Richard Teng has been given responsibility for all regional markets outside of the United States at Binance, the biggest cryptocurrency exchange in the world by trading volume. Authorities in the United States have been looking into Binance for some time. Richard Teng, who took over as CEO of Singapore for
May 29, 2023 1 min read
Ethereum has made significant progress towards its impending Cancun upgrade after its well-publicized Shapella upgrade earlier this year. In addition, the change should have a major effect on the network’s architecture. In recent months, people working on the core of Ethereum have explored a number of Ethereum Improvement Proposals (EIPs).
May 27, 2023 2 mins read
The LayerZero cross-chain bridge protocol, Stargate, has proposed a thorough solution to the stability problems surrounding anyUSDC, Fantom’s principal USDC asset, after the recent “force majeure” occurrence impacting Multichain. Stargate launches its binary voting mechanism to protect the health of its ecosystem and reduce uncertainty. As a first step, the
May 27, 2023 1 min read
The Republic of Ireland was recently named the new European headquarters for Gemini, the cryptocurrency exchange controlled by Tyler and Cameron Winklevoss. The statement came after crypto founders met with Irish Prime Minister Leo Varadkar and officials from the Industrial Development Agency (IDA), the government agency in charge of attracting
May 26, 2023 2 mins read
Binance, the largest cryptocurrency exchange in the world, is making waves with its global expansions and high-profile collaborations. Binance recently made headlines when it revealed it has acquired Digital Asset Operator Licenses in Thailand. This comes after the company temporarily halted operations in Canada owing to regulatory issues. On Friday,
May 26, 2023 2 mins read
The Open Network (TON), a breakthrough technology that aims to integrate all blockchains and the Web2 internet into a single open network, is conducting a decentralized finance (DeFi) and data analytics hackathon in collaboration with DWF Labs and Amazon Web Services (AWS) under the banner of Hack-a-TON. Developers with an interest
May 25, 2023 4 mins read
The bail of crypto entrepreneur Do Kwon and his colleague Han Chang-Joon was recently revoked by the Montenegro High Court, according to recent sources. The judgement was reached when the local prosecution team challenged the bail, claiming the accused were going to leave Montenegro for another nation. Prosecutor Haris Sabotic
May 24, 2023 1 min read
Class action litigation against NBA legend Shaquille O’Neal and his Astrals NFT project was announced on Twitter by web3 IP and corporate attorney Ariel Givner, Esq. She explained the lawsuit’s basis on Twitter. Noting that the plaintiffs claimed Shaq’s putative invention, the Astrals tokens, and NFTs, were unregistered securities. The
May 24, 2023 2 mins read
The Digital Currency Group (DCG) failed to repay $630M on a loan that was due to Gemini last week, as the exchange confirmed. Genesis, a division of Digital Currency Group, had received $900 million from Gemini before it went bankrupt. The crypto firm controlled by the Winklevoss twins and other
May 22, 2023 1 min read
Hong Kong users of the cryptocurrency exchange BitMEX will soon have access to a new dedicated platform. With the implementation of the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Statute 2022 on June 1, 2023, the company intends to apply for a Virtual Asset Service Provider (VASP) license. BitMEX’s
May 22, 2023 1 min read