LFG
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bob wrote a new post
1 year ago
Terraform Labs Co-Founder Requests Dismissal of SEC Lawsuit, Denies Wrongdoing
Terraform Labs co-founder Do Kwon and his legal team have requested a United States district judge to dismiss the securities and fraud suit filed by the federal securities regulator. They argue that the Securities…
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1 year agoMultiple Rug Pulls Shake Crypto Market on Halloween
In a shocking turn of events on Halloween, the crypto community was rocked by a series of rug pulls, which are a type of cryptocurrency scam. These rug pulls involve sudden drops in the value of specific tokens,…
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1 year agoSBF Faces Intense Cross-Examination in FTX Trial
The cross-examination of Sam Bankman-Fried (SBF), CEO of FTX, intensified during the fifth week of the high-stakes trial. SBF faced tough questioning about his involvement in the collapse of FTX and Alameda…
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1 year agoUK Unveils Regulatory Framework for Crypto Assets, Embracing Innovation and Consumer Protection
In a significant development for the crypto industry, the United Kingdom’s His Majesty’s Treasury (HMT) has released an update on the regulatory framework for crypto assets. The announcement demonstrates the UK’…
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1 year agoBillionaire Investor Stanley Druckenmiller Acknowledges Bitcoin's Brand Value and Expresses Regret for Not Owning Any
Billionaire investor Stanley Druckenmiller recently praised Bitcoin for establishing itself as a recognizable brand over the past 17 years. In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller…
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1 year agoFTX Founder Testifies in Criminal Trial, Contradicts Former Executives' Testimonies
Last week, the criminal trial of FTX founder and CEO Sam “SBF” Bankman-Fried continued in New York. Bankman-Fried testified in his defense, claiming that he had no knowledge of the creation of North Dimension, an…
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1 year agoTerraform Labs Co-founder Faces Trial for Investor Fraud and Security Questions
The trial of Terraform Labs co-founder Shin Hyun-Seong and seven others has begun in Seoul, South Korea. Shin is accused of defrauding investors, and the question of whether Luna is a security is also being…
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1 year agoUncertainty Surrounds Future of CBDCs in Hong Kong as Pilot Program Concludes
The Hong Kong Monetary Authority (HKMA) has concluded the first pilot project of the e-HKD, a retail central bank digital currency (CBDC), but remains undecided on whether to introduce it. While CBDCs have the…
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1 year agoUS Crypto Regulations: Misinformation Threatens Industry Growth and Trust in Institutions
Following the tragic events in Israel in October, a narrative emerged linking Hamas funding to cryptocurrencies. The Wall Street Journal published a story on October 10, authored by Angus Berwick and Ian Talley,…
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1 year agoUK Treasury Finalizes Regulatory Approach to Crypto and Stablecoins
The UK Treasury has finalized its regulatory approach to the crypto industry, with a phased introduction set to begin in early 2024. The first phase will focus on regulating fiat-backed stablecoins, which are…
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1 year agoVanEck's Amended ETF Filing Introduces Unique Bitcoin Seeding Approach as BTC Nears $35K
Asset management firm VanEck has amended its spot Bitcoin exchange-traded fund (ETF) application with the U.S. Securities and Exchange Commission (SEC). The amended filing reveals a unique seeding method, where the…
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1 year agoUK Government Outlines Regulatory Framework for Stablecoins
Bitget, a prominent cryptocurrency derivatives and copy trading platform, has recently announced its plans to list TIA, the native cryptocurrency of Celestia’s blockchain ecosystem. This move positions Bitget as o…
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1 year agoUK Government Outlines Phased Regulation of Fiat-Backed Stablecoins
The UK government has released a policy update outlining the regulation of fiat-backed stablecoins in the country. The update focuses on two areas: the use of stablecoins in payment chains and their issuance and…
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1 year agoUniswap Foundation Transfers $40 Million Worth of UNI Tokens to Crypto Exchanges
Uniswap Foundation has transferred nearly 10 million UNI tokens, worth over $40 million, to various crypto exchanges in the past week. According to blockchain analyst Lookonchain, 3.4 million UNI tokens were sent…
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1 year agoUK Government Plans to Regulate Fiat-Backed Stablecoins Under FCA Authority
The United Kingdom government has released an update on its plans to regulate fiat-backed stablecoins. The aim is to facilitate and regulate the use of these stablecoins in the country’s payment chains. The g…
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1 year agoSingapore's Central Bank Partners with European Countries and Japan for Crypto Initiatives
The Monetary Authority of Singapore (MAS) has announced its plans to collaborate with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA), and the United…
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1 year agoZodia Custody Expands Crypto Services to Hong Kong Amid Rising Institutional Demand
Zodia Custody, a crypto custody platform co-owned by Standard Chartered, SBI Holdings, and Northern Trust, has expanded its services to Hong Kong. This move comes in response to the increasing demand for crypto…
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1 year agoKraken to Share 42,000 Users' Data with IRS in Compliance with Court Order
United States-based cryptocurrency exchange Kraken has announced that it will comply with a court order to share the data of 42,000 users with the Internal Revenue Service (IRS). The court order, issued by the…
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1 year agoMillions in Crypto Stolen from LastPass Users in Recent Data Breach
At least 25 individuals have reportedly fallen victim to a data breach that affected password storage software LastPass, resulting in the loss of $4.4 million in cryptocurrency across 80 wallets. The breach…
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1 year agoMillions in Crypto Assets Stolen from LastPass Users in Recent Hack
Users of the LastPass password manager application have suffered a significant loss of $4.4 million worth of crypto assets in a single day. This comes a year after LastPass disclosed a previous security breach…
