The cryptocurrency company’s recent failures have forced it to take drastic measures Terraform Labs, a once-prominent name in the digital assets space, has declared bankruptcy and is currently in the process of liquidating its assets. The company has announced its intention to sell four of its key business ventures as part of a comprehensive $4.5
The bank is reportedly looking to buy cryptocurrency firm Elwood Capital Management Standard Chartered’s foray into the cryptocurrency space is heating up again. Their crypto subsidiary, Zodia Markets, is reportedly in advanced discussions to acquire Elwood Capital Management, a crypto firm backed by billionaire hedge fund manager Alan Howard. The news, first reported by Bloomberg
Artur Schaback helped bring about the demise of the exchange and has admitted to his role Artur Schaback, co-founder and former chief technology officer of Paxful, could face up to five years in prison after admitting guilt on Monday to conspiring to neglect the implementation of an effective Anti-Money Laundering (AML) program at the cryptocurrency
North Carolina lawmakers overwhelmingly supported the bill, and could still overrule the governor North Carolina Governor Roy Cooper has vetoed a bill that would prevent the state from implementing a US Federal Reserve-issued central bank digital currency (CBDC). This decision comes despite the bill receiving overwhelming support in both the state’s House of Representatives and
More regulations continue to drive the future of the cryptocurrency space The European Banking Authority (EBA) has taken a significant step towards strengthening Anti-Money Laundering (AML) efforts by extending Travel Rule guidelines to crypto-asset service providers (CASPs) and their intermediaries operating within the European Union. The #EBA has just published new guidelines on the information
The goal is to make it easier to report and address issues to protect the blockchain The backbone of Bitcoin, Bitcoin Core, is undergoing a crucial upgrade – a revamped bug reporting system. This move signifies a growing focus on stability and security within the cryptocurrency’s core development team. Today we announce the new disclosure
The service is now operational after a prolonged shutdown Bittensor was compelled to halt its network operations on July 3 after experiencing a series of wallet breaches that resulted in the theft of at least $8 million in cryptocurrency assets. Ala Shaabana, co-founder of Bittensor, announced the network shutdown in a July 3 post on
The cryptocurrency exchange is going to have to respond to allegations it illegally sold securities The simmering legal dispute between Binance.US, the American arm of cryptocurrency giant Binance, and the Securities and Exchange Commission (SEC) has reached a boiling point. Binance.US is bracing for a lengthy legal battle after a US court ruling allowed the
The Sony-owned company is reportedly expanding its focus on cryptocurrency Sony Group Corporation is making a deeper dive into the cryptocurrency market with the rebranding of its subsidiary, Amber Japan Co., Ltd. Effective July 1, the company behind the popular crypto trading service WhaleFin will operate under the new name S.BLOX Co., Ltd. This move
The cryptocurrency exchange is facing an uphill battle against the protected agency History Associates has united with cryptocurrency exchange Coinbase in a lawsuit against the US Federal Deposit Insurance Corporation (FDIC). They hope their combined efforts can force the agency to comply with a Freedom of Information Act (FOIA) request and release certain financial records.
The state follows Louisiana in ensuring that CBDCs aren’t welcome The General Assembly in North Carolina approved a bill on Wednesday that limits the state government’s use and acceptance of a central bank digital currency (CBDC) issued by the Federal Reserve. Following the Senate’s approval by a 39-5 vote, House Bill 690 passed the House
The Bitcoin fan paid $500,000 in crypto to ensure Assange could return home Julian Assange has been released from custody after fighting extradition to the US for the last 14 years. In the final push to guarantee his release, an anonymous individual donated more than eight Bitcoin, valued at about $500,000, to help the WikiLeaks
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