CRYPTO

While former Finance Minister Milojko Spajić confirmed he knew Kwon, he denied the crypto executive's claim and called him a "fraudster who defrauded millions of people."

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.

Binance immediately responded to the news about the SEC filing the emergency motion in an attempt to quell potential unrest and anxiety among its clients, and called the motion "unwarranted" and executed on an "expedited basis."

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."

Musk's tweet about DOGE, unfortunately, was not impactful enough to fuel a price surge, considering the doom and gloom of the SEC lawsuits against major crypto exchanges that dampened sentiments.

A crypto wallet is an application that enables users to store keys that access cryptocurrency through a blockchain. You'll also hear the term digital wallet used interchangeably with crypto wallet.

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

The SEC filed a lawsuit against Coinbase on Tuesday alleging that the exchange has been operating an unregistered exchange, broker, and clearing agency.

The SEC sued Coinbase on Tuesday just a day after filing 13 charges against major exchange platform Binance.

The entire cryptocurrency market wallowed in the puddle of red on the news, showing up to double-digit losses particularly observed in the tokens the SEC deemed as securities.

The financial regulator's action was not taken lightly by the crypto community, with its personalities immediately viewing the move as "an act of war."

Like money, trust is hard to earn but easy to lose. And once it's gone, it can't be restored in a hurry.

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.

Binance allegedly established Binance.US as a protective shield for Zhao and the main company.

Marat Tambiev's court appearance is set for Monday, during which the prosecutor aims to confiscate all of his alleged unlawfully acquired funds.

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.

The Metropolitan Museum of Art is the latest to join the list of entities and individuals that are returning donations received from fallen cryptocurrency exchange FTX.

Rosbank said that while the initiative is already rolling out, transactions are in compliance with the country's legislative requirements, the guidelines provided by the central bank , as well as the bank's own compliance policy.

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.

The non-custodial crypto wallet, which reportedly supports more than 300 crypto coins and tokens and claims that it has more than 5 million users, has not yet offered any explanation as to how the attack was carried out.

Dubai has created a regulator to oversee the digital asset industry in the UAE.

TikToker Danny Devan faces with up to 10 years behind bars for laundering COVID-19 relief loans using cryptocurrency. Authorities found what looked like a "gold physical Bitcoin" when they raided his home in February.

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."

The amendment centered on the "deliberate course of carnival barking, market manipulation and insider trading" allegedly devised by Musk to artificially boost the price of Dogecoin.

From supporting growth and emerging technologies to promoting privacy, here are five key lessons the American crypto market can learn from its Asian counterparts.

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