Former FTX executive Ryan Salame was granted a delay to his prison reporting date on criminal charges related to his time at the bankrupt crypto exchange, according to a July 30 court filing. Judge Lewis Kaplan agrees to allow former FTX executive Ryan Salame to push back his prison surrender date after he was injured...
The United States Securities and Exchange Commission (SEC) is now sharing information to help crypto victims affected by Do Kwon’s Terraform Labs collapse file compensation claims. According to a post on the SEC’s website, the updated guidance is packed with “information intended to help answer those questions and contact information for questions related to the...
South Korea is preparing to impose a supervisory fee for crypto operators in the country, based on their operating revenue. The Financial Services Commission (FSC) of South Korea implemented the ‘Virtual Asset User Protection Act,‘ effective July 19. Under the legislation, South Korean crypto exchanges are required to pay a regulatory share of around 300...
Ripple is expanding the utility of its XRP Ledger (XRPL) by offering tokenized US Treasury bills (T-bills) onto the platform. The significant move is a part of Ripple’s partnership with OpenEden, a leading provider of tokenized real-world assets (RWA). News alert – tokenization platform @OpenEden_Labs is bringing tokenized US Treasury bills (T-bills) to the #XRPL!...
OKX Ventures, the investment arm of OKX crypto exchange, and Aptos Foundation have initiated a $10 million accelerator fund for projects built on Aptos. The fund aims to bolster widespread Web3 adoption by supporting the growth of infrastructure, social, gaming and DeFi-related projects. OKX Ventures and Alcove, the Aptos’ accelerator launched in November 2023, will...
Senator Bill Hagerty told Fox News’ Eleanor Terrett on Thursday that the stance of the presumed Democratic nominee, Kamala Harris, on crypto is “burdened by what has been” ahead of the 2024 U.S. presidential election. Bill Hagerty Slams Kamala Harris’ Crypto Stance In a July 31 X post from Terrett, the Republican Senator from Tennessee...
The price’s proximity to the 50-day Exponential Moving Average (50 EMA) further emphasizes its role as a significant threshold. Currently, the analysis leans towards a bullish bias above the $65,850 level. Should Bitcoin sustain a movement above this mark, it could trigger a buying trend. Conversely, a drop below this level might shift the market...
US Senator Cynthia Lummis reiterated her proposal for a Bitcoin reserve to assist in reducing the US national debt. It came after the Treasury Department revealed Monday that the US gross national debt surpassed $35 trillion for the first time. This dramatic increase starkly contrasts a debt level of $907b four decades ago. “A strategic...
Starknet-based ZKX Protocol will shut down with all markets delisted and funds returned to users due to financial challenges. According to a July 30 social media post by ZKX founder Eduard, the decision to discontinue operations stems from minimal user engagement, low trading volumes, and insufficient revenue to cover operational costs. ZKX Founder Eduard Announces...
Since the Bitcoin halving event, a noticeable trend has emerged within the mining community: smaller miners are selling their Bitcoin holdings, while larger, publicly traded mining companies are accumulating more Bitcoin, according to Julio Moreno head of research at CryptoQuant. Since the #Bitcoin halving smaller miners are the ones selling; Bigger miners have accumulated. This...