Thu, March 28

Japan Contemplating Allowing Higher Leverage for Retail Crypto Traders

Industry participants seek to allow leverage of four to 10 times for retail players, according to the Japan Virtual & Crypto Assets Exchange Association (JVCEA). Customers may now only borrow twice as much as they are risking. Regulators in Asia have been seeking to introduce crypto-friendly policies to allow more

June 20, 2023 1 min read

Terra Co-founder Do Kwon Sentenced to 4 Months Prison in Montenegro

On Monday, the Basic Court of Montenegro decided in favor of the prosecution in the passport falsification case, convicting Terra co-founder Do Kwon and former CFO Han Chang-joon. Within the next six months, Montenegrin officials will have completed their investigation and legal process necessary to extradite Terra co-founder Do Kwon

June 19, 2023 1 min read

Binance No Longer Authorized by UK Financial Conduct Authority

The UK Financial Conduct Authority (FCA) has granted the request to deregister Binance Markets Limited (BML) made by the world’s biggest crypto exchange, Binance. Due to increased scrutiny from authorities, Binance Markets Limited did not launch its services and had zero consumers. Binance, a popular cryptocurrency exchange, is having further

June 19, 2023 1 min read

Elon Musk Raises Scam Alert on BOB-Linked Twitter Bot

Following Elon Musk’s accusation of being a “scam crypto account,” the Twitter account of the widely-known meme coin-associated AI bot “Explain This Bob” has been suspended. On June 18, Elon Musk took to Twitter to accuse the account of being a scam, and shortly after his tweet, the bot’s account

June 19, 2023 1 min read

BRICS Application by Bangladesh: Major Global Economic Shifts

Bangladesh has submitted a formal application to join the BRICS alliance, which has Brazil, Russia, India, China, and South Africa in hand. The application follows a meeting between Prime Minister Sheikh Hasina and South African President Matamela Cyril Ramaphosa in Geneva. This development carries significant implications for the global economic

June 19, 2023 2 mins read

Over 12 Million Ordinal Inscriptions Recorded on Bitcoin Blockchain

According to the most recent assessment, there are now over 12,494,695 Ordinal inscriptions connected to the Bitcoin blockchain. As a result of this ongoing pattern, mempool.space has recorded over 300,000 outstanding transactions that have yet to be validated. Bitcoin miners validated these transactions and others worth $46.10 million in conventional

June 18, 2023 1 min read

Grayscale Bitcoin Trust (GBTC) Almost Hits New 2023 Highs

The “OG” institutional Bitcoin investment vehicle seems to have gained value as a result of BlackRock’s Bitcoin aspirations. According to data compiled by tracking platform CoinGlass, the Grayscale Bitcoin Trust (GBTC) came dangerously close to new all-time highs on June 17. Late last week, when word spread that the biggest

June 18, 2023 1 min read

ZachXBT Received a Defamation Lawsuit From Jeffrey Huang

Earlier Today, Machi Big Brother (known as Jeffrey Huang), a web3 pseudonym filed a lawsuit against ZachXBT (known for Zachary), an internet on-chain sleuth. The reason for the lawsuit is defamation in an article written by Zachary on June 2022. However, the lawsuit claimed from the U.S. District Court for

June 17, 2023 2 mins read

Binance Flexible Loan Announces the Delisting of PEPE as a Borrowable Asset

In a notable shift, Binance has opted to delist PEPE as a borrowable asset. Consequently, this change in Binance’s Flexible Loan offerings signals an intriguing shift in the platform’s asset management strategy. As per Binance’s announcement, this strategic decision will culminate on June 21, 2023, at 08:00 (UTC). Hence, users

June 17, 2023 1 min read

SEC’s Enforcement Chief Opposes Crypto-Cracking Criticism

As per the Reuters, it is said the United States Securities and Exchange Commission (U.S. SEC) has refused the crypto breakdown criticism and condemned the securities laws which are breached, on Friday.  In New York, Gubir Grewal, the chief director of SEC enforcement stated that this criticism is imposed as

June 17, 2023 2 mins read