Binance, one of the largest crypto exchanges, is teaming up with Gulf Energy Development Pcl, owned by billionaire Sarath Ratanavadi, to launch a new digital asset platform in Thailand. The joint venture has received the necessary licenses, but Binance’s recent guilty plea and $4.3 billion in penalties for violating US anti-money laundering and sanctions laws have raised concerns. Regulatory Scrutiny […]

A Pro XRP Lawyer John Deaton, who represents numerous XRP token holders, has made a noteworthy prediction regarding Blackrock’s equity investment in the popular cryptocurrency exchange, Coinbase.  This analysis comes at a pivotal moment, coinciding with the plans of a majority of spot Bitcoin ETF applicants awaiting approval from the US Securities and Exchange Commission (SEC), who are eyeing Coinbase […]

The exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the hostilities, threatening to push out negotiations until everyone is “more civil.” In an on-chain message addressed to KyberSwap executives, tokenholders and liquidity providers on Nov. 28, the exploiter said they plan to release a statement around a potential treaty with […]

Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit from plaintiffs claiming they suffered losses from his promotion of the now-legally embroiled crypto exchange Binance. A Nov. 27 filing to a Florida District Court claimed Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.” Binance entered a multi-year […]

The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids. The agency has requested written comments on both proposals to approve or deny the applicants’ Forms 19b-4. SEC Form 19b-4 is a public disclosure approved by the SEC Trading and Markets […]

A federal judge has accepted materials from Jump Crypto Holdings in discovery for the United States Securities and Exchange Commission (SEC) case against Terraform Labs. In a Nov. 28 filing in U.S. District Court for the Southern District of New York, Judge Jed Rakoff approved the confidential treatment of certain materials produced by Jump Crypto Holdings, the crypto arm of […]

Dunamu, the owner of Upbit, one of South Korea’s biggest crypto exchanges by trading volume, saw a drop of 81.6% in net profit in the third quarter of 2023 compared to the same period last year.  The company reported a net profit of 159.9 billion Korean won (KRW), worth around $123 million, in 2022 Q3. However, on Nov. 28, the company said […]

The recent remarks by Charles Hoskinson, the founder of Cardano, criticizing the U.S. Securities and Exchange Commission (SEC) for classifying ADA as a security have sparked a broad debate within the cryptocurrency community. This debate intensified following comments from various industry figures, including Australian lawyer Bill Morgan, who noted inconsistencies in the SEC’s approach towards cryptocurrencies. A court ruling declared […]

The Financial Stability Board (FSB), the global body that monitors the financial services indreleased a report on Nov. 28 asserting that the crypto industry might need additional regulations to prevent another catastrophe on the scale of the FTX scandal According to the report, the FSB said the market turmoil that ensued from the collapse of cryptocurrency exchange FTX brought to […]