The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced. Source: https://cointelegraph.com/public/index.php/news/south-korean-authorities-raid-upbit-bithumb-crypto-exchanges-after-political-scandal
Month: May 2023
Tether Boasts Record Profits—But Reserve Claims Remain ‘Dubious’, Says Former SEC Attorney
A lively discussion between a former Securities and Exchange Commission enforcement attorney John Reed and Tether’s CTO, Paolo Ardoino, ensued after the attorney tweeted a fierce criticism of the company, beginning with: “IMHO, Tether is a Mammoth House of Cards.” An attorney with nearly two decades at the SEC, Reed is adamant in his distrust of Tether, citing what he…
Community-Driven Blockchain Platform Parex Raises US$ 6․5 Million – Press release Bitcoin News
press release PRESS RELEASE. Parex has successfully developed a community-driven DAO ecosystem through its ParexChain, Parex Wallet, RaccoonSwap, Exchange, and other decentralized applications. The company has secured US$ 6.5 million in a new investment round. The funding was provided by DWF Labs that invested US$ 3 million, and Bitgert Ventures, the investment arm of the cryptocurrency exchange Bitgert which invested…
G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets
The G7 committee recently met in Niigata, Japan, to discuss, among other topics, the global financial implications for central bank digital currencies (CBDCs) and the laws governing the transfer of cryptocurrency assets. In a communique summarizing the discussions, the committee reiterated its support for developing CBDCs with the caveat that further investigation was needed to ensure they are grounded in…
Why Solana Won't Become A Web3 Game Publisher
Solana Foundation’s Games General Manager Johnny Lee tells Decrypt’s Kate Irwin about Solana’s “build together” approach as well as his thoughts on crypto firms becoming game publishers. Source: https://decrypt.co/videos/interviews/RgSzjeSw/why-solana-wont-become-a-web3-game-publisher
Blockchain Fixes This (No, Really)
About the author Graeme Moore is the Head of Tokenization at the Polymesh Association, a not-for-profit dedicated to the growth of the Polymesh blockchain ecosystem. On Tuesday, March 28th, French authorities raided the Paris offices of five major banks—including HSBC, BNP Paribas, and Société Générale—in relation to an ongoing fraud and money laundering investigation where authorities are reportedly looking to…
Irish newspaper apologizes for misleading AI-generated article
A daily newspaper in Ireland released a statement saying it was “deliberately deceived” into believing the identity of a guest writer, which turned out to be AI… Source: https://cointelegraph.com/app/public/index.php/news/irish-newspaper-apologizes-for-misleading-ai-generated-article
LTC, SOL Climb to 1-Week Highs on Monday – Market Updates Bitcoin News
Solana extended recent gains on Monday, as the token rose to a one-week high, following recent declines. The token dropped below the $20.00 level last week, as a red wave hit cryptocurrency markets. Litecoin was also higher today, climbing by nearly 7%. Solana (SOL) Solana (SOL) rose to a one-week high on Monday, as momentum shifted following a recent bear…
South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal
Prosecutors in South Korea raided the offices of two local cryptocurrency exchanges due to investigations surrounding the digital assets of lawmaker Kim Nam-kuk. According to a report from the South Korean news agency Yonhap, a team of prosecutors from the Seoul Southern District Prosecutors Office raided cryptocurrency exchanges Upbit and Bithumb for transaction records and other materials. Kim is said…
Trading for LimeWire Token (LMWR) starts May 16 – deposit now!
We’re thrilled to announce that LimeWire Token (LMWR) is now available on Kraken! Funding and trading LMWR funding is live and trading starts on May 16th. Add LMWR to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Already have LMWR and a Kraken account? Click below to get started ⤵️ LMWR is tradeable via spot…