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South Korean Prosecution Vows to ‘Review’ Crypto Sector as Scandal Intensifies
25.5.2023
South Korea’s Prosecutor-General has promised a “thorough review” of the crypto sector amid rising “public suspicion” about politicians and their crypto holdings.
Per Yonhap, Prosecutor-General Lee Won-seok said his agency would “faithfully investigate” the sector.
And he pledged to “resolve...
Crypto industry leveled in 2022 — Bitmex CEO
25.5.2023
BitMEX’s CEO reflects on a tumultuous 2022 for the cryptocurrency industry and the effects of the FTX fallout and other recent major events
Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
25.5.2023
The Arrington Capital-backed grouping beat fellow bidder NovaWulf for Celsius’ assets, with the Blockchain Recovery Investment Consortium selected as back-up
Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June
25.5.2023
Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing...
Gaming is the 'largest scale opportunity' for crypto: Polygon co-founder
25.5.2023
Polygon co-founder Sandeep Nailwal said growing industries “invites a lot of speculation early on” but the genuine use cases will eventually rise to the surface
Shaquille O'Neal hit with FTX and Astral NFT suits during NBA game
25.5.2023
Process servers claim they were able to reach and serve the former basketball star during an NBA game at the home arena for the Miami Heat, formerly known as FTX Arena
BTC-e founder seeks prisoner swap deal for detained WSJ journalist: Report
25.5.2023
The detention of a U.S. journalist in Russia has sparked a renewed push from Alexander Vinnik, the co-founder of BTC-e for a possible "prisoner swap" deal
Binance helped US authorities freeze $4.4M linked to DPRK cybercrime orgs
25.5.2023
Following “lawfully served warrants,” Binance worked to flag the accounts and tie up the funds
Central Bank: Crypto May ‘Infect’ Russian Economy – Is a Crackdown Incoming?
25.5.2023
Cryptoassets have the power to “infect” the Russian economy, the nation’s crypto-skeptic Central Bank has warned.
Per the domestic news agency Interfax, the bank’s First Deputy Chairwoman Ksenia Yudaeva made the comments at a recent economic forum.
She claimed that the government and regulators...
IRS Sends Experts Next Month Around the World To Combat Cybercrime With a Focus on Crypto
25.5.2023
The US Internal Revenue Service will deploy experts next month to four continents to combat cybercrime, with a particular focus on tax and financial crimes that use cryptocurrency.
That is part of a pilot program the IRS announced last week where “cyber attachés” will be sent to Sydney, Bogota...
Bitpanda Partners With Coinbase to Help Europe’s Banks Offer Crypto to Customers
25.5.2023
Coinbase will use Bitpanda Technology Solutions, a business-to-business infrastructure layer provider, to connect directly into banks and fintechs
Best Crypto to Buy Now 24 May – Kava, AiDoge, Render, ecoterra, Toncoin, yPredict, DeeLance
25.5.2023
The minutes from the Federal Reserve's early May meeting reveal a lack of consensus regarding future interest rate changes, bringing an air of uncertainty to markets today.
Officials expressed indecision about whether to continue raising rates or maintain the status quo.
In light of this...
Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices
25.5.2023
The continued contraction of the stablecoin market capitalization suggests that the crypto markets are still in their bear phase, macro analyst Tom Dunleavy said
Crypto Hacks Plunge 70% in Q1 2023, Victims Recover Over Half of Stolen Funds, but Experts Warn of Temporary Relief
25.5.2023
On May 22, 2023, a report released by the blockchain analysis firm TRM Labs delved into nearly 40 hacks and assaults on cryptocurrency projects within the first quarter, discovering a 70% decline in incidents over the previous three months. The study says the slowdown is probably temporary, with...
Excavating the Truth Around the Bitcoin Mining Discourse
24.5.2023
Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked the plant and its continued operation, we found...
Bitcoin’s Doldrums Below $26.5K Endure as Investors Weigh Debt Ceiling Stalemate, Latest FOMC Minutes
24.5.2023
The largest cryptocurrency by market capitalization sank below $26.2K early Wednesday after disappointing U.K. inflation data
FOMC Minutes Signal Central Bank Divided on Need for More Tightening – Here is How Crypto Reacted
24.5.2023
The minutes from this month’s FOMC meeting of US Federal Reserve policymakers were just released, revealing the bank to be divided on the need for further interest rate hikes.
Cryptocurrency, forex, US equity and US bond markets didn’t see much of a reaction to the minutes, the tone of which were...
Crypto Execs Give Washington Influence Another Go With FTX Anchor Around Necks
24.5.2023
When Washington, D.C. lawmakers tune into their favorite Sunday morning political shows this week, they’ll also get a dose of crypto messaging, thanks to a Coinbase (COIN) campaign that’s part of the next stage in the industry’s attempt to influence U.S. policy
Jump Crypto finds double-voting vulnerability in Celer’s SGN
24.5.2023
The bug would have allowed malicious validators to compromise the network and applications that rely on it, including Celer’s cBridge
China Central Television’s Segment on Crypto Garners Attention Around the World
24.5.2023
China Central Television aired a segment on Tuesday involving virtual assets, which garnered attention from around the world.
The segment, which is just over a minute long, features bitcoin, nonfungible tokens and is titled “Hong Kong Securities Regulatory Commission: Implementing a mandatory...