South Korea to Track and Freeze North Korean Crypto Assets Used to Fund Weapons Program

The South Korean government is reportedly planning to submit a bill that will track and freeze North Korean crypto and virtual assets used to fund its capital Pyongyang’s illicit weapons program. The bill is said to reflect the country’s president’s beliefs that its cybersecurity framework needs to be repaired. It will also contain ways to […]

Stablecoin Market Cap Shows Signs of Revival After 18-Month Decline

The combined market capitalization of the six largest stablecoins (USDT, USDC, BUSD, DAI, TUSD, and USDP) has recently surpassed $121 billion, adding over $660 million in the last two weeks. This is a slight improvement compared to the overall decline registered in the past 18 months, which was prompted by the Terra collapse in May […]

Binance Executives Continue to Depart Amid Regulatory Scrutiny

Binance, one of the world’s leading cryptocurrency exchanges, has seen a number of key executives depart in recent weeks amid increasing regulatory scrutiny. Mayur Kamat, the head of product, has confirmed his departure after two years with the company. Kamat, who previously worked at Google and Agoda, was responsible for helping Binance grow from 80 […]

Co-Founders of Gala Games Locked in Court Battle Over $130 Million GALA Token Theft

The co-founders of the blockchain gaming platform Gala Games, Wright Thurston and Eric Schiermeyer, have locked horns in court. Thurston, through his investment company True North United Investments, is accused of stealing $130 million worth of GALA tokens. Schiermeyer is suing Thurston for the return of the tokens and for him to step down from […]

Golden Inu Surges 25% as Shiba Inu Struggles to Gain Momentum

Shiba Inu (SHIB) token has been stuck in a sideways trading pattern despite the relaunch of Shibarium, its layer 2 blockchain network. The first launch on August 18th faced significant issues, including transaction processing problems and disappearing assets. Developers worked to address the issues and implement updates, but investors remain cautious.Meanwhile, another memecoin, Golden Inu […]

Cardano (ADA) On-Chain Activity Surges Despite Price Correction

Cardano (ADA) is approaching a crucial decision zone that could either lead to a market reversal or a continued price correction. On-chain activity has significantly grown YTD, with total transaction volume rising by 1,726 percent since late January. Additionally, the rate of Cardano’s discussion rate on social media platforms has been relatively higher compared to […]

Solana Co-Creator Calls for Redistribution of SOL Tokens to FTX Customers

Anatoly Yakovenko, co-creator of Solana, has proposed a solution to the legal issues surrounding the collapse of FTX, a cryptocurrency exchange. Yakovenko has suggested that the 7 million SOL tokens held in FTX’s reserves be redistributed to the exchange’s former customers. This would not only provide compensation to those affected by the exchange’s bankruptcy, but […]

SEC Files Appeal Against Ripple Labs, Ripple Responds in Opposition

Ripple Labs has filed a reply in opposition to the Securities and Exchange Commission’s (SEC) request for an interlocutory appeal against Judge Torres’ ruling in favor of Ripple Labs. Ripple argued that the SEC does not have the right to an appeal as the “exceptional circumstances” required for it are absent. The SEC had argued […]