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Policy
Binance Executive's Family Speaks Out Amid Detention in Nigeria
Yuki Gambaryan, the wife of detained Binance executive Tigran Gambaryan, recently shared the emotional toll of her husband's imprisonment on their children. In a heart-wrenching moment, her son spotted an airplane and asked if his father was on it. Yuki spoke about the difficulties of shielding her kids from the harsh reality of their father's situation, who has been detained in Nigeria since Feb…
Oct. 1, 2024, 1:34 p.m.
Policy
US Court Rules in Favour of SEC Against Crypto Wallet Provider Rivetz
In a recent court ruling, a US District Judge has sided with the Securities and Exchange Commission (SEC) in its case against the now-defunct cryptocurrency wallet provider, Rivetz, which allegedly sold unregistered securities. The court's decision, made without proceeding to trial, was based on evidence presented. Judge Mark Mastroianni ordered the SEC to confer with Rivetz's CEO, Steven Sprague…
Oct. 1, 2024, 11:06 a.m.
Policy
Circle Collaborates with Mark Carnegie to Introduce USDC in Australia
Circle has announced a strategic partnership with MHC Digital Group, led by venture capitalist Mark Carnegie, to bring its stablecoin, USDC, to Australia and the broader Asia Pacific region. This collaboration aims to increase USDC's distribution in the area and explore various institutional use cases, leveraging Carnegie's company offices in Australia and Singapore. According to Circle's Chief B…
Oct. 1, 2024, 8:48 a.m.
Policy
Coin Center Founder Jerry Brito to Step Down After a Decade at the Helm
Jerry Brito, the inaugural executive director of the prominent crypto advocacy and research group Coin Center, has announced that he will be stepping down from his role by the end of the year. He will, however, retain his seat on the board. Similarly, Robin Weisman, the organization's senior policy counsel, will also be leaving her position but will remain on the board of directors. Peter Van Val…
Sept. 30, 2024, 8:25 p.m.
Policy
US Voters Increasingly Prioritize Candidates With Crypto Expertise
The 2024 US elections are witnessing a growing emphasis on cryptocurrency, with a new poll highlighting the rising importance of crypto knowledge among likely voters. Conducted by Harris Poll and sponsored by Grayscale, the survey shows that 77% of over 1,800 likely voters believe presidential candidates should be well-informed about cutting-edge technologies like artificial intelligence and cryp…
Sept. 30, 2024, 1 p.m.
Policy
UK Man Admits to Running Unlawful Cryptocurrency ATM Network
In a significant development, Olumide Osunkoya has admitted to operating a cryptocurrency ATM network illegally, as stated in a recent press release by the Financial Conduct Authority. This guilty plea marks a historic first in the UK for such an offense. Osunkoya, aged 45, pleaded guilty to five counts during a hearing at Westminster Magistrates' Court. The charges stem from his operation of cry…
Sept. 30, 2024, 12:53 p.m.
Policy
Ex-Finance Minister of China Highlights Importance of Cryptocurrency in Digital Economy
Zhu Guangyao, the former finance minister of China, emphasized the need for the government to thoroughly study the cryptocurrency sector, taking into account recent remarks made during the US presidential campaign. According to Sina News, Zhu stated that while crypto poses risks and negative consequences for capital markets, it is also a vital component of digital economy development, and thus wo…
Sept. 30, 2024, 5:16 a.m.
Policy
Changpeng 'CZ' Zhao, Binance Founder, Released from Custody
Changpeng 'CZ' Zhao, the founder of Binance, has been released from custody, as confirmed by the U.S. Bureau of Prisons. His release occurred two days prior to his scheduled date of September 29. According to the BOP, prisoners can be released early if their scheduled release date falls on a weekend or holiday. In April, Zhao was sentenced to four months in prison for violating the Bank Secrecy A…
Sept. 27, 2024, 9:35 p.m.
Policy
Mango Markets Reaches Settlement with SEC, Agrees to Eliminate MNGO Tokens
The US Securities and Exchange Commission has announced a settlement with Mango DAO, Mango Labs LLC, and Blockworks Foundation, resolving allegations that the MNGO token constituted an unregistered security and that the entities provided unregistered broker services. As part of the agreement, the entities will destroy their MNGO tokens, request that cryptocurrency exchanges cease trading the toke…
Sept. 27, 2024, 7:21 p.m.
Policy
U.K. Authorities Accuse Sorare of Operating Unlicensed Gaming Services
A prominent fantasy sports company, Sorare, is facing charges in the U.K. for allegedly providing unlicensed gaming facilities, marking the regulator's inaugural move against a blockchain-based entity. The Paris-based firm offers fantasy soccer, basketball, and baseball games, enabling users to purchase and trade unique digital collectibles, known as non-fungible tokens (NFTs), which serve as one…
Sept. 27, 2024, 2:21 p.m.