Following the $4.3 billion fine by the U.S. Department of Justice (DoJ), Binance’s outflow has surpassed the $1 billion mark over the past week.

Binance outflows reach $1.2b in past 7 days

According to data provided by DeFi Llama, Binance witnessed a negative net outflow of $1.2 billion in the past seven days. This comes while the largest crypto exchange saw a $462 million outflow...

10 months ago

Participants will be restricted to using the CBDC only for payment, without an option to store, exchange, or send it to other users.

South Korea to invite 100,000 citizens to test CBDC in 2024

The Bank of Korea (BOK) has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as part of the central bank digital currency (CBDC) pilot. The testing will start &l...

10 months ago

Grayscale executives and lawyers met with the SEC to discuss a rule change to list the Grayscale Bitcoin Trust (GBTC).

Grayscale met with SEC to discuss spot Bitcoin ETF details

Executives from crypto asset manager Grayscale have met with the Securities and Exchange Commission to discuss details of its flagship Bitcoin BTC $36,740 trust, which the firm wa...

10 months ago

The trial of Lee Sang-jun, the CEO of the crypto exchange Bithumb’s parent company, has begun in Seoul, South Korea.

Trial of Bithumb Operator’s CEO Begins

Lee (54), the CEO of Bithumb Holdings, is being tried alongside the former pro golfer and celebrity Ahn Seong-hyeon (42) on charges of “soliciting the listings” of unnamed altcoins.

10 months ago

Coinbase CEO, Brian Armstrong says the Binance settlement is a chance for the industry to prioritize compliance and rule clarity to prevent regulators from slamming huge fines on companies.

Coinbase CEO Sees Binance Settlement as Chance for Industry Renewal

Armstrong wrote on X (Twitter) shortly after Binance’s settlement with the Department of Justice (DOJ) was announced explaining the need for rule compliance and Coinbase roadmap ...

10 months ago

Genesis and Gemini have been embroiled in a public and legal feud since the collapse of FTX.

Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M

Crypto lender Genesis Global Capital has sued cryptocurrency exchange Gemini Trust, its former business partner, to recover more than $689 million, according to a court filing late on ...

10 months ago

The class-action lawsuit claims Apple’s restriction of crypto payments may violate anti-trust laws.

Apple Sued for Limiting P2P Payments Via Crypto And Other Methods

Apple has been accused of non-competitive practices regarding payment methods used on their devices several times in the past. The most notable example of the Cupertino electronics man...

10 months ago

The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools.

Blockchain Association files support in suit to lift Tornado Cash sanctions

The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury’s Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer ...

10 months ago

Validator service provider InfStones disagreed and told Cointelegraph that “nothing close to $1 billion in assets would be at risk,” even in the worst-case scenario.

Security firm dWallet Labs flags validator vulnerability that could affect $1B in crypto

Blockchain security firm dWallet Labs recently disclosed a vulnerability that it claims could affect up to $1 billion worth of crypto, with assets such as Ether ETH $2,015 Aptos&n...

10 months ago

Polymarket Traders Betting on Sam Altman's Fate Have Become Bipolar

Betters on decentralized prediction platform Polymarket really aren't sure if Sam Altman will be coming back as OpenAI's chief executive amidst ongoing corporate drama. On Poly...

10 months ago