Editor's Choice
Six Chinese citizens were arrested on Jeju Island for attacking a crypto trader and stealing 689 thousand dollars during a Tether (USDT) stablecoin exchange on January 16 💸
Six Chinese citizens were arrested on Jeju Island in South Korea for stealing 689 thousand dollars during a Tether stablecoin exchange. They attacked a crypto trader known as A and stole the money, claiming that they had become victims of fraud. Two were arrested at a hotel, three at the airport, and one at another exchange. The police seized 369 million won but are looking for the remaining funds. The detainees deny the charges, stating that they initially planned to exchange Korean won for Chinese currency.
Coinbase accused the FDIC of concealing cryptocurrency "cease and desist letters" in the case, stating that the agency failed to provide all documents and then requested further investigation ⚖️
Paul Grewal, the Chief Legal Officer of Coinbase, accused the FDIC of document manipulation after the agency admitted it only searched for "cease and desist letters" for a specific period. In response, the FDIC claims it complied with the request by handing over all relevant documents. However, History Associates asserts that the agency may have concealed additional letters and intends to file new charges in court. Senator Cynthia Lummis threatened criminal charges if the allegations of document destruction are confirmed.
The World Liberty Financial project, supported by Donald Trump, bought 14,403 Ethereum for $48 million, increasing its holdings to 33,630 ETH amid the strengthening of the token against Bitcoin 💰
Donald Trump's crypto project, World Liberty Financial, acquired 14,403 Ethereum (ETH) worth $48 million, increasing its holdings to 33,630 ETH, which is over $107 million. This happened amid Ethereum strengthening against Bitcoin, with the ETH/BTC exchange rate rising by 0.79 percent. In the last 24 hours, the price of Ethereum fluctuated between $3,133 and $3,439, and is currently around $3,230. Eric Trump, Donald Trump’s son, hinted that the platform would soon make important announcements.
TikTok is blocked in the US: the Supreme Court's decision supported the ban due to national security threats, ByteDance must sell the app or face a full ban 🛑
TikTok is blocked in the US by the Supreme Court's decision, which upheld the ban, stating that it is necessary for national security protection and to prevent the collection of data on Americans by the Chinese company ByteDance. Under the new law, the company is required to sell the app, but it refuses. Donald Trump proposed a 90-day delay for negotiations. While Elon Musk criticizes the ban as a violation of free speech, users are actively moving to YouTube. TikTok's future in the US remains uncertain.
The SEC has filed a lawsuit against Nova Labs for selling unregistered securities and misleading investors regarding the use of the Helium network by large companies ⚖️
Crypto.com has received preliminary approval to obtain the MiCA license to operate in the EU, ensuring a unified regulation of the cryptocurrency market across the European Union 🚀
Michael Llewellyn has filed a lawsuit against the U.S. Department of Justice, accusing it of stifling innovation in the cryptocurrency space and prosecuting developers for publishing blockchain project code 👨💻
In Johor Bahru, a 61-year-old woman lost 460,888 ringgits as a result of a bitcoin investment scam through the PFOU platform, hoping for a profit of 5.5 million ringgits 💸
WazirX has frozen $3 million in USDT to recover stolen funds after the $230 million hacker attack, continuing efforts to compensate users for losses 🔒
Digital Currency Group and Michael Moro will pay a fine of $38.5 million for misleading investors about the financial situation of Genesis Global Capital after the default of Three Arrows Capital 💸
Ontario Teachers’ Pension Plan (OTPP) is facing a lawsuit for failures in due diligence when investing $95 million in FTX, accusing the fund of underestimating the management and security risks of the crypto exchange ⚖️
TikTok warned of a possible shutdown in the U.S. starting January 19 if Biden does not provide protection for Apple and Google from sanctions following the Supreme Court's decision on national security 🚫
California legislator Philip Chen, in collaboration with Proof of Workforce, is preparing a bill aimed at supporting Bitcoin and developing cryptocurrency policy for the state 🌐
California lawmaker Philip Chen, in collaboration with the organization Proof of Workforce, is preparing a bill aimed at supporting Bitcoin in the state. The initiative includes the development of a policy for the upcoming legislative session. Chen noted that, although the details of the project are not yet determined, Bitcoin, with its market value of $2 trillion, continues to grow in popularity, and it is important to explore its role in California's economy.
