The U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Binance, along with its CEO Changpeng Zhao (CZ). According to John Reed Stark, a former high-ranking official in the U.S. Securities and Exchange Commission (SEC), he believes that Binance maybe getting ready for a potential criminal prosecution in the United States.  Stark took to his Twitter handle and […]

A June 12 AAVE (AAVE) proposal aimed at preventing a particular account from accumulating more debt has led to controversy, with some participants arguing that the proposal violates the principle of censorship-resistance or “neutrality” in decentralized finance, or DeFi. Some participants believe that the account is owned by Curve (CRV) founder Michael Egorov. Cointelegraph was not able to independently confirm […]

B&S Holdings, formerly known as Aventus, a consignment operator, has been alleged by South Korean yield platform Haru Invest of submitting fraudulent management reports containing “false information” and deceiving the company and its users. In a blog post, Haru Invest shared that it was planning to pursue legal action on top of criminal proceedings against B&S Holdings “to protect our […]

The European Parliament has passed the EU AI Act, a sweeping legislative framework for governance and oversight of artificial intelligence technologies in the European Union. The measure passed in Parliament during a June 14 vote that saw majority support for the act in the form of 499 votes for, 28 against and 93 abstaining. The next step before the bill […]

The crypto market seems to have reached a critical turning point where prices are suffering because of regulatory pressure across the space. This ranges from the United States Securities and Exchanges Commission (SEC) suing Binance and Coinbase exchanges, as well as the Ripple case heating up. These factors led to a sharp plunge in prices, which could present a unique […]

Rap icon and entrepreneur Calvin Cordozar Broadus Jr., more commonly known as Snoop Dogg, dives into Web3 once again with a nonfungible token (NFT) project that will allow his fans to follow his life on tour. In an announcement, the rapper unveiled the Snoop Dogg Passport Series, an NFT collection that provides access to various content, such as behind-the-scenes videos […]

The Bank of Thailand has begun pilot testing for its central bank digital currencies (CBDC). This project is intended to test the application possibilities of digital payment systems and improve the efficiency of payment transactions in the country. The new digital currency will be tested in specially created mobile banking apps by August 2023, with up to 10,000 users participating. […]

Despite the recent flood of major news in the crypto sector, one topic is more hotly debated than any other at the moment: Is Binance selling Bitcoin on the spot market to prop up the Binance Coin (BNB)? NewsBTC already reported yesterday that the rumor emerged after crypto trader “JW” drew attention to eye-catching data. However, the rumor stands on […]

Amazon Web Services (AWS) suffered a minor outage, but there was no impact on Ethereum network nodes even though they largely rely on Amazon’s hosting. On June 13, the cloud service provider went down temporarily for around three hours. At 12:08 pm PDT, the company first reported it was “investigating increased error rates and latencies” in parts of the United […]