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Report: Terraform Labs Co-Founder Indicted on Fraud Charges in South Korea

Report: Terraform Labs Co-Founder Indicted on Fraud Charges in South KoreaRecent local reports have brought to light that Shin Hyun-seong, also known as Daniel Shin, co-founder of Terraform Labs, has been indicted by the Seoul Southern District Prosecutors’ Office on charges of fraud. Along with nine others, Shin is suspected of deceiving investors and accumulating around 460 billion won ($350M) before the Terra project ultimately […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax DocumentsTaxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams

British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto ScamsOn March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner

Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From PartnerOn March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire Transfer Withdrawals Open Until March 10 The cryptocurrency exchange Bybit, […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code Scanner

Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code ScannerThe bitcoin hardware wallet manufacturer Coinkite has announced the launch of a new product, the Coldcard Q1, which features a QWERTY keyboard and QR code scanner. Coinkite details that the battery-powered device utilizes the same security model as the Coldcard Mk4. Coinkite Introduces the Coldcard Q1 Over the past three months, companies have unveiled new […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

FTX Discovers $5.5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real Estate

FTX Discovers .5B in Liquid Assets — Debtors Explore Ways to Maximize Recovery via Potential Sale of Subsidiaries, Real EstateOn Jan. 17, 2023, FTX Trading Ltd. and affiliated debtors updated the public and detailed that the firm’s current administrators have discovered $5.5 billion of liquid assets to date. Top-level executives, including the new FTX CEO and chief restructuring officer, John J. Ray III, met with the bankruptcy case’s committee of unsecured creditors to share […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China

Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to ChinaA newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China. Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’ According to a study […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Ledger Reveals New Crypto Hardware Wallet Designed by iPod Creator Tony Fadell

Ledger Reveals New Crypto Hardware Wallet Designed by iPod Creator Tony FadellOn Tuesday, the hardware wallet manufacturer Ledger announced the launch of a new device called Ledger Stax. The machine was designed by iPod creator, Tony Fadell, and the France-based firm Ledger says the new device was built with “uncompromisingly secure architecture.” iPod Creator Tony Fadell Partners With Ledger to Launch a New Crypto Hardware Wallet […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe