Highlights: President Biden vetoed a bill to overturn the SEC’s SAB 121, emphasizing consumer and investor protection. SAB 121 mandates financial institutions to record crypto assets as liabilities, facing opposition…
Key Insights: OpenAI will utilize Oracle Cloud Infrastructure to expand its AI operations. Oracle’s Gen2 AI infrastructure is now a key player in supporting large AI innovations. OCI Supercluster scales…
Key Insights: DMM Bitcoin lost 4,502.9 BTC worth $305 million in a major hack. The exchange has restricted spot buys and warned of delays in yen withdrawals. DMM Bitcoin guarantees…
Key Insights: Ryan Salame, ex-FTX co-CEO, sentenced to 90 months in prison for financial crimes. Salame ordered to pay over $11 million in forfeiture and restitution combined. Charges included unlicensed…
Key Insights: The new Turkish regulation requires crypto exchanges to obtain licenses from the Capital Markets Board to ensure secure trading. Unauthorized crypto service providers face severe penalties, including imprisonment…
Key Insights: Jian Wen, once a fast-food worker, was sentenced for laundering Bitcoin worth millions as part of a larger $5.6 billion fraud. The court highlighted Wen’s rapid lifestyle shift…
Key Insights: Grayscale’s amended filing removes staking from its Ethereum ETF plan, aligning with industry trends. The SEC’s proactive feedback prompts issuers like Grayscale and Fidelity to exclude staking from…
Key Insights: Finiko Executive Liliya Nurieva was sentenced to three years for her involvement in the Finiko crypto scam. Finiko defrauded investors out of approximately $1.1 billion using a Ponzi…
Key Insights: Genesis Global will return $3 billion in cryptocurrency and cash to customers following court approval. In the repayment plan, creditors, including federal and state regulators, will have priority…
Key Insights: Ilya Sutskever, OpenAI’s co-founder, has left to pursue a new project that holds personal significance. Jakub Pachocki takes over as OpenAI’s Chief Scientist following Sutskever’s recent departure. Sutskever’s…
Key Insights: Rain Crypto Exchange confirms no customer losses following a $14.8 million theft, ensuring continued secure services and full fund safety. Enhanced security measures implemented swiftly by Rain post-breach…
Key Insights Canadian regulators fined Binance $4.3 million for not registering as a foreign money services business and neglecting transaction reporting. FINTRAC discovered that Binance failed to report 5,902 cryptocurrency…
Key Insights LocalMonero, a platform allowing users to trade Monero anonymously, will soon shut down, impacting privacy-focused cryptocurrency trading. The exchange, known for not requiring ID verification, will disable new…
Key Insights: Tether Holdings Limited achieved a historic $4.52 billion net profit in Q1 2024, marking a significant increase from the previous quarter. Over $12.5 billion in USDT was issued…