Category : EthereumWorldNews

EthereumWorldNews

Do Kwon May Be Sentenced To 40 Years In South Korean Prison

Do Kwon may be sentenced to over 40 years in prison in South Korea.A senior South Korean prosecutor Dan Sunghan stated that the Terra founder may spend most of his life behind bars.& The prosecutor believes that Kwon may have to face a separate...

UK FCA Unveils Stricter Rules For Crypto Marketing

The United Kingdom’s Financial Conduct Authority has unveiled new marketing rules for crypto firms.& First-time crypto investors will get a 24-hour cooling period to prevent impulse buys.& The FCA’s new rules will classify crypto as restrict...

Coinbase Has No Plans To Shut Down Staking Or Delist Tokens

Coinbase CEO Brian Armstrong has confirmed that the exchange will not shut down staking services.& Chief Legal Officer Paul Grewal revealed that the company had no plans to delist any tokens named in the SEC’s complaint.& The SEC initiated e...

Binance CEO Changpeng Zhao Summoned By D.C District Court

Binance CEO Changpeng Zhao has been summoned by the D.C. District Court.& The summons requires Zhao to respond to the lawsuit filed by the Securities and Exchange Commission within 21 days.& The crypto billionaire stated that the summons was...

Cathie Wood’s ArkInvest Grabs $21.6 million In Coinbase Stock On SEC Discount

Summary: Ark Investment Management bought over 400,000 Coinbase shares as COIN prices slumped thanks to an SEC lawsuit.Cathie Wood’s company filled their coffers as the second largest COIN holders with 11.4 million shares amid tensions sur...

Coinbase And Binance Show Negative Netflow After SEC Suits: Nansen

Summary: Data from blockchain intelligence startup Nansen showed negative netflow from Coinbase and Binance after the U.S. SEC sued both crypto exchanges.Binance and Binance US recorded a combined negative outflow north of $400 million 24 hours...

Circle’s Singapore Affiliate Bags License For DPT Services

Summary: Circle Internet Singapore was granted a Major Payment Institution license from the country’s Monetary Authority (MAS).The license allows USDC’s issuer to provide local and cross-border payments and digital payment token facilities in th...

Cumberland Scoops ETH Dips On Binance And Coinbase Following SEC Allegations

Summary: Market maker Cumberland withdrew nearly 25,000 ETH from Binance and Coinbase.The market maker seems to have bought the dip after crypto prices slumped on the back of SEC lawsuits.Binance and Coinbase are accused of operating unregistere...

U.S. SEC Files Emergency Motion To Freeze Binance US’ Assets

The United States SEC has filed a motion to freeze the assets of Binance US.& The securities regulator is seeking a temporary restraining order from the D.C. District Court.The SEC is also seeking a show cause order as to why a preliminary injun...

SEC Named 16 Cryptos As Unregistered Securities Between Binance and Coinbase Lawsuits

Summary: The financial watchdog said 16 cryptocurrencies count as securities according to documents filed at a federal court.Tokens like SOL, MATIC, and ADA were named in lawsuits against Binance and Coinbase alleging violation of U.S. law.Chair...

Coinbase CEO Brian Armstrong Looks Forward To Facing Off Against SEC In Court

Coinbase CEO Brian Armstrong has highlighted the SEC’s harmful regulation by enforcement approach in light of the recent lawsuit.& Armstrong reminded everyone that the SEC reviewed his company before allowing it to go public in 2021.& Ripple...

Gary Gensler Says The US Doesn’t Need More Digital Currency

SEC Chairman Gary Gensler has stated that the United States doesn’t need more digital currency.& Gensler has alleged that crypto’s business model is built on non-compliance with U.S. securities laws.& The SEC Chair believes that the US Dolla...

Bitcoin NFTs Added To Binance Marketplace Post-SEC Crackdown

Summary: The Bitcoin network is now supported on the Binance NFT marketplace.NFTs on Bitcoin are a hot new narrative capturing attention within BTC’s community and the broader crypto market narrativeBinance announced the feature hours after the...

Coinbase May Face Cease & Desist Orders From 10 States Following SEC’s Lawsuit

Ten US states have issued show cause orders to Coinbase in parallel action to the SEC’s lawsuit.& The Alabama Securities Commission has given Coinbase 28 days to respond to the allegations of selling unregistered securities.& The SEC charged...

SEC Sues Coinbase After Binance

Summary: “Coinbase has never registered with the SEC” as a securities exchange, the U.S. Securities and Exchange Commission filed in its lawsuit against America’s biggest crypto exchange.The SEC again listed several crypto toke...

Coinbase’s Legal Chief To Testify Before US Congressional Committee

Paul Grewal, the Chief Legal Officer at Coinbase, is set to appear before the U.S. House Committee on Agriculture.& The crypto giant’s legal chief will emphasize the need for clear crypto regulations.& Grewal will also underscore the importa...

Bankruptcy Judge Extends Genesis’ Mediation Period, Denies Entry To FTX

The judge overseeing Genesis Global’s bankruptcy case has extended its mediation period.& FTX’s request to join the court-appointed mediation talks has been denied by bankruptcy Judge Sean Lane.& Arguments on FTX’s $3.9 billion claim, which...

Judicial Panel Orders Consolidation Of Lawsuits Against FTX’s Backers And Endorsers

A judicial panel has ordered the consolidation of the lawsuits against FTX’s financial backers and celebrity promoters.& A multi-district litigation has been created before a U.S. District Judge in Miami, the bankrupt exchange’s former headquart...

Tether Invests In El Salvador’s $1 Billion Bitcoin Mining Project

Tether has joined El Salvador’s Volcano Energy project to develop a Bitcoin mining farm.& The billion-dollar project aims to tap into El Salvador’s renewable energy sources to support sustainable Bitcoin mining.& The stablecoin giant clarifi...

Met Museum In New York To Return FTX Donations Worth $550,000

Summary: The New York Metropolitan Museum is set to return over half a million dollars donated by bankrupt crypto exchange FTX in March and May of 2022.Court documents noted that the Museum will return the FTX donations in full and without furth...

Binance Prepared To “Vigorously” Litigate After SEC Lawsuit

Summary: The SEC claims that Binance and its CEO Changpeng Zhao violated U.S. laws by knowingly operating an unlicensed securities exchange.Several tokens like SOL, ADA, and MATIC were labeled securities by the federal regulator in its suit agai...

Multichain Bridge Transactions Resume On Four Chains, MULTI Up 15%

Summary: On-chain data showed that multichain transactions on Polygon, Avalanche, zkSync Era, and Kava networks resumed on Monday.Cross-chain services across 11 chains remain suspended as the team announced last month.Users first reported abnorm...

Do Kwon Again Granted 400K Bail In Montenegro Travel Paper Forgery Case

Summary: TerraUSD creator Do Kwon secured his $428,000 bail from a Montenegro court in a third round of judiciary negotiations.The initial approved order from a Basic Court was previously voided by a High Court arguing flight risks and Do Kwon&#...

FTX Objects To Genesis’ Proposed Mediation Extension

FTX has filed an objection to the mediation extension proposed by Genesis Global.& As Genesis’ largest creditor, the crypto exchange took issue with not being included in the mediation process.& The bankrupt exchange has also objected to hav...

Marathon Digital’s Bitcoin Mining Output Up 77% In May

Marathon Digital’s Bitcoin mining output in May is up 77% from the previous month.& The Bitcoin mining firm mined a record 1,245 BTC during May 2023 thanks to increased hash rates and transaction fees.& The Bitcoin miner has increased its Un...

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