Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD
Jump Trading and its CEO Kanav Kariya are accused of violating United States regulations and unjust enrichment in the lawsuit.
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Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro
Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean,…
Binance calls it quits in Canada, blames new rules
Binance is the latest in a string of departures from CEO Changpeng Zhao’s home country; it promises to keep working with regulators.
MakerDAO publishes 5-phase roadmap featuring funding for open-source AI projects
DAI stablecoin proprietor MakerDAO offered up an AI-heavy roadmap for the future with plans for a new blockchain.
Fiat-backed stablecoins could be used to post bail in New York under proposed bill
A New York lawmaker has introduced a new bill that proposes to allow certain stablecoins to be accepted as payment for bail.
Tether has $1.5B in Bitcoin reserves: BDO Italia
The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.
DEUS Finance loses $6M following stablecoin hack
The attacker targeted both the BNB Smart Chain and the Arbitrum network. CoinMarketCap data shows that DEI price dropped 30% following the security incident.
Digitalization won’t displace commercial bank money any time soon: Moody’s
Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency says.
Industry heavyweights respond to UK’s crypto asset regulatory framework proposal
HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily welcomed.
Microstrategy Founder Michael Saylor to Argentines: ‘You Need Bitcoin’ — Critics Insist BTC Is Too Volatile
Micheal Saylor, the founder of Microstrategy, has told people living in inflation-stricken Argentina that they now “need bitcoin.” While many bitcoiners have welcomed Saylor’s suggestion, a few critics have said…
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