Coinbase, the largest US-based cryptocurrency exchange, has been embroiled in a legal battle with the US Securities and Exchange Commission (SEC) over regulatory clarity for trading digital assets. On May 4th, Coinbase’s chief legal officer Paul Grewal announced that the US Court of Appeals for the Third Circuit has responded to the complaint against the

The United States Securities and Exchange Commission (SEC) has issued its largest-ever whistleblower award totaling $279 million. The SEC generally issues awards ranging between 10% to 30% of collected monetary sanctions larger than $1 million. To receive such an award, the whistleblower must provide information that directly assists the SEC in successfully imposing enforcement actions on a

The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China’s digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported.  The partnership will enable BNP Paribas China’s corporate clients to connect with the BOC system, allowing users to manage their digital yuan wallets by linking

On May 4, Argentina’s central bank banned payment providers from offering crypto transactions, alleging it intends to reduce the country’s payment-system exposure to digital assets.  According to a statement from the monetary authority, payment providers may not offer or facilitate crypto services through their applications. The move brings payment fintechs and financial institutions under the

Lawyers for Voyager Digital say the bankrupt crypto lender will self-liquidate its assets and wind down operations after failing to clinch a deal on a sale to either FTX US or Binance.US. The announcement, made in a court filing recently comes 10 days after Binance US abruptly pulled out of a $1 billion deal to

The bewilderingly fast rise of pepecoin (PEPE), a meme coin introduced mere weeks ago that’s now worth more than $1 billion, is making gigantic fortunes for those undeterred by warnings this is a fad that will end badly. A pseudonymous trader named dimethyltryptamine.eth spent $263 just three weeks ago to buy trillions of PEPE tokens.

Craig Wright, who has claimed to be the founder of Bitcoin, has shown “prima facie evidence” of contemptuous conduct in court proceedings for failing to correctly provide information linked to $143 million in disputed cryptocurrency, a U.S. judge said in a ruling published Friday. Magistrate Judge Bruce Reinhart issued the ruling as a case grinds on

The nascent meme coin pepecoin (PEPE) is the token that keeps on giving, at least so far, surging to an almost $1 billion market capitalization just weeks after its birth.The tokens have run from strength to strength in the past week even as skeptics warned of an impending collapse, gaining some 500% in the past

In the United States, the White House released the national standards strategy for key and emerging technologies on May 4, identifying eight technology sectors that will have a significant economic impact in the near future. Among the eight technologies are artificial intelligence, communication and network technologies, biotechnology and semiconductors, with the inclusion of distributed ledger technology (DLT)

Investing in cryptocurrencies has become increasingly popular among investors worldwide. However, with the rise of this new asset class, tax laws have also been evolving to cover investment activities related to cryptocurrencies. As a result, every crypto investor must be aware of the tax regulations and their implications on their investment activities. One way investors

Alchemy, which provides tools for software developers to build apps for blockchains, released a public version of its platform for Starknet seen as a project to watch because of the combination of two hot technologies, zero-knowledge cryptography and account abstraction. Although Alchemy’s dapp store lists 39 blockchains, the company said that the Starknet integration is

U.K.’s financial regulator, the Financial Conduct Authority (FCA), is continuing its crackdown on unlawful crypto ATMs. The FCA said it has inspected sites in Exeter, Nottingham and Sheffield alongside the regional police. The devices for turning fiat currency into crypto are seen as a money laundering threat, and none are logged with the FCA as

The New York Department of Financial Services would have stronger authority to regulate digital assets, with exchanges having to reimburse customers if they’re the victims of fraud, under a bill proposed by Attorney General Letitia James. In recent months James has taken actions involving crypto companies Celsius, KuCoin and Nexo, claiming a number of crypto

Vibe,a new non-fungible token (NFT)-to-product platform that provides tools to help creatives customize and manage the tokens, has raised a $4 million seed round. Investors in the round included the venture capital arm of Web3 infrastructure giant Alchemy, Aglaé Ventures, and K-Pop artist Psy’s music label P Nation, among others. San Francisco-based Vibe aims to

Bitget, a cryptocurrency derivatives exchange, has announced a new corporate social responsibility project, Blockchain4Youth, aimed at promoting cryptocurrency education among the younger generation. The initiative will allocate $10 million over five years towards providing blockchain courses and certifications through Bitget Academy and hosting campus lectures in partnership with universities worldwide. Bitget will also collaborate with

