Summary: Binance boss Changpeng Zhao met virtually with Dr. Nureddin Nebati, the Finance Minister of Turkey. The pair held discussions on cryptocurrency and the blockchain ecosystem. Reports said that Turkey could soon regularize its crypto scene with dedicated laws and policies. Turkey is also a major source of traffic for...
Summary: USDT stablecoin issuer Tether cleared the air on its short-term debts, again. The digital asset company debunked rumors that claimed Tether holds a massive amount of Chinese commercial paper. The statement released today also addressed the threat of such misinformation to the broader crypto industry. CTO Paolo Ardoino stated...
Celsius has filed a motion to enter into an advisory agreement with former CFO Rod Bolger. Celsius believes Bolger’s experience, knowledge, and familiarity with the business can help it move forward. A hearing on the matter will be held on August 8. According to a filing in the United States...
Kraken is being investigated by the US Treasury Department. The exchange is suspected to have allegedly permitted Iranian users to access its crypto services. Kraken, one of the leading cryptocurrency exchanges, is under investigation for allegedly violating US sanctions. Per a report published by New York Times, the exchange allegedly...
Summary: KuCoin CEO, Johnny Lyu, has announced that the exchange will launch an anti-FUD fund. The fund will focus on educating the global community on how to spot FUD. The focus will also be on motivating industry leaders and influencers to provide trusted information. The anti-FUD fund will be used...
Summary: South Korean authorities have launched a probe into the Bitcoin ‘Kimchi Premium.’ The investigations cite that the Kimchi Premium was used to make profits that were transferred abroad through illegal remittances. Authorities in South Korea have launched investigations into the famous Bitcoin ‘Kimchi’ premium. According to local reports, the...
Summary: Stablecoin supply dropped by the end of the second quarter of 2022. Arcane Research data showed that the total supply was about $151 billion by Q2 of this year. The figure revealed an 18.8% drop over the last quarter, worth around $35 billion. It’s so far the largest supply...
Summary: A crypto tax bill was introduced in the U.S. Senate. The proposal is championed by lawmakers from both the Democratic and Republican parties. A de minimis exemption for crypto transactions under $50 forms the core of the bill, per reports. The exemption could nullify otherwise mandatory capital gains taxes...
CZ has accused Modern Media, an independent licensee of Bloomberg Businessweek Hong Kong of being unprofessional Zhao has accused the organization of issuing defamatory statements against him and Binance. The CEO of the world’s largest cryptocurrency exchange Binance, Changpeng Zhao is actively suing Modern media, an outlet responsible of Bloomberg...
Coinbase is facing an SEC investigation over its cryptocurrency listings, according to a Bloomberg report. The report claims that the SEC is investigating whether the exchange lets users trade assets that should have first been registered as securities. The exchange recently filed a petition to the SEC asking for rulemaking...
Summary: Ethereum’s Vitalik Buterin has suggested that the Ethereum Classic community will definitely welcome proof-of-work fans after the Merge. He points out that Ethereum Classic is ‘totally fine chain.’ ETC’s price has benefited from the speculation that the Ethereum Classic network will absorb some of Ethereum’s ecosystem in terms of...
