The pragmatic (or, if you prefer, crony capitalist) crypto companies that engage with (or, if you prefer, spend boatloads to lobby) lawmakers may object to my suggestion as well. I imagine they’d balk that it would amount to a ban on centralized crypto exchanges, forcing expensive restructurings of such firms and leaving only decentralized ones operating in the U.S. Source
“With a global community growing at a speed of more than 2% weekly, as well as more than 100 million transactions to date, the TON ecosystem is one of the most promising on the market,” said Andrei Grachev, managing partner at DWF Labs. “Joining the options market is a logical and important step for TON because, until now, the only coins available there were BTC and ETH. It means TON will take its place alongside crypto’s most prestigious coins.” Source
In the case of SushiSwap and the Sei Network, the benefit for both firms is quite clear and besides growing its influence, the former will use the partnership to generate a new revenue stream for the protocol. The Decentralized Exchange (DEX) platform, SushiSwap (SUSHI) is expanding its footprint in the blockchain ecosystem as it is reportedly set to launch a new Perpetual contract futures exchange on the Sei Network. As reported by The Block, citing SushiSwap’s Head Chef, Jared Grey, the move to launch the new trading engine on the…
Among those listed are media companies like the Wall Street Journal, Fortune, Fox Broadcasting and CoinDesk as well as big crypto names like exchanges Coinbase and Binance. American, Spirit and Southwest airlines, as well as Stanford University – where FTX founder Sam Bankman-Fried’s parents work as professors – and its credit union were also listed in the document. Source
Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After Unlicensed Crypto Exchange Services The Financial Monitoring Agency (FMA) of the Republic of Kazakhstan has dismantled a group involved in the illegal exchange of cryptocurrencies. Its members organized the trading through several websites such as kzobmen.com, 1wm.kz, kazobmen.ru, wm007.kz, and kz-exchange.com. As part of the operation in Kostanay region, searches were…
Decentralized finance trader Eisenberg had, “through fraud and deception,” taken and converted approximately $114 million from Mango Markets. He later returned $67 million but “retained” the remainder, the filing said. Mango Markets now wants the remaining $47 million back in damages. Source
Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among Russian-owned Bitzlato’s major counterparties. Blockchain Data Indicates Binance Moved Over 20,000 BTC for Bitzlato Since 2018 The global leader in the crypto trading sector, Binance, has allegedly transferred cryptocurrency worth almost $346 million for the Hong Kong-based Bitzlato, Reuters reported quoting data from Chainalysis. Bitzlato was a little known…
Kang and two other executives – including his younger sister, Kang Ji-Yeon, the CEO of two publicly traded Bithumb affiliates, Inbiogen and Bucket Studio – were charged by the Seoul Southern District Prosecutor’s Office with embezzlement, breach of trust and fraudulent illegal transactions, according to local reports. Source
The construction-centric capital has been gunning to attract more crypto companies as it contends with a housing market slowdown that has hindered its famed real estate industry. Over the summer the emirate unveiled a metaverse initiative that aims to bring more than 1,000 blockchain and metaverse companies to the city and 40,000 virtual jobs by 2030. Source
Duncan Cock Foster said he and his brother would be replaced by VP of engineering Eddie Ma as technical leader, and director of collector services and growth Tara Harris as non-tech leader, and that he and Griffin would continue with the company as advisors to ensure continuity. Source