South Korean authorities have discovered illegally obtained assets worth 414.5 billion won ($314.2 million) in possession of Terraform Labs' co-founder, Do Kwon, and his associates. Out of this amount, about 91.4 billion won ($69 million) has been directly linked...
The International Organization of Securities Commissions (IOSCO) plans to launch a consultation on its regulatory report on crypto assets in the current quarter (Q2) of this year and aims to release its final recommendations by the end of 2023....
A report by 36Kr indicates that CPIC Investment Management, a subsidiary of China Pacific Insurance (CPI), is collaborating with investment firm Waterdrip Capital to launch two cryptocurrency funds. This development further implies that the Chinese government may have a...
The Australian Securities and Investments Commission (ASIC) has terminated the license of Oztures Trading Pty Ltd, which trades as Binance Australia Derivatives, following a focused investigation into Binance's activities in the country. A statement released by ASIC has revealed...
FTX's attempt to conceal the identities of its non-American customers during its bankruptcy proceedings has drawn criticism from mainstream media outlets. On April 4, 2023, Bloomberg, The Financial Times, The New York Times, and its parent company Dow Jones...
Over the last six months, traditional banks in Singapore have been collaborating with regulators to establish consistent criteria for vetting prospective clients in the crypto industry. According to a report published on April 6, the Monetary Authority of Singapore...
The Arbitrum Foundation released a set of new Arbitrum Improvement Proposals (AIPs) on April 5, aimed at governing the network more effectively after the chaos that ensued after their initial unsuccessful attempt. Arbitrum, an Ethereum Layer 2 scaling solution,...
On April 5, Michael Saylor, the Executive Chairman of MicroStrategy, a US-based business intelligence company, announced via Twitter that the firm had purchased an additional 1,045 Bitcoin (BTC) at an average cost of $28,016 per BTC, for a total...
US President, Joe Biden, has expressed concerns about the safety of artificial intelligence (AI), emphasizing the need for technology companies to prioritize security before releasing their products to the public. During a meeting with science and technology advisers on...
Allbridge, following a recent cyberattack that resulted in the loss of over $573,000, has released a recovery plan prioritizing compensation for customers with funds locked on its multichain token bridge. On April 5, 2023, the company released a statement...
