Registered crypto brokers and advisors may need to be on edge when giving advice this year, after a recent warning from the SEC. Crypto brokers and investment advisors offering or giving advice about cryptocurrencies will be put under the scope of the United States’ securities watchdog this year.A Feb. 7…

South Korean authorities have previously requested cooperation from the Serbian government to bring Kwon back. The hunt for the controversial founder of the now-collapsed Terra ecosystem, Do Kwon, has intensified with South Korean officials reportedly confirming they sent at least two people to Serbia to track him down.According to a…

The purported sales are the latest measures the embattled firm has taken following moves in recent months to raise capital and preserve liquidity. Cryptocurrency conglomerate Digital Currency Group (DCG) has reportedly begun to sell its holdings in crypto funds managed by its subsidiary Grayscale Investments as it looks to raise…

The bank for central banks is expanding its CBDC research while developing a platform to monitor stablecoin balance sheets. The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development arm and will also launch a new…

On behalf of Voyager, law firm Kirkland & Ellis subpoenaed four executives from FTX and Alameda requesting an enormous array of documents. Lawyers representing bankrupt crypto broker Voyager Digital have served former FTX CEO Sam Bankman-Fried and other FTX and Alameda Research executives with subpoenas requesting information.The subpoenas have a…

The central bank wants an e-GBP to be retail-focused and could form part of a “mixed payments economy” alongside cryptocurrency stablecoins. The United Kingdom is a step closer to launching a central bank digital currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has…

Once known as a manufacturer of hardy mobile phones, Nokia has been working on developing industrial use cases for the metaverse. From beer breweries on opposite ends of the globe to aircraft technicians in isolated airports, telecoms infrastructure firm Nokia has been looking for ways to use the metaverse to…

The appeal, filed on the last possible day, prevents the names of two bond guarantors for SBF from being revealed until at least Feb. 14. The names of two guarantors who signed off on part of Sam Bankman-Fried’s $250 million bail bond will continue to remain a secret for now.A…

United States prosecutors have labeled this as the first insider trading case in cryptocurrency. Ishan Wahi, a former product manager at Coinbase Global Inc., has pleaded guilty to two counts of conspiracy to commit wire fraud in a case that United States prosecutors have labeled the first insider trading case…

Elizabeth Warren and seven other Democrats want to know how much the Environmental Protection Agency and Energy Department know about crypto mining energy draws. United States Environmental Protection Agency Administrator Michael Regan and Energy Secretary Jennifer Granholm were the recipients Feb. 6 of another letter on the environmental impact of…

Venture capital deals slowed in the second half of 2022 amid the bear market. However, behind the scenes, blockchain startups continue to build. 2023 is off to a tepid start for crypto venture capital, as the industry continues to emerge from a prolonged bear market. But that doesn’t mean there…

CEO Joe Lubin says that the layoffs were due to concerns about “macroeconomic and geopolitical” issues that may affect the venture capital markets. Blockchain software developer ConsenSys retains the ability to achieve its goals despite laying off 11% of its workforce, CEO Joe Lubin claimed in a Feb. 7 interview…

The financial watchdogs targeted self-directed individual retirement accounts with potential exposure to crypto in a warning to investors. Three financial watchdogs in the United States have issued a warning to investors considering certain individual retirement accounts with exposure to cryptocurrencies.In a Feb. 7 notice, the United States Securities and Exchange…

The Laotian central bank and the Soramitsu firm signed an MOU to launch the project to expand financial inclusivity and provide sellers with faster settlement. Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems…

Lawyers for Sam Bankman-Fried said he consented to staying the SEC and CFTC civil cases, while those for Caroline Ellison and Gary Wang did not objec to staying the CFTC case. Damian Williams, United States Attorney for the Southern District of New York, has petitioned the court to delay civil…

The court dismissed the Jarretts’ case over the taxation of staking rewards after the IRS issued the refund the couple sought; not good enough, they said. ConsenSys issued a statement Feb. 7 in support of the appeal of the Jarrett v. United States case concerning the taxation of staking rewards.…

According to Binance CEO ‘CZ’, Binance is working on more efforts to help The devastating earthquake that hit Turkey on Feb 6 has left a trail of destruction in its wake, affecting numerous communities and individuals.In response to the tragedy, cryptocurrency exchange Binance has announced that it will airdrop $100…

AVAX price has been in a strong rally since the start of 2023, but a sustained uptick in its DeFi components is needed in order to sustain the current bullish momentum. Avalanche (AVAX) witnessed a meteoric start to 2023, gaining 98% in 30 days, and traders are now curious about…

Discover the unique world of phygital NFTs and how they combine the physical and digital realms to create a new level of ownership and authenticity. Are phygital NFTs the future?The world could be tokenized, and NFTs could be the means through which we perform commerce. Could that be the future?Phygital…

The judge did not provide a reason for denying the motion “without prejudice” but added the matter would face oral argument in a Feb. 9 hearing. A federal judge has denied a joint agreement between Sam “SBF” Bankman-Fried’s legal team and prosecutors that would have allowed the former FTX CEO…

In the aftermath of a deadly 7.8-magnitude earthquake in southeastern Turkey, the Web3 community has come together to raise awareness and aid for victims of the disaster. A massive earthquake hit southeastern Turkey along the border with Syria on Feb. 6, which has so far caused the death of more…

The merger, which will create the company “New Hut,” is still subject to court and regulatory approval by U.S. and Canadian authorities. Canada-based cryptocurrency mining company Hut 8 Mining has announced plans to merge with US Bitcoin to form Hut 8 Corp, or “New Hut.”In a Feb. 7 announcement, Hut…

In a time when VC funding is hard to come by, crypto companies seeking to attract investors must focus on value, not hype. It’s no secret venture capitalists react to prevailing market conditions when making decisions, and amid global economic uncertainty, entrepreneurs from across industries are finding that VC funds…

The trick allows the attacker to confirm zero-value transactions from the victim’s wallet, hijacking the user’s transaction history. Data from Etherscan shows that some crypto scammers are targeting users with a new trick that allows them to confirm a transaction from the victim’s wallet, but without having the victim’s private…

The first-ever case of crypto insider trading highlights the need for reforms from exchanges to keep track of their employee’s trade activities. In January, the brother of a former Coinbase product manager was sentenced to 10 months in prison for wire fraud conspiracy in what prosecutors called the first case…