Ethereum’s much-anticipated Dencun upgrade is scheduled for a mainnet launch on March 13, following successful testnet launches in February. This upgrade marks a significant milestone in Ethereum’s evolution, and is expected to have a considerable impact on the wider market. The Dencun hard fork will involve implementing several Ethereum Improvement Proposals (EIPs). Of these, EIP-4844,…
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Do Kwon, the embattled former CEO of Terraform Labs, is currently stranded in Montenegro due to extradition delays, following accusations by the U.S. Securities and Exchange Commission (SEC) of conducting a massive fraudulent crypto scheme. Last year, the SEC charged that from April 2018 to May 2022, Terraform and Kwon’s operations resulted in at least…
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Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion in assets set to be returned. Potential Full Crypto Asset Recovery for…
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Iris scanning Worldcoin project’s key contributor Tools for Humanity has acquired Solana-based Ottr Wallet to foster Worldcoin’s user onboarding process. The strategic acquisition announced Thursday, aims to help Worldcoin build the world’s largest human network “to improve trust online and access to the global economy in the age of AI.” “Joining Tools for Humanity marks…
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The Financial Action Task Force (FATF) has downgraded Russia’s compliance rating due to its “insufficient regulation of virtual assets and cryptocurrencies.” Vedomosti reported that German Neglyad, the Deputy Head of the domestic anti-money-laundering regulator Rosfinmonitoring, said the Russia FATF rating was confirmed at a plenary meeting on February 23. Russia FATF Rating: Crypto Regulation Costs…
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The crypto enterprise Coinbase, rooted in San Francisco, experienced an influx of online visits that surpassed the tenfold increase anticipated by their projections. Brian Armstrong, the CEO of Coinbase, shared updates about the heightened traffic following the exchange’s operational hiccups, which coincided with bitcoin’s climb to $64,000 on Wednesday. Coinbase Traffic Spike Surpasses Expectations Coinbase,…
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Asset managers Ark Invest and 21Shares have announced a collaboration to enhance transparency for their ARK 21Shares Bitcoin ETF (ARKB) by integrating Chainlink’s Proof of Reserve platform to verify holdings data. Announced Wednesday, the Chainlink integration aims to provide investors with real-time, verifiable insights into the ETF’s holdings. Ark Invest and 21Shares Integrate Chainlink to…
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El Salvador does not have plans to sell its Bitcoin (BTC) reserves at present, the pro-crypto nation’s President Nayib Bukele confirmed Wednesday. His remarks come after El Salvador’s Bitcoin holdings hit massive profit following Bitcoin’s notable increase in price recently. The crypto was trading around the $57,200 on Wednesday. In a post on X (Twitter),…
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The United States Securities and Exchange Commission (SEC) has flagged Terraform Labs $166 million in payments to Denton since 2023. In a new filing, the financial regulator opposed the retainer payment to the law firm arguing that Terraform Labs should not retain their services during the trial, Reuters reported. SEC goes after bankrupt Terraform Labs'…
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The crypto exchange based in San Francisco, Kraken, has unveiled its latest offering, Kraken Institutional, a digital currency suite designed expressly for high-net-worth firms and institutional investors. Deep Liquidity and Low-Latency Trading: Kraken Institutional’s Promise to Elite Clients This new crypto service, Kraken Institutional, introduced by Tim Ogilvie, the global head of the business division,…
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