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Terra Founder Do Kwon Appeals Against Extradition to South Korea and US
6.12.2023
Source: Terra / YouTube Terraform Labs co-founder, Do Kwon, has officially filed an appeal against the extradition decision of the High Court in Montenegro. On December 6, the Montenegrin Court of Appeal confirmed that Kwon Do-hyung submitted an appeal, expressing his refusal to accept...
SEC Delays Decision on Grayscale’s Spot Ethereum ETF Until January 2024
6.12.2023
Source: Pixabay / vjkombajn The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale‘s application for its spot Ethereum exchange-traded fund (ETF), extending the review period with a new deadline set for January 2024. According to the SEC’s latest filing,...
Belarus Wants to Use Its CBDC to Evade Sanctions
6.12.2023
Source: christophe/Adobe Belarus wants to accelerate the launch of its CBDC as it looks to evade US and EU-led sanctions and let its firms trade with international partners. Per Belarus’ Ekonomicheskaya Gazeta, President Alexander Lukashenko could issue a CBDC-related verdict in the coming days....
BRN Metaverse Performs Unprecedented 90% Token Burn, Paving the Way for a New Era in Cryptocurrency
5.12.2023
PRESS RELEASE. [Istanbul- 05.12.2023] – BRN Metaverse, a groundbreaking project at the intersection of Artificial Intelligence, Metaverse and WEB3 Gaming, has officially announced a monumental token burn of 90% with a groundbreaking move. This strategic decision, announced through...
US Financial Services Platform Sofi Announces Exit From Crypto Market
5.12.2023
Starting Dec. 19, the financial services platform Sofi will stop offering crypto services to its customers. Sofi said banking regulators’ increased scrutiny of the crypto sector compelled it to make this decision. The company has outlined the steps that must be taken by customers who...
Ark Invest Sells Another $1.4M Shares of Coinbase, Increases Exposure to Robinhood Amid Crypto Rally
5.12.2023
Source: Ark Invest Instagram Ark Invest, led by Cathie Wood, has once again reshaped its portfolio by selling over $1.4 million worth of Coinbase Global Inc shares. This decision, following a pattern of recent sell-offs, unfolds during a buoyant period in the cryptocurrency space, notably with...
What is the Next Cryptocurrency to Explode in 2024? Top 17 Contenders
4.12.2023
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Many investors are looking for the next crypto to blow up. However, with so many crypto projects in the market, it can be hard to make a definitive...
While Top Coins Stabilize, a Mystery Token Completes Its First Phase with Astonishing Success
4.12.2023
TLDR Bitcoin (BTC) improved despite Swan Bitcoin’s decision to terminate accounts using mixing services. Cosmos (ATOM) gained after Cosmos announced EDEN. A new meme coin joins the best new ICOs list after selling 25 million tokens in record time. Bitcoin (BTC) enthusiasts may have been receiving...
Bitcoin ETF Decision Dates Approach: What to Expect in January
2.12.2023
Image by Parradee, Adobe Stock The Securities and Exchange Commission (SEC)’s move to start a public comment period for spot Bitcoin (BTC) ETF applications earlier than expected has stirred up optimism around the launch of these products. On November 28, the SEC published filings instituting...
Forkast Cuts Majority of Editorial Staff After CryptoSlam Merger
1.12.2023
Source: Pixabay Forkast Labs has laid off a majority of its editorial staff after completing a merger with data provider CryptoSlam. According to sources cited by The Block, the crypto news site underwent a series of layoffs throughout the year, leading to the eventual decision to suspend editorial...
Celo Developer Sets Framework for Layer-2 Decision by January
30.11.2023
Source: Pixabay / jievani Celo’s developer has proposed a comprehensive plan to guide the selection of a Layer-2 technology provider, with a plan to finalize their decision in January 2024. cLabs, the primary developer behind Celo, published a “framework for selecting an L2 stack” on their...
US Spot Bitcoin ETF Market Sees New Entrant as SEC Decision Looms
30.11.2023
Source: Adobe Stock Switzerland-based Pando Asset has emerged as the latest contender in the race to launch a spot Bitcoin ETF in the United States. Joining dozens of other applicants, Pando Asset is seeking to introduce a fund type that has yet to receive approval from the US Securities...
Cardano’s Charles Hoskinson Clashes With Blockstream’s Adam Back Over Crypto Security Classification
28.11.2023
Charles Hoskinson, co-founder of Input Output Global (IOHK) and the Cardano blockchain initiative, recently expressed his frustration in a video over the U.S. regulator’s decision to categorize the cryptocurrency cardano as a security. He’s perplexed and critical about the exemption...
Judge Bars Former Binance CEO From Leaving US as the Court Weighs Government’s Request
28.11.2023
A federal judge has barred former Binance CEO Changpeng Zhao (CZ) from leaving the U.S. until the court has made a decision on the U.S. government’s motion to prevent his return to the United Arab Emirates (UAE) before sentencing. The government filed the motion in response to a release order...
Changpeng Zhao may not leave the US pending court review, says judge
27.11.2023
Pending a review of a motion filed by the U.S. government, the former Binance CEO will not be allowed to return to his home in the United Arab Emirates as he awaits sentencing
Zipmex Thailand Suspends Crypto Trading Citing Compliance With the Country’s SEC Rules
27.11.2023
Image Source: Zipmex Crypto exchange Zipmex Thailand has announced the immediate suspension of digital asset trading until early next year. The decision was made to ensure proper compliance with the criteria set by Thailand’s Securities and Exchange Commission (SEC), the platform wrote in...
Tether and Bitfinex Drop Opposition to FOIL Request
24.11.2023
Stablecoin issuer, Tether, and cryptocurrency exchange, Bitfinex, have decided to drop their opposition to a Freedom of Information Law (FOIL) request made earlier this year by various news outlets. “We have nothing to hide” “Our decision is rooted in our unwavering commitment to transparency...
Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea
24.11.2023
In a decision by the Podgorica High Court, ex-Terraform Labs chief executive Do Hyeong Kwon (Do Kwon) is set to be extradited following his four-month incarceration in Montenegro for fabricating travel papers. The extradition bids originate from both the United States and South Korea, with...
Terra Founder Do Kwon’s Extradition Approved by Montenegrin Court – Here’s the Latest
24.11.2023
Image Source: Reuters A court in Montenegro’s capital, Podgorica, has approved the extradition of Do Kwon, the founder of Terra, to either South Korea or the United States. According to a recent update on the judiciary’s website, the final decision on the country of extradition will...
Crypto Isn’t Going Anywhere: Industry Leaders Optimistic Despite Binance Crackdown
22.11.2023
Source: Adobe / XaMaps Following Binance’s massive $4.3 billion fine and founder and CEO Changpeng “CZ” Zhao’s decision on Tuesday to step down from the company, industry leaders have been reassuring the community that crypto is here to stay, and that it’s likely to come out even...