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  1. The decision to extradite Do Kwon to either the US or South Korea has been returned to the High Court after the Court of Appeal in Montenegro granted an appeal by the Terraform Labs' Co-Founder and his lawyers.

    Kwon's Appeal Granted

    Montenegrin news outlet Vijesti reported today (Friday) that the country’s Court of Appeal accepted the arguments from Kwon’s lawyers. This action

    ...
  2. As cryptocurrency enthusiasts eagerly await the approval of a physically-backed Ethereum (ETH) exchange-traded fund (ETF) in the US, London has also seen a groundbreaking development.

    The UK’s Financial Conduct Authority (FCA) has approved two crypto

    ...
  3. As the decision on US Ethereum exchange-traded funds (ETFs) is approaching, BlackRock, Grayscale, and Bitwise amended their applications with the Securities and Exchange Commission (SEC) yesterday (Wednesday), removing the provisions for staking.

    No Staking Yields for Ether ETFs

    ...

  4. The US Securities and Exchange Commission (SEC) approved applications from major exchanges, including Nasdaq, CBOE, and the NYSE, to list exchange-traded funds tied to the price of ether today (Thursday). This approval potentially opens the door for these products to begin trading later this year.

    Issuers to Seek Regulatory Approval

    Nine issuers, including VanEck,

    ...
  5. Federal officials have initiated the process to transfer Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, to a new prison despite his preference to remain in New York to assist in preparing his appeal.

    Prison Transfer Despite New York Preference

    According to a report by the Wall Street Journal today (Wednesday), this decision was made by overriding Bankman-Fried's

    ...
  6. Crypto exchange Bybit has surpassed 30 million registered users globally. The exchange, one of the largest in terms of spot volumes, has increased its customer base by 10 million over the last six months.

    Bybit Surpasses 30 Million Registered Users

    At the end of November last year, Bybit celebrated its fifth anniversary and boasted a very high rate of new user acquisition, which

    ...
  7. One selling point for Bitcoin is that it is politically neutral. After all, it's a ledger, decentralized, and wherever we each fall on the political spectrum, we all need to keep track of our own funds. That’s not to say everyone thinks Bitcoin is the best way to do this, but the neutrality of the technology itself looked like an area on which it was easy to find agreement.

    But

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  8. Gracy Chen, a seasoned entrepreneur with a decade of experience in business management, marketing, and investment, has been appointed as the new Chief Executive Officer (CEO) of the crypto exchange Bitget. She will succeed Sandra Lou, who is stepping down to pursue personal business goals.

    Gracy Chen Takes the Helm as Bitget's

    ...
  9. If you have any semblance of interest in cryptocurrency trading, you should’ve already heard that the Ethereum ETF approval by the SEC (Securities and Exchange Commission) is well on its way. Cryptocurrency investors are about to get the opportunity to buy into some brand new exchnage-listed products in the coming days or weeks, pending final confirmation from the regulator.

    The

    ...
  10. Ex-Revolut employees have launched Zeal, a DeFi wallet and crypto debit card that allows users to spend cryptocurrencies directly on everyday purchases. The launch follows a strategic partnership and $2 million investment from Gnosis, which aims to seamlessly integrate Web3 financial rails into existing payment experiences.

    Ex-Revoluter Launch Zeal: A DeFi Wallet and Crypto Debit

    ...
  11. Singaporean woman, Wen Jian, has been sentenced to six years and eight months in prison by a London court for her role in laundering Bitcoin (BTC) tied to a staggering $6.4 billion Chinese fraud.

    The case, which involved the seizure of over 61,000 BTC by the UK police, has shed light on the growing prevalence of cryptocurrency in global financial crimes.

    Singaporean

    ...
  12. OKX withdrew its license application to provide virtual asset services in Hong Kong and plans to discontinue centralized virtual asset trading services for users in the region. In a statement on its website, the cryptocurrency exchange said that it withdrew its VASP license application and will discontinue centralized virtual asset trading services for Hong Kong residents effective May 31,

    ...
  13. Muinmos and Blade Labs have partnered to set new compliance standards in the Web3 space by integrating Muinmos' Client Onboarding Platform into Blade Labs' Digital Asset Platform. The collaboration aims to simplify the onboarding process and address the challenges faced by compliance officers in the digital assets landscape.

    Muinmos, Blade Labs Partner to Standardize Web3

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  14. Hong Kong is considering allowing staking for exchange-traded funds (ETFs) investing directly in ether. The Securities and Futures Commission (SFC) of Hong Kong is engaging the city’s cryptocurrency ETF issuers about providing staking services through licensed platforms, The Business Times reported.

    Passive Crypto Income

    This potential regulatory change could open a new source of

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  15. Argo Blockchain, a publicly-listed cryptocurrency mining company, announced its unaudited financial results for the first quarter of 2024, which showed an improvement compared to the same period last year. The company reported a revenue of $16.8 million, a 4% increase from the previous quarter, and a threefold reduction in net loss to $3.2 million. Compared to last year, revenues grew by

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