Browsing:News

SEC Chairman Gary Gensler
1 year ago 2 mins read

US Congressman Proposes Removing Gary Gensler as SEC Chair

In recent months, the U.S. Securities and Exchange Commission (SEC) has come under increasing political pressure for its regulatory approach to the cryptocurrency industry. The latest move against the SEC is a proposed bill by Ohio Representative Warren Davidson, which aims to oust SEC Chairman Gary Gensler and replace him with a director. The proposed legislation comes amid growing concerns from crypto industry advocates about what they view as overreach and extrajudicial crackdowns by the SEC. Commissioner Hester Peirce, also known as “crypto mom,” has been particularly vocal in criticizing the agency’s war on crypto. In response to SEC criticism,

Blockchain Battle gathers the best and brightest of Blockchain
1 year ago 3 mins read

One of Europe’s biggest ever crypto events, Block 3000: Blockchain Battle goes live

More than 5,000+ delegates are expected to grace the stunning Altice Arena in Lisbon, Portugal this July 6 & 7 as Block 3000: Blockchain Battle gathers the best and brightest of Blockchain, Web3 and Crypto to unveil exciting new projects, engage in priceless networking and to set the discourse for the industry. Block 3000: Blockchain Battle will welcome a diverse range of speakers that includes C-Suite Executives from some of Fintech’s biggest movers and shakers, influential media figures, inspirational founders and Blockchain thought leaders. The main theme of the event is the Battle of Blockchains, which will be held in

Whale Alert announced large transactions involving tens of thousands of BTC worth more than $856 million
1 year ago 1 min read

Whale Alert: Over $850M Worth of Bitcoin Moved in One Day

According to blockchain monitoring service Whale Alert, large transactions involving tens of thousands of BTC worth more than $856 million took place in just 24 hours. These transfers involved moving BTC between wallets of unknown origin and centralized crypto exchanges. One of the most substantial transactions involved a crypto whale shifting 9,819 BTC worth nearly $300 million from an unknown wallet to another unknown wallet. The cost of moving such a large amount of Bitcoin? Less than $8. In another transaction, a deep-pocketed entity sent 5,503 BTC worth over $165 million between wallets of unknown origin, paying around $10 for

Binance Users Face Weeks-Long Delays for ETH Withdrawals After Shapella Downtime
1 year ago 1 min read

Binance Announces Delayed ETH Withdrawal Requests Following Shapella Upgrade

On April 13th, cryptocurrency exchange Binance revealed that Ethereum (ETH) withdrawal requests may take several weeks to process. This announcement was made just a day after the Shapella upgrade went live on the Ethereum mainnet. The Shapella upgrade is one of the most highly-anticipated events in the crypto space for 2023. It enables ETH validators to withdraw their locked funds. However, Binance stated its need to set a daily redemption quota for each user due to the Ethereum network’s processing limitations. Binance, the world’s largest crypto exchange by trading volume, announced that its users will be able to redeem their

Yesports Unlocks Next Level Gaming with YESP Token
1 year ago 3 mins read

Yesports Unlocks Next Level Gaming with YESP Token

New York, United States, April 15th, 2023 Yesports is thrilled to announce the launch of YESP, a utility token setting the pace for the Yesports platform where esports, gaming, and competition thrive.  Fuelling fan engagement and innovation, Yesports continues in its mission to further develop the premier esports platform for web3 games creating more gamified experiences and offering staking rewards through YESP, enabling holders to receive further benefits through trading, listing, and more. YESP, now live, can be purchased through a number of exchanges. “We are beyond excited about YESP as it enables our users to access exclusive features and benefits

U.S. Congress draft bill on stablecoins set to impact crypto market
1 year ago 1 min read

U.S. Lawmakers to propose new rules for stablecoins

The US House of Representatives has released a new draft bill aimed at establishing a regulatory framework for stablecoins, just ahead of a hearing on the topic scheduled for April 19. The proposed legislation would place non-bank stablecoin issuers under the supervision of the Federal Reserve, with insured depository institutions seeking to issue stablecoins being overseen by the appropriate Federal banking agency. Failure to register could result in a $1 million fine and up to five years in prison. Among the approval criteria is the ability of the applicant to maintain reserves backed by US dollars or Federal Reserve notes,

