Prime Minister Fumio Kishida reaffirmed Japan’s commitment to embracing the transformative power of Web3 during the prestigious WebX Web3 conference. In a remarkable shift from its aggressive stance on Bitcoin regulation, Japan is now positioning itself at the forefront of
Crypto swingman Sam Bankman-Fried (SBF) planned to purchase the island nation of Nauru and build a bunker there to protect his colleagues in the effective altruism movement in the event of an apocalypse, new court documents show. Filed in a
As a Wall Street Journal reported, Celsius Network, the beleaguered cryptocurrency lender, is nearing the completion of court settlements that could pave the way to recovering its customer assets. The development follows tumultuous times for the company after filing for Chapter 11
OpenAI CEO Sam Altman announced the official launch of his biometrics project, Worldcoin. The project also includes an eponymous cryptocurrency called Worldcoin Token (WLD), which was immediately listed on leading exchanges Binance and Huobi on July 24. Worldcoin promises people
In a new revelation that contradicts circulating rumors, Tesla has reportedly edited out Bitcoin (BTC) references from the source code of its payment page while leaving intact references to Dogecoin. Chinese reporter Colin Wu, acclaimed for his insight into the
Following the recent court verdict favouring XRP in the Ripple Labs lawsuit, the U.S. Securities and Exchange Commission (SEC) hints at a possible appeal. The regulator believes this decision contradicts established securities laws principles. Besides, it challenges the time-honoured Howey
Cryptocurrency platform FTX Trading is pressing charges against its founder, Sam Bankman-Fried, and several former executives in a lawsuit claiming over $1 billion in misappropriation. Delaware’s bankruptcy court complaint stated that the allegedly misused funds led to the company’s bankruptcy.
Unveiled recently by US Senators Jack Reed, Mike Rounds, Mark Warner, and Mitt Romney, a controversial bill aims to apply stringent anti-money laundering (AML) measures to the nascent domain of decentralized finance (DeFi). However, the Crypto Council for Innovation (CCI),
Kuwait, the Gulf state, has issued an absolute ban on all activities involving cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, through several regulators. The announcement, made by Kuwait’s principal financial regulator, the Capital Markets Authority (CMA), on July 18, casts
Ripple’s XRP continues to rise despite a broader crypto downturn, defying the bearish trend. This boost has primarily been attributed to the outcome of Ripple vs SEC lawsuit as anticipation for a possible settlement conference grows. Following the partial ruling
The Australian subsidiary of Sam Bankman-Fried’s cryptocurrency exchange, FTX, is facing significant challenges as the country’s regulator, the Australian Securities and Investments Commission (ASIC), has canceled its local financial services license. This move comes after revelations of substantial financial misconduct,
Justin Sun and his companies have found themselves on the receiving end of an SEC dragnet in a move sending shockwaves through the cryptocurrency world. Justin Sun was strongly involved in allegations announced earlier this year which involved unregistered offers
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