Terror victims claim DOJ withholding their cut of $4.3B Binance penalty
Four people who are victims or family of victims of state terrorism sued the Justice Department claiming it hasn’t put the billions from Binance’s settlement into a victim fund.
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Ex-IOTA Dev Threatens Foundation Director With Legal Action Over $8 Million
A co-founder and former lead developer of the decentralized network IOTA, Sergey Ivancheglo, has IOTA Foundation director David Sønstebø with a lawsuit over 25 million MIOTA (over $8.5 million).Ivancheglo announced that he is contacting his lawyers to obtain the assets from Sønstebø in a tweet sent on Feb. 2. The coins that he claims belong…

Transit Swap loses over $21M due to internal bug hack, issues apology
“We are deeply sorry,” stated Transit Swap while revealing that a bug in the code allowed a hacker to make away with an estimated $21 million. 158 Total views 5 Total shares Transit Swap, a multi-chain decentralized exchange (DEX) aggregator, lost roughly $21 million after a hacker exploited an internal bug on a swap contract.…

Ghana’s digital cedi must emulate cryptocurrencies, Afroblocks states
Afroblocks’ co-founder urges Ghana’s central bank to involve the in-house crypto experience and expertise to help the e-cedi succeed. 374 Total views 3 Total shares The latest central bank digital currency (CBDC) initiative from the Bank of Ghana (BoG) has been met with skepticism as Afroblocks, an in-house independent association, speculates the lack of clarity…

Crypto News From the German-Speaking World: Sept. 9–15 in Review
The German-speaking world continues to see lots of developments in the crypto industry, as a Liechtenstein-based exchange is tokenizing a $25 million movie fund with actor Wesley Snipes, Austrian textile manufacturers use blockchain to go green and a Swiss crypto finance company expands its business into Asia. Here is the past week of crypto and blockchain…

Bitcoin back above $57K as ‘hundreds’ of US banks prepare to HODL for clients
Bullish news kickstarts a lackluster Bitcoin after an overnight slump neared $53,000 and altcoins kept surging. 7090 Total views 37 Total shares Bitcoin (BTC) staged a characteristic comeback on May 5 as a day of losses turned around in a flash.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewBTC price nears $58,000Data from Cointelegraph Markets Pro and…

Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote
While the FSS' standardization effort is still in its early stages, it is expected that once a legal framework for virtual assets has been established, a uniform evaluation system will be put in place. 235 Total views 19 Total shares The Korean Financial Supervisory Service (FSS) has announced that it will be standardizing the way…

‘Is this a Bitcoin ad?’ Joe Biden unknowingly touts BTC in coffee mug video
Crypto enthusiasts have lauded Joe Biden’s latest social media post for its so-called accidental endorsement of Bitcoin. 1296 Total views 9 Total shares United States President Joe Biden may have inadvertently become Bitcoin’s latest brand ambassador in a new "cringe" video advertising merchandise for his reelection campaign.On Aug. 3, President Biden tweeted: “A cup of…

From Thailand to South Africa, regulators tighten their grip on crypto: Law Decoded, July 3–10
South Africa’s financial regulator has announced that all crypto exchanges in the country must obtain licenses by the end of 2023. Last week saw more rules and regulations emerge regarding digital assets. Thailand’s Securities and Exchange Commission issued new rules requiring digital asset service providers to warn customers of risks associated with cryptocurrency trading. The…