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Binance Crypto Dominance Declines, Empowering Rivals Huobi And OKX
Binance is now facing another major challenge as a recent study by research firm Kaiko revealed that rival exchanges Huobi and OKX benefited from Binance’s decision to curtail its zero-fee promotion. Subsequently, the crypto exchange saw its market share drop in the spot trading of digital assets. The study highlights the impact of Binance’s decision…
Read MoreTerra Founder Do Kwon Buys His Way Out Of Jail In Montenegro
What an unexpected development: Terra Luna founder Do Kwon has bought his way out of jail in Montenegro, using his own assets to do so. According to local media, Do Kwon accepted the offered bail of 400,000 euros (about $435,000) each for himself and his relative Hon Chand Jun. Both are accused of forging documents…
Read MoreBinance.US Considers Reducing Founder Changpeng Zhao’s Control Amid Regulatory Scrutiny
Amid the continuous regulatory scrutiny, Binance.US, the American arm of the world’s largest cryptocurrency exchange, has disclosed it is now contemplating cutting down founder Changpeng Zhao’s (CZ) majority stake in the company. This move comes in response to regulators targeting the exchange. And according to the report, this latest move is in the favor of…
Read MoreNew Twitter CEO A Dogecoin Lover? Profile Reveals A Surprise
Still-Twitter CEO Elon Musk has found a successor for himself, Bitcoinist reported yesterday – but what about her Dogecoin love? The billionaire wrote in a tweet that a successor has been found and she will take over his role as X / Twitter CEO in about six weeks. Musk did not initially mention a name.…
Read MoreSEC Is Acting Unfairly Against Crypto Firms Says US Chamber of Commerce
The United States Chamber of Commerce has filed a brief criticizing the Securities and Exchange Commission’s (SEC) actions against crypto companies. 1/ BREAKING: The U.S. Chamber of Commerce has just filed a brief in the @Coinbase v. SEC case, calling out the SEC for acting “unlawfully” in the digital asset space. This is The U.S.…
Read MoreBlockFi Customers Lose Battle To Recover $300 Million, U.S. Judge Says
Things could worsen for BlockFi users as a United States judge rules against a petition to recover over $300 million in Bitcoin. The failed crypto company filed for bankruptcy in late 2022 following a widespread collapse of lenders in the sector. As in most cases, when a company undergoes bankruptcy, users are the most affected.…
Read MoreUS Regulatory Inaction Hindering Crypto Investment, Says Ripple Policy Head
Many notable figures, including Coinbase CEO Armstrong, have raised concerns regarding the regulatory uncertainty in the US crypto industry. They even emphasized its impact on innovation, investment opportunities, and job loss. According to Ripple policy head Susan Friedman, crypto industry players are escaping the US to regions like Dubai with clear regulatory guidelines. In her…
Read MoreFormer SEC Bigwig Takes Aim At Tether: Why USDT’s Days May Be Numbered
Former US Securities and Exchange Commission (SEC) official John Reed Stark has issued a warning about Tether, the world’s largest stablecoin emitter, USDT. In his opinion, Tether could be the next domino to fall, and its promise of transparency and audits may not be enough to prevent that from happening. Is Tether’s Future In Jeopardy?…
Read MoreChina Establishes Blockchain Centre To Train 500,000
China inaugurated its national blockchain center recently in Beijing and this newly established national research center aims to play a pivotal role in developing the country’s Web 3 industry. The research center has already set a target to train at least 500,000 proficient professionals. It will reportedly foster partnerships with local universities, think tanks, and…
Read MoreTerra Co-Founder’s Trial Is Set, Do Kwon Awaits Extradition
The court cases in South Korea against the Terra Luna founders continue to move forward. While Do Kwon is still in jail in Montenegro awaiting extradition, the other Terra founder Shin Hyun-seong, better known as Daniel Shin, is scheduled to appear in Seoul’s Southern District Court on May 26 for his first day of trial,…
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