Cryptocurrency startup Thor Technologies and its founder, David Chin, have been ordered to pay more than $900,000 as part of a settlement with the U.S. Securities and Exchange Commission (SEC) over alleged illegal token sales. A federal court in...
LBRY Inc. has issued its final message to the crypto community, acknowledging financial difficulties that have led to the company's closure. This message was shared on Odysee, a video-sharing platform powered by LBRY Inc., and later spread to other...
The Central African Republic police have apprehended a key suspect believed to be one of the masterminds behind a crypto scam that left numerous investors, including high-level politicians, senior civil servants, and traders, grappling with financial losses. The suspect,...
Binance has signed agreements with new partners to facilitate euro deposits and withdrawals months after being dropped by their previous provider, PaySafe. In an announcement made on October 19, Binance revealed that they were in the process of transitioning...
Layer 1 blockchain network, Aptos, experienced a significant outage on October 18, 2023, and it caused a halt in transactions for over five hours before services were restored. According to the Aptos block explorer, Aptoscan, on-chain activity on the...
On October 17, 2023, the European Union Council approved a crucial revision to the Directive on Administrative Cooperation (DAC) with the goal of simplifying tax reporting for cryptocurrency transactions. This latest update, referred to as "DAC8," marks the eighth...
The European Central Bank (ECB) has called for the development of a comprehensive regulatory framework to address the liabilities and risks associated with Decentralized Autonomous Organizations (DAOs). In a recent paper titled "The future of DAOs in finance -...
The Markets in Crypto Assets (MiCA) regulatory framework is the European Union (EU)'s attempt to provide regulatory clarity in the region's crypto and digital asset sector. It introduces a unified, comprehensive, and consistent set of rules for crypto-assets and...
Yuga Labs, the creator of the popular NFT collection Bored Ape Yacht Club, has undergone a significant company-wide restructuring, including staff layoffs, in response to challenges within the crypto industry. Yuga CEO Daniel Alegre confirmed the completion of this...
The cryptocurrency landscape in Hong Kong has experienced a notable shift in sentiment after a major exchange scandal that unfolded last month. According to early findings from a survey conducted by the Hong Kong University of Science and Technology...
