The Hong Kong Securities and Futures Commission (SFC) has given the green light to several spot bitcoin and ethereum exchange-traded funds (ETFs), a move that signals substantial progress in the region’s crypto market, with approvals awarded to China Asset Management, Bosera Capital, and Hashkey Capital Limited, and an in-principle approval for Harvest Global Investments. These […]
Category: Breaking News
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Former FTX Boss Sam Bankman-Fried Sentenced to 25 Years in Prison
On Thursday, March 28, 2024, the former head of FTX, Sam Bankman-Fried, received his sentence during a federal court proceeding in Manhattan. U.S. Marshals escorted Bankman-Fried into the courtroom at precisely 9:39 a.m. Eastern Time, as reported by Matthew Russell Lee of Inner City Press. Judge Lewis Kaplan said, ” I know the Probation Department […]
Binance to Halt Tron USDC Trading Following Circle’s Move Away
Crypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain. Circle ceased minting USDC on Tron and aims to phase out support entirely, aligning with efforts to maintain USDC’s trust, transparency, and safety. Binance users […]
Vitalik Buterin Unveils ‘Rainbow Staking’ and a ‘Recovery Hard Fork’ at Ethtaipei
During the Ethtaipei 2024 event in Taiwan, Ethereum founder Vitalik Buterin introduced “rainbow staking,” a new conceptual framework designed to allow protocol service providers to engage in a differentiated menu of protocol services. Rainbow staking aims to enhance the economic value and participation of solo stakers by integrating various protocol services in a more plug-and-play […]
Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements
Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million civil penalty. The SEC further disclosed that the regulator will “not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court, including claims by retail investors in […]
UK Court Rules Craig Wright Is Not Satoshi Nakamoto, Ending Weeks-Long COPA Case
On March 14, Judge James Mellor of the U.K. reached a conclusion in the high-profile case brought by the Crypto Open Patent Alliance (COPA) against Craig Wright, finding him not to be the individual behind the pseudonym Satoshi Nakamoto. This decision came after several weeks of proceedings, concluding with the final arguments recently presented. The […]
Blast Network Temporarily Halts Amid Dencun Upgrade; Fix Deployed
Blast, a new Ethereum layer two (L2) scaling solution, paused its block production due to issues arising from the recent Dencun upgrade on the Ethereum mainnet, with its team diligently seeking a fix. Since launching its mainnet on Feb. 29, 2024, and amassing billions in crypto assets through its Ethereum bridge, the project has gained […]
Bitcoin Pushes Past $71,000 to Make a New All-Time High
Bitcoin’s price has reached a new all-time high, surpassing the $71,000 mark with the rally still in progress. Over a period of six days, the world’s leading cryptocurrency has seen a more than 40% increase in value, bringing it close to surpassing the $72,000 threshold. The milestone comes approximately 39 days before the anticipated Bitcoin […]
US Continues Efforts to Extradite Terra Founder Do Kwon
Despite Montenegro’s High Court ruling for Do Kwon’s extradition to South Korea, the U.S. is not backing down. “The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreements and Montenegrin law,” the Justice Department told Bloomberg, highlighting the ongoing legal tussle over the Terra founder amidst charges linked to […]
Optimism Foundation Executes $89 Million OP Private Token Transaction
The Optimism Foundation recently sold approximately 19.5 million OP tokens, valued at nearly $90 million, to an unnamed buyer, with these tokens being sourced from the unallocated segment of their OP Token treasury initially set aside as working capital. This sale is part of the foundation’s management of the Optimism network, a blockchain designed to […]