAE’s Bitcoin Mining Firm Phoenix Group Secures $370 Million in Oversubscribed IPO

24.11.2023
The United Arab Emirates (UAE) is making its entry into the bitcoin mining sector. In a recent declaration by Phoenix Group PLC, a bitcoin mining enterprise, it was revealed that the company successfully garnered $370 million through an initial public offering (IPO) that was highly sought after...

YouTuber Accuses Casetify Of Copyright Theft, Has Receipts

24.11.2023
There’s a brilliant trick map makers use to prevent plagiarism, called “trap streets.” They deliberately put an entirely fictional road, or even entire imaginary towns (“paper towns”), so that if someone lifts their work without permission it’s immediately identifiable to them. Something very...

Bitcoin Lightning Wallet Vanishes: Wallet of Satoshi Removed From Apple and Google’s US Stores

24.11.2023
Wallet of Satoshi removed its app from US stores, puzzling Bitcoin Lightning users. Image by Lukas Gojda, Adobe Stock. Popular Bitcoin Lightning wallet app Wallet of Satoshi has suddenly vanished from Apple and Google’s app stores in the United States. The disappearance was first noticed...

Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea

24.11.2023
In a decision by the Podgorica High Court, ex-Terraform Labs chief executive Do Hyeong Kwon (Do Kwon) is set to be extradited following his four-month incarceration in Montenegro for fabricating travel papers. The extradition bids originate from both the United States and South Korea, with...

Terra Founder Do Kwon’s Extradition Approved by Montenegrin Court – Here’s the Latest

24.11.2023
Image Source: Reuters A court in Montenegro’s capital, Podgorica, has approved the extradition of Do Kwon, the founder of Terra, to either South Korea or the United States. According to a recent update on the judiciary’s website, the final decision on the country of extradition will...

Stablecoin bill is a ‘no-brainer’ — Consensys director on US legislation

23.11.2023
Consensys senior counsel and director of global regulatory matters Bill Hughes spoke at the North American Blockchain Summit on crypto bills and their role in politics

Alchemy Pay Announces U.S. Expansion, Iowa Licensing

23.11.2023
Singapore-based Crypto-fiat payment solution, Alchemy Pay, announced further expansion into the U.S. market through their acquisition of a Money Services License in Iowa on Thursday morning. Dedication to compliance “We are thrilled to announce that we have obtained a Money Services License...

Alchemy bags money services license in Iowa, expands US services

23.11.2023
The crypto-fiat payment services provider Alchemy Pay is expanding its presence in the U.S. as it acquired its money services license in the state of Iowa

U.S. 5th Circuit Court seeks regulation on lawyers’ AI use in legal filings

23.11.2023
The suggested regulation would apply to attorneys and litigants without legal representation appearing before the court, obliging them to confirm that filings produced through the help of AI were assessed for precision

Kraken co-founder hails ‘more fair’ playing field as DOJ fines Binance

23.11.2023
Jesse Powell sees CZ’s and Binance’s legal proceedings as a positive change, as “going after the most egregious offenders offshore would require effort.”

US Prosecutors Move to Block Former Binance CEO CZ’s Return to UAE Until Sentencing

23.11.2023
Source: Youtube/Entrepreneur ME Prosecutors are pressing a federal judge to prevent former Binance CEO Changpeng Zhao from leaving the United States before his scheduled sentencing hearing on February 23, 2024. This move comes after the $4.3 billion settlement reached by Binance with the U.S....

US Lawmaker Urges Congress to Focus on Attracting Crypto Opportunities to Bolster National Security

23.11.2023
A U.S. lawmaker has called on Congress to focus its efforts on bringing more crypto activity and opportunities to the United States in order to “bolster U.S. national security.” Citing the Department of Justice’s action against crypto exchange Binance, the lawmaker stressed that Congress does...

Social Media Speculates if F2Pool is Censoring Transactions, Founder Responds

22.11.2023
0x10BC, a Bitcoin development blogger, has unveiled data potentially suggesting that F2Pool has censored a number of recent transactions. What 0x10BC’s data says 0x10BC, who runs a mining pool observation project with the aim of detecting potential unrecognized potential Bitcoin transactions...