Fox, Time use blockchain to combat fake news

Foxs Verify protocol is set to transition to its own zero-knowledge blockchain, enabling developers to create authentically provable projects and content.

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Indiana vows outage-free energy for crypto miners, data centers

Indiana plans to become a hub for the data center and crypto mining industries by promising uninterrupted, low-cost energy.

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Australian court rules against Qoin issuer BPS Financial on 4 charges

Qoin still has a class-action suit pending against it in addition to the case brought by regulator ASIC.

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MicroStrategy Announces Decentralized ID Platform On Bitcoin Called MicroStrategy Orange

MicroStrategy revealed its latest innovation today, a decentralized identity (ID) platform built on the Bitcoin network, named MicroStrategy Orange, at the MicroStrategy World: Bitcoin for Corporations 2024 event. JUST IN: MicroStrategy launches an enterprise platform for building decentralized identity applications on #Bitcoin MicroStrategy Orange pic.twitter.com/P5PXz80kSD — Bitcoin Magazine (@BitcoinMagazine) May 1, 2024 “Today, I’d like to [...]

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Soneium Clarifies Collaboration with LY Corp. Japan Amid LINE Partnership Confusion

Soneium clarifies it is collaborating with LY Corp. Japannot LINE NEXTfollowing reports of a partnership.

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FDIC alleges Cross River engaged in ‘unsafe’ lending practices

The Federal Deposit Insurance Corporation (FDIC) has requested Cross River Bank – known for its services to fintech and crypto firms like Visa and Coinbase – to “self-correct” and appropriately address weaknesses in its lending activities. On April 28, the FDIC made public a consent order executed with Cross River Bank on March 8, alleging that [...]

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GameStop Announces $1.3 Billion Fundraising Plan to Purchase Bitcoin

Bitcoin Magazine GameStop Announces $1.3 Billion Fundraising Plan to Purchase Bitcoin GameStop Corp. (NYSE: GME) announced today that it intends to raise $1.3 billion through a private offering of convertible senior notes and will use the net proceeds from this offering for general corporate purposes, including the acquisition of Bitcoin. The move comes a day

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Bitwise Bitcoin Standard Corporations ETF Launched to Track Companies with Large Holdings

Bitwise Asset Management has introduced a new exchange-traded fund (ETF) designed to provide exposure to companies with significant Bitcoin holdings.

The post Bitwise Bitcoin Standard Corporations ETF Launched to Track Companies with Large Holdings appeared first on Kanalcoin.

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Signature’s Crypto Clients Told to Close Accounts as FDIC Ends Business

The FDIC warned that there would be no more crypto offerings from Signiture after the buy out

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Signature’s crypto clients told to close their accounts by April 5: Report

Signature Bank’s cryptocurrency clients have been reportedly given until April 5 to take their funds out and find another bank, or have their accounts closed by the federal regulator. According to reports, a United States Federal Deposit Insurance Corporation (FDIC) spokesperson said on March 28 that the agency was “reaching out to depositors from Signature [...]

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Here’s Why Regulators Were Accused of “Illegal Overreach” Against Crypto Industry by Cooper & Kirk Law Firm

Cooper & Kirk law firm sends letter to US Congress alleging regulatory overreach against the crypto industry.

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Report: Do Kwon Successfully Formed a Company in Serbia Weeks After Interpol Issued Red Notice

According to a report, the recently arrested Terraform Labs co-founder Do Kwon was able to register a company in Serbia just a few weeks after Interpol issued a Red Notice for him. Lawyers that helped Kwon form a company in Serbia reportedly said they were not aware of Interpol’s Red Notice against their client. Do [...]

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Do Kwon registered a company in Serbia for $1 amid Interpol red notice: Report

The Terraform Labs executive reportedly established a company called “Codokoj22 d.o.o. Beograd” in Serbia, with its main business activity listed as consultancy services.

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IMF Boss: Supporting Egyptian Currency Akin to ‘Putting Water in a Bucket That Has Holes’

Kristalina Georgieva, the International Monetary Fund (IMF)’s managing director, has said Egypt needs to plug leakages of foreign reserves if it wishes to successfully support its currency. According to the IMF leader, Egyptian authorities must also do more to support the vulnerable and to ensure that such support does not benefit the rich. Multiple Exchange

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PH Fintech Leaders Invited by UK PM at London Tech Week

Learn more about the all-women Philippine fintech delegation at the London Tech Week, welcomed by the UK Prime Minister last June 15, 2023.

The post PH Fintech Leaders Invited by UK PM at London Tech Week appeared first on BitPinas.

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Hydrogen Technology Corporation Settles Crypto Manipulation Lawsuit

Hydrogen Technology Corporation and its former CEO, Michael Ross Kane, have settled a lawsuit brought against them by the Securities and Exchange Commission (SEC) for alleged cryptocurrency price manipulation. The settlement requires the firm and Kane to pay $2.8 million in remedies and penalties. The SEC alleged that Kane used Hydrogen's market maker, Moonwalkers Trading Limited, to manipulate the volume and price of its ERC-20 token, Hydro (HYDRO). (Read More)

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Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and [...]

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FDIC to attempt another auction of Silicon Valley Bank: Report

Silicon Valley Bank (SVB) could be returning to the auction block with United States regulators taking a second attempt at finding a buyer for the now-collapsed bank.  According to a Mar. 13 report from the Wall Street Journal, the Federal Deposit Insurance Corporation (FDIC) told Senate Republicans that they now have additional flexibility to sell [...]

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Bill Ackman warns US gov't: Fix mistake in ‘48 hours’ or face ‘destruction’

Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired.

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Circle Unable to Withdraw $3.3 Billion from SVB, Causing USDC Sell-Off

Circle, the issuer of USD Coin (USDC), was unable to withdraw $3.3 billion of its $40 billion reserves from Silicon Valley Bank (SVB), leading to a sell-off that caused the stablecoin's value to drop below its $1 peg. Circle initiated a wire transfer to remove the funds from SVB as the FDIC-insured bank was about to shut operations, but the transfer was not wholly processed, leaving $3.3 billion of USDC reserves with SVB. Dante Disparte, Circle's chief strategy officer, warned that SVB's failure could have broader implications for the US economy. (Read More)

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