A South Korean court has dropped an arrest warrant for a less well-known Terraform Labs co-founder, Daniel Shin. “Considering the attitude toward the investigation, the circumstances, process and contents of the statement, it is difficult to see that there is a risk of destroying evidence or escaping beyond the scope of exercising the right to … [Read more…]
During testimony at a hearing held by the Senate Agriculture Committee, CFTC Chairman Rostin Behnam called for an overhaul of the Digital Commodities Consumer Protection Act (DCCPA) to eliminate any possible gaps. The DCCPA is co-sponsored by Debbie Stabenow (D-MR) and John Boozman (R-AR). Once supported by former FTX CEO Sam Bankman-Fried, the bill would … [Read more…]
The Ethereum Foundation began winding down the Ropsten Testnet and expects to complete the shutdown by the end of December. Major infrastructure providers and most validators have already ceased supporting Ropsten. Etherscan shut down support for Ropsten and Rinkeby in October. The Foundation also plans to retire the Rinkeby Testnet, which does not support the … [Read more…]
Coinbase fended off a blackmail attempt from a malicious actor who threatened to expose customer records if the exchange didn’t pay a $450,000 ransom. The blackmailer claimed to have access to 306 million decrypted customer records. Upon investigation and communication with the blackmailer, Coinbase’s security team determined that there had been no security breach or … [Read more…]
Singapore’s Commercial Affairs Department (CAD) announced an investigation into Hodlnaut’s crypto holdings. It alleges that Hodlnaut downplayed his holdings into a “certain digital token” – likely UST. The investigation will probe Hodlnaut’s lending company, Hodlnaut Pte. Ltd., and its directors under Penal Code 1871. It cites multiple reports it received alleging undisclosed exposure to the … [Read more…]
The New York Attorney General’s office issued a statement opposing two bills working their way through Congress that would remove obstacles to adding cryptocurrencies to retirement accounts. The bills will allow crypto investments in retirement plans like IRAs, 401(k) plans, and 457 plans and forbid regulators to restrict access to holding cryptocurrencies in investment plans. … [Read more…]
Six cryptocurrency users filed a lawsuit against the U.S. Department of the Treasury. The lawsuit alleges that a subdivision of the Treasury, Office of Foreign Asset Control (OFAC), improperly labeled Tornado Cash a security risk. The filing names the Treasury Department, Treasury Secretary Janet Yellen, the OFAC and OFAC Director Andrea M. Gacki in its … [Read more…]
New York Governor Kathy Hochul signed a bill imposing a two-year moratorium on certain types of cryptocurrency mining, citing concerns about its energy use and impact on climate change. In a memo, she says the moratorium specifically targets mining operations that “are operated through electric generating facilities that use a carbon-based fuel.” Many cryptocurrencies like … [Read more…]
Alabama Securities Commission Director Joseph Borg indicated that Alabama is participating in a multi-state effort to probe Genesis Global Capital’s links to other crypto firms. The states are investigating whether Genesis and potentially associated companies enticed investors to trade crypto-related securities without proper registration. Earlier this week, Genesis Global Capital hired a firm named Moelis … [Read more…]
The London High Court ruled that the Bitcoin.org owner, Cøbra, must reveal their identity to contest the legal costs demanded by Craig Wright in an ongoing court case. The presiding judge, Jason Rowley, says Cøbra can request anonymization. However, since Craig Wright is the claimant, that would not prevent him from learning Cøbra’s identity – … [Read more…]