The UK Competition and Markets Authority (CMA) has announced an examination of the impact of AI on consumers and the economy, with a focus on foundation models. The regulator plans to examine the development and deployment of applications like OpenAI’s ChatGPT against key principles, including safety, transparency, fairness, and accountability. The review will examine the

Arbitrum-based decentralized exchange (DEX) Chronos attracted over $170 million onto the platform in a single day as it introduced staking, a way of earning yield from digital assets without needing to sell them. Chronos, which launched on April 27, is a so-called (3,3) exchange, using staking as a primary resource for accruing value to its

Coinbase Borrow’s days are numbered. Customers of the U.S. based exchange who used the program which allowed customers to borrow fiat loans up to $1 million against as much as 30% of their bitcoin holdings, with interest – received an email on Wednesday informing them that the last day to take out new loans would

The U.S. Securities and Exchange Commission (SEC) has been ordered by a U.S. court to respond to cryptocurrency exchange Coinbase’s (COIN) complaint over how it applies securities laws to digital assets. The Third Circuit Court of Appeals said in a Wednesday filing that the SEC must file its response within 10 days. Coinbase may then

Layer-1 Ethereum Virtual Machine (EVM) blockchain platform Flare has integrated its application programming interface (API) portal on Google Cloud Marketplace, onboarding a number of significant blockchain APIs to the ecosystem. The integration of Google Cloud Marketplace will provide high-integrity blockchain data from Flare nodes and connected chain nodes to a large pool of developers and

Credibly Neutral, a new crypto venture capital firm, has raised $5.5 million from a collection of investors that includes the co-founders of the Solana and Polygon blockchains and the investment firm of Joe Lubin, co-founder of Ethereum and founder of ConsenSys . The firm was founded by Viktor Bunin, who leads the protocol operations team

Social media influencers would be allowed to promote products of registered crypto companies like Binance under proposals agreed by the French Senate’s Economics Committee. Senators appear to favor less restrictive measures than their counterparts in Paris’ National Assembly, who in March voted to effectively ban crypto ads by social media stars. ​​The amendment, passed in

Bitcoin mining company Bitdeer (BTDR) said it will work with the Bhutan government to establish cryptocurrency mining operations in the southeast Asian country. The Nasdaq-listed miner and the government’s commercial arm, Druk Holding & Investments, will establish a $500 million fund to raise money for the venture from international investors and expect fundraising efforts to

Artificial intelligence (AI) brings yet another industry into a hot debate over its usage as Hollywood and the greater media industry faces petitions from the Writers Guild of America (WGA). WGA recently sent out a list of demands which included the regulation of AI usage on the minimum basic agreement (MBA) covered projects. It stated that

ARK Invest, the investment management firm founded by legendary investor Cathie Woods, has celebrated International Workers’ Day by buying shares of cryptocurrency exchange Coinbase. On May 1, ARK purchased 129,604 Coinbase shares for its ARK Innovation exchange-traded fund (ETF).  The investment company also bought 23,456 Coinbase shares for its ARK Next Generation Internet ETF and 15,809

Cryptocurrency exchange Bybit is the latest major platform to roll out an in-house cryptocurrency lending service for users. The Dubai-based exchange announced the launch of the service on May 2, delivering interest payouts to users that deposit cryptocurrency through the platform’s new offering. The service is touted to payout hourly interest payments from lending pools,

The US Securities and Exchange Commission (SEC) has fined Coinme, a cryptocurrency exchange, nearly $4 million for allegedly offering unregistered securities and making “misleading statements” about its crypto token, UpToken. Coinme, its subsidiary Up Global SEZC, and its CEO, Neil Bergquist, were charged by the SEC on April 28, with Up Global agreeing to pay

The 2008 recession, also known as the Great Recession, was a worldwide economic crisis that led to a loss of more than $2trillion from the global economy. The recession began after the 2007/2008 credit crunch and led to a prolonged period of low growth and rising unemployment.As the primary reason for the Great Recession, the

Nigeria, one of the most curious nations about cryptocurrencies, is preparing new industry regulations for digital asset platforms. The Nigerian Securities and Exchange Commission (SEC) is considering new regulations that would allow licensed digital exchanges to list tokens backed by certain assets, according to a report by Bloomberg. Abdulkadir Abbas, the head of securities and

Bhutan, the small Himalayan kingdom, has been quietly accumulating and mining Bitcoin since April 2019. The country of less than 800,000 people is leveraging its abundant hydroelectric power to power its Bitcoin mining operations. Known for its focus on “Gross National Happiness” and picturesque landscapes, Bhutan has found ways to harness its immense hydroelectric potential,