Category Archive: Cryptocurrency, No picture
SEC Investigation Triggers Pause at DeFi Protocol BarnBridge
DeFi protocol BarnBridge has disclosed that it is under scrutiny from the U.S. Securities and Exchange Commission (SEC). The specifics of the investigation remain undisclosed, with elected legal counsel, Douglas Park, citing ongoing and non-public proceedings. The revelation was later confirmed by BarnBridge CEO, Tyler Ward, first on Discord and then reposted on Twitter: “Because […]
Another Binance Exec Resigns Amid US Legal Scrutiny
Patrick Hillmann, Binance’s chief strategy officer, confirmed via a tweet that he is leaving the cryptocurrency exchange, parting ways amicably after a two-year tenure. His announcement joins the recent exits of other top compliance officers at Binance: Apologies for any typos, but I was not expecting to be tweeting about this today. It’s true that […]
Bitfinex Receives Payout From 2016 Hack; Customers to be Recompensated
Bitfinex, a leading digital currency exchange platform, has reported that it has reclaimed a portion of the funds lost in the 2016 security incident. The U.S. Department of Homeland Security (DHS) returned $312,219.71 in cash and 6.917 Bitcoin Cash (BCH) to the exchange as part of this ongoing recovery process. The seizure was accomplished through […]
$39M BTC Scandal Sends Georgian Billionaire to Court
George Bachiashvili, former head of the Georgian Co-Investment Fund, is accused of significant misappropriation of cryptocurrency and alleged money laundering. The Prosecutor’s Office of the Republic of Georgia is heading the case against Bachiashvili, alleging he misused a significant amount of Bitcoin in 2015. The case centers around Bachiashvili’s investments made in the summer of […]
Taylor Swift and Crypto: Sam Bankman-Fried Walked Away from FTX Deal
A partnership worth as much as $100 million was proposed between global pop star Taylor Swift and FTX, the now bankrupt cryptocurrency exchange, only to be shelved by FTX founder Sam Bankman-Fried, according to sources cited by The New York Times. The potential deal, which included the possibility of sponsoring Swift’s tour, was in negotiations […]
Hut 8 Starts Miner Recycling Program, Carbon Neutrality Dedication
Hut 8 Mining Corp., one of North America’s largest digital asset mining pioneers, has released its 2022 ESG report. This marks the second annual report from the company, following its inaugural 2021 findings in an effort to keep up its environmental sustainability, social responsibility, and governance (ESG) standards. In an effort to minimize its environmental […]
Binance Exits Dutch Market As Coinmerce Fills Void
Binance, the largest cryptocurrency exchange, has established an agreement with Coinmerce, a Dutch cryptocurrency exchange and a registered entity with the Dutch Central Bank, to offer an easy transition for Binance clients to Coinmerce as part of Binance’s ongoing exit from the Dutch market slated for July 17. Coinmerce is set to absorb thousands of Binance […]
EU Citizens Play in the Sandbox: 20 New Use Cases for EU Blockchain
The European Blockchain Sandbox, a platform encouraging dialogue between regulators and blockchain developers, has seen a tidal wave of interest, with close to 90 applications from the international blockchain community for its first set of data, building “critical bridges between regulators and use-cases owners.” The blockchain initiative Sandbox Project, sponsored by the Digital Europe Programme, […]
Binance Australia Under Fire Again as Offices Searched
The global regulatory landscape is tightening around Binance, the world’s leading cryptocurrency exchange. In a recent development, the Australian Securities and Investments Commission (ASIC) conducted searches at Binance’s Australian offices to focus on the company’s discontinued local derivatives operation, according to a report from Bloomberg citing a private source. During a recent Twitter Spaces, Binance’s […]
Spot Bitcoin ETF Race Continues as Valkyrie Files with Coinbase
Valkyrie Funds, a venture capital fund, has joined the increasing ranks of companies striving to launch a spot Bitcoin ETF, marking a significant development in the crypto space. The firm is setting its sights on an ambitious partnership with Coinbase, a leading cryptocurrency exchange, as part of its strategic plans. Valkyrie revealed its proposal for […]
