Category: crypto

FTX creditor Lidia Favario has expressed concerns about excessive spending by bankruptcy managers overseeing the defunct exchange’s proceedings, citing extravagant expenses by law firms and financial advisory firms. Another creditor, Sunil Kavuri, warned about scam emails targeting FTX creditors, advising recipients to rely only on the official claims portal for updates.

AlphaOptions OI has experienced a significant drop, indicating a shift towards cautious trading in the market. This is evidenced by lower open interest and high put volume, reflecting traders’ concerns amidst Bitcoin’s volatile movements.

Kazakhstan has cracked down on illegal crypto exchanges in 2024, liquidating 36 unauthorized platforms with a combined turnover of over $100 million. Concerns over money laundering prompted these actions, with authorities seizing millions in USDT and dismantling crypto pyramid schemes. Kazakhstan has introduced legislative amendments to hold digital asset providers accountable for AML violations. Despite…

South Korea is planning to relax crypto trading restrictions for institutional investors, starting with allowing non-profit organizations to participate. The Financial Services Commission aims to align with global regulations by introducing new guidelines on crypto listing, stablecoins, and operational conduct. The government also plans to revise the Special Financial Transactions Act to assess the eligibility…

Judge Failla granted Coinbase’s motion for an interlocutory appeal in their lawsuit against the SEC, allowing them to appeal accusations to the Second Circuit of the US Court of Appeals. This decision has been celebrated by the crypto community and legal experts, as it could clarify the application of securities laws to digital asset transactions.

Ripple has partnered with Chainlink to provide pricing data for its RLUSD stablecoin. RLUSD, pegged to the US dollar, operates on XRP Ledger and Ethereum with a market capitalization of $77 million. The integration with Chainlink’s technology enhances RLUSD’s functionality for DeFi applications, making accurate data accessible for developers.

The Governor of the Czech National Bank is considering adding Bitcoin to diversify reserves, alongside stocks, bonds, gold, and cash deposits. The bank plans to hold 100 tons of gold within four years. Michl emphasized the importance of understanding investments and the need for financial education, while also mentioning recent legislation on crypto income exemptions.

Ethereum co-founder Vitalik Buterin reflects on the progress of decentralized and democratic differential defensive acceleration (d/acc) one year after its introduction. The initiative focuses on defensive technologies that empower individuals and communities without relying on centralized authorities. The movement has gained traction in various technology sectors and aims to distribute power and prevent monopolization by…

Meta is replacing its fact-checking program with a user-driven “Community Notes” system to provide context for potentially misleading posts. CEO Mark Zuckerberg aims to simplify content moderation policies and address bias concerns by empowering diverse users to shape information. The crypto community supports Meta’s shift towards decentralized moderation.

Rostin Behnam, Chair of the CFTC, will resign on Jan. 20. He oversaw regulatory developments in cryptocurrencies, emphasizing the need for comprehensive regulation. The CFTC led enforcement actions in the crypto sector, including fines against Binance and settlement with Gemini founders. Possible successors include pro-crypto candidates like Brian Quintenz.