U.S. Department of Justice probing $372M FTX exploit
U.S. Department of Justice has launched an investigation into the whereabouts of approximately $372 million from FTX. The U.S. Department of Justice has reportedly opened an inquiry into the whereabouts of nearly $372 million in missing digital assets from the now-defunct cryptocurrency exchanges FTX and FTX US, according to a story from Bloomberg on December […]
Malta Seeks To Remove NFTs From Crypto Law
Malta Financial Services Authority said its wants to remove service providers for NFTs from the scope of its 2018 virtual assets law. The Virtual Financial Assets Act, which also covers electronic money, virtual tokens, virtual financial assets, and all financial instruments based on Distributed Ledger Technology, is now the regulatory framework that applies to NFTs. […]
U.S Court approves proof-of-claim deadline for Celsius victims
The situation surrounding Celsius bankruptcy continues as U.S. regulators set a deadline for those affected to file a proof claim. The Southern District of New York State of the United States Bankruptcy Court has approved a new filing deadline in the ongoing Celsius bankruptcy case. A deadline has reportedly been set for people submitting any […]
Ukrainian Pro-crypto Groups Announce Web3 Roadmap
The Web3 roadmap proposes the launch of a regulatory sandbox and the creation of a national blockchain-backed realty register. A roadmap for promoting and expanding Web3 in the nation was unveiled by the citizen organizations Virtual Assets of Ukraine (VAU) and Blockchain4Ukraine, a group of pro-crypto Ukrainian lawmakers. According to local media, the co-authors of […]
Mario Abdo Benitez rejects crypto regulation law
On Monday, Mario Abdo Benitez, the president of Paraguay, rejected a bill that attempted to classify bitcoin mining as an economic endeavor. According to Mario Abdo Benitez, the development of a national industry that is sustainable may be hampered by mining’s high power use. As the country’s mining industry continues to grow as a result […]