The bail clearance of prominent crypto entrepreneur Do Kwon and his colleague Han Chang-Joon has reportedly been challenged. This has been done at the basic court of Montenegro by the local prosecution team. Kwon’s legal team successfully petitioned the court for bail in the amount of almost 400k Euros (437k
The number of persons making new claims for unemployment benefits each week fell to 242,000 from the previous week’s 264,000, according to figures released by the Department of Labor on Thursday. This is a significant drop of 22,000 from the previous week’s total. Claims from those who have been collecting
On Wednesday, May 17, the Senate Standing Committee on Finance in Pakistan ordered new cryptocurrency regulation laws to be drafted. Inflation hit an all-time high of almost 36% in the month of April 2023, adding to the country’s other economic woes. Minister of State for Finance Ayesha Ghos Pasha said
Poor management and a lack of liquidity were found to be major factors in the demise of Signature Bank. FDIC chairman Martin Gruenberg, on the other hand, thinks the bank should have known better about the dangers involved with cryptocurrencies or it would not have fallen so quickly. Gruenberg brought
For retail investors, unbacked cryptocurrencies like Bitcoin (BTC) should be considered as gambling, according to a new recommendation by a UK regulatory group. The Treasury Select Committee, a cross-party committee made up of members of Parliament, “strongly recommended” this approach for the trading of digital assets in a report released
Two tokens, Bone ShibaSwap (BONE) and Baby Doge Coin (BABYDOGE), have been added to Tarmex, a well-known crypto exchange. Token deposits for trading on the platform may begin on May 16 at 08:00 UTC, 2023. 📣Tarmex will list @Shibtoken and @BabyDogeCoin tokens on 2023.05.16 at 08:00 UTC ⏰Users Can start
Members of the Council of the European Union voted in favor of the Markets in Crypto-Assets (MiCA) legislation on May 16. Granting it final approval and paving the way for it to become a standardized regulation throughout the EU. There were 27 yes votes from Finance Ministers from EU member
DFLunc, a popular new Terra Classic project, has burnt over 1.6 Billion LUNC tokens in only two weeks thanks to its huge LUNC burn mechanism. In April, the DeFi protocol was released with the intention of burning billions of LUNC tokens at once, which would reduce the inflated circulating supply.
Central bank digital currency (CBDC) based offline payments using Samsung Galaxy smartphones and wearables are a potential outcome of a research project jointly undertaken by Samsung and the Bank of Korea. Korean media outlets reported on Monday that Samsung Electronics and the Bank of Korea will collaborate. This would be
The global cryptocurrency market has been overshadowed by too many events, but this hasn’t stopped developers from creating new strategies to boost the token value. One project that has recently started to gain attention is Bitgert (BRISE). The crypto engineering project sparked the crypto market with its recent dominance. Bitgert
