The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds for personal use.
Decentral Block Post
Naira redesign no more: President’s directive canned by Nigerian supreme court
The supreme court of Nigeria says no to naira redesign, rules the old banknotes to remain in circulation.
Babel wants to repay creditors via special ‘recovery coins’: Report
Babel reportedly owes $524 million worth of Bitcoin, Ether and other tokens due to “risky trading activities” by co-founder Wang Li.
Here’s how Binance is mitigating its stablecoin needs after BUSD ban
The recent action from Binance comes in the wake of the NYDFS ordering BUSD issuer Paxos to stop minting new coins.
Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities
Local police in Singapore sent an email on Monday saying that they have begun a probe connected to Do Kwon’s Terraform Labs.
Iran completes pre-pilot phase of central bank digital currency
The Central Bank of Iran progresses with CBDC development in anticipation of the Bank of Russia’s governor Elvira Nabiullina’s visit.
Internal documents reveal Australia's potential timeline for crypto legislation: Report
Internal documents from the Australian Treasury Department have revealed crypto legislation in the country could be a year away at the very least.
Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report
The SEC chairman was approached by Binance in 2018 and 2019, while teaching at the Massachusetts Institute of Technology.
'Sorry for spreading a rumor', says podcaster on Lido's FUD
David Hoffman apologized for spreading rumors about what he called a "Wells Notice Carpet Bombing" targeting crypto firms.
Can blockchain help combat climate change?
Blockchain’s transparency and traceability can aid sustainability and reduce carbon emissions for climate change.
Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges
Following the temporary suspension from Ukraine’s central bank, crypto exchanges like Binance and Kuna made official announcements informing investors about the inconvenience.
Monetary policy of cryptocurrencies, explained
Monetary policy for cryptocurrencies is a game-changer — with fixed supplies and decentralized control, they challenge traditional monetary policy tools.
The crypto industry has 'already started' moving outside US, says Ripple CEO
Ripple's CEO Brad Garlinghouse stated that if the SEC is able to “prevail” in its case against Ripple there will be a lot "of other cases" brought forward.
CZ denounces false rumor 'widely' spread on China's WeChat
A Metamask security analyst stated it was the “2023 adaptation of attempted market manipulation.”
Fears over Silvergate, $8B hole at FTX, senators seek Binance’s numbers: Hodler’s Digest, Feb. 26 – March 4
Delay in Silvergate’s financials sparks fears over bankruptcy, FTX reports $8.6B deficit and Binance’s balance sheet sought by U.S. senators.
Silvergate closes Exchange Network, releases $9.9M to BlockFi
The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision.
India explores offline functionality of CBDCs: RBI executive director
In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.
Senators renew call for EPA investigation of crypto mining emissions data
Sen. Edward Markey and Rep. Jared Huffman want miners to disclose emissions data and the EPA to lead an investigation of their impact.
Solana faces 'lack of appetite' from US regulators, says Austin Federa
The Solana Foundation's head of strategy said he had heard from projects facing “pretty draconian” rules in the European Union related to liability of illicit crypto transactions.
How do the Fed’s interest rates impact the crypto market?
Cointelegraph analyst and writer Marcel Pechman explains how the U.S. Federal Reserve’s interest rates impact the crypto market.