Coinbase on Friday said the SEC has agreed to drop the lawsuit against the company with prejudice, meaning it cannot be filed again. The move, which is still subject to the approval of the SEC’s Commissioners, is yet another signal that the Trump administration plans to be more friendly to crypto than the SEC was […]
Brian Armstrong says Coinbase spent $50M fighting SEC lawsuit – and beat it Read More »
Crypto exchange Bybit announced on Friday that “a sophisticated attack” led to the theft of Ethereum (ETH) from one of the company’s offline wallets. Bybit’s chief executive and co-founder Ben Zhou said in a livestream that the hackers stole around 401,346 ETH, which at the time of the theft amounts to about $1.4 billion. Both
Crypto exchange Bybit says it was hacked and lost around $1.4B Read More »
Coinbase is working on its re-entry to India more than a year after it officially ceased operations in the world’s most populous nation. The American crypto exchange is engaging with various Indian authorities, including the Financial Intelligence Unit (FIU), an Indian government agency that scrutinizes financial transactions, according to two sources familiar with the matter
Coinbase eyes re-entry to India Read More »
Five years ago, SpaceX launched Starlink, which has since grown into its biggest revenue driver, expanding to over 100 countries. But as Starlink scaled, it faced a major hurdle: accepting payments in developing markets, where traditional banking infrastructure is unreliable, slow, and prone to blocking transactions. Many local banks across Africa, Latin America and Asia
Stablecoins are finding product market fit in emerging markets Read More »
UK documents show that the UK’s Department of Business and Trade spent five years convincing Andreessen Horowitz to create a presence in London, only for the US firm to leave 18 after launching an office, according to government documents obtained by Sifted. In 2023, a16z launched a crypto office in London, deeming the crypto environment
Documents show UK wooed a16z for five years Read More »
Crypto is making such a big comeback that AngelList and CoinList are launching a way to help raise capital for crypto-specific founders using crypto coins. They are teaming up to launch Crypto special purpose vehicles (SPVs) and Crypto roll-up vehicles (RUVs), the companies shared with TechCrunch exclusively on Wednesday. The partnership, they said, will give
AngelList, CoinList partner to help crypto startups raise and manage funds Read More »
North Korean-backed hackers stole at least $659 million through multiple cryptocurrency heists in 2024, while also deploying IT workers to infiltrate blockchain companies as insider threats, according to Japan, South Korea and the United States in a rare joint statement (PDF) on Tuesday. The announcement provided the first official confirmation that North Korea was behind
North Korea stole over $659M in crypto heists during 2024, deploys fake job seekers Read More »
On Friday, the U.S. Department of Justice announced the indictments of Russian citizens Roman Vitalyevich Ostapenko, Alexander Evgenievich Oleynik, and Anton Vyachlavovich Tarasov, accusing them of operating services that helped criminals launder cryptocurrency. The three were allegedly involved in operating Bender.io and Sinbad.io, two cryptocurrency mixers “that served as safe havens for laundering criminally derived
Three crypto industry groups — the DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council — are suing the Internal Revenue Service to block new regulations that require decentralized finance (DeFi) entities to report customer information. The IRS has been finalizing crypto tax regulations as part of the Biden administration’s Infrastructure Investment and
Crypto industry groups sue IRS over broker reporting rule Read More »
Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited from Montenegro to the U.S. to face federal fraud charges, as first reported by Bloomberg. Kwon faces charges in both the U.S. and South Korea; Terraform Labs’ TerraUSD and Luna cryptocurrencies crashed in 2022, causing investors to lose over $40 billion. Terraform
Terraform Labs co-founder Do Kwon will face fraud charges in the U.S. Read More »
