Author: Tony Pearce
North Korean Hackers Steal $720M in Digital Assets from Japanese Investors
Reading Time: < 1 minuteJapanese investors were among those who were most affected by the North Korean hackers, having lost over $720 million of virtual currencies since 2017.
Changpeng Zhao Plans to Reduce its Control Over Binance.US
Reading Time: < 1 minuteBinance.US and founder Changpeng Zhao are seeking to reduce Zhao’s stake in the platform due to tight scrutiny from US regulators.
US Crypto Companies Are Moving to Bermuda Due to US Regulatory Environment
Reading Time: < 1 minuteThe increasingly stringent regulatory environment in the United States has prompted crypto companies to seek out jurisdictions with friendlier digital asset frameworks.
FDIC Proposes Major Banks Pay Billions to Restore Failure Fund
Reading Time: < 1 minuteThe FDIC proposed that banks with more than $5 billion in assets pay a 0.125% “special assessment” fee on uninsured deposits.
USDC Issuer Increases Share of Treasury Bills Due to Risks of US Default
Reading Time: < 1 minuteCircle has revised its stablecoin collateral structure to include short T-Bills, in an effort to protect against the potential of a US technical default.
Hong Kong Will Allow Crypto Exchanges to Serve Local Investors
Reading Time: < 1 minuteStarting June 1st, Hong Kong will begin to operate a mechanism for licensing cryptocurrency exchanges, allowing investors to buy and sell virtual currencies.
Mining Firm Hut 8 Mined 132 BTC Last Month
Reading Time: < 1 minuteHut 8 Mining, a Canadian mining company, has reported that it had mined 132 BTC in April, bringing its total reserve of BTC to 9,265.
A Trader Pays a $120K Fee to Buy a Meme Token
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A trader has recently converted 84 wrapped ETH (WETH) into 3.8 billion FOUR, the new meme token launched on the Ethereum network on May 8, using the Uniswap decentralized exchange.
Hong Kong Legalizes Investments in Blockchain Projects and Cryptos
Reading Time: < 1 minuteHong Kong is determined to become a hub for the blockchain industry, competing with major cities like Singapore and London.
South Korean Deputy Suspected of Illegal Crypto Transactions
Reading Time: < 1 minuteSouth Korean prosecutors have reported a series of suspicious digital asset transactions allegedly carried out by opposition MP Kim Nam-kook.
Bain Capital Plans to Attract $4B for New Fund
Reading Time: < 1 minuteBain Capital is attempting to raise $4 billion for a global “special situations fund” as it seeks out investments in a wide range of asset classes, according to two people with knowledge of the matter.
US State of Montana Introduces Bill to Protect Bitcoin Miners from Discriminatory Rates
Reading Time: < 1 minuteMontana Governor Greg Gianforte has signed Senate Bill 178, prohibiting government interference in the activities of mining companies.
Solana Announces Competition for NFT Artists
Reading Time: < 1 minuteThe Solana Foundation has launched a competition for emerging digital artists, the NFT Showdown, in an effort to upgrade the quality of new NFT projects.
Deloitte Releases a Polkadot KILT Protocol Parachain for KYC
Reading Time: < 1 minuteDeloitte, one of the largest audit and consulting firms in the world, is utilizing Polkadot’s KILT Protocol parachain technology to improve its KYC/KYB processes.
IMF Head Recalls Risks of Introducing CBDCs
Reading Time: < 1 minuteThe Director of the International Monetary Fund has expressed worry over the readiness of many countries to transition to national digital currencies (CBDCs).
Crypto Venture Firm Credably Neutral Attracts $5.5M
Reading Time: < 1 minuteViktor Bunin and Lisa Cuesta Bunin, the creators of Credably Neutral, a new Web3-focused investment company, have recently received $5.5 million in funding.
Florida Governor Wants to Ban CBDCs
Reading Time: < 1 minuteFlorida Gov. Ron DeSantis has taken a firm stance against the idea of a central bank digital currency (CBDC), vowing to ban it in his jurisdiction.
Coinjar to Expand to US
Reading Time: < 1 minuteCoinjar, an Australian crypto exchange, is looking to expand into the United States despite the current market’s regulatory risks.
Binance Warns Justin Sun After Transferring 115M TUSD
Reading Time: < 1 minuteAnalysts at Whale Alert have detected a transfer of 115.1 million TrueUSD (TUSD) from Tron founder Justin Sun to Binance.
DEX Merlin Loses $1.82M in Hacker Attack
Reading Time: < 1 minuteMerlin, a decentralized exchange based on zkSync Era, lost approximately $1.82 million in assets in an alleged exploit immediately after a CertiK audit. CertiK completed on April 24 a security […]
Gibraltar Court Freezes Crypto Exchanges Assets
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A Gibraltar court has frozen cryptocurrency wallets on multiple large trading platforms that are potentially linked to the now-bankrupt Globix exchange.
Puma Plans to Launch a Collection of NFT Sneakers
Reading Time: < 1 minutePuma has collaborated with digital artist Wagmi-san and store 10KTF to release a collection of NFT sneakers.
South Korea’s Authorities Bring Criminal Charges Against Terraform Labs Co-founder
Reading Time: < 1 minuteSouth Korean prosecutors have brought charges against Terraform Labs (TFL) co-founder Daniel Shin.
Romania to Launch a National NFT Marketplace
Reading Time: < 1 minuteThe Romanian National Institute for Informatics Research and Development is set to launch a government-backed NFT platform to encourage Web3 adoption in the country.
France to Accelerate Crypto Startups Registration
Reading Time: < 1 minuteThe French Financial Market Supervisory Commission (AMF) is exploring the possibility of expediting the registration of crypto firms.
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