June, 2023

June, 2023

Terra Classic Renaissance? How Six Engineers Want to Revive LUNC
A revival blueprint for the Terra Classic blockchain ecosystem has been proposed by a group of six engineers called the Six Samurai. They aim to restore the glory of Terra......

Singapore’s Central Bank Pushes for Interoperable Tokenized Assets
The Monetary Authority of Singapore (MAS) has proposed an initiative to create an open and interoperable framework for tokenized digital assets in collaboration with the Bank for International Settlem...

Binance’s Request to Modify SEC’s Language Denied by Judge
Binance’s attempt to change the way the U.S. Securities and Exchange Commission’s (SEC) portraysBinance.US of handling of customer funds in a June 17 press releases was denied by a federal......

FTX Owes its Customers A lot of Money: Internal Audit
FTX, the infamous exchange that collapsed in November, is reportedly in debt to its customers for $8.7 billion, resulting from the mishandling and commingling deposits, according to an investigative r...

EU Wants Unbacked Crypto Out of TradFi Institutions
The EU is charting new territory with its advanced bank capital policy, which now includes regulations for digital currencies. The policy development emerged from a meeting involving the European Parl...

Japan Joins Singapore’s Project Guardian in Global FinTech Collaboration
The Japan Financial Services Authority (FSA) joins the list of financial institutions to be taking a collaborative role in Project Guardian, a digital assets initiative launched by the Monetary Author...

Bitfinex Unveils P2P Trading Platform in Latin America
Bitfinex, a digital asset trading platform, is continuing to foster financial self-reliance and accessibility in Latin America. With the initiative Bitfinex P2P, users in Venezuela, Argentina, and Col...

KuCoin Announces Upcoming KYC Authentication Requirements
KuCoin, a leading cryptocurrency exchange with over 27 million users around the world, has announced an immediate upgrade to its Know Your Customer (KYC) verification protocols. This move, effective f...

Crypto Fraudster Michael Ackerman to Pay $54M in Damages
A federal court has ordered Michael Ackerman, a former broker of the New York Stock Exchange (NYSE), to pay a staggering $54 million in restitution and fines. The United States......

Coinbase Argues ‘Abuse of Process;’ Seeks to Dismiss SEC Case
In a bold move against the U.S. Securities and Exchange Commission (SEC), Coinbase has filed a motion to dismiss its SEC’s lawsuit. The motion, filed on June 29 in the......

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