Industry
Hong Kong court rules cryptocurrencies are property
A Hong Kong-based court has recognized cryptocurrencies as custodial property in a ruling involving defunct cryptocurrency exchange Gatecoin.Seth RowdenLack of stablecoin regulation could drive issuers out of the US
US lawmakers discussed the role of stablecoins at a committee hearing, but some experts expressed concern about the country's regulatory environment.Herman HayesSociete Generale subsidiary launches euro-pegged stablecoin on Ethereum
Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale, has launched EUR CoinVertible, a euro-pegged stablecoin for qualified institutional clients.Seth RowdenMetaMask denies claims it exploited wallets in 'massive' $10M hack
Cryptocurrency wallet provider MetaMask denies claims that the exploit of its wallet was the result of a "massive wallet drain operation" that has claimed over 5,000 Ether.Seth RowdenBlockchain Project TON Launches Ethereum Bridge
The TON Foundation - a non-profit association of developers and enthusiasts behind The Open Network (TON) - has announced the launch of a two-way bridge to facilitate the transfer of ERC-20 tokens from Ethereum to natively wrapped fungible tokens. Coins (Jettons) in tons.Seth RowdenSleeping BTC whale wakes up, sends $60M for first time in 9 years
A Bitcoin wallet that had been inactive for over nine years recently sent out 2,071.5 BTC (worth over $60 million).Seth RowdenTesla did not sell BTC in the first quarter of 2023
Electric car giant Tesla did not buy or sell any bitcoins in the first quarter of 2023. The company last traded in the second quarter of 2022, when it sold 75% of its BTC holdings in response to rising production costs.Seth RowdenDogecoin (DOGE) Active Addresses Cross 100K for First Time in 9 Months
Dogecoin (DOGE) the OG meme coin is up about 30 percent since the start of the month. It is trading above $0.09 and is currently rising on the back of Elon Musk’s tweet about his Starship launch attempt.Seth RowdenTerra co-founder Do Kwon reportedly indicated for falsifying documents
Prosecutors in Montenegro reportedly filed an indictment against Terra co-founder Do Kwon following his arrest in late March.Herman HayesIndustry leaders and policymakers react to passage of MiCA in the EU
While the crypto-focused regulatory framework still needs approval from the European Council before final adoption, many in the space have reacted positively to the advancement of the Markets in Cryptoassets (MiCA) bill.Herman HayesCrypto Exchange Roqqu Gets South African Approval to Expand Business
Nigerian cryptocurrency exchange Roqqu has received regulatory approval to operate in South Africa, allowing users to buy cryptocurrencies and withdraw funds using the country's fiat currency, the South African rand, local media reported.Herman HayesSEC's Attempt at 'Brute Force' Crypto Regulation Is 'Bad Policy'
The SEC has come under increasing criticism as the agency remains relentless in its war on cryptocurrencies.Herman HayesProof of Reserves' bill passes Texas House of Representatives
The Texas House of Representatives approved a bill on April 20 requiring cryptocurrency exchanges to maintain reserves “sufficient to meet all obligations to customers.”Herman HayesResearchers Find Cryptocurrency "Maturity Profile" Similar to Stock Market
A pair of computer science researchers recently published preprint research showing that the nascent cryptocurrency market is starting to show a similar level of maturity to traditional stock markets.Herman HayesDeFi fuels zkSync growth as 1inch deploys on Ethereum layer 2 scaling platform
Decentralized finance protocol 1inch has deployed its aggregation and limit order protocol on Ethereum layer 2 scaling solution zkSync Era to take advantage of faster and cheaper transactions.Seth RowdenTransUnion starts offering identity-protected credit scores for DeFi lending
TransUnion, one of the three major US credit reporting agencies, announced on April 20 that it will begin providing credit scores to public blockchain networks. Off-chain credit data was previously unavailable to Web3 and decentralized finance (DeFi) applications.Seth RowdenWorst Code I've Ever Seen': Euro Stablecoin Faces Centralization Criticism
France has come under fire for releasing a new euro-pegged stablecoin due to its decision to restrict peer-to-peer transactions.Seth RowdenTerraform Labs co-founder Do Kwon faces lawsuit from Montenegro
Montenegrin prosecutors have filed an indictment proposal against Terraform Labs co-founder Do Kwon, Bloomberg Law reported, citing Montenegrin newspaper Vijesti.Seth RowdenCoinbase could face years-long court battle with SEC, CEO warns
U.S. cryptocurrency exchange Coinbase is preparing to file a lawsuit with the U.S. Securities and Exchange Commission after regulators warned the company could violate securities laws,Seth RowdenMicrosoft is developing its own AI chip to power ChatGP
According to a report from The Information, Microsoft has been secretly developing its own artificial intelligence (AI) chip in response to rising development costs both internally and through the OpenAI project.Seth Rowden
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