In a scathing critique, former US Securities and Exchange Commission (SEC) official John Reed Stark has accused cryptocurrency exchange Binance and its CEO, Changpeng Zhao (CZ), of alleged criminal violations. Stark’s comments highlight the serious nature of these alleged violations and dismiss attempts by what he refers to as the “Big Crypto Cartel” to downplay […]
Crypto exchange HTX (formerly Huobi Global) has experienced its fourth hack in just two months, resulting in a loss of $13.6 million from a hot wallet breach on November 22. The exchange has assured users that they will be fully compensated for their losses and that their funds are secure. This incident follows an $86.6 […]
Tron Founder Justin Sun is facing speculation that he could be the next target of the Department of Justice’s crackdown on alleged fraudulent crypto bosses. This comes after the recent resignation of Binance CEO Changpeng Zhao, who reached a $4.3 billion deal with law enforcement authorities. Social media platforms are buzzing with discussions about Sun’s […]
Amid the ongoing campaigns for the 2024 elections in the United States, lawmakers are still working on legislation to establish regulatory clarity for the digital asset space, particularly stablecoins. At the North American Blockchain Summit, Consensys senior counsel Bill Hughes expressed his excitement about the policy discussions surrounding cryptocurrencies. He emphasized the importance of resolving […]
Ethereum adviser Steven Nerayoff has made serious allegations against US government law enforcement and regulatory agencies, including the FBI, DOJ, and SEC, accusing them of systemic corruption. These allegations come in response to a tweet by Senator Elisabeth Warren discussing the recent controversy surrounding Binance and its CEO Changpeng Zhao’s guilty plea for violating anti-money […]
The Monetary Authority of Singapore (MAS) has introduced new regulations to protect retail investors in the crypto industry. These measures aim to discourage speculative activities and include rejecting credit card payments and eliminating incentives for crypto trading. MAS also prohibits financing, margin, or leverage transactions and requires service providers to assess customers’ risk awareness levels. […]
Crypto exchange HTX, formerly known as Huobi Global, has announced that it will resume deposits and withdrawals within 24 hours after experiencing a $13.6 million exploit on November 22. The exchange has assured its users that it will fully compensate for the losses and guarantee the safety of user funds. Despite the incident, the normal […]
In a groundbreaking move, the Bank of Korea (BOK) and financial authorities are planning to launch a pilot program for a Central Bank digital currency (CBDC) in South Korea. The program will invite 100,000 Koreans to engage with deposit tokens based on the CBDC. Participants will be limited to using the CBDC for payments only, […]
The Monetary Authority of Singapore (MAS) has introduced new regulations targeting Digital Payment Token (DPT) service providers in an effort to enhance investor protection in the cryptocurrency and digital payment token space. These regulations apply to various service providers, including crypto exchanges, stablecoin players, and traditional financial institutions. The measures aim to restrict the offering […]
Cryptocurrency exchange HTX, formerly known as Huobi, has announced the resumption of its operations after a recent exploit. The exchange confirmed that its withdrawal and deposit services will be available later today, although a specific time was not provided. HTX also assured its users that the recent hack has been appropriately handled and that it […]
