The extradition of Terra co-founder Do Kwon has been accepted by a higher court in Montenegro, according to people with knowledge of the situation. Do Kwon and Han Chang-joon, former executives of Terraform Labs, were each given a four-month jail term in a passport falsification case, and their appeal was
November 24, 2023 2 mins read
The SEC, according to recent statements by Commissioner Hester Peirce, is no longer obligated to hold up the approving of ETFs for significant crypto entities. The crypto world has spent the whole year waiting for the U.S. SEC to greenlight spot ETFs. Ark Invest, managed by CEO Cathie Wood, has
November 24, 2023 2 mins read
Reversing its earlier decision to fire Sam Altman, OpenAI rehired him two days after Microsoft appointed him to head a new squad focused on advanced artificial intelligence research. The news that Altman will be returning to OpenAI as CEO was revealed on November 22. In a formal tweet, the corporation
November 22, 2023 2 mins read
The U.S SEC has accused Kraken, Coinbase, and Binance of illegally doing business in the United States without registering as securities firms. Kraken traded a lengthy list of tokens that the SEC deems securities; each of these tokens has been the subject of many SEC enforcement cases. Kraken rejects the
November 21, 2023 2 mins read
Kronos Research, a quantitative trading company, lost $25 million to hackers who gained access to the company’s API credentials. The firm disclosed the compromise of several of their API keys on November 19th. Subsequently, the business terminated its trading services on the platform. After investigating the situation further, blockchain expert
November 20, 2023 1 min read
Javier Milei, who supports bitcoin, defeated Sergio Massa to win Argentina’s presidential election on November 19. According to Bloomberg statistics, with over 99% of the ballots recorded, Milei had over 55% of the vote, giving him a roughly 3-million vote advantage. Massa, the nation’s minister of economics, contacted Milei to
November 20, 2023 2 mins read
Ripple’s Lead Product Manager Jasmine Cooper believes that the upcoming launch of the Automated Market Maker (AMM) on the XRP Ledger (XRPL) would significantly increase adoption and demand for XRP. Eri, a well-known member of the XRP community, recently posted an interview in which Cooper discussed the possible influence of
November 18, 2023 2 mins read
According to a filing with the United States SEC dated November 17, Fidelity Investments intends to launch a spot Ethereum ETF. The proposed rule change that would enable Cboe BZX to list and trade shares in Fidelity’s prospective fund was described in a 19b-4 filing. Similar to Fidelity’s spot Bitcoin
November 18, 2023 2 mins read
Ripple’s Chief Legal Officer Stuart Alderoty responds sharply to comments made by U.S SEC Chairman Gary Gensler. The SEC chair, in a recent address, echoed the first Chair of the SEC, Joseph P. Kennedy, who emphasized the agency’s role as both a partner to honest businesses and a prosecutor of
November 17, 2023 2 mins read
On Thursday, the cryptocurrency app Strike announced a huge broadening of its services. In a post published on Thursday, Strike’s founder Jack Mallers revealed the company’s international expansion. Users in 36 countries (soon to be 65+) outside the United States may now use the app to purchase bitcoin. As part
November 17, 2023 1 min read