Do Kwon's extradition interrupted once again / Google now shows ENS wallet balances in search results / Worldcoin makes Orb software open-source [EN]
Phoebe's Bitmingham Beat
by Ihar Marozau
1M ago
Montenegrin prosecutors have appealed the decision to extradite Terra co-founder Do Kwon to South Korea, CoinGecko reports Solana as the leading blockchain ecosystem by web traffic, Google integrates Ethereum Name Service data into search results, Worldcoin open-sources its Orb device software amid privacy concerns, Estonia proposes strict crypto regulation, and Pakistan's ITU announces the country's first metaverse classes ..read more
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Kraken launches custody service for institutional clients / SBF responds to prosecutors’ sentencing memo / Immutable establishes $100M Web3 gaming fund [EN]
Phoebe's Bitmingham Beat
by Ihar Marozau
1M ago
Kraken Institutional launches a new crypto custody service for corporate clients, Ether experiences significant price volatility following SEC developments and Ethereum Foundation investigation, FTX's former CEO Sam Bankman-Fried faces a potential 40-50 year prison sentence, Montenegrin court approves the extradition of Terra co-founder Do Kwon to South Korea, and Immutable partners with King River Capital and Polygon Labs to launch a $100M fund for blockchain-based games ..read more
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U.S. prosecutors recommend up to five decades in prison for SBF [EN]
Phoebe's Bitmingham Beat
by Ihar Marozau
1M ago
U.S. prosecutors recommend a 40-50 year prison sentence for FTX's former CEO Sam Bankman-Fried for his role in the exchange's collapse, a study reveals 135 countries are exploring CBDCs with China leading the pilot projects, Binance tightens token listing requirements to enhance investor protection, OKX ends support for Tether trading pairs in the European Economic Area ahead of new EU crypto regulations, and Starbucks shuts down the beta platform of its NFT rewards program, Odyssey ..read more
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Coinbase to offer $1B convertible senior notes [EN]
Phoebe's Bitmingham Beat
by Ihar Marozau
1M ago
Coinbase announces a $1B convertible senior notes offering for debt repayment and acquisitions, Ethereum's Layer-2 tokens surge ahead of the Dencun upgrade, Terraform Labs gets court approval to hire Dentons amidst SEC lawsuit, Block begins shipping its self-custody Bitcoin wallet BitKey, OKX gains in-principle approval for a payment institution license in Singapore, and Tensor reveals plans to issue a governance token for its Solana-based NFT marketplace ..read more
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Wyoming grants DAOs legal status / Biden's budget proposal involves crypto once again / LSE to accept applications for crypto-backed ETNs [EN]
Phoebe's Bitmingham Beat
by Ihar Marozau
1M ago
U.S. President Joe Biden proposes new taxes on crypto mining and digital asset rules expected to generate $42B over the next decade, Bitcoin surpasses silver in market cap becoming the eighth largest asset globally, Wyoming legalizes decentralized autonomous organizations (DAOs), the London Stock Exchange plans to accept applications for Bitcoin and Ether backed exchange-traded notes in Q2 2024, South Korea to launch a crypto-focused asset management system by 2025 to combat tax evasion, and Nexon Group partners with Ava Labs to launch MapleStory on the Avalanche blockchain network ..read more
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U.S. to challenge Do Kwon's extradition to South Korea / Travala.com launches Bitcoin cashback program / MIT, Harvard alumni start blockchain accelerator [EN]
Phoebe's Bitmingham Beat
by Ihar Marozau
1M ago
The U.S. DOJ continues to seek the extradition of Terra co-founder Do Kwon despite a Montenegrin court favoring his extradition to South Korea, Ether hits a 27-month high amid a broader market rally, the Athens Stock Exchange plans to launch a fundraising tool on the Sui blockchain, and Nissan introduces a new metaverse experience on Meta's Quest VR headsets ..read more
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Binance.US lays off 200 employees amid SEC scrutiny, filings reveal / Revolut partners with MetaMask / Bitstamp receives in-principle approval in Singapore [EN]
Phoebe's Bitmingham Beat
by Ihar Marozau
1M ago
Binance.US laid off two-thirds of its workforce following an SEC lawsuit, Coinbase's app surged in rankings amid a Bitcoin rally, ShapeShift settled with the SEC for $275,000, Revolut partnered with MetaMask for crypto purchases, Bitstamp received approval for a payment license in Singapore, and Spain's data protection agency halted Worldcoin's operations over privacy concerns ..read more
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Nigerian committee summons Binance CEO / Bitdeer Technologies unveils new Bitcoin mining chip / U.S. officials' crypto mining survey put aside [EN]
Phoebe's Bitmingham Beat
by Ihar Marozau
1M ago
The U.S. Department of Energy halts a controversial survey on crypto miners after reaching an agreement with The Texas Blockchain Council and Riot Platforms, Tether's market cap briefly surpasses $100B, U.S. presidential candidate RFK Jr. accuses Congress members of being influenced by banking monopolies to ban Bitcoin, Nigeria summons Binance's CEO over suspicions of terrorism financing and money laundering, Hungary prepares a draft law to allow financial institutions to offer crypto services, and Singapore's Bitdeer Technologies develops a new, more efficient Bitcoin mining chip ..read more
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Binance recovers $4.4B of mishandled funds / State attorneys general oppose SEC in Kraken case / Blast launches its main network [EN]
Phoebe's Bitmingham Beat
by Ihar Marozau
2M ago
Bitcoin surpasses the Russian ruble to become the world's 14th-largest currency, Hong Kong emerges as a top crypto market in East Asia with new licensing regime, U.S. states challenge SEC's authority in Kraken lawsuit, Binance recovers $4.4B in mishandled crypto funds, LedgerPrime rebrands and resumes operations as MNNC Group post-FTX bankruptcy, and Ethereum Layer-2 network Blast launches with a significant initial TVL ..read more
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FTX sells European arm for $32.7M / MicroStrategy's X account hacked for crypto scam / BitForex goes dark after $56.5M outflow [EN]
Phoebe's Bitmingham Beat
by Ihar Marozau
2M ago
Bankrupt crypto exchange FTX sells its European arm for $32.7M to settle a lawsuit, a PwC survey reveals Bitcoin remains the most popular digital asset among retail investors, a U.S. judge grants a temporary restraining order in favor of crypto miners against an energy use survey, MicroStrategy's Twitter account hack leads to a significant crypto theft, OANDA announces the launch of crypto trading services in the U.K., and BitForex goes offline after a $56.5M withdrawal incident ..read more
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