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SEC Challenges Coinbase’s Extensive Document Requests in Court

The US Securities and Exchange Commission (SEC) has intensified its legal conflict with Coinbase by declining the cryptocurrency exchange’s request for more document discovery. In this heated legal development, the SEC has described Coinbase’s requests, which include obtaining emails and documents pertaining to SEC Chairman Gary Gensler, as overly broad and onerous. This denial demonstrates […]

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Australia’s Policing Efforts Against Crypto Scams

To strengthen its cybercrime defences, the Australian Federal Police (AFP) has partnered with Chainalysis, the global leader in blockchain analysis. This collaboration seeks to improve the digital economy by deconstructing networks involved in cryptocurrency fraud, notably through the unusual technique of detecting and securing over 2,000 corrupted crypto wallets owned by Australians. This endeavour is […]

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The Fall of BitClout: Entrepreneur Nader Al-Naji Arrested for Fraud

In a startling turn of events, Nader Al-Naji, the Los Angeles entrepreneur and creator of BitClout, a platform that combines Bitcoin culture with social media, has been detained. Al-Naji is charged with wire fraud after allegedly misappropriating hundreds of millions of dollars from investors under the premise of company costs. His startup offered a new […]

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Russia to Launch International Crypto Payment System by Year-End

Russia is ready to make a contribution to international finance by launching its first international cryptocurrency payment before the end of this year. Elvira Nabiullina, Chairwoman of the Russian Central Bank, delivered this ground-breaking pronouncement on July 30, 2024. This program is part of Russia’s larger goal of using digital currencies, specifically the digital ruble, […]

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OKX Launches Pre-Market Futures for Upcoming Token Trading

OKX has launched its new Pre-Market Futures product, allowing consumers to trade futures contracts for forthcoming tokens before their public offers. This revolutionary device will enable customers to engage in early market trading with up to 2x leverage and has an easy-to-use interface. The first cryptocurrency accessible for Pre-Market Futures trading is the HMSTR token […]

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The Merger of DASH Industry Forum into SVTA

The Streaming Video Technology Alliance (SVTA) has welcomed the DASH Industry Forum (DASH-IF), representing a significant shift in the streaming technology environment. This merger incorporates DASH-IF’s considerable work on the MPEG-DASH format and related technologies into SVTA’s larger industry objectives. DASH-IF was founded by crucial industry heavyweights such as Qualcomm, Netflix, and Microsoft and has […]

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SSV Network DAO’s New Initiatives to Foster Community Involvement

SSV Network DAO, the decentralised autonomous organisation overseeing the SSV Network protocol, recently announced two unique initiatives to increase community engagement: the SSVDivers Ambassador Programme and the Community Associates Programme. These programmes encourage active engagement and provide concrete rewards for community involvement, thereby improving the ecosystem of decentralised staking. SSVDivers Ambassador Program The SSVDivers Ambassador […]

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Nigeria Reviews Blockchain Policy to Lead African Blockchain Development

Nigeria has launched a complete review of its blockchain technology policy to solidify its African blockchain development leader position. The Steering Committee, led by Chairman Chimesie Chuta, began this critical review on July 17, 2024, marking a vital step in the country’s transition to a blockchain-driven future. Chuta announced revising Nigeria’s blockchain technology policy on […]

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Cambodian Firm Linked to North Korean Crypto Scams: $305M DMM Hack

According to new revelations, more than $35 million from the $305 million theft of the Japanese cryptocurrency exchange DMM Bitcoin was tracked back to Huione Guarantee, a Cambodian corporation. The breach, alleged to be carried out by North Korea’s Lazarus Group, has shed light on hackers’ elaborate and methodical laundering procedures. The DMM Bitcoin breach […]

Blockchain News

Postponement of Crypto Taxation in South Korea

The South Korean government has once again postponed the implementation of cryptocurrency taxation, pushing the commencement date to January 2028. This decision underscores persistent concerns about market stability and investor dissatisfaction as authorities develop a tax structure that balances legal requirements and the vitality of the cryptocurrency sector. The postponement is a response to market […]

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BitMEX’s AML Violations: Executives Under Legal Scrutiny

BitMEX, a well-known cryptocurrency exchange, has acknowledged violating US Anti-Money Laundering (AML) and Know-Your-Customer (KYC) requirements in Manhattan Federal Court. This disclosure is a significant milestone in the continuing legal disputes between the exchange and its officials. The case emphasises the vital need for cryptocurrency companies operating in the US to comply with banking regulations. […]

Blockchain News

Bank of Italy Sets New MiCA-Based Crypto Guidelines

The Bank of Italy has announced the upcoming publishing of complete guidelines for regulating cryptocurrencies under the European Union’s Markets in Crypto-Assets Regulation (MiCA) law. This project intends to promote innovation while ensuring the stability of Italy’s financial systems and consumer safety. Background The European Union’s Markets in Crypto-Assets Regulation (MiCA) bill is a groundbreaking […]

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