Industry
Following Binance, Coinbase Lawsuits, Latam Crypto Holders Flock to Bitget
Cryptocurrency exchange Bitget has seen a surge in new accounts in Latin America after US regulators filed lawsuits against archrivals Binance and Coinbase.Christopher SmithNigeria Imposes 10% Capital Gains Tax on Crypto Assets
Former Nigerian President Muhammadu Buhari signed the Finance Act 2023 into law on the eve of leaving office on May 28.Hallie GillNigerian Regulator Stops Binance Operations
It's been a rough week for cryptocurrency exchange Binance. On June 9, it was reported that the Nigerian securities regulator had deemed the exchange illegal, days after Binance was sued by the SEC.Martha GrizzardOoki DAO to Shut Down After 'Precedent-Setting' Court Fight With CFTC
A US district judge has issued a default judgment ordering Ooki DAO to permanently shut down and pay a $643,542 civil penalty. The Commodity Futures Trading Commission (CFTC) originally filed a lawsuit against Ooki DAO in September 2022Jerry McNeillQuantum miners will save blockchain 'significant' energy
A pair of scientists from the School of Computing at the University of Kent in the UK recently conducted a study comparing the energy consumption rates of current ASIC-based miners with proposed quantum-based solutions.James DeanRobinhood will end support for 3 tokens mentioned in SEC lawsuit
Cryptocurrency and stock trading app Robinhood has announced it will end support for Cardano, Polygon and Solana all tokens flagged by the US Securities and Exchange Commission (SEC)Craig GreenScammers Steal Nearly $1M After Hijacking 8+ Prominent Crypto Twitter Accounts
Over the past few weeks, a group of scammers has hijacked more than eight Twitter accounts belonging to well-known figures in the crypto space to promote phishing scams.Christopher SmithSEC Can't Find Binance CEO Changpeng Zhao, Asks Court to Provide “Alternative Services”
The US Securities and Exchange Commission (SEC) is seeking “alternative services” from the US District Court in Washington, DC, to issue a legal subpoena to the CEO of cryptocurrency exchange Binance, Changpeng Zhao.James DeanUS court rejects Fed's motion to dismiss custodian bank case
The custodian bank took a step forward in its legal battle with the Fed as a federal judge in Wyoming rejected motions to fire both the central bank and the Kansas City Fed.Sherry CantwellUS House Committee Publishes Draft of New Stablecoin Bill
The us house of reprerentatives Financial Services CommittehaS Released the Third DRAFT of the Stablecoin Bill Presented by ITS Chairman, RepreSentative Patric. K McHenry.Cornell RachelWorld Mobile eyes Africa rollout after scattered wireless field tests
Decentralized wireless (DeWi) network operator World Mobile said on June 8 that it has completed field tests of its DeWi technology in Kenya, Mozambique and Nigeria, bringing it closer to a full rollout on the continent.Sherry CantwellSmall business lending protocol Defactor tokenizes $100 million in bonds
Decentralized finance (DeFi) lending platform Defactor Labs said on June 6 that it tokenized $100 million worth of alpha bonds using the ERC-3643 token standard.Craig GreenGameStop NFTs Back in the Spotlight After Partnering with Illuvium
On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer goods retailer GameStop to launch a series of 20,000 non-fungible tokens (NFTs) starting June 12.Martha GrizzardGameStop Fires CEO Matt Furlong Months After Canceling Encryption Push
GameStop has fired its CEO, Matt Furlong, the executive responsible for pushing the company's move into non-fungible tokens (NFTs).Hallie GillUS Federal Court Dismisses Lawsuit Against DeFi Platform PoolTogether
A US judge recently dismissed a lawsuit against decentralized finance (DeFi) platform PoolTogether. According to the ruling, the federal court system is not the right place to express concerns about DeFi startups.Jerry McNeillNFT Platform Enjin Forks Polkadot Parachain Efinity to New Mainnet
Non-fungible token (NFT) platform Enjin has announced its transition to a new mainnet called the Enjin Blockchain, aimed at furthering Web3 adoption. Following the transition, its Polkadot parachain called Efinity forked to the new blockchain.Sherry CantwellHyperPlay raises $12 million in Series A funding
On June 8, Web3-native game publisher HyperPlay said it closed a Series A funding round after raising $12 million from investors, including co-leads Griffin Gaming Partners and Bitkraft Ventures.James DeanSubsocial Chat Implements Ethereum Usernames, Polygon Donations
Subsocial network-based chat app Grill.chat has now implemented Ethereum Virtual Machine (EVM) wallet compatibility, allowing users to chat using their Ethereum identities and send cryptocurrencies to each other via Polygon, according to a June 7 announcement.Barry StidhamJPMorgan uses blockchain for 24/7 USD transfers with Indian banks
Global financial services firm JPMorgan continues to explore the benefits of blockchain, deploying the technology to remove some of the constraints of traditional finance.Cornell RachelSEC Complaint Hints at Why Brian Brooks Resigned as Binance US CEO
The latest SEC complaint against Binance may point to why former Binance.US CEO Brian Brooks chose to step down in August 2021, just three months after his appointment.Martha Grizzard
