South Korean prosecutors have indicted Terraform Labs co-founder Daniel Shin and nine others on charges of fraud, breach of trust, embezzlement, and violations of capital markets law. The charges come after a months-long investigation into the collapse of the...
Book.io and the Algorand Foundation have collaborated to bring 10,000 copies of Aldous Huxley's "Brave New World" in eBook format to the Algorand blockchain. This partnership represents a significant breakthrough in the Web3 space as it enables readers to...
Visa has announced a new initiative aimed at exploring the advantages of the cryptocurrency sector, specifically focusing on stablecoin transactions. On April 24, 2023, Cuy Sheffield, the head of Visa's cryptocurrency division, announced a new crypto-related venture by the...
Former Terraform Labs CEO and co-founder Hyun-seong Shin has been cleared of security violation charges by a district court in South Korea. The court ruled that LUNA, the native token of the Terra-LUNA ecosystem, is not a security according...
Bitget, a leading platform for crypto derivatives and copy trading, has published a revised version of its whitepaper for its proprietary token, BGB. The updated document details the advantages of using BGB as a utility asset on the Bitget...
China is increasing the scope of applications for its Central Bank Digital Currency (CBDC), the digital yuan, or e-CNY, as part of its Belt and Road initiative and cross-border trading efforts. The digital yuan, also known as the digital...
KuCoin experienced a Twitter account hack that lasted 45 minutes today, resulting in asset losses for several users. Following the incident, KuCoin released a tweet stating that they would reimburse all verified asset losses caused by the social media...
The Abu Dhabi Global Market's (ADGM) Registration Authority has unveiled a proposed legislative framework for distributed ledger technology (DLT) projects in the United Arab Emirates (UAE). The ADGM, which is a financial centre in the UAE, aims to regulate...
Binance's Chief Strategy Officer, Patrick Hillman, has accused Samuel Bankman-Fried (SBF) of spreading false and discriminatory rumours about Binance's CEO, Changpeng Zhao (CZ), prior to the collapse of Bankman-Fried's cryptocurrency exchange, FTX. Hillman alleged that Bankman-Fried relied on portraying...
The European Parliament has approved the first set of EU regulations called Markets in Crypto Assets (MiCA), designed to prevent money laundering, track transfers of digital assets, and address customer protection and supervision. According to the statement by the...
