Industry
US Congressman Rebukes Presidential Adviser Over Crypto Stance in Economic Report
US Congressmen Warren Davidson and Mike Flood have sent a letter to the chairman of the Council of Economic Advisers (CEA) demanding an explanation for a chapter the agency prepared for the "President's Economic Report" that expresses "hostility toward the United States." Viewpoint "Digital Asset Ecosystem."Martha GrizzardCoinbase International Exchange Launches Amid US SEC Cryptocurrency Crackdown
Public cryptocurrency exchange Coinbase is advancing a global derivatives platform as the cryptocurrency industry faces regulatory challenges in the United States.Wayne IngramPoloniex to Pay US Authorities in $7.6M Settlement for 'Apparent Violations' of Sanctions
Cryptocurrency exchange Poloniex has agreed to a $7.6 million settlement over more than 65,000 apparent violations of multiple sanctions programs, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) announced.James DeanTokens, not cryptocurrencies: Nigerian Securities and Exchange Commission prepares new digital asset rules
Nigeria, one of the most curious countries in the world about cryptocurrencies like Bitcoin, is preparing new industry regulations for digital asset platforms.Barry StidhamArbitrum's Chronos hits $217M TVL via staking, becomes 8th largest DEX
Decentralized exchange (DEX) Chronos set a new milestone on May 4, reaching a total value locked (TVL) of $217 million at the time of writing, just seven days after its launch on the Arbitrum blockchain .Craig GreenWallStreetBets mod dumps $635,000 worth of memecoin in so-called rug pull
Moderators of the popular trading subreddit r/WallStreetBets have dumped most of their WSB Coin (WSB), a token project claiming to be the official memecoin of Wall Street Bets.Christopher SmithSecurity Token Platform Launches MPC Wallet for Institutions
Security token platform INX has launched a wallet with institutional compliance features, according to a May 3 announcement.Cornell RachelLevel Finance Confirms $1M in Exploitation of Vulnerable Smart Contracts
Decentralized exchange Level Finance suffered a security breach that allowed attackers to steal more than $1 million in the exchange's native Level Finance (LVL) token.Wayne IngramLiquid staking solution now has more TVL than DEX
Liquid staking solutions like Lido and Rocket Pool now hold more total value locked (TVL) than decentralized exchanges (DEXs), making them the top category of DeFi protocols, according to crypto analytics platform DefiLlama.Hallie GillCrypto 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.Jerry McNeillConfidence 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.Cornell RachelGary 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.Barry StidhamBitcoin 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.Craig GreenDo 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.Christopher SmithTerraform 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.Cornell RachelFrance 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.Martha GrizzardOKX 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.”Wayne IngramKuCoin 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.Hallie GillCelsius 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.James DeanCentral 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.Barry Stidham
