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SEC seeks $5.3 billion from Terraform Labs and Do Kwon

The US Securities and Exchange Commission (SEC) seeks a $5.3 billion judgement against Terraform Labs and co-founder & CEO Do Kwon. Terraform Labs filed a motion for settlement at $3.5…

Crypto.com seeks Hong Kong license amid regulatory crackdown

Crypto.com applies for Hong Kong license amid regulatory crackdown. Hong Kong SFC emphasizes swift closure for unlicensed exchanges, urging investor protection. The outcome of Crypto.com’s application remains uncertain. In a…

Nexo seeks $3 billion in damages from Bulgaria over aborted investigation

Nexo says the investigations tarnished its reputation and hampered its growth. Bulgarian authorities dropped the Nexo case in December 2023, citing a lack of evidence. In one of today’s biggest…

First Trust seeks SEC approval for Bitcoin ‘Buffer ETF’ to safeguard investors

First Trust files for Bitcoin Buffer ETF with SEC, aiming to mitigate risk via options. Buffer ETFs gaining momentum, 139 trading on US markets, $32.54B AUM. Buffer ETFs don’t guarantee…

Binance seeks court’s protection against US SEC’s probe

The US SEC charged Binance for offering unregistered securities in the United States. The SEC then went ahead to seek for the freezing of Binance.US assets although the two later…

Ethereum proposal seeks to increase validator limit from 32 ETH to 2,048 ETH

Ethereum Foundation researcher Michael Neuder outlined the proposal during a core developer meeting. The proposal seeks to raise the validator stake limit from 32 ETH to 2,048 ETH, an increase…

SEC seeks alternative ways to serve Changpeng Zhao after failing to get him

There are rumours that Changpeng Zhao could be in Dubai. There is no known base of operations for the Binance CEO. The SEC is seeking permission from the court to…

Florida Governor Ron DeSantis seeks to ban CBDCs

Key takeaways Florida’s governor has proposed a legislature that would prohibit the use of CBDCs. The governor claims that the use of CBDCs would stifle innovations in Florida.  President Biden’s…

BIT price flat as BitDAO seeks to change Bybit’s contributions to treasury

BitDAO’s BIT price was little changed on Thursday after the developers unveiled a new proposal for adjusting Bybit’s contributions to its treasury. The goal of this proposal will be to…

Top metaverse cryptocurrencies as South Korea seeks to accelerate metaverse growth

After a selloff in the past week, the cryptocurrency market is stabilizing, and selling… The post Top metaverse cryptocurrencies as South Korea seeks to accelerate metaverse growth appeared first on…