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    Blockchain

    Citadel Securities Suing Two Former Employees After They Left To Form a Crypto Firm

    Citadel Securities is suing two former employees after they left to form a cryptocurrency market-making firm. 

    Serial Scammer Uses Advanced Laundering Techniques to Clean Stolen Crypto Worth $15 Million – Here’s What You Need to Know

    A scammer or group of scammers have used a fake phishing version of the crypto exchange HitBTC’s website to steal some $15 million worth of crypto.

    New Chinese Blockchain Pivot as Beijing Vows to Train 500,000 ‘Experts’

    China is gearing up for another blockchain technology push after promising to train half a million new “experts” to work in the sector.

    Ripple CEO Accuses US Regulator of ‘Hypocrisy’ on Twitter

    Ripple CEO Brad Garlinghouse did not hold back on Twitter in criticizing the US Securities and Exchange Commission for its “hypocrisy” in public statements about the cryptocurrency industry.

    US Sen. Cynthia Lummis Criticizes Signature Bank Executive for Blaming Crypto for Its Downfall

    Sen. Cynthia Lummis said she found it disappointing that a former crypto-friendly Signature Bank executive is not taking the blame for the failed bank, while criticizing his wordiness about crypto. 

    CoinShares Report: Digital Asset Fund Outflows Reach $200 Million

    Crypto-backed investment funds saw net outflows for the 4th consecutive week last week, bringing the total outflows for the 4-week period to $200 million, CoinShares’ latest crypto fund flows report showed.

    EU Countries Officially Approve MiCA Crypto Regulation Rules – Here’s What You Need to Know

    On May 16, the European Union states gave the final nod to the world's first comprehensive set of rules to regulate crypto assets, known as the Markets in Crypto-Assets (MiCA) regulation. 

    Bloomberg Analyst: Crypto Faced Its Own Set of Bank Runs Alongside the Wider Economy

    Despite being a disruptive force which pits itself in opposition to traditional finance, crypto has also witnessed its own series of bank runs, and some observers believe future runs of what some call 'crypto shadow banks' could become more destructive, according to Matt Levine, an opinion columnist for Bloomberg.

    SEC to Judge: Deny Coinbase’s Call for Cryptocurrency Rule Explanation

    The US Securities and Exchange Commission has asked a judge to reject Coinbase’s request to compel the commission to respond to a rule-making petition that asked for clearer crypto regulation guidelines.

    Former Signature Bank Chairman Said the Bank Cut Back on Digital Asset Deposits in Wake of Volatility

    Crypto-friendly Signature Bank “significantly’ cut back on digital asset deposits in the wake of increased volatility and regulators' concerns at the end of last year, said the former chairman and co-founder of the now-shuttered bank. 

    Paraguay Police Raid Unearths 300 Stolen BTC Mining Rigs

    Police have recovered 300 Bitcoin (BTC) mining rigs stolen from a farm in Paraguay, following a major operation conducted by the nation’s Anti-Kidnapping Department (DAS).

    G7 Nations Must Do More to Stop North Korea Crypto Hacks, Japan Suggests

    Not enough is being done to stop North Korea hacking crypto, Japanese government leaders have hinted at the latest G7 central bank governors and finance ministers’ summit.

    SEC Chair Gensler Argues That Rules Already Exist To Regulate Crypto in Light of Coinbase Pushback

    US Securities and Exchange Commission’s Chair Gary Gensler pushed back against Coinbase’s call to have the agency propose and adopt rules for digital assets.

    MiCA: A Catalyst for Increased VC Funding in European Crypto Startups

    The European Union’s new regulatory framework for crypto, MiCA, will make European crypto startups far more attractive to investors, one expert has argued.

    SEC Chair Says Crypto Intermediaries Are Rife With Conflict and Urges Compliance

    The US Securities and Exchange Commission stands ready to help crypto intermediaries come into compliance, said the agency’s Chair Gary Gensler.

    CBDCs Banned in Florida as Governor Ron DeSantis Signs New Bill

    Florida Governor Ron DeSantis has signed a new bill banning central bank digital currencies (CBDCs) in the state.