The South Korean exchange Bithumb is currently in the process of accelerating its proposed KOSPI listing by spinning off its holdings operations into a separate company named Bithumb Investment. The goal is to separate the exchange’s holdings, investments, and real estate operations from its core crypto trading platform, which will continue to be operated by
Blockchain
Recently, Bryan Pellegrino, the co-founder and CEO of MidjourneyLayerZero, came forward with serious allegations against Kyle Davies, the co-founder of the now-defunct Three Arrows Capital (3AC). Pellegrino accused Davies of attempting to persuade his firm to transfer its entire treasury in a last-ditch effort before the liquidation of 3AC. According to Pellegrino, Davies promised better
The recent ruling by the San Diego federal court has brought to light the involvement of Silvergate Bank in aiding fraud at the exchange FTX and its associated trading firm, Alameda Research. Despite Silvergate’s attempt to dismiss the case in June, a federal court judge denied the motion, emphasizing that the bank had a duty
Recently, the Estonian government announced a significant shift in crypto oversight by passing legislation that will transfer regulatory authority to the Financial Supervision Authority (FSA) starting in 2026. This move aims to bring local crypto service providers under stricter regulations in order to better manage the emerging market. The proposed bill includes provisions to enhance
Uzbekistan’s National Agency for Prospective Projects (NAPP) has recently declared a significant change in the fee structure for individuals involved in the crypto market within the country. This decision, made on March 19, 2024, is expected to lead to a doubling of revenue in the sector. The objective behind revising the fee structure is to
As the United States Securities and Exchange Commission (SEC) Chair Gary Gensler faces increased scrutiny over his leadership, the recent hearing by the U.S. House Committee on Financial Services (HCFS) highlighted various concerns regarding the agency’s direction. Members of the committee expressed significant concerns about the SEC’s rapid implementation of new rules and insufficient comment
Coinbase Inc. has found itself in the midst of a legal battle against the U.S. Securities and Exchange Commission (SEC) as they seek to establish clear regulatory guidelines for the crypto industry. Notable supporters, including Paradigm, the Crypto Council for Innovation, and other organizations, have submitted amicus briefs to the circuit court in support of
In a recent development, Sequence, a blockchain-based Web3 game development platform, has teamed up with Google Cloud to offer gaming tools and solutions to Google Cloud users. This strategic collaboration aims to simplify the complexities of Web3 technology and provide a seamless experience for both developers and players. According to Jack Buser, Director for Games
In a groundbreaking collaboration, Australian venture capital firm King River Capital, along with blockchain gaming firm Immutable and Polygon Labs, have come together to launch a $100 million gaming fund. This fund, named the “Inevitable Games Fund,” is set to revolutionize the gaming industry and provide high growth opportunities for investors. According to data from
South Korean regulators recently engaged in discussions with officials from the Association of Southeast Asian Nations (ASEAN) and the Organization for Economic Cooperation and Development (OECD) regarding crypto policy. The event took place in Seoul and was hosted by the Financial Services Commission (FSC) of South Korea. The main focus of the discussions was to
