South Korea has taken a decisive step, instructing its local cryptocurrency exchanges to maintain a reserve of at least 3 billion won, equivalent to roughly $2.3 million. This directive, anchored in the “Virtual Asset Real-Name Account Operation Guidelines” by the
FTX, the defunct cryptocurrency exchange, has temporarily halted user accounts linked to Kroll, its bankruptcy claims agent, following a troubling cyber breach. While seemingly necessary for safeguarding users, this decision raises questions about crypto firms’ broader vulnerabilities in an era
Soccer legend Ronaldinho Gaúcho is making headlines not for his football skills but for his alleged involvement in a crypto fraud probe. According to a recent report, the Brazilian superstar has been linked to a crypto pyramid scheme through his
As cryptocurrencies face scrutiny worldwide, the unique enrollment method of Worldcoin, the brainchild of Sam Altman, has taken a toll on its market value. The novel token of Worldcoin, a protocol that uses iris-scanning orbs for user enrollment, WLD crashed
The Middle East has always acted as a friend of the crypto industry, and one more country is making headlines this time by investing $1.1 billion in Bitcoin mining. H.E. Sheikh Mansour Bin Taleb Bin Ali Al Hinai, Chairman of
The U.S. Department of Justice (DOJ) charged Tornado Cash developers Roman Storm and Roman Semenov with laundering over $1 billion in criminal proceeds, including hundreds of millions of dollars for stated-backed North Korean hacking group Lazarus. Tornado Cash is an
In a resounding move against deceptive practices in the financial industry, the U.S. Securities and Exchange Commission (SEC) has announced a substantial settlement with Titan Global Capital Management USA LLC. The New York-based FinTech investment adviser has been scrutinized for
Bitcoin Ordinals non-fungible tokens (NFTs) may be losing style as trading and sales volume crashed over 99% since May, according to a new report from DappRadar. The crypto tracking platform described the decline as “alarming.” Published Aug. 17, the report
SpaceX reduced the value of Bitcoin on its balance sheet by $373 million last year and in 2021. Tesla also offloaded Bitcoin last year. While the sale of Tesla’s Bitcoin (BTC) is in the public domain, details surrounding SpaceX’s holdings
SEC greenlights the first-ever Ethereum Futures ETF, marking a major milestone in the crypto industry. Valkyrie’s listing, expected in October, signals a turning point for Ethereum investors. The United States Securities and Exchange Commission (SEC) is expected to approve the
Kenya’s data protection agency filed a lawsuit with the High Court of Kenya, asking the court to force Worldcoin to safeguard and store the data it collected from Kenyan individuals until investigations are complete, according to local media reports. The
Judge Analisa Torres of the U.S. District Court for the Southern District of New York has granted the SEC permission to apply for an interlocutory appeal in its Ripple Labs case. Judge Torres received consent after the SEC wrote on
ABOUT US
and then