Category : EthereumWorldNews

EthereumWorldNews

Justin Sun Calls Out Huobi Founder’s Brother For Dumping HT Tokens

Justin Sun has called out the brother of Huobi founder Li Lin for dumping HT tokens.& The Tron founder accused Li Wei of driving down the price of HT tokens by selling the tokens he received for free.& Li Lin has reportedly offered 10x compe...

“We don’t want it” CT Responds To Ledger Recover

Summary: Ledger’s latest update touted as an “additional safety net” received backlash from customers and crypto Twitter commentators.The company’s response on social media left users unconvinced and seemingly did little to address security conc...

MiCA Receives Greenlight From EU Finance Ministers

Summary: 27 member states in the EU’s council wholly supported the bloc’s Markets in Crypto Assets regulation or MiCA during a vote on May 16.European Union ministers also backed new crypto tax laws mandating that operators disclose...

Crypto Community On Edge After Ledger Announces Seed Phrase Recovery Service

Summary: Ledger’s latest firmware update will allow users to split their seed phrase into shards and backup this sensitive information with three custodians including the company itself.Users will have to pay a monthly subscription fee and...

SEC Will Continue Using Enforcement Actions As A Substitute For Rulemaking

The U.S. Securities and Exchange Commission has responded to the mandamus petition filed by Coinbase.& The regulator has indicated that it will continue initiating enforcement actions in the absence of clear crypto regulations.& The SEC has...

SEC Says Jump Trading Secretly Propped Up Do Kwon’s TerraUSD

Court filings by the U.S. SEC claim that Jump Trading entered a secret deal with Do Kwon in 2021.& Jump Trading allegedly propped up Terraform Labs’ TerraUSD stablecoin a year before it collapsed.& The deal allowed TerraUSD to regain its dol...

BlockFi To Liquidate Its Crypto Lending Platform After Failing To Sell

BlockFi has planned to liquidate its crypto lending platform after determining that its the best course of action for creditors.The bankrupt crypto lender’s decision comes after multiple unsuccessful attempts to sell the business.& The firm’s in...

Lido Finance Activates Ethereum Withdrawals With V2 Mainnet Launch

Lido Finance has enabled Ethereum withdrawals after its V2 mainnet went live earlier today.& The community behind the DeFi staking platform passed an on-chain vote to approve the transition to version 2.& Lido’s governance token has gained m...

SEC Could Settle For $111,000 Penalty Instead Of $22 Million In LBRY Case

Summary: Court documents show that the SEC could slash its $22 million fine against crypto company LBRY for alleged violations, per filing made on Friday, May 12.The watchdog said that LRBY broke U.S. securities laws by offering unregistered LCB...

Fake HitBTC Phishing Site Raked In $15 Million In Crypto

Summary: This phishing scammer has stolen funds in Bitcoin, Ether, Shib, and USDST since at least June last year.SlowMist analysis of on-chain data shows that at least $15 million in cryptocurrencies has been drained from HitBTC users.The scamme...

Binance Set To Leave Canadian Market Due To Unfavorable Regulatory Landscape

Binance has announced that it will wind down its operations in Canada.& The crypto exchange cited Canada’s challenging regulatory landscape for the decision to exit.& Binance joins the likes of dYdX and OKX, which have decided to leave the C...

Coinbase Assembles Global Advisory Council Featuring US Politicians & Industry Leaders

Coinbase has established a Global Advisory Council to navigate the regulatory landscape surrounding the crypto industry.& The crypto exchange has tapped former U.S. lawmakers, including a former Senator and a political strategist for the council...

TerraUSD Creator Do Kwon Granted $437,000 Bail In Montenegro

Summary: A Basic Court in Montenegro’s capital Podgorica agreed to bail terms for Do Kwon and a second Terra executive identified as Han Chang-joon.Kwon will be released after paying $437,,000 or €400,000 in bail but he cannot leave his apartmen...

Binance US Seeks To Cut Changpeng Zhao’s Controlling Stake In The Exchange

Binance US and its owner Changpeng Zhao have reportedly been looking for ways to reduce his stake in the exchange.& Zhao launched the crypto exchange’s American arm in 2019 and owns a controlling stake in it.& People familiar with the matter...

U.S. Helps Ukraine Identify Russian Crypto Sanctions Evaders

The U.S. Internal Revenue Service is helping Ukrainian law enforcement to pursue Russian crypto sanctions evaders.& Chainalysis is collaborating with agencies from both nations to track individuals suspected of concealing their wealth using cryp...

Judge Says BlockFi Custodial Account Holders Can Be Repaid $300 Million

A bankruptcy judge has ruled in favor of returning $300 million to the custodial account holders of BlockFi.& The judge denied the crypto lender’s customers from laying claim to an additional $375 million in its interest-bearing accounts.& T...

Memecoin Army Extracts Coinbase Apology After Botched Pepe Newsletter

Summary: DeleteCoinbase trended globally on Twitter following intense backlash from Memecoin Pepe holders.Pepe bulls threatening to close their Coinbase accounts trooped out in the thousands on social media.The reactions charged out after the co...

Do Kwon Denies Using Fake Travel Papers At Montenegro Airport, Requests $437K Bail

Summary: Do Kwon’s lawyers asked the court to grant supervised bail conditions for both defendants – the TerraUSD founder and his colleague Han Chang-joon.Both Terraform Labs executives were arrested in Montenegro’s capital of P...

Memecoin Frenzy: Justin Sun Joins Speculative Trading, Promises To Donate Profits To Charity

Summary: Tron founder Justin Sun said he will “begin actively trading meme coins” as tokens like PEPE are all the rage at the moment.The crypto billionaire will trade with his public address and d to donate all his memecoin trading p...

Marathon Digital Subpoenaed By SEC Over Potential Securities Laws Violation

The Securities and Exchange Commission has subpoenaed Bitcoin mining firm Marathon Digital.& The subpoena is in relation to an investigation into Marathon’s data center in Montana, U.S.The SEC previously subpoenaed the Montana-based facility to...

Top Abu Dhabi Firm Bullish On Crypto And Commodities, Shorts US Equities

Summary: Abu Dhabi’s Royal Group plans to deploy more capital into the crypto industry and commodities, Bloomberg reported citing people familiar with the matter.The investment firm led by United Arab Emirates National Security Adviser She...

3AC’s Su Zhu Answers Arthur Hayes’ Twitter Jabs With Restraining Order

Summary: Three Arrows Capital (3AC) co-founder Su Zhu was granted a restraining order from a Singapore court against BitMEX founder Arthur Hayes.Hayes claimed that Zhu and his co-founder Kyle Davies owe $6 million after their crypto hedge fund 3...

Bitcoin Inscription With Ordinals Token Cache Scooped For Nearly $1 Million

Summary: A trader splurged almost $1 million buying Bitcoin Inscription #5232025 amid growing debates about congestion on the BTC network.This particular BTC Inscription holds 50,000 ORDI coins, the native asset of Ordinals Protocol which was cr...

Jane Street And Jump Crypto Are Retreating From U.S. Crypto Market

Jane Street Group and Jump Trading are reportedly retreating from crypto trading in the United States.& The top market makers decided to retreat in light of the crackdown on crypto by U.S. regulators.& Jane Street will also scale down its cr...

Digital Currency Group Wants To Refinance $1.7 Billion Debt Owed To Genesis

The Digital Currency Group is looking to refinance the $1.7 billion debt it owes to its bankrupt subsidiary Genesis.& Barry Silbert’s crypto behemoth is in talks with investors to raise capital to facilitate further growth.& DCG has indicate...

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