Bitrue Exchange Hacked
1 year ago 1 min read

22.55 Billion Shiba Inu and Other Crypto Stolen in Bitrue Exchange Attack

Bitrue exchange has fallen victim to a massive hack resulting in the loss of tens of billions of Shiba Inu (SHIB) tokens and other digital assets worth approximately $23 million. Bitrue confirmed that hackers were able to exploit a hot wallet, enabling them to steal cryptocurrencies including Ethereum (ETH), QNT, GALA, SHIB, HOT, and MATIC. In a statement released by the exchange, Bitrue disclosed that the hot wallet in question only held less than 5% of the total funds and that the rest of its wallets remained secure and unaffected by the hack. The company said that it has since

The recent Kaspersky report highlights the increasing trend of crypto phishing attacks that surged by 40% in just one year.
1 year ago 1 min read

New Kaspersky Report Unveils 40% Surge in Crypto Phishing Attacks within 12 Months

As the cryptocurrency market continues to grow, so does the risk of cyber threats targeting digital asset investors and users. The recent Kaspersky report highlights the increasing trend of crypto phishing attacks that surged by 40% in just one year. The report reveals that cybercriminals are becoming more creative and sophisticated in their tactics to carry out these attacks. They create fake cryptocurrency exchange websites and send phishing emails and messages that trick users into disclosing their private keys and other sensitive information. Phishing attacks are a prevalent form of cyber exploit where an attacker poses as a legitimate entity,

Elon Musk Launches AI Company
1 year ago 1 min read

Elon Musk Unveils New AI Company

Reports have emerged that Tesla and SpaceX CEO Elon Musk is setting up X.AI Corp, a new artificial intelligence (AI) company that will supposedly rival OpenAI’s ChatGPT. The Wall Street Journal and the Financial Times have both reported on the development, stating that Musk has been hiring AI researchers and engineers and is in talks with investors from Tesla and SpaceX to raise capital for the firm. The recent state filing in Nevada shows that Musk is serving as the only director of X.AI Corp, with Jared Birchall, director of Musk’s family office, as the company secretary. Although Musk has

U.S. SEC commissioner Hester Peirce has voiced her concerns over the regulator's new rules
1 year ago 1 min read

SEC Commissioner Hester Peirce Criticizes Exchange Act as a Threat to Free Speech

U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce has voiced her concerns over the regulator’s new rules to amend the definition of “exchange”. In her statement on April 14, Peirce criticized the SEC’s proposal and current leadership, accusing the commission of “aggressively expanding its regulatory reach to solve problems that do not exist.” Peirce noted that the proposal seeks to embrace stagnation, force centralization, urge expatriation, and welcome the extinction of new technology. The SEC recently reopened the comment period for amendments to Exchange Act Rule 3b-16 Regarding the Definition of “Exchange” after several crypto firms questioned the proposed

Binance has teamed up with the Brazilian Football Confederation (CBF) to launch the first-ever NFT of Brasileirão Assaí.
1 year ago 1 min read

Binance and Brazilian Football Confederation (CBF) Launch NFT for Fans to Connect with Clubs and Learn About Crypto

Binance, the world’s leading cryptocurrency exchange platform, has teamed up with the Brazilian Football Confederation (CBF) to launch the first-ever NFT of Brasileirão Assaí. The partnership aims to offer Brazilian football fans a chance to connect with their favorite clubs while learning about crypto and blockchain technology. Through the NFT Season Pass initiative, fans can claim a free serial code by registering at the Brasileirão Assaí website starting Friday, 14 April 2023. Interested fans must complete a KYC process on Binance after accessing the Binance NFT landing page to unlock the NFT. The NFT project is targeted at enhancing match

Do Kwon, sent a lot of money to a law firm in the country just before the Terra Luna collapse
1 year ago 2 mins read

Terra Co-Founder Do Kwon Reportedly Sent Millions to Law Firm Before Crash

South Korean prosecutors have revealed that Do Kwon, the CEO of Terraform Labs, sent a significant sum of money to a prominent law firm in the country just before the Terra stablecoin and Luna cryptocurrency collapsed a year ago. The move sent shockwaves throughout the industry and created a domino effect. Over the following months, Kwon sent a total of $3 million to Kim & Chang, which is now being investigated by Singaporean law enforcement. If Kwon is found to have liquidated illicit cryptocurrency assets to pay for legal representation, embezzlement charges may be brought against him. Both countries hope

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