Kumo
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11 months ago
US Treasury Seizes Sinbad.io, Crypto Mixer Linked to North Korean Hackers
In a joint operation by the FBI and Dutch Financial Intelligence, Sinbad.io, a cryptocurrency mixing service, has been seized by the U.S. Treasury Department. The move is part of a broader crackdown on illicit…
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11 months agoCristiano Ronaldo Faces $1 Billion Lawsuit Over Binance Endorsement
In a surprising turn of events, renowned football star Cristiano Ronaldo is facing a class-action lawsuit in the United States. The legal action stems from allegations that Ronaldo’s endorsement of cryptocurrency e…
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11 months agoPaxos Receives Regulatory Approval to Expand Stablecoin Operations in Abu Dhabi
Paxos, a leading digital asset company, has received provisional approvals from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi. This marks a significant milestone for Paxos as it allows them to…
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11 months agoWormhole Secures $225M Funding, Launches Wormhole Labs for Cross-Chain Expansion
Wormhole, a company specializing in cross-chain expansion, has secured a record $225 million in funding. This significant milestone has propelled the company’s valuation to an impressive $2.5 billion. As a result o…
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11 months agoBinance Faces Regulatory Issues in the Philippines
The Philippines Securities and Exchange Commission (SEC) has issued a warning about Binance’s operations in the country. According to the regulator, Binance is not registered as a corporation in the Philippines a…
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11 months agoUK Government Implements New Compliance Mandates for Unpaid Crypto Taxes
The UK government has implemented new guidelines for reporting and paying taxes on cryptocurrency assets. Individuals and entities dealing with cryptoassets must comply with these guidelines to ensure tax…
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11 months agoCharlie Munger, Berkshire Hathaway Vice Chairman, Dies at 99: A Legacy of Investment Wisdom and Crypto Skepticism
Charlie Munger, the esteemed vice chairman of Berkshire Hathaway and long-time business partner of Warren Buffett, passed away at the age of 99. Munger was known for his distinctive investment philosophy, which…
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11 months agoBinance Faces Allegations of Unauthorized Business Operations in the Philippines
The Philippines Securities and Exchange Commission (SEC) has issued a warning against cryptocurrency exchange Binance, claiming that the platform has been operating in the country without the necessary…
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11 months agoNigeria Urged to Implement Regulations for Blockchain Integration
A stakeholder in the blockchain and fintech ecosystem has urged the Nigerian government to implement regulations that will facilitate the widespread integration of blockchain technology in the country. The National…
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11 months agoBIS Innovation Hub Releases Report on Private CBDC Initiative, Project Tourbillon, Highlighting Payment Anonymity
The Bank for International Settlements (BIS) Innovation Hub has released its final report on Project Tourbillon, an initiative focused on developing a “private CBDC” (central bank digital currency). The report exp…
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11 months agoCrypto Security Incidents Continue to Undermine Trust and Adoption
As the number of hacks and exploits in the crypto industry continues to rise, cybersecurity professionals are highlighting the need for improved crypto security measures. In 2023 alone, nearly $1 billion has been…
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11 months agoCharlie Munger, Vice Chairman of Berkshire Hathaway and Fierce Bitcoin Critic, Passes Away at 99
Charlie Munger, the long-time right-hand man of Warren Buffett and vice chairman of Berkshire Hathaway, has passed away at the age of 99. Munger, who played a crucial role in turning Berkshire Hathaway into a…
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11 months agoThai Crypto Exchange Zipmex Offers Creditors 3.35 Cents per Dollar in Restructuring Plan
Embattled Thai cryptocurrency exchange, Zipmex, has proposed a restructuring offer to its creditors. The exchange, which owes its customers $97 million, is offering 3.35 cents per dollar of initial claims, with the…
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11 months agoBinance Faces Regulatory Trouble in the Philippines for Operating Without Approval or License
Cryptocurrency exchange Binance has come under scrutiny in the Philippines for operating without the necessary approval or license from the local securities regulator. The Philippines Securities and Exchange…
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11 months agoCristiano Ronaldo Faces Class-Action Lawsuit Over Promotion of Binance Crypto Exchange
Pro-soccer star Cristiano Ronaldo is facing a proposed class-action lawsuit from plaintiffs who claim they suffered losses due to his promotion of the crypto exchange Binance. The lawsuit alleges that Ronaldo…
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11 months agoKyberSwap Hacker Demands Civility in Negotiations, Threatens Delay
The hacker responsible for the $46 million crypto theft against KyberSwap has issued a warning to the company’s executives and tokenholders. In an on-chain message, the hacker stated that they plan to release a s…
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11 months agoThe Rise of Private Debt: A Growing Concern for Julius Bär and René Benko
Private Debt is a booming form of credit financing that is gaining popularity in the financial world. These loans are privately issued and traded, away from the public markets, making the transactions largely…
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11 months agoGenesis and Digital Currency Group Reach Repayment Deal, Potentially Ending Lawsuit
Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a deal to potentially resolve an ongoing lawsuit. Genesis filed a document with a New York Bankruptcy Court stating…
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11 months agoSEC Requests Public Comments on Franklin Templeton and Hashdex Bitcoin ETF Proposals
The United States Securities and Exchange Commission (SEC) has taken the next steps in considering the proposed Bitcoin exchange-traded fund (ETF) bids by Franklin Templeton and Hashdex. The agency has requested…
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11 months agoCourt Allows Jump Crypto to Submit Confidential Information in SEC's Case Against Terraform Labs
A U.S. court has granted permission to Jump Crypto, a “third party” in the SEC’s case against Terraform Labs, to submit certain information confidentially. The SEC has accused Terraform Labs and its founder, Do Kw…
