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    Blockchain

    Sonne Finance Suffers $20M Exploit, Hacker Flees

    Lending protocol Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC.

    Polygon Backed Game ‘Guild of Guardians’ Launches on Google Play and Apple

    Play-to-earn game, Guild of Guardians, is being made available globally on Google Play and the Apple app store, for mobile devices.

    North Korea Laundered $147.5M in Stolen Crypto Through Tornado Cash: UN

    United Nations sanctions monitors noted that North Korea was involved in laundering $147.5 million in stolen cryptocurrency from an exchange. Per a Reuters report, the North Korean perpetrators reportedly laundered the stolen crypto through Tornado Cash crypto platform in March.

    South Korean Tax Body Liquidates Crypto Worth Over $800,000

    The South Korean tax body, the National Tax Service (NTS), has announced it has liquidated previously frozen crypto worth more than $800,000.

    Deutsche Bank Joins Singapore’s Project Guardian Asset Tokenization Project

    Deutsche Bank, a German multinational investment bank, joined Singapore’s Monetary Authority of Singapore’s (MAS) Project Guardian on asset tokenization Tuesday in a press release.

    Former CFTC Chair Christopher Giancarlo Joins Paxos Board of Directors

    Paxos, a leading regulated blockchain and tokenization infrastructure platform, appointed Christopher Giancarlo, the former Chairman of the United States Commodity Futures Trading Commission (CFTC), to its board of directors on May 14.

    Brazil Upholds Crypto Donations Ban for Political Parties and Candidates

    Brazilian authorities have upheld a ban on the use of crypto donations to fund political parties and candidates’ electoral campaigns in the country.

    Coinbase’s Legal Officer Rallying Binance, Ripple, Uniswap Against SEC’s ‘Gaslighting’

    Coinbase Chief Legal Officer Paul Grewal strongly criticized the US Securities and Exchange Commission (SEC) on May 14 regarding the Debt Box case. He also called on other crypto exchanges to query the SEC’s previous actions, considering the far-reaching implications for the sector.

    Labour UK Election Win May Not Derail Conservative Crypto Plans

    The upcoming UK election is swaying towards Labour, but likely won’t change the trajectory of the Conservative’s crypto legislation efforts.

    Spencer Farrar, Partner at Theory Ventures, on Web3 Venture Capital, Funding, and Strategy | Ep. 334

    In a recent exclusive interview with Cryptonews, Spencer Farrar, a Partner at Theory Ventures, talked about the recent difficulty of raising capital and how the Theory team managed to do it.

    Evolution of Digital Art

      TRLab’s Audrey Ou’s exploration into the future of digital art, NFTs, and technology Audrey Ou, CEO and co-founder of TRLab is a frequent speaker on...

    Falcon Labs Settles with CFTC in Landmark Case Over Unregistered Status

    The Commodity Futures Trading Commission (CFTC) has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration.

    South Korean Bithumb Airdrop Recipients Hit With Tax Bills, Exchange Responds

    South Koreans who received airdrop tokens and prizes from the Bithumb crypto exchange from 2018 to 2021 could face unexpected tax bills.

    Uniswap Founder Wants A Reversal To Biden’s Position On Crypto: Here’s Why

    President Joe Biden’s stringent crypto policies could jeopardize his re-election bid, according to Uniswap founder Hayden Adams. On May 13, Adams warned of the potential consequences that the administration could face at the November polls.

    Report Reveals Chinese Workers Converting Earned CBDC To Cash

    Chinese workers are showing a lack of enthusiasm towards the country’s central bank digital currency (CBDC). A report on May 13 revealed that some workers who received their salaries in digital yuan (e-CNY) converted the asset into fiat currency immediately after they were paid, indicating a clear preference for physical cash over the digital alternative.

    Bitfarms Fires CEO Geoffrey Morphy Following $27 Million Lawsuit

    Bitfarms ousted its CEO Geoffrey Morphy on May 13 after he filed a $27 million lawsuit against the company.