US Dollar's Dominance Not Under Threat; BRICS Currencies, Crypto Are Not Alternatives: Bank Of America
The global dominance of the U.S. dollar has been a central issue over the past weeks after BRICS floated the idea of using a new currency in conducting trade with its member countries.
FTX Wants To Recoup Nearly $4 Billion Funds From Genesis Global
In the court papers, the FTX Group branded Genesis as "one of the main feeder funds for FTX and instrumental to its fraudulent business model."
Amazon NFT Marketplace Reportedly Launching On May 15 After Several Delays
A Web3 enthusiast said that "the marketplace was originally scheduled to launch in 2022" and highlighted that the "new launch date after several delays is set to May 15."
Bitcoin Falls Slightly After Jerome Powell Confirms Fed Rate Hike Pause Still Up In The Air
The Fed's decision Wednesday is the 10th rate hike in a span of 14 months.
White House's Push For Crypto Mining Energy Tax May Do More Harm To Environment: Expert
While crypto businesses in the U.S. groan for the country's lack of clear regulations for the industry, the proposed 30% tax on crypto mining could drive miners away to places with much higher carbon intensity.
Binance Calls ChatGPT-Based Allegations About CEO's Ties To Chinese Communist Party 'Ludicrous'
Congressional offices were informed that Binance CEO Changpeng Zhao had links to the ruling political party in China.
Global Clampdown On Dark Web Drug Market Leads To 288 Arrests; $56M In Cash, Crypto Seized
The arrested individuals were allegedly selling firearms and drugs through the illegal marketplace and other similar websites, with 153 of them arrested in the U.S., 55 in the U.K. and 52 in Germany.
Key SHIB Figure Appears At Major Crypto Event; Team Unveils Metaverse Plans
Marcie Jastrow, the Shiba Inu Metaverse advisor, revealed that "Shib: The Metaverse" will launch 11 hubs by the end of 2023 or early 2024.
Yellen Warns US Could Hit Debt Ceiling By June 1, Investors Worry About Crypto Meltdown
The Treasury Secretary, in a letter sent to Congress on Monday, urged the leaders of the House "to protect the full faith and credit of the United States by acting as soon as possible."
Lawsuit Accuses Coinbase CEO And Other Executives Of Using Insider Information, Avoiding $1B Loss
Coinbase dismissed the lawsuit and called it a "meritless" claim.
Jack Dorsey's New Initiative Could Bring Decentralization To Crypto Mining Industry
Jack Dorsey's tech company could level the playing field with the launch of its new product for cryptocurrency mining.
CoinMarketCap Announces Debut Of 'Shark Tank-Inspired' Reality TV Show Featuring Crypto Pitches
"Killer Whales" could inspire a new breed of blockchain trailblazers and could pave the way for the global adoption of Web3 technology.
Binance In Tight Spot With US, South Korea Over Tracking Do Kwon's Supposed Million-Dollar Loot
The world's largest centralized cryptocurrency exchange by trading volume previously said that it has already "provided Korean [law enforcement] authorities with the requested assistance."
Coinbase CEO-Backed 'Stand With Crypto' NFT Campaign Forges Ahead With Over 71K Mints
Described as "a symbol of unity for the crypto community seeking sensible crypto policy," the "Stand With Crypto" NFT campaign intends to push the U.S. Securities and Exchange Commission to provide the emerging sector with "sensible cryptocurrency policy."
Certik Denies Responsibility, Issues Statement After Drawing Flak For MerlinDEX Rug Pull
While Certik maintains that it has no responsibility for what transpired at MerlinDEX, it "is actively investigating" the recent exit scam.
Anonymous Hacker Exposes, Burns Nearly 1,000 BTC Addresses As Russian Security Agencies' Assets
The hacker accused the wallets of involvement in hacking activities and alleged that they are controlled by Russia's Foreign Military Intelligence Agency (GRU), Foreign Intelligence Service (SVR), and Federal Security Service (FSB).
Judge Hands Down Record Win To CFTC, Fines South African CEO $3.4B Over BTC-Related Fraud Case
The case involves Cornelius Johannes Steynberg of South Africa, who was the founder and CEO of Mirror Trading International Proprietary Limited.
FBI Raids Former FTX Executive's Million-Dollar Home Over $24M Political Donations
While Ryan Salame has not been formally charged, the latest move by the authorities indicate that the investigation surrounding the spectacular collapse of FTX is far from over.
FTX Fallout Ushers In Stricter Crypto Regulation Proposal In The Bahamas
The country is trying to update its law "in light of lessons learned during the so-called 'crypto winter' of 2022."
Hong Kong Crypto Exchange License Guidelines To Be Released In May
While Hong Kong's ambition of becoming the world's crypto hub is now backed by clear regulatory guidelines, the subject is a sore point among crypto exchange platforms operating in the United States.
Apple Removes Crucial Crypto Document Hidden In Its Computers Without Any Explanation
A recent evaluation conducted by participants of Apple's Beta Software Program showed that the beta version of the upcoming macOS update, macOS Ventura 13.4, no longer contains the crucial cryptocurrency document.
Crypto Scam: Spanish Authorities Bust International Criminal Organization That Swindled Over $110M
According to the Federal Bureau of Investigation, cryptocurrency investment fraud saw a 183% spike last year and skyrocketed from $907 million in 2021 to $2.57 billion in 2022.
Bitcoin Ascends Above $28K As First Republic Bank Shares Plummet 50% Amid Fresh Banking Crisis Fear
Traditional banks struggled with issues of liquidity and insolvency in March, and Bitcoin has been the biggest beneficiary of this issue.
Authorities Reveal Name Of Swiss Bank Where Do Kwon Allegedly Stored $100M After Converting 10K BTC
The bank has not yet released any statement on the matter, but a report claimed that the Swiss bank only acted based on an official court order.
FTX Drags Down Web3 Game? 'Storybook Brawl' Announces Shutdown, Says 'There Is No Path Forward'
While developer Good Luck Games did not mention the reason behind the shutdown, the widely-held assumption is that the Web3 game "Storybook Brawl" was caught in the chaos of FTX.
Binance.US Abandons $1.3B Assets Deal With Voyager Digital Due To 'Hostile And Uncertain Regulatory Climate'
Binance.US's move is a major burden for the now-bankrupt crypto brokerage firm, which has been looking for ways to raise funds to repay its creditors.
Amazon Reportedly Delays NFT Marketplace Debut Due To Technical, Commercial Issues
The NFT Marketplace is now set to launch on May 15, according to a report.
Coinbase Files Court Action To Force SEC To Provide Clarity On Crypto Regulations
Coinbase filed a petition with the SEC last July, requesting the agency to engage in regulation-making for the industry, asking it to propose and adopt clearer regulatory guidelines for the sector in the United States.
Do Kwon Urges US Court To Throw Away SEC Lawsuit Due to 'Lack Of Jurisdiction'
Do Kwon's lawyers said that the lawsuit is an "improper attempt" by the SEC to regulate crypto using "outdated laws," even though Congress and the agency itself could not agree on what qualifies as a "security."
Ripple Labs Reportedly Mulls Leaving The US, May Follow Coinbase's Lead
"We think the law is on our side and the facts are on our side," Ripple Labs' CEO said last July, adding that "we will move to another jurisdiction if we lose the case in the United States."
