A former executive of South Korean cryptocurrency exchange Coinone, who was accused of taking bribes in return for listing certain coins, has acknowledged the charges, local news agency Yonhap reported on Thursday. “Mr Jeon,” Coinone’s former director of listing, was accused of receiving nearly 2 billion won ($1.51 million) in return for listing virtual assets such

Millions of AVAX tokens – the native crypto of the Avalanche blockchain will be unlocked on Sunday and distributed to key players in that ecosystem, adding a major 1.2% increase in total supply. The 9.3 million tokens entering circulation on May 27 were worth roughly $130 million at press time. They’re set to go to the Avalanche

Gulf Binance, a joint venture between crypto exchange Binance and Gulf Energy’s innovation arm Gulf Innova, has received a digital asset operator license in Thailand, according to a Friday press release. The rubber-stamp from Thailand’s Ministry of Finance will allow the firm to advance plans to open a regulated crypto exchange and broker in the southeast Asian country.

The World Economic Forum (WEF) recently published a white paper titled “Pathways to the Regulation of Crypto-Assets: A Global Approach,” advocating for a collaborative approach towards crypto regulation on a global scale. The white paper highlights the unique challenges and necessary considerations regarding the regulation of crypto-assets. Considering the borderless, open-source, decentralized nature of these

In an ongoing adaptation to tighter Australian regulations, Binance, the world’s largest cryptocurrency exchange, has announced significant changes affecting its Australian users. Firstly, Binance will cease trading on several spot trading pairs tied to the Australian Dollar (AUD) effective from June 1, 2023, at 06:00 (UTC). The affected pairs include ADA/AUD, AUD/BUSD, AUD/USDT, BNB/AUD, BTC/AUD,

The general manager of Binance Japan described stablecoins as the “glue” between the real economy and the blockchain in an interview with CoinDesk Japan. Takeshi Chino, speaking ahead of Binance’s re-entry into Japan via its acquisition of regulated crypto exchange Sakura Exchange BitCoin, described how volatility of crypto prices may lead to profit opportunities but

If you’ve been online at any point this year, you’ve probably heard people talking about NFTs. Short for non-fungible tokens, NFTs are unique digital assets. They’re a type of cryptocurrency token. However, unlike a fungible token like Bitcoin, which can be swapped for other interchangeable tokens, NTFs are non-fungible, meaning that they are entirely unique.

Lawmakers in South Korea passed legislation that will require officials to report their crypto holdings.  The “Kim Nam-kuk Prevention Act” passed the plenary session of the National Assembly on Thursday via amendments to the National Assembly Act and the Public Service Ethics Act, both of which were approved without a dissenting vote, according to the

French lawmakers on a key legislative committee have unanimously agreed to new rules restricting crypto promotions by social media influencers, according to a Thursday statement from the country’s Senate. According to a statement by Arthur Delaporte and Stéphane Vojetta, who led negotiations in the National Assembly, the deal allows promotions for products of any crypto

Norway should consider a national strategy for crypto regulation, said Norges Bank, the country’s central bank, in a  recent report. Countries around the world have been looking at the European Union’s Markets in Crypto Assets (MiCA) regulation, which is close to taking effect. MiCA may apply within the broader European Economic Area, but the central

Binance’s Chief Communications Officer, Patrick Hillmann, took to Twitter to vehemently deny allegations of Binance commingling customer and company funds as reported by Reuters. Hillmann called out the story as weak and filled with conspiracy theories. In his tweet thread, Hillmann highlighted that the Reuters article revolved around the term “deposit” used on the transaction

Bitcoin’s burgeoning on-chain economy is getting its own dollar-backed stablecoin.The new token Stably USD aims to become a go-to currency for traders transacting in the wave of novel assets being built on bitcoin, according to issuing company Stably. The crypto startup says its token can make trading in ordinals cheaper and more efficient than paying

The European Union’s financial stability watchdog has said that new regulations may be needed to cover large crypto conglomerates and smart contracts, as it warns that a growing digital asset and decentralized finance (DeFi) sector may come to pose a systemic risk to the economy. With the new Markets in Crypto Assets regulation (MiCA) set

The International Organization of Securities Commissions (IOSCO), a leading international body of securities regulators, recently published an influential report titled ‘Policy Recommendations for Crypto and Digital Asset Markets Consultation Report.’ This ground-breaking document provides 18 recommendations, each of them structured to offer guidance to regulators worldwide on handling the burgeoning crypto and digital asset markets.