Donald Trump proposed the creation of a strategic Bitcoin reserve (SBR): the USA may begin purchasing cryptocurrency to protect against inflation and currency devaluation, despite concerns about the stability of the dollar 💰
Donald Trump proposed the creation of a strategic Bitcoin reserve (SBR), within which the USA would purchase Bitcoin in large volumes as a strategic reserve. Senator Cynthia Lummis suggested buying 200,000 Bitcoins annually. The goal of the SBR is to protect the economy from inflation, as the supply of Bitcoin is limited. However, there are concerns that this could undermine confidence in the dollar and cause financial instability due to Bitcoin's high volatility. Against the backdrop of the growing role of cryptocurrencies in the global economy, the SBR idea could become part of a broader shift in the world economic order.
The law firm Burwick has filed a lawsuit against the Pump.fun platform for investor losses and the spread of illegal content, including violence and racism, after a sharp 66 percent drop in revenue ⚖️
The law firm Burwick has filed a lawsuit against the memecoin platform Pump.fun on behalf of investors who lost money on the service. The platform, which earned hundreds of millions of dollars in commissions, has been criticized for spreading illegal content, including violence and racism, as well as for the anonymity of its creator. In response to the allegations, Pump.fun suspended its streaming. By the end of November, its revenues fell by 66 percent, and in December, the British regulator blocked access to the platform.
Jio Platforms plans to add Web3 features to its apps through a partnership with the Polygon blockchain, despite a 40 percent drop in the price of Polygon tokens over the last year 🔗
Jio Platforms, the largest mobile operator in India with 448 million active users, has announced its intention to integrate Web3 technologies into its applications through a partnership with the Polygon blockchain. While specific project details have not yet been disclosed, this move promises a significant contribution to the development of Web3 in India. Despite a 40 percent decline in the price of Polygon tokens over the past year, its high user activity could play a key role in the successful integration of new technologies among Jio's wide audience.
Best news of the last 10 days
Crypto.com will donate $1 million to assist the firefighters and rescuers of Los Angeles in dealing with the aftermath of the wildfires in California and ensuring safety in the future 🔥
Coinbase launches Bitcoin-collateralized loans in the US: users will be able to borrow up to $100,000 in USDC, using Bitcoin as collateral through the Ethereum Base network with flexible terms and no fees 🔗
Tether introduces the new stablecoin USDT0 on the Layer 2 blockchain Kraken Ink, improving compatibility and liquidity of USDT across blockchains using the LayerZero standard 🌐
Upbit risks facing sanctions in South Korea due to 700,000 KYC and AML violations: potential suspension of new user registrations and investigation of international transactions ⚖️
The bill in Arkansas limits cryptocurrency mining within a 30-mile radius of military installations, including bases, hospitals, and arsenals, with an exemption for facilities built before December 31 📅
A bill has been proposed in Arkansas that bans cryptocurrency mining within a 30-mile radius of military installations, including bases, camps, and hospitals. The bill will affect a cryptocurrency mining center under construction in Cabot near an Air Force base, which has raised concerns from local authorities due to the noise. Opponents of the bill argue that it would make Arkansas the only state with such restrictions. The bill includes an exemption for facilities built before December 31.
Boerse Stuttgart increased its cryptocurrency trading to 25 percent of its total revenue, managing assets worth 4.3 billion euros and serving over a million customers on the platform 👥
Boerse Stuttgart reported a significant increase in cryptocurrency trading, which now accounts for 25 percent of the company's total revenue. In 2024, the exchange nearly tripled its cryptocurrency trading volume, managing assets worth 4.3 billion euros. The CEO of the company, Matthias Foelkel, highlighted the success achieved through five years of platform development and emphasized confidence in the future of blockchain technology and cryptocurrencies. The exchange now serves over a million customers.
Thailand is considering allowing the listing of Bitcoin ETFs on local exchanges, which will provide access to cryptocurrency investments for both private and institutional investors 📈
Thailand is considering allowing the listing of Bitcoin ETFs on local exchanges, which would help the country become a hub for digital assets. The SEC is evaluating the possibility of investing in local Bitcoin ETFs for both private and institutional investors. This decision aligns with the efforts of other countries in the region, such as Singapore and Hong Kong, which are creating favorable conditions for cryptocurrencies. Cryptocurrency companies, including Binance, are viewing Thailand as a promising market for growth.
The SEC has postponed its decision on Bitwise's application to convert its crypto index fund into an ETF until March 3, while Osprey Funds terminated the deal with Bitwise and plans to convert OBTC into an ETF 📅
The SEC has postponed its decision on Bitwise's application to convert its crypto index fund into an ETF, extending the deadline to March 3. The fund includes BTC, ETH, XRP, SOL, ADA, and other cryptocurrencies. Similar delays are expected to affect Grayscale's applications as well. At the same time, Osprey Funds announced the termination of the deal with Bitwise to acquire OBTC assets and intends to convert its Bitcoin Trust into an ETF without waiting for all the necessary regulatory approvals.