Category : EthereumWorldNews

EthereumWorldNews

Bahamas Readies Stricter DARE Crypto Regulations After FTX Saga

Summary: Authorities in the Bahamas are working on drafting and implementing improved laws to govern crypto businesses in the country.The move comes months after FTX, a major crypto exchange domiciled in the Bahamas, collapsed and wiped out tens...

Avalanche (AVAX) Up 5% After Cortina Mainnet Rollout

Summary: Avalanche L1 network shipped a key upgrade to better the network for developers and blockchain builders.The upgrade called Cortina migrated the X-chain on Avalanche so that the whole blockchain now runs on a single consensus engine.AVAX...

FTX Announces LedgerX’s Sale For $50 Million

FTX debtors have reached an agreement with an affiliate of Miami International Holdings to sell LedgerX.& LedgerX will be sold to M7 Holdings for $50 million after it emerged as the top bidder in the exchange’s bankruptcy auction.& FTX US ac...

Binance US Terminates $1 Billion Deal To Acquire Voyager

Binance US has sent a letter to Voyager informing it of the termination of the purchase deal.& The $1 billion deal to acquire Voyager Digital has faced multiple hurdles including objections from federal regulators.& Voyager has stated that i...

CFTC Commissioner Hasn’t Ruled Out A Settlement In Binance Lawsuit

The CFTC is reportedly in communication with Binance over the ongoing lawsuit regarding the exchange’s conduct.Commissioner Kristin Johnson revealed that the regulator hopes to find a path forward with the crypto exchange.& The commissioner didn...

Globix $43 Million Recovery Receives Boon From Gibraltar Court

Summary: A Gibraltar court ruled for crypto exchanges to work with liquidators from beleaguered crypto trader Globix as the platform hopes to recover $43 million in digital assets. The court asked Binance to freeze suspected transfers linked to...

Terra Co-Founder Daniel Shin, Nine Others, Indicted On Multiple Charges

Summary: 10 persons involved with crashed crypto company Terraform Labs were indicted on multiple charges on Tuesday.Daniel Shin who co-founded Terra alongside Do Kwon was also formally charged, though his lawyers claim Shin left the company in...

L2 Arbitrum Shares ARB Tokens To DAOs Within Its Ecosystem

Summary: Ethereum’s leading Layer 2 scaling network Arbitrum started distributing its ARB governance token to DAOs in its ecosystem.Trading venues GMX, Uniswap, and Sushiswap are among several eligible decentralized autonomous organizations or D...

Bybit To Enforce Mandatory KYC Rules Starting Next Month

Bybit is set to impose mandatory KYC rules on its customers starting May 8, 2023. The crypto exchange will restrict certain trading activities for users to refuse to comply with the new rules. KYC checks were introduced by the exchange in December l...

Do Kwon’s Terra Classic (LUNC) Not A Security: South Korean District Court

Summary: The Terra Classic cryptocurrency created by Do Kwon does not classify as a security, a South Korean District Court ruled in February after a similar ruling back in November last year.South Korean prosecutors requested a judgment from th...

‘Fast Track’ Crypto Registration Mulled By French Watchdog After MiCA Vote

Summary: The French Financial Markets Authority could fast-track crypto registration for companies like Binance that already run regulated digital asset businesses in France.Regulators in France are considering the sped-up regime as the EU’...

22K USDT Lost In Kucoin Twitter Exploit

Summary: Kucoin’s Twitter account was compromised for nearly an hour on early Monday, the crypto exchange told users in a thread. Multiple users lost 22,628 USDT over 22 transactions after interacting with fraudulent tweets from the platfo...

Celsius’ Auction Will See Participation From Coinbase, Gemini

Celsius’ upcoming auction has attracted crypto exchanges Coinbase and Gemini as new bidders.& The consortia of investors are set to bid on the bankrupt crypto lender’s assets this week.& Coinbase has declined to comment on its participation...

Do Kwon’s Lawyers Claim The SEC’s Fraud Lawsuit Is Unfounded

Do Kwon’s lawyers have questioned the U.S. SEC’s jurisdiction over crypto assets.& The lawyers have requested the court to dismiss the securities fraud allegations made by the regulator.& U.S. law enforcement has sought Kwon’s extradition fr...

Gemini Announces Crypto Derivatives Platform Outside The U.S.

Gemini has announced its plans to open a crypto derivatives platform outside the United States.& Gemini Foundation’s first offering will be a BTC perpetual contract denominated in GUSD.& The new platform will be available to clients in dozen...

OPNX’s Supposed Investors Claim They Didn’t Fund The Crypto Exchange

Open Exchange recently published a list of investors that supposedly participated in their funding round.& Most of the listed investors have stated that they did not participate in OPNX’s funding round.& The crypto platform has criticized th...

Coinbase’s Base Plans To Launch Mainnet Before The End Of 2023

Base is reportedly planning to launch its mainnet before the end of this year.& The short-term vision for the Ethereum-focused blockchain is to debut it on the mainnet and decentralize it.& Base’s Chief has revealed the blockchain’s plans to...

Binance Under Investigation In Brazil For Helping Clients Evade Futures Ban

Binance is reportedly under investigation by federal prosecutors and police in Brazil.& The crypto exchange allegedly helped its clients evade a stop order on crypto futures trading.& Futures are deemed securities in Brazil irrespective of t...

MiCA Bill Wins Landslide Vote To Install Crypto Licensing Rules Across Europe

Summary: On Thursday, the European Commission’s Markets in Crypto Assets regulation or MiCA received overwhelming among EU lawmakers.517 legislators voted in favor of the new broad crypto licensing regime that will allow crypto service providers...

Do Kwon Reportedly Indicted In Montenegro For Document Forgery

Do Kwon has reportedly been indicted in Montenegro for forging his legal documents.& Prosecutors in the country’s capital have also indicted the Terraform Labs co-founder’s associate Han Chang-jun.The prosecutors are seeking an extension on the...

Dutch Court Releases Tornado Cash Developer Alex Pertsev On House Arrest Until Trial

Summary: The Tornado Cash developer will be released next Wednesday after authorities install surveillance devices in Alexey Pertsev’s home.Pertsev was arrested by Dutch police in August 2022 after a directive from the country’s financial...

BREAKING: Coinbase May Launch Offshore Derivatives Exchange Next Week

Coinbase revealed that it has obtained a license to operate in Bermuda.& The American exchange is reportedly planning to open a derivatives exchange in Bermuda next week.& Coinbase previously contacted its institutional investors about an of...

DeFi Lender Maple Finance Unveils U.S. Treasury Management Pool

Maple Finance has launched a cash management pool for U.S. Treasury Bills.The DeFi crypto lender’s new on-chain cash management pool will simplify access to U.S. Treasury yields.& Maple’s new product will only be available to entities and indivi...

Signature Bank Did Not Fall Because Of Crypto: New York Regulator

Summary: Serving crypto clients and holding crypto deposits was not the undoing of U.S. bank Signature Bank, New York’s financial watchdog said.“It is a misnomer,” the New York Department of Financial Services Superintendent Adrienne Harris said...

FTX US’s Former President Launches Trading Platform For Crypto And Futures

Brett Harrison is launching a new trading firm for institutional investors to trade crypto and futures.& The former FTX US president’s Architect Financial Technologies is launching the platform to cater to exchanges and trading venues.& The...

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