Industry
Crypto Scams, Exploits, and Hacks Cost $103M in April
Crypto exploits, exit scams and flash loan attacks showed little sign of stopping in April, stealing more than $103 million from crypto projects and investors that month.Seth RowdenConfidence in Bitcoin 'Strong' After MicroStrategy Reports Q1 Profit
Business Intelligence Platform MicroStrategy Reaffirms Its Commitment to Bitcoin, Investing strategy after posting first quarterly profit since 2020.Herman HayesGary Gensler Links Crypto to Cash in 2018 Viral Video - Crypto Twitter Reacts
The cryptocurrency community accused Gary Gensler, the head of US securities regulators, of what he called hypocrisy after he released a video in 2018 that said cryptocurrencies were on par with commodities or cash, rather than securities.Herman HayesBitcoin Advocates Rally at Texas State Capitol Against Bill to Cut Mining Incentives
About 100 people answered calls from crypto advocacy group the Chamber of Digital Commerce, the Satoshi Action Fund, and the Texas Blockchain Council to show Texas lawmakers that they oppose legislation targeting crypto mining companies.Herman HayesDo Kwon Seeks SEC Dismissal of Charges as South Korea Declares LUNA Non-Securities
Court filings indicate that Terraform Labs co-founder and CEO Do Kwon has asked to have charges brought against him by the US Securities and Exchange Commission (SEC) dismissed.Seth RowdenTerraform Labs co-founder and nine others indicated in South Korea
The financial crimes unit of Seoul's Southern District Prosecutor's Office has reportedly instructed Terraform Labs co-founder Shin Hyun-seong and nine others for damaging the Terra ecosystem.Seth RowdenFrance Considers Fast-Tracking Registered Crypto Firms to Comply with New EU Rules
The country's financial watchdog has considered a “fast track” option for French licensed crypto firms to be regulated under the upcoming Market in Cryptoassets (MiCA) law.Seth RowdenOKX Staff Clarifies "Shell Token" Purchase Query
According to an April 24 post, cryptocurrency exchange OKX does not support the buying and selling of exchange-listed “shell tokens.”Seth RowdenKuCoin Compensates Victims of Brief Twitter Account Hack
The official Twitter account of cryptocurrency exchange KuCoin was recently compromised, causing users to lose funds due to a fake giveaway campaign.Seth RowdenCelsius Auction Has Gemini and Coinbase as New Bidders
Two new consortiums will dispute the assets of bankrupt cryptocurrency lender Celsius Network at an auction scheduled for April 25 in New York. According to reports and court documents, cryptocurrency exchanges Gemini and Coinbase were among the firms that participated in the bidding.Herman HayesCentral Bank of Zimbabwe Issues Gold-Backed Digital Currency:
The Reserve Bank of Zimbabwe will launch a gold-backed digital currency as the country's legal tender.Seth RowdenGoogle's DeepMind reorganization aims for next-gen AI breakthrough
Google and Alphabet CEO Sundar Pichai announced that the two entities within the companies have merged into a new business unit dedicated to developing the next generation of artificial intelligence (AI) breakthroughs and products.Seth RowdenGemini to launch derivatives platform outside the US
US-based cryptocurrency exchange Gemini announced on April 21 the imminent launch of its derivatives platform outside of the US The move comes amid a tightened and uncertain regulatory environment for crypto companies in the country.Seth RowdenChina and Singapore partner to scale up green and transition financing
China and Singapore, the major Asian economies, set up a working group to deepen bilateral cooperation in green finance and transformational finance. The move aims to foster greater collaboration between the public and private sectors to achieve a low-carbon future for the region.Seth RowdenBybit will introduce mandatory KYC requirements starting May 8
Beginning May 8, all products and services offered by cryptocurrency exchange Bybit will be subject to know-your-customer (KYC) authentication. However, exchange users are free to withdraw their cryptocurrencies regardless of KYC status.Seth RowdenDeFi Options Protocol Raises $17M for Buyer's Market
Thetanuts Finance, a decentralized finance (DeFi) protocol offering crypto options contracts, has raised $17 million to provide a buyer's market and expanded token list, according to an April 24 announcement by the team.Seth RowdenCoinbase Files Court Action, Asking SEC to Respond to Rulemaking Petition
Coinbase has filed a lawsuit in the US federal court seeking a "yes or no" response from the country's securities regulator to a petition the exchange has pending since July.Herman HayesCryptocurrency is Dead in America': Tech Billionaire Chamath Palihapitiya
US Regulators Have Killed the Crypto Industry, According to Bitcoin Bull and billionaire tech investor Chamath Palihapitiya.Herman HayesGenesis settlement disrupted by new creditor demands, says DCG
Troubled digital currency firm Genesis Capital found its settlement disrupted by creditors two months after it initially struck a deal, raising concerns about the timing of the process.Seth RowdenEU data watchdog warns of 'hell' scenario for US AI firms
Europe's data watchdog, Wojciech Wiewiórowski, has predicted that US artificial intelligence (AI) companies will be in trouble, now under investigation for alleged violations of the General Data Protection Regulation (GDPR).Seth Rowden
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