Kumo
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11 months, 1 week agoCEO of Robotaxi Firm Cruise Resigns After Accident Involving Pedestrian
German energy company Siemens Energy has announced a record profit of 8.5 billion euros after taxes, nearly double the previous year’s figure. This impressive result is attributed to the absence of setbacks e…
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11 months, 1 week ago
Singapore's Central Bank Implements Measures to Curb Speculation in Cryptocurrency Investments
The Monetary Authority of Singapore (MAS) has introduced measures to discourage speculation in cryptocurrency investments. In response to feedback on its proposed Digital Payment Token (DPT) regulations, MAS has…
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11 months, 1 week agoConfusion Surrounds Australian Tax Regulator's Guidance on Capital Gains Tax for DeFi Transactions
Australia’s tax regulator, the Australian Taxation Office (ATO), has issued new guidance on the taxation of decentralized finance (DeFi) transactions. However, the guidance has left DeFi users confused and u…
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11 months, 1 week agoCryptocurrency Exchange Binance and CEO Accused of Serious Criminal Violations
In a scathing critique, former US Securities and Exchange Commission (SEC) official John Reed Stark has accused cryptocurrency exchange Binance and its CEO, Changpeng Zhao (CZ), of alleged criminal violations.…
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11 months, 1 week agoSouth Korea Launches CBDC Pilot Test with 100,000 Participants
Crypto exchange HTX (formerly Huobi Global) has experienced its fourth hack in just two months, resulting in a loss of $13.6 million from a hot wallet breach on November 22. The exchange has assured users that they…
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11 months, 1 week agoTron Founder Justin Sun Faces Potential Jail Time as Department of Justice Targets Alleged Crypto Fraudsters
Tron Founder Justin Sun is facing speculation that he could be the next target of the Department of Justice’s crackdown on alleged fraudulent crypto bosses. This comes after the recent resignation of Binance CEO C…
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11 months, 1 week agoLawmakers Struggle to Establish Regulatory Clarity for Stablecoins in the US
Amid the ongoing campaigns for the 2024 elections in the United States, lawmakers are still working on legislation to establish regulatory clarity for the digital asset space, particularly stablecoins. At the North…
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11 months, 1 week agoAllegations of Systemic Corruption in US Government Agencies Rock Crypto Space
Ethereum adviser Steven Nerayoff has made serious allegations against US government law enforcement and regulatory agencies, including the FBI, DOJ, and SEC, accusing them of systemic corruption. These allegations…
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11 months, 1 week agoSingapore Implements Stricter Regulations to Protect Retail Investors in Crypto Market
The Monetary Authority of Singapore (MAS) has introduced new regulations to protect retail investors in the crypto industry. These measures aim to discourage speculative activities and include rejecting credit card…
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11 months, 1 week agoCrypto Exchange HTX to Resume Deposits and Withdrawals After $13.6 Million Hack
Crypto exchange HTX, formerly known as Huobi Global, has announced that it will resume deposits and withdrawals within 24 hours after experiencing a $13.6 million exploit on November 22. The exchange has assured…
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11 months, 1 week agoSouth Korea to Launch Groundbreaking CBDC Pilot Program with 100,000 Participants
In a groundbreaking move, the Bank of Korea (BOK) and financial authorities are planning to launch a pilot program for a Central Bank digital currency (CBDC) in South Korea. The program will invite 100,000 Koreans…
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11 months, 1 week agoSingapore's Monetary Authority Implements New Regulations to Safeguard Crypto Investors
The Monetary Authority of Singapore (MAS) has introduced new regulations targeting Digital Payment Token (DPT) service providers in an effort to enhance investor protection in the cryptocurrency and digital payment…
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11 months, 1 week agoHTX Cryptocurrency Exchange Resumes Services After Recent Hack
Cryptocurrency exchange HTX, formerly known as Huobi, has announced the resumption of its operations after a recent exploit. The exchange confirmed that its withdrawal and deposit services will be available later…
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11 months, 1 week agoDirector Faces Legal Battle with Netflix Over Misuse of Funds for Sci-Fi Series
Director Carl Erik Rinsch, known for his work on “47 Ronin,” is facing allegations of financial mismanagement after diverting Netflix’s production budget for the sci-fi series “Conquest” into cryptocur…
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11 months, 1 week agoLegal Dispute Surrounding CoinFLEX CEO's Actions in Establishing OPNX Cryptocurrency Exchange
A group of creditors from cryptocurrency futures exchange CoinFLEX have accused the founders of OPNX, a new crypto exchange, of using CoinFLEX assets without their consent. The creditors claim that former CoinFLEX…
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11 months, 1 week agoBBVA Switzerland Partners with Ripple-Owned Metaco to Boost Digital Asset Operations
BBVA Switzerland has formed a strategic alliance with Metaco, a subsidiary of Ripple, to enhance its digital asset operations. The collaboration will leverage Metaco’s Harmonize platform, which offers digital a…
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11 months, 1 week agoKraken Co-Founder Criticizes SEC's Enforcement Actions in Crypto Industry, Calls for Self-Regulation
Kraken co-founder Jesse Powell criticized the U.S. Securities and Exchanges Commission (SEC) for what he believes is a convenience-based approach to enforcement actions in the crypto industry. Powell argued that…
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11 months, 1 week agoTron Founder's Crypto Businesses Hit by Multiple Hacks, Losing Over $200 Million
Tron founder Justin Sun has been facing a series of cyber attacks on his crypto businesses over the past two months. Hackers have targeted platforms related to Sun, including his HTX crypto exchange, Poloniex…
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11 months, 1 week agoBitcoin ETFs: BlackRock and Ark Invest Push for In-Kind Redemptions, Offering Tax Benefits for Investors
BlackRock and Ark Invest are engaged in discussions with the US Securities and Exchange Commission (SEC) regarding the establishment of a spot Bitcoin exchange-traded fund (ETF). One of the key points of contention…
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11 months, 1 week agoUK Government Proposes Digital Securities Sandbox to Boost Digital Asset Sector
UK Chancellor Jeremy Hunt has proposed a legislative initiative to establish a Digital Securities Sandbox (DSS) in order to support the growth of the digital asset sector. The DSS will serve as a controlled testing…
