Kang Jong-Hyun, the ex-chairman of South Korea's largest cryptocurrency exchange, Bithumb, has been arrested on suspicion of embezzlement, breach of trust, and fraudulent activities. According to reports, Kang Jong-Hyun was detained on February 2 in connection with the allegations....
The US Securities and Exchange Commission (SEC) may take legal action against Elon Musk if he decides to accept only DOGE payments on Twitter, says attorney John Deaton. According to reports, Twitter is seeking legal approval for a new...
Betts Recruiting, a leading technology recruiting firm in the go-to-market sector, has announced the launch of RecruitCoin, a new cryptocurrency. Members of the Betts Connect talent network will receive RecruitCoin as compensation for joining the network. The introduction of...
An independent examiner has found that cryptocurrency lender, Celsius, misled its investors and, at times, used new customer deposits to pay for other customers' withdrawals, a hallmark of a Ponzi scheme. Shoba Pillay, appointed by the New York bankruptcy...
Archax, a London-based cryptocurrency exchange, has introduced its digital asset custody service after gaining regulatory approval from the Financial Conduct Authority (FCA). The service, one of few to meet the FCA's high standards for firms dealing in digital assets,...
Hong Kong's top financial regulator has proposed fresh regulations prohibiting algorithmic stablecoins and noting that, henceforth, all stablecoin issuers will be required to obtain mandatory licensing. Organizations that engage in regulated cryptocurrency activity in Hong Kong must apply for...
Israel-based fast-charging battery company, StoreDot, has entered into a partnership with Circulor, a UK-based startup that uses blockchain technology to map supply chains for environmentally friendly and sustainable production. The aim of this partnership is to establish ethical and...
The Financial Supervisory Service of South Korea, the nation's regulatory body, has advocated establishing a uniform system for mandatory information disclosure from digital asset exchanges and cryptocurrency issuers to provide more reliable data and protect investors from fraud. Ahn...
Bitstamp, a prominent cryptocurrency exchange, has added EUR-backed IOUs on the XRP Ledger. The announcement was made via Twitter by the exchange. As per the tweet, the exchange stated that they are expanding their IOU services on XRPL, offering...
The trend of Russian residents purchasing ready-to-use cryptocurrency exchange accounts has been growing at an alarming rate, despite the inherent dangers of such accounts. This phenomenon can be attributed to the recent restrictions imposed by trading platforms in compliance...
