Binance's Unprecedented Growth and Disruption of the Status Quo In just six years, Binance has transformed from a fledgling cryptocurrency exchange into a global behemoth, eclipsing even traditional financial giants in terms of trading volume. This meteoric rise, fueled by...
The European Parliament’s Committee on Internal Market and Consumer Protection has championed the establishment of a comprehensive regulatory framework to promote metaverse development and solidify the EU's position as a frontrunner in this emerging realm. Key Takeaways: The committee adopted...
Ethereum co-founder Vitalik Buterin has sounded the alarm about the potential dangers posed by super-intelligent artificial intelligence (AI), warning that it could surpass human intelligence and become the dominant species on Earth. The Unique Nature of AI Buterin's apprehension stems...
The governance token of the Ethereum-based coin mixing protocol Tornado Cash, TORN, experienced a precipitous drop of over 60% following the announcement of its delisting from Binance. #Binance will delist the following tokens on December 07, 2023. 🔸 $BTS🔸 $PERL🔸...
The Japanese National Tax Agency (NTA) has been stepping up its efforts to ensure cryptocurrency tax compliance, resulting in a surge in investigations and uncovered tax violations. Key Findings: The NTA launched 615 investigations into Japanese residents' crypto holdings in...
In a cautionary piece, Kathleen Breitman, co-founder of the Tezos blockchain, warns of a burgeoning trend of AI-infused crypto scams exploiting the hype surrounding both technologies. She identifies three distinct types of these emerging scams: AI Tokenization: Scammers are leveraging...
In a major breakthrough, the Nigeria Police Force (NPF) has apprehended a politician, Wilfred Bonse, for his alleged involvement in the theft of over 200 million naira (approximately $246,153) from Patricia Technologies' crypto wallet. The arrest offers a ray of...
El Salvador's bold experiment of adopting Bitcoin as legal tender, a decision made over two years ago, has yielded mixed results. While the move generated significant buzz and positioned the country as a pioneer in the cryptocurrency space, the financial...
In a move that could complicate its ambitions in Hong Kong, cryptocurrency exchange Binance and its founder, Changpeng Zhao (CZ), have pleaded guilty to US anti-money laundering laws. This legal settlement could raise hurdles for Binance's affiliated entity, HKVAEX, in...
In a bizarre turn of events, Hollywood director Carl Erik Rinsch, known for his work on "47 Ronin," allegedly used nearly $60 million in Netflix funds intended for a sci-fi series to invest in cryptocurrencies and stocks, and then proceeded...
In a brazen heist that highlights the persistent vulnerabilities of decentralized finance (DeFi) protocols, KyberSwap, a popular DEX, has fallen victim to a sophisticated hack, resulting in the loss of a staggering $48 million. This incident serves as a stark...
Crypto-centric bank Silvergate Capital has fully repaid all outstanding deposit liabilities, marking a significant step towards the completion of its winding-down process. The La Jolla, California-based bank stated that it now holds less than $10,000 in assets, indicating the near-completion...
In an internal memo to Binance staff, founder and former CEO Changpeng Zhao (CZ) expressed gratitude for their support following his guilty plea to several charges, including money laundering. CZ acknowledged the challenges of navigating the legal process, including the...
Binance CEO and Founder Changpeng Zhao to Step Down, Plead Guilty in DOJ Deal In a significant development, Binance, the world's largest cryptocurrency exchange, has reached a deal with the U.S. Department of Justice (DOJ) that will see CEO Changpeng...
In a recent amendment to its S-1 filing, asset manager WisdomTree has designated Coinbase Custody Trust Company LLC as the official custodian for its spot Bitcoin ETF. This marks a departure from the original filing, which named U.S. Bank, National...
Sberbank, one of Russia's largest banks, has revealed that major cryptocurrency exchanges, including OKX, Bybit, and Bitstamp, are cooperating with Russian arbitration managers in bankruptcy investigations. According to "Vedomosti", Evgeny Akimov, head of Sberbank's enforcement and bankruptcy department, stated that...
In a scathing rebuke of the United States Securities and Exchange Commission (SEC), Kraken co-founder Jesse Powell labeled the agency as the "USA's top decel" and urged crypto companies to abandon the "US warzone" to avoid costly legal disputes. Powell's...
Tether, the company behind the popular USDT stablecoin, is facing a legal challenge in London's High Court over a $1 billion deposit with a financial services firm. The High Court filings allege that Tether deposited the funds with a subsidiary...
Chinese tech giants Tencent and Huawei are making significant strides in the Web3 space, despite the country's strict regulations on cryptocurrency trading. At the recent Staking Summit in Istanbul, a premier event for proof-of-stake (PoS) protocols, Tencent and Huawei exhibited...
The price of BNB, the native token of the Binance cryptocurrency exchange, has surged over 7% in the past 24 hours following reports of a potential $4 billion settlement with the United States Department of Justice (DOJ). This marks the...
Robert Kiyosaki, the renowned author of "Rich Dad Poor Dad," is once again sounding the alarm about hyperinflation and urging investors to consider Bitcoin as a means of protection. In a recent post on social media, Kiyosaki drew a parallel...
Santander Private Banking International (SPBI), a division of Spanish banking giant Banco Santander, is now allowing its high-net-worth clients with bank accounts in Switzerland to trade and hold Bitcoin (BTC) and Ether (ETH). This marks a significant step forward for...
Gabby Dizon, co-founder of Yield Guild Games, believes that many Web3 games will switch to a free-to-play model in order to attract more players. He says that the current play-to-earn (P2E) model is too restrictive and is preventing mass adoption....
JPMorgan and Apollo Partner with Blockchain Firms to Explore Fund Tokenization for Personalized Portfolio Management JPMorgan and Apollo have teamed up with several blockchain companies to showcase a proof of concept that demonstrates how asset managers can tokenize funds on...