Category: Uncategorized

Binance Clarifies Relationship with WazirX Amid $235 Million Hack

Binance denies ownership of WazirX and responsibility for a recent $235 million hack, urging the Indian crypto platform to address user fund losses. Binance Clarifies Relationship with WazirX The world’s largest cryptocurrency exchange by volume, has issued a statement clarifying its relationship with the Indian crypto platform WazirX, following a significant hack in July 2024 […]

Animoca Brands Aims for IPO Amid Market Challenges

Animoca Brands, a major player in the Web3 and blockchain gaming space, is gearing up to go public soon. However, the final decision on the timeline depends on key factors like the “market’s status, amongst other” aspects, according to chairman Yat Siu. Speaking with CoinDesk in Singapore on Monday, Siu shared insights into the company’s […]

FTX Auditor Settles with SEC

The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that Prager Metis. The former auditor for the now-defunct crypto exchange FTX, has agreed to a $1.95 million settlement. This agreement resolves allegations of negligence-based fraud related to Prager Metis’s relationship with FTX, as well as violations of auditor independence rules dating back to 2017. […]

Lawmakers Challenge SEC’s Stance on Crypto Airdrops

Representative Tom Emmer (R-MN), along with Chairman of the House Committee on Financial Services Patrick McHenry (R-NC), has issued a formal letter to SEC Chair Gary Gensler. Raising concerns over the regulatory treatment of cryptocurrency airdrops. The letter criticizes the SEC’s approach under Gensler’s leadership. Accusing it of stifling American innovation in blockchain technology by […]

Yellow Network Secures $10M Seed Round to Revolutionize DeFi Trading

Yellow Network, a decentralized clearing network aimed at solving key challenges in decentralized finance (DeFi), has successfully closed a $10 million seed funding round led by Ripple co-founder Chris Larsen. The funding will be used to address issues such as liquidity fragmentation, scalability, and counterparty risks in DeFi trading. With a focus on enhancing the […]

SEC Commissioners Criticize NFT Case as Overreach

Two U.S. Securities and Exchange Commission (SEC) commissioners, Hester Peirce and Mark Uyeda, have criticized the agency’s handling of recent enforcement actions involving Flyfish Club, LLC. In a strongly worded statement, the commissioners expressed concerns over what they called the SEC’s “misguided and overreaching” approach to cases involving NFTs. Flyfish Club, a high-end restaurant chain […]

PiP World’s Gold Rush Game Set to Educate and Reward

PiP World, an educational crypto gaming startup, is preparing to launch its first Telegram game, Gold Rush, in beta on Wednesday. The game’s debut comes at a time when Telegram gaming is seeing explosive growth, with top games like Hamster Kombat attracting over 300 million users and others enticing players with token airdrops. Gold Rush […]

Web3 Flight Party Sparks Safety Concerns

A crypto-powered networking event hosted onboard a Qatar Airways flight has raised serious safety concerns after videos from the event suggested multiple violations of aviation laws, including seatbelt and smoking regulations. The event, dubbed the “first-ever web3 sky event,” took place on a 10-hour flight from Dubai to Singapore. With around 250 crypto enthusiasts participating […]