The United States Treasury Department has identified over-the-counter (OTC) cryptocurrency traders who assisted North Korea’s Lazarus Group in converting stolen crypto into fiat currency. Crypto traders in China and Hong Kong have been sanctioned by the Treasury’s Office of Foreign Assets Control (OFAC). In addition, a China-based banker was sanctioned for coordinating some of the illicit cashflow. Wu Huihui was…
Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent enforcement action by the U.S. Securities and Exchange Commission (SEC) against…
Bitcoin outflows hit $53.1 million last week—meaning that, for the first time in six weeks, more funds flowed out of digital asset investment products than in. Profit-taking is largely to blame, especially considering there were few macroeconomic triggers that could influence BTC’s price, says a new report from digital asset investment firm CoinShares. And that would suggest that meaningfully staying…
Thetanuts Finance, a decentralized finance (DeFi) protocol offering crypto options contracts, has raised $17 million to offer a buy-side marketplace and expanded list of coins, according to an April 24 announcement from the team. Thetanuts Finance has completed a $17M institutional funding round led by @Polychain, @HyperchainC & @Magnus_fund, supporting our ambition to create a thriving two-way altcoin option market…
press release PRESS RELEASE. ETH Boston and The Boston DAO are thrilled to announce the return of ETH Boston, a conference and hackathon event taking place at Boston University on April 28-30, 2023. The conference will feature three stages of 50+ industry experts, founders, and builders, technology-specific workshops, networking events, and a hackathon. We are excited to bring to you…
Last week, the Markets in Crypto-Assets Act, also known as MiCA, was finally passed by the European Parliament. While MiCA technically still has to be approved by the European Council, there’s little doubt that the world’s first comprehensive crypto framework will become a reality by 2024 or 2025. Despite its flaws, the regulation will establish guidelines for the operation, structure…
Bitcoin’s downward trend continues to bite, with the cryptocurrency currently trading at around $27,500—down over 9% in the past week, per data from CoinGecko. The decline in BTC erased Bitcoin’s early April gains above $30,000, moving below the previous month’s closing value of around $28,500. Other leading cryptocurrencies also slipped over the past week, with the majority of the top…
The price of Ethereum’s Ether (ETH) token has retreated from its recovery trend versus Bitcoin (BTC) while making a series of lower highs in April. ETH price risks more losses vs. Bitcoin As of April 24, the ETH/BTC pair was down about 5.5% from its local high of 0.0709 BTC six days ago. The same period witnessed Ether declining nearly…
The digital euro will aim to “complement” cash and mimic its best features, a European central banker has told lawmakers, but it may not afford the same level of privacy. Appearing before the Committee on Economic and Monetary Affairs at the European Parliament on Monday, Fabio Panetta emphasized that there was no intention “whatsoever” to withdraw cash as a means…
Starting May 8, Know Your Customer (KYC) identity verification will be mandatory for all products and services offered by cryptocurrency exchange Bybit. According to an Apr. 24 update, Bybit users who have not completed KYC by May 8 can only “close existing open positions or orders, return loans, or withdraw. Any new trading activities will be restricted.” Before the update,…
