Key Takeaways In a surprising update, the U.S. Securities and Exchange Commission (SEC) shed light on the recent breach of its official Twitter account (formerly X), attributing the incident to a SIM swap attack. This disclosure unravels the mystery surrounding…
Key Takeaways Saddam Azlan Salim, a state senator in Virginia, has presented Senate Bill 339 (SB 339), aimed at preventing state authorities from hindering citizens in engaging in various cryptocurrency and bitcoin-related activities. Introduced on January 9, the bill addresses…
Key Takeaways Terraform Labs, the firm at the center of the TerraUSD (UST) collapse, has entered Chapter 11 bankruptcy protection in the United States, seeking solace as it faces a cascade of legal challenges. The Singapore-based company, co-founded by crypto…
Key Takeaways Nasdaq and Cboe have submitted 19b-4 filings with the Securities and Exchange Commission (SEC) to amend listing rules, seeking approval to trade options on Bitcoin exchange-traded funds (ETFs). The SEC acknowledged these proposals on January 19, marking a…
Key Takeaways The Commodity Futures Trading Commission (CFTC) has launched legal proceedings against crypto platform Debiex, exposing a sophisticated romance fraud scheme that led to the misappropriation of $2.3 million, predominantly from Asian American victims. The CFTC’s statement on Friday…
Key Takeaways The decentralized exchange (DEX) arena is witnessing a significant shake-up as dYdX (DYDX), running on the Cosmos blockchain, takes the lead, displacing Uniswap from its longstanding position. With an impressive 24-hour trading volume of $757 million for its…
Key Takeaways The highly-anticipated legal clash between cryptocurrency exchange Coinbase and the U.S. Securities and Exchange Commission (SEC) unfolded in a federal court, where Coinbase seeks the dismissal of a lawsuit filed by the SEC in June 2023. The regulatory…
Key Takeaways In a move aimed at tackling the misuse of crypto-assets in illicit financial activities, the European Banking Authority (EBA) has expanded the European Union’s Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) guidelines to now include crypto-asset service providers…
Key Takeaways Hong Kong-based cryptocurrency exchange HashKey has triumphantly revealed that it has not only met but surpassed its ambitious fundraising target of $100 million. The company, in an announcement on Tuesday, shared that the feat was accomplished through the…
Key Takeaways Amidst a backdrop of regulatory uncertainties, TrueUSD (TUSD), a stablecoin associated with blockchain entrepreneur Justin Sun, has experienced a drop below its $1 peg. Reports suggest that holders are opting to cash out hundreds of millions of dollars’…
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