Ad On-chain data shows that addresses related to Binance are recording outflows following the lawsuit filed against it by the Commodity Futures Trading Commission (CFTC). Crypto intelligence platform Arkham Intelligence dashboard showed that the value of the wallets connected to the crypto exchange decreased by $1.46 billion since the news broke. According to the data,…
Serbian lawyers exposed for helping Do Kwon set up shell company post red notice
Ad Serbian lawyers helped Terra fugitive Do Kwon set up a shell company after global authorities issued notices for his capture. Do Kwon arrested The disgraced Terraform Labs co-founder was arrested in Montenegro on March 23 after months of evading authorities following the Terra ecosystem implosion. Investors are estimated to have lost $40 billion. Although…
Billionaire Tim Draper tells businesses to hold Bitcoin in the SVB aftermath
Ad Billionaire venture capitalist Tim Draper believes businesses should hold “at least two payrolls worth of cash” in Bitcoin (BTC) and other cryptocurrencies. Draper did not specify the percentage allocated to Bitcoin versus altcoins. However, he called BTC a hedge against deteriorating economic conditions. Bitcoin is a hedge Draper said that the collapse of banks…
Do Kwon charged in the US following confirmed arrest in Montenegro
Ad Terraform Labs (LUNA) founder Do Kwon was charged by the U.S. authorities hours after he was arrested in Montenegro on Mar. 23, according to a Financial Times report. Kwon is accused of defrauding crypto customers and is facing eight criminal counts — which include securities, commodities, and wire fraud, as the Financial Times article…
Circle CEO says ‘aggressive regulatory actions’ on crypto caused ‘deep market anxiety’
Ad Circle CEO Jeremy Allaire has warned about the risks facing the crypto market due to exposure to the U.S. Dollar and the regulatory risk in the U.S. financial system. In a March 23 Twitter thread, Allaire said there “seems to be a large-scale risk-off from USD that is exposed to US banks and US…
Montenegro Vice President announces arrest of individual suspected to be Do Kwon
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Tron founder Justin Sun says SEC complaint lacks merit
Ad Tron (TRX) founder Justin Sun said the U.S. Securities and Exchange Commission (SEC) charges against him lacked merit. In a March 23 Twitter thread, Sun said the financial regulator’s complaints were “the latest example of actions it has taken against well-known players in the blockchain and crypto space.” He continued that the SEC’s regulatory…
Arthur Hayes thinks Bitcoin can still hit $1M this cycle
Ad Arthur Hayes said Bitcoin won’t hit $1 million in 90 days. However, the former BitMEX CEO told Bankless Podcast host David Hoffman that he thinks BTC can “absolutely” go to a million this cycle. “Do I think Bitcoin is going to a million dollars in 90 days? No, I do not. Do I think…
El Salvador’s Bitcoin President receives 91% approval rating: La Pensa Grafia
El Salvador President Nayib Bukele received an approval rating of 91% from the local population, according to a survey conducted by La Prensa Grafica (LPG) — one of the leading daily newspapers in El Salvador. Despite the media outlet being known for its opposition to the current political regime in the Central American country, the leader…
BlackRock CEO Larry Fink says US is lagging behind in crypto developments
BlackRock CEO Larry Fink said in his annual letter to investors outlining what he contends are the most urgent and rapidly changing developments in crypto and traditional finance. The 9,000-word document, published March 16, touches on everything from the geopolitical crisis and the war in Ukraine to strategies for long-term growth and digital assets to…