A high court in the United Kingdom recently set aside a proprietary injunction that was issued against the crypto exchange Binance. In its application challenging the injunction, Binance said the action had been taken without notice. Binance also said it could not comply with the injunction since it was granted after the fraudulently acquired crypto assets in question were moved.…
The government of Kazakhstan has received 3.07 billion tenge (approximately $7 million) in tax payments from crypto mining entities in 2022, following the implementation of an amended law regulating the fiscal burden of mining cryptocurrencies, according to the local media reports. Preliminary data from the government for 2023 shows that mining fees collected by April 27 totaled 240 million tenge –…
After the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in insider trading. Two sources have claimed that the securities regulator is scrutinizing the bank’s executives for making trades using confidential information. Although the sources have not named any specific individuals under investigation, they assert…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Layer-1 blockchain network Sui has already positioned itself as one of the most appealing destinations for Web3 game developers—despite being the newest to the game so far. Polygon, Immutable, Avalanche, and Solana have growing Web3 gaming ecosystems with a wide variety of games in all stages of development. But…
Illustration by Mitchell Preffer for Decrypt. After posting small gains last weekend, the price growth of crypto market leaders Bitcoin (BTC) and Ethereum (ETH) slowed to effectively nothing this week. Bitcoin remains at the level it was this time last weekend, hovering around $28.820, a decrease of about 5% from its April high of $30,979 set nearly three weeks ago…
Since April 18, 2023, the total value locked (TVL) in decentralized finance (defi) has been fluctuating just below the $50 billion threshold. As of today, the TVL amounts to $49.31 billion, registering a 1% increase within the last 24 hours. TVL in Defi Shows Signs of Improvement, Yet to Surpass Previous Record of $53 Billion Currently, the combined TVL across…
Quadratic funding is a new approach to crowdfunding that incentivizes smaller contributions and promotes the funding of diverse, high-quality projects. Source: https://cointelegraph.com/explained/quadratic-funding-the-future-of-crowdfunding-explained
The DOJ’s national security and crime divisions are both looking at the cryptocurrency exchange’s provision of services to Russians, Bloomberg reports. Source: https://cointelegraph.com/app/public/index.php/news/us-justice-department-investigating-binance-for-violating-russian-sanctions-report
The DOJ’s national security and crime divisions are both looking at the cryptocurrency exchange’s provision of services to Russians, Bloomberg reports. Source: https://cointelegraph.com/public/index.php/news/us-justice-department-investigating-binance-for-violating-russian-sanctions-report
Bitcoin (BTC) saw fresh volatility on May 6 as low-liquidity weekend trading tested the mettle of its trading range. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin “in limbo” despite volatili Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding over $1,000, or 3%, in a matter of hours on the day. The largest cryptocurrency saw livelier conditions typical…
