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    Blockchain

    Trust Reserve Stablecoin Team Detained in China: PANews

    A Trust Reserve stablecoin team was detained by police in China on May 29, according to PANews. 

    Hong Kong and UAE Central Banks Join Forces on Crypto Regulations

    Both Hong Kong and the United Arab Emirates (UAE) have strengthened ties after their respective central banks (CBUAE) and monetary authorities (HKMA) agreed to join forces on crypto regulation earlier this week.

    The U.S. Justice Department Awaits Bahamas Response Regarding New Charges Against Sam Bankman-Fried

    The US Justice Department (DOJ) may drop some of the charges against the disgraced former FTX CEO Sam Bankman-Fried if authorities in the Bahamas objects to them.

    Crypto Too Risky for ‘Most’ Russians, Says Finance Ministry – But Could Be ‘Suitable’ for ‘Some’

    Crypto is too risky for “most” Russians, the nation’s Finance Ministry has claimed. But the ministry claimed tokens could be “suitable” for “professional investors.”

    Coinbase CEO Criticizes US Lawmakers, Regulators Over Regulatory Approach, Warns of Upcoming Innovation in China

    Coinbase CEO Brian Armstrong criticized US lawmakers and regulators over their approach to bringing “regulatory clarity” to cryptocurrency and warned that innovation is moving offshore.

    Binance in Talks To Let Traders Keep Collateral at a Bank: Bloomberg

    Binance, the world’s largest crypto exchange, is in the midst of discussing a proposal to let some of its institutional clients keep their trading collateral at a bank, instead of with the crypto platform, according to Bloomberg News. 

    US Regulator Issues Warning for Firms Providing Clearings Services for Crypto

    A US regulator warned firms on Tuesday of the risks that come with the clearing of digital assets.  

    Solana’s Blockchain May Become ‘Apple of Crypto’, Says Co-founder

    The Solana (SOL) blockchain could become the crypto world’s equivalent of tech giant Apple given its strong focus on user experience, according to Solana co-founder Raj Gokal.

    Former Coinbase Manager and His Brother Agree To Settle SEC Insider Trading Charges

    A former Coinbase manager and his brother have agreed to settle insider trading charges brought by a US regulator.

    Huobi HK Starts Offering Crypto Spot Trading to Hong Kong’s Retail and Institutional Clients Amid New License Submission

    Crypto exchange Huobi is moving forward with its Hong Kong expansion plans. 

    Hacker Robs Tornado Cash, Launders Loot Through the Same Service

    The hacker who hijacked currency mixer Tornado Cash has returned control of the protocol to the team. 

    Binance Readies Japan-Focused Crypto Platform, Set for Summer Launch

    Binance has begun the process of transitioning Japanese users of its international crypto exchange to a specialized local platform, the company confirmed in a blog post on Friday. 

    Fantom Blockchain to Return 15% of Gas Fees to Boost Network Usage – Here’s What You Need to Know

    The Fantom (FTM) blockchain has introduced a new initiative called the "dApp Gas Monetization Program," aiming to reward projects that utilize its network and contribute to increased gas fee usage.

    Binance Crypto Exchange Appoints Richard Teng to Lead All Regional Markets Outside US

    The world’s largest crypto exchange, Binance, has appointed Richard Teng, a traditional finance (TradFi) veteran with strong regulatory experience, as its head of all regional markets outside of the US.

    Russian Government Switching Gears — No Longer Plans To Create a National Crypto Exchange

    The Russian government is switching gears as it no longer plans to create a national cryptocurrency exchange, and instead will write rules for multiple crypto exchanges, according to a local news site. 

    Bank of Japan Releases CBDC Report and Launched Its Pilot Program As Other Countries Gain Steam

    The Bank of Japan released the results and findings of a report on central bank digital currencies