CRYPTO TECH

Consumer agencies can charge fines against violators of consumer law in principle, but the latest action by the BEUC underlines that it wants harsher penalties for subjects of the complaint.

Changpeng Zhao is no stranger to FUD or the crypto speak for fear, uncertainties and doubts, since Binance has become a magnet of a lot of controversies over the past years.

The court will also look into the authenticity of the identity cards and travel documents of the TFL executives since Kwon's lawyer claimed the CEO's Costa Rican passport was obtained legally.

"We continue to believe that rules of the road, from legislation or rulemaking or both, must come before enforcement actions. That is why we petitioned the SEC for rulemaking nearly a year ago in the first place," Coinbase chief legal counsel Paul Grewal said.

While the Binance and Coinbase CEOs lost part of their personal wealth in the wake of the SEC lawsuits, their collective losses account for only 14.3% of their collective gain in the early part of 2023.

The team is "doing everything they can to get those funds back," Atomic Wallet chief marketing officer Roland Säde said, adding that "in order to create a concrete plan, the investigation must be completed."

The lawsuits against Binance and Coinbase, according to the SEC chairman, took a while to produce due to the amount of work required.

While Multichain has not yet officially released any updates related to the resumption of halted cross-bridges operations on its official Twitter account, industry experts confirmed transactions happening on the troublesome protocol.

With the help of Progmat Coin, banks will be able to issue their own stablecoins on blockchains like Cosmos, Avalanche, Polygon and Ethereum with more networks to be added soon.

Montenegro prosecutors now have three days to appeal against the court's ruling after it decided to release the Terraform Labs' CEO and his associate from detention.

In its court filing, the crypto trade group argued that the decision to sanction the crypto mixing tool mirrored the basic misunderstanding of the software and how it functioned.

For now, the community is only exclusive to "those who will build on Shibarium," but the team is currently working on "creating an active social hub to keep all well-informed by giving them access to information directly from verified sources."

There have been rumors claiming that Chinese authorities nabbed Multichain's executives including its CEO.

Talking about the ongoing case, the CEO of Ripple recently said he was "very confident that we'll see a decision from the court this year. In fact, I'll guess in weeks, not months."

ByBit said it would no longer accept account opening applications by any identified Canadian residents and existing Canadian nationals starting Wednesday.

"Crypto has the potential to play a significant part in stimulating the American economy and promoting democratic values worldwide," Brian Armstrong said.

The transfer of funds from OKX to Alameda Research may have been part of the recovery effort to pay back FTX.

Kusama had previously said their "next job" would include building backend, crafting the ticket system, support and onboarding, as well as designing user interfaces for "some secret projects."

However, the latest Fiscal Responsibility bill still requires the approval of Congress before it could take effect.

The surprising about-face on the development of the Russian national crypto exchange platform comes at the heels of news claiming that the country's Ministry of Finance internally opposed the plan since doing so would mean a more comprehensive regulation of assets.

Beijing released a whitepaper on the development of the metaverse, noting that web3 technology is an "inevitable trend for future internet industry development."

Another factor that could serve as a deterrent in the rumored crypto integration in "Grand Theft Auto 6" is Rockstar Games' position on NFTs.

"Shib: The Metaverse" will see a multi-platform launch including mobile devices, PC and virtual reality (VR) devices, allowing the platform to be accessible to everyone even if they only have mobile phones.

Malicious actors took advantage of the system's weakness to steal thousands of ETH.

DCG, one of the many casualties of the spectacular collapse of the controversial crypto empire FTX, disclosed that it lost more than $1 billion last year.

The Shiba Inu team is speeding up the time of releasing Shibarium, which is currently going in a "good direction" in terms of testing.

Ledger Recover was introduced so users of the hardware wallet, who lost their private keys, could recover them.

The current Shiba Inu pattern is evocative of the price action the community witnessed between May and September 2021, which resulted in a meteoric surge of its price to 1,200%.

With the continuous significant developments taking place in Shibarium, whales have started accumulating massive quantities of Shiba Inu tokens.