Kwon's Extradition Confirmed as SEC Trial Approaches
Do Kwon, Terraform Labs' co-founder, faces extradition to the U.S. for charges related to a "multi-billion dollar crypto asset securities fraud" following the 2022 UST collapse.
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This week, the Ethereum spot ETF increased its holdings by 42,073.29 ETH, and Grayscale ETHE reduced its holdings by 13,449.03 ETH
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Gyeonggi Province's Innovative Crackdown on Cryptocurrency Tax Evasion
Gyeonggi Province, South Korea, implements an electronic system to swiftly identify and tax cryptocurrency tax evaders, recovering $4.6 million in owed taxes, setting a precedent in digital asset regulation.
WeiliangRise of Crypto Scams in South Korean Chat App "Reading Rooms"
South Korean police warn of crypto scammers in chat app "reading rooms," deceiving investors with false promises, leading to an investigation and calls for vigilance against such fraudulent schemes.
AlexBitMex Co-Founder Arthur Hayes Criticizes Cardano's DApp Utility
Arthur Hayes criticized Cardano's dApps for lack of utility, engaging in a heated exchange with co-founder Charles Hoskinson, while questioning ADA's value and suggesting Ethereum as a better option.
AlexStartale Labs Raises Additional $3.5 Million in Seed Funding from Samsung and UOB
Startale Labs secures $7M in seed funding from Samsung, UOB, and Sony for Web3 expansion, aiming to lead Web3 adoption in Asia with innovative products and strategic partnerships.
WeiliangInside An Xun: Creating pornographic websites, phishing gambling websites, deceiving national security agencies, selling NATO internal information
Shanghai Anxun Information Company's internal leak on GitHub exposed illegal cybersecurity services, infiltrating government departments globally, and selling sensitive information, sparking calls for industry regulation.
KikyoDCG Criticizes Subsidiary Genesis' Agreement with New York as 'Undermining'
Digital Currency Group disputes Genesis' settlement with NYAG over fraud charges, arguing it unfairly prioritizes certain creditors, challenging legal and regulatory norms in the crypto industry.
BrianBinance's Regulatory Challenges in the Philippines: A Looming Deadline
Philippine regulators threaten to block Binance for operating without a license, raising concerns among the crypto community and testing the exchange's compliance under new leadership amidst global regulatory challenges.
AlexParis Saint-Germain Leads as First Football Club to Approve a Blockchain Initiative
Paris Saint-Germain becomes a blockchain validator for Chiliz Chain, using revenue to buy back PSG fan tokens, pioneering sports clubs' deeper integration into digital economies and cryptocurrency technologies.
MiyukiTexas Cryptocurrency Company Files Lawsuit Against SEC, Seeks Transparent Regulations for Digital Assets in Ongoing Regulatory Dispute
Lejilex and CFAT sue the SEC for overstepping in crypto regulation, seeking clear rules and challenging the classification of digital assets as securities, invoking the major questions doctrine.
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