Major trading firms in the United States, such as Jane Street Group and Jump Trading, are scaling back their involvement in the domestic crypto markets due to increasing regulatory uncertainties and associated risks. This retreat is causing a significant void in the once vibrant U.S. crypto landscape, which could deter interest from institutional investors. According

Artificial Intelligence (AI) innovator Anthropic announced today a landmark $450 million Series C funding round, securing significant investment to enhance its reliable AI products. The funding round was led by Spark Capital and included leading tech participants such as Google and Salesforce Ventures. Anthropic, a renowned player in the AI research and development field, has

Polygon,the scalable Ethereum layer-2 solution, has announced its intent to optimize its zkEVM (Zero-Knowledge Ethereum Virtual Machine) in the coming weeks. These enhancements are predicted to decrease transaction fees by around 20%, according to the company’s official Twitter account. Interestingly, these improvements will be achieved without the need for any data compression techniques. Transaction fees

Bitcoin of America, an Over the Counter (OTC) cryptocurrency exchange and a national operator of Bitcoin Kiosks, has been ordered to refund $86,000 to consumers in Connecticut, according to a recent announcement by the state’s Banking Commissioner, Jorge Perez. The firm, known for its presence around the country with Bitcoin ATMs or BTMs, had been

In a recent disclosure of the CEO’s legal billings, FTX CEO John J. Ray III has confirmed the existence of plans for FTX 2.0, the next iteration of the cryptocurrency exchange. The disclosed legal billings, totaling $290,190.39, shed light on the ongoing efforts by Ray and his team to recover funds and rebuild the collapsed

Cryptocurrency has become a popular digital asset used for several transactions in today’s digital world. But with its increasing popularity, incidents of the crypto scam are on the rise as well. To avoid fees and maintain anonymity, an increasing number of people are using cryptocurrency to purchase products and services and conduct payment transactions. Not

The Securities and Futures Commission (SFC) of Hong Kong concluded a consultation period today, revealing the finalized regulatory requirements for operators of virtual asset trading platforms licensed by the SFC. Over the consultation period, the SFC collected 152 written submissions from stakeholders including industry and professional associations, professional and consultancy firms, market participants, licensed corporations,

Crypto-focused investment firm Multicoin Capital has led a $2.3 million seed funding round for FastLane Labs, a maximal extractable value (MEV0) protocol for Polygon. The fundraise marks Multicoin’s third time backing infrastructure for MEV, a controversial way for validators to earn more money while ordering transactions into the blocks on a blockchain. MEV is a

Customers of Hidden Road, which provides prime brokerage and other trading services, are gaining access to the crypto trading platform run by Crossover Markets though a new collaboration, according to a statement. Crossover operates an execution-only platform, meaning customers need a credit sponsor to trade. Unlike centralized exchanges, customers cannot open an account and send

Ethereum co-founder Vitalik Buterin has published a thought-provoking blog post cautioning the blockchain community about the hazards of overextending Ethereum’s consensus mechanism beyond its central functions of block validation and network security. This post puts the spotlight on the potential systemic risks that certain implementations could pose to the Ethereum ecosystem. According to Buterin, the

Tornado Cash, a fully decentralized and open-source cryptocurrency mixer operating on Ethereum-based networks, has been subjected to a malicious takeover. This comes as another significant blow to the platform following its troubled history with regulatory authorities. On August 8, 2022, the U.S. Department of the Treasury issued sanctions against Tornado Cash. The platform was accused

ConsenSys, the parent company of MetaMask, took to Twitter to address and clarify a series of inaccurate claims circulating about changes in their terms of service, specifically around tax collection on crypto transactions. The company emphasized that MetaMask, a popular crypto wallet, does not collect taxes on cryptocurrency transactions, and no modifications have been made

The Securities Commission Malaysia (SC) ordered Huobi Global to stop operations in the country, including disabling its website and mobile applications, because it is operating a digital asset exchange without registration. The regulator told the company to cease circulating, publishing or sending advertisements to Malaysian investors, according to a Monday announcement. Operating a digital asset exchange

Cryptocurrency trading platform Hotbit said it ended all centralized exchange (CEX) operations, citing deteriorating operating conditions and changes in the broader crypto landscape. Users have until 04:00 UTC on June 21 to withdraw their assets from the platform, Hotbit said on Monday. Hotbit, which says it has 5 million users, suspended trading deposits and withdrawals last August after

Bankrupt crypto lender BlockFi has withdrawn statements relating to a wind-down plan published May 13 following an order from a U.S. bankruptcy court, court filings show. The estate was required to issue a “corrective letter” clarifying that the documents were posted prematurely and without court approval, an emergency order issued May 18 by New Jersey

Tangem, a prominent player in the blockchain industry, has announced it will unleash SHIB-themed cold wallets. These innovative card-shaped vaults are set to become essential tools for safeguarding tokens within the Shiba Inu ecosystem. Pre-orders for these cold wallets will commence on May 29, igniting anticipation among SHIB enthusiasts worldwide. The introduction of SHIB-themed cold