The top Argentinian financial regulator says it plans to “supervise” the Latin American nation’s crypto service providers. The National Securities Commission (CNV) said on March 18 that it would “proceed” to police the nation’s trading platforms. It will also create a national registry of crypto platforms, which will likely need to apply for operating licenses....
A South Korean altcoin issuer has been arrested on fraud charges. Prosecutors in the country have accused him of duping investors out of $16.1 million. Per Newsis, the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation Team arrested the unnamed individual on March 19. South Korean Altcoin Issuer ‘Conspired with Market Maker’ The...
Australian venture capital firm King River Capital, blockchain gaming firm Immutable and Polygon Labs have teamed up to launch a $100 million gaming fund. In an announcement, the trio said the new fund dubbed the “Inevitable Games Fund” is a first of its kind “ecosystem-agnostic fund” and will identify high growth opportunities for investors. VC...
Blockchain-based Web3 game development platform Sequence is bringing Web3 gaming tools and solutions to Google Cloud users. In a strategic collaboration with Google Cloud announced Tuesday, Sequence aims to remove the complexity of Web3 technology by offering its full-stack gaming solution to Google Cloud customers. “Sequence gives game developers the freedom to focus on crafting...
Playnance has announced the scheduled launch of PlayBlock, a Layer-3 gaming ecosystem developed on the Arbitrum Orbit. A press release shared with Cryptonews.com revealed that PlayBlock seeks to enhance Playnance’s offerings in the web3 gaming space and attract over 10,000 of daily active users by providing a variety of gaming options. Gaming Network with Enhanced...
Bitcoin experienced a significant price collapse amid continued outflows from Grayscale’s converted GBTC spot Bitcoin ETF. According to data from CoinMarketCap, the leading cryptocurrency dropped to as low as $60,800 on Tuesday, a 17% decline from its all-time high. The decline in Bitcoin price came after a significant outflow of $643 million from the $25 billion Grayscale...
Several supporters have joined Coinbase Inc. in its legal battle against the U.S. Securities and Exchange Commission (SEC) to urge the agency to reconsider its stance on crafting specific crypto regulations for the industry. Notable backers, including Paradigm, the Crypto Council for Innovation, and others, have submitted amicus briefs to the circuit court, bolstering Coinbase’s...
Bitcoin spot ETFs in the United States are showing signs of waning momentum after Tuesday marked their largest daily net outflow since launch. The ten funds suffered cumulative outflows worth $326 million, or 5,117 BTC in total. That’s the second day of outflows in a row, after losing $154.4 million, or 2,293.1 BTC, on Monday....
Apple co-founder Steve Wozniak won his lawsuit against social media giant YouTube for the unintended use of his image in videos promoting a Bitcoin scam in 2020. A San Jose appeals court overturned a previous judgment that cleared YouTube of liability. Appeals Court Rules Against YouTube in Apple Co-founder, Steve Wozniak Scam Case The appeals...
BitMEX is conducting an investigation into an unusual trading activity that caused a flash crash and Bitcoin price drop on its platform. Late on Monday, the price of Bitcoin against Tether’s USDT stablecoin plummeted to as low as $8,900 on BitMEX, while the largest cryptocurrency was trading well above $66,000 on other exchanges. However, the...