Category: Latest news

[ad_1] U.S. Senator Elizabeth Warren’s re-election campaign is set to focus heavily on the crypto industry.  Senator Warren’s latest Twitter post calling for voters to join the campaign touted her plans and past achievements, which include making over-the-counter hearing aids available and lowering the cost of childcare in the state of Massachusetts. Among the achievements…

[ad_1] Ad Crypto exchange OKX said it would return $157 million in frozen assets from the bankrupt crypto firms FTX and Alameda Research. In a March 29 statement, OKX noted that the funds were seized in November 2022 after FTX collapsed. According to the exchange, its early investigations showed that there were assets and accounts…

[ad_1] Ad Binance CEO Changpeng ‘CZ’ Zhao said the inherent transparency of blockchain technology is sufficient evidence to disprove false claims in “traditional media writing.” CZ made the tweet after media reports alleging Binance hid its presence and links to China and did not leave the country in 2017 despite claiming to do so. China…

[ad_1] Ad The U.S. and South Korea both aim to prosecute Terra founder Do Kwon, making his next destination unclear, according to a report from Bloomberg on March 29. Kwon faces charges in multiple countries Currently, Kwon is being held in Montenegro. Ongoing court proceedings in the country are now determining where Kwon will go…

[ad_1] SafeMoon (SFM) CEO John Karony has issued a statement following the exploit of the decentralized finance exchange. In an email sent on March 29, Karony said that SafeMoon was working to “rectify” the exploit that saw almost $9 million in funds drained from the liquidity pool on Mar. 28 due to an exploit of…

[ad_1] Ad The following is a guest post from web3 investor Anndy Lian. The U.S. Commodity Futures Trading Commission (CFTC) has sued Binance, the world’s largest cryptocurrency exchange, and its CEO, Changpeng Zhao (CZ), for allegedly violating federal law by allowing Americans to trade crypto derivatives on its platform. The CFTC has been investigating Binance…

[ad_1] Ad SEC chair Gary Gensler asked U.S. lawmakers for greater resources to increase his agency’s staff count during a hearing that took place on March 29. Gensler appeared before the U.S. House Appropriations Subcommittee on Financial Service and General Government. There, he discussed the U.S. Securities and Exchange Commission’s (SEC) budget request for the…

[ad_1] Peer-to-peer crypto exchange Paxful will refund user balances affected by last year’s collapse of Celsius, according to a statement on March 29. Until recently, Paxful offered an interest-bearing product called Paxful Earn, which it offered in cooperation with the crypto lending company Celsius. However, Celsius collapsed in June 2022, depriving Paxful of the funds…

[ad_1] The Federal Deposit Insurance Corp. (FDIC) aims to sell Signature Bank’s Signet payments network, according to a report from Bloomberg on March 28. That plan has not been officially announced. Rather, Bloomberg’s report cites a spokesperson who confirmed that the FDIC intends to proceed with the sale. Previously, on March 19, New York Community…

[ad_1] Ad A new Texas Senate bill is looking to eliminate the incentives put in place to attract cryptocurrency miners to the Lone Star state. Texas has seen a boom in miners since the tax abatements were put in place and growth is projected to continue spiking. Mining power consumption is up 75% over the…