Category Archive: Cryptocurrency, No picture
Binance Redraws European Map Amid Regulatory Challenges
Binance, a global crypto exchange, is readjusting its European footprint in response to regulatory pressures. The company has recently withdrawn from Germany, the Netherlands, and Cyprus — as well as Belgium — due to evolving regulatory landscapes and an ongoing aim to comply with the forthcoming European digital assets rule, Markets in Crypto-Assets. A spokesperson […]
Chainlink’s Low-Latency Oracle: An Answer to DeFi Derivatives’ Challenges
Chainlink, a decentralized blockchain oracle, is set to change the DeFi derivatives market with its low-latency oracle solution. The new technology works to mitigate the key challenges faced by the DeFi sector, particularly data latency, lack of pre-settlement data privacy and hefty maintenance costs. As a generalized Web3 services platform, the Chainlink Network supports both […]
‘I Feel God in This Crypto Scam Tonight:’ CFTC Charges Couple for $6M Scam
The U.S. Commodity Futures Trading Commission on July 25 accused Michael and Amanda Griffis of Clarksville, Tennesse, of allegedly defrauding more than 100 individuals through a cryptocurrency scheme, netting over $6 million, according to the file. The Griffises, real estate entrepreneurs, allegedly encouraged victims to join a commodity pool dubbed “Blessings of God Thru Crypto,” […]
Aethir Completes $150M Valuation Pre-A Funding Round
Singapore-based Aethir has completed its Pre-A funding round, raising over $9 million, with its valuation reaching $150 million, the company announced on July 27 to Crypto Briefing. Aethir, a frontrunner in decentralized cloud infrastructure, saw participation from notable global investors including Sanctor Capital, Hashkey and Merit Circle with further support from Mirana Ventures, Animoca Brands, […]
Worldcoin Paid Hong Kong Onboarders $60, But Paid Test Subjects in Indonesia $15
ChatGPT creator Sam Altman’s cryptocurrency venture, Worldcoin, is stirring up more controversy as it reveals stark discrepancies in user payouts, according to a South China Morning Post report. Hong Kong users of the novel iris-scanning crypto project are receiving rewards approximately four times higher than the subjects in countries where Worldcoin conducted testing. Worldcoin, which […]
Crypto-Wallet Heavyweight Class Gains New Member: SafePal
Leading crypto wallet provider SafePal, with support from big-name backers including Binance and Animoca Brands, has unveiled its latest offering, the S1 Pro, to be available in August. This upgraded model of their flagship S1 hardware wallet is seen as an integral part of SafePal’s ambitious plan to increase its foothold in Japan and other […]
SEC Goes After Quantstamp Over $28M ICO; Orders Refunds
The U.S. Securities and Exchange Commission (SEC) has filed charges against the California-based blockchain firm Quantstamp over an unauthorized initial coin offering (ICO) that raised $28 million in 2017. Following the charge, the company has consented to refund the ICO proceeds: “Without admitting or denying the SEC’s findings, Quantstamp agreed to a cease-and-desist order and to […]
Singapore’s High Court Classifies Cryptocurrency as Personal Property
The High Court of Singapore declared cryptocurrency as a type of property on July 25, marking a significant step in the legal understanding of digital assets in Singapore. The case, brought forward by cryptocurrency exchange Bybit against former employee Ho Kai Xin, involved the alleged transfer of roughly 4.2 million Tether from Bybit to personal […]
Crypto.com and LINE Xenesis Partner to Boost Cryptocurrency Solutions in Asia Pacific
Crypto.com, serving over 80 million global customers as a prominent cryptocurrency platform, and LINE Xenesis Corporation, a blockchain-related business developer of the global messaging app LINE, have signed a Memorandum of Understanding (MoU). 🤝Major Partnership Announcement! 🤝https://t.co/vCNztATSCO and LINE Xenesis have signed a Memorandum of Understanding to drive crypto technology across Asia Pacific and beyond! […]
Binance Rolls Out Seed and Monitoring Tags for High-Volatility Tokens
Binance, a global leader in the cryptocurrency exchange space, announced on July 16 its initiative to better educate users on the risks associated with high-volatility tokens, launching the Seed and Monitoring Tags. The Seed Tag is set to replace Binance’s Innovation Zone, home to new high-volatility tokens, and will be applied to all tokens previously listed […]
