Kraken, the popular crypto exchange, is contesting the United States Internal Revenue Service’s (IRS) demand for critical exchange user information, citing it as an “unjustified treasure hunt.” According to Bloomberg, the crypto exchange has requested federal court intervention in San Francisco to ask the IRS to back off from its demand for customer information. Kraken’s … Continue reading Kraken Fights IRS Over Customer Information
The world of cryptocurrency has seen its fair share of volatile market movements, but none quite as eventful as the launch of the WSB Coin token project. Launched on May 2, by moderators of the popular trading subreddit r/WallStreetBets, the token claimed to be the official memecoin of Wall Street Bets. This subreddit gained notoriety … Continue reading WSB Token Team Member Allegedly Dumps Coins
Tether has reaffirmed its commitment to transparency and announced its completion of reporting obligations to the New York Attorney General’s Office. Under the terms of its 2021 settlement, Tether fulfilled its quarterly reporting requirements for a period of two years. There have been no indications of incomplete disclosures or inadequate reserves during this time, cementing … Continue reading Tether Emphasizes Commitment to Transparency, Releases Reserves Information in Response to CoinDesk's FOIL Request
In a recent Ask Me Anything (AMA) session on Twitter, Ethereum co-founder Vitalik Buterin fielded various questions from the cryptocurrency community. The session largely revolved around the pros and cons of MPC-based (EOA) wallets versus Smart Contract wallets, providing intriguing insight into Buterin’s perspective. Buterin pointedly criticized MPC-based Externally Owned Accounts (EOAs), stating that they … Continue reading Ethereum Co-founder Vitalik Buterin Engages in Spirited Debate on Wallet Security
In Q2 2023, The Open Network (TON) saw a 2.88 million total accounts and 173 million transactions, making it the 14th largest cryptocurrency by market capitalization. TON’s technology, ecosystem, and economy improved significantly, comparable to the previous quarter. TON’s 2023.06 update introduces burn functionality, incinering 50% of network fees, potentially decreasing Toncoin supply. Additionally, a … Continue reading Telegram's TON Q2: Significant Account and Transaction Growth, Deflationary Measures, and Developments in DeFi, NFT, and Cross-Chain Solutions
Cryptocurrency exchange Gemini has filed a reply brief in response to a lawsuit initiated by the United States Securities and Exchange Commission (SEC). The lawsuit, which is being heard in the U.S. District Court for the Southern District of New York, alleges that Gemini’s service, Gemini Earn, violated securities regulations by offering “unregistered securities.” A Robust Defense … Continue reading Gemini Responds to SEC Lawsuit Over Alleged Unregistered Securities
The European Banking Authority (EBA) closed its public consultation on revising guidelines for money laundering and terrorist financing (ML/TF) risk factors on August 31, 2023. The amendments aim to extend the scope to include crypto-asset service providers (CASPs). The EBA proposes common regulatory expectations for CASPs to identify and mitigate ML/TF risks, offering sector-specific guidance. … Continue reading MetaMask Developer ConsenSys Responds to European Banking Authority's Consultation on Anti-Money Laundering Measures
According to Report, the Open Network (TON) Ecosystem witnessed a momentous Q3 2023, marked by extensive user engagement, product launches, and a remarkable alliance with Telegram. The quarter’s highlights reflect a vibrant growth trajectory for TON, encapsulating a range of metrics and strategic moves. The recently introduced TON Stat highlighted a steady growth in TON accounts … Continue reading Report: TON and Telegram Forge Alliance in Q3 2023
Coinbase’s Chief Legal Officer, Paul Grewal, has taken a step towards resolving the ongoing regulatory ambiguity surrounding digital assets. On October 13, 2023, Grewal filed a formal response with the U.S. Court of Appeals for the Third Circuit, urging the court to issue a mandamus order. This legal move seeks to compel the Securities and … Continue reading Coinbase Calls for Judicial Intervention on SEC's Inaction
Bitget, a renowned cryptocurrency derivatives and copy trading platform, celebrated the triumphant teams of its Under 30 Virtual Hackathon on October 16, 2023. This venture is a part of the Blockchain4Youth CSR program aimed at fostering young talents in AI and blockchain technology. The hackathon commenced on August 12 and concluded on September 24, 2023, … Continue reading Bitget U30 Hackathon Recognizes Budding AI and Blockchain Innovators