South Korea’s Busan city is officially seeking operators for its forthcoming Busan Digital Asset Exchange.

Busan City Seeks Operators for the Upcoming Busan Digital Asset Exchange

According to a notice issued by Busan City and reported by MarsBit news, the selection process for operators for the Busan Digital Asset Exchange is currently underway. Busan Dig...

10 months ago

The Commodity Futures Trading Commission (CFTC) has announced the award of $16 million to whistleblowers this year with a significant amount going to crypto-related cases.

CFTC Discloses $15 Million Payment to Crypto Whistleblowers

In an Oct 31 press release, Commissioner Christy Goldsmith Romero speaking on the Whistleblower policy highlighted the achievements, awards offered, and associated judgments as financial re...

10 months ago

SEC To Greenlight Spot Bitcoin ETF November 2? Lawyer Spots Clue

Scott Johnsson, a notable attorney from Davis Polk, has shed light on a potential clue regarding the approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) on November...

10 months ago

Disgraced former CEO of crypto exchange FTX admits to disparaging regulators on third day of testimony

Sam Bankman-Fried denies messy hair part of ‘tech genius’ persona during trial

Sam Bankman-Fried testified in his own blockbuster crypto trial again Monday, with prosecutors grilling the one-time crypto mogul about the many discrepancies between his public and private...

10 months ago

The U.K. government published its response to a consultation paper issued earlier this year, which outlined recommendations on how the crypto industry should be regulated.

UK confirms plans to regulate crypto industry with formal legislation

The U.K. government on Monday confirmed plans to regulate the cryptocurrency industry, announcing in a consultation paper that it will look to bring in formal legislation for crypto activities b...

10 months ago

The U.S. arm of Bittrex filed for Chapter 11 bankruptcy protection in May.

Crypto exchange Bittrex's U.S. shutdown approved at bankruptcy court

Crypto exchange Bittrex received court approval for its revised bankruptcy plan to wind down its U.S. operations. A court filing showed that Judge Brendan Shannon, at a ...

10 months ago

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months.

Kenya to introduce digital IDs for citizens by year-end

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. According to the president of Kenya, Wil...

10 months ago

Terraform Labs and co-founder Do Kwon have filed a motion for summary judgment against the U.S. Securities and Exchange Commission (SEC), seeking to dismiss allegations of multi-billion-dollar securities fraud.

Do Kwon and Terraform Labs Submit Motion for Case Dismissal against U.S. SEC

This move could prevent a lengthy trial if the judge rules in Terraform’s favor. In the motion, Terraform Labs and Do Kwon assert that the SEC has failed to provide ample evidenc...

10 months ago

Investors have been eagerly anticipating regulatory approval for a spot Bitcoin ETF, which is expected to trigger a fresh wave of institutional demand in the leading cryptocurrency.

Spot Bitcoin ETF Could Attract $3B on First Day and Up To $55B Over Five Years: Analysts

While estimating the potential cash inflow for such a fund remains a subject of debate among market players, projections range from $3 billion on its first day to a staggering $55 billion over a...

10 months ago

Estimates in September revealed that at least $35 million in crypto has been stolen from victims of the LastPass breach since 2022, with the latest hack adding to the toll.

Crypto thief steals $4.4M in a day as toll rises from LastPass breach

At least 25 people have reportedly seen $4.4 million in crypto drained from across 80 wallets due to a 2022 data breach that impacted password storage software LastPass. In an Oct. 27 ...

10 months ago