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Florida Court Grants Relief to Binance.US, Suspension Overturned

A state appeals court ruled Wednesday that Florida regulators acted improperly when they blocked Binance from operating in the state. The decision effectively means Binance can now resume operations there. In a unanimous decision on May 22, the First District Court of Appeals threw out the...

, by Shalini Nagarajan

US House Bucks SEC Warnings, Passes Pro-Crypto Legislation FIT21 with Strong Support

The US House on Wednesday voted in favor of crypto-friendly legislation (FIT21) that would hand control of cryptocurrency oversight to a government agency seen as more favorable to the industry. Its objective is to establish a fresh legal structure for digital currencies. This is despite an...

, by Shalini Nagarajan

Ripple CLO Lambasts Gary Gensler Amid SEC Legal Battle

On May 22, Stuart Alderoty, Ripple's Chief Legal Officer, unleashed a scathing rebuke on Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), for his mishandling of crypto asset regulation. Ripple CLO Tags Gensler as “Struggling Political...

, by Jimmy Aki

Hong Kong Police Arrest 100 Fraud Suspects and Recovers Over HK$180 Million

Hong Kong police have arrested 100 individuals in a significant crackdown on fraud and money-laundering syndicates, recovering over HK$180 million (US$24.2 million) from 295 victims.In a two-week operation code-named "Widepeak," which concluded on Monday, 75 men and 25 women were detained on...

, by Hassan Shittu

Biden Administration Announces Opposition To FIT21

President Joe Biden’s administration will oppose the passage of Financial Innovation and Technology for the 21st Century Act (FIT21) amidst its vote in the House of Representatives, a Wednesday statement from the White House claims. President Joe Biden To Oppose FIT21 Amid Vote The White House...

, by Julia Smith

Ethereum Futures ETFs Hit Record Daily Trading Volume Amid Anticipation of Spot Approvals

The daily trading volume for Ethereum futures exchange-traded funds (ETFs) surged to an all-time high yesterday, fueled by increasing anticipation of potential spot approval from the U.S. Securities and Exchange Commission (SEC).On Tuesday, Ethereum futures ETFs recorded a trading volume of...

, by Hassan Shittu

South Korean Police Arrest 28 in Raid on ‘Crypto Investment Fraud Ring’

South Korean police officers have arrested 28 people they suspected of orchestrating a crypto investment fraud ring. Per Jose Geumyoong Shinmun and the broadcaster KBC, a raid was conducted by the Gwangju Metropolitan Police Agency’s Cyber Crime Investigation Unit. South Korean Police...

, by Tim Alper

Biden Campaign Pleads For Donations To Compete With Crypto Execs Supporting Trump

President Joe Biden’s election campaign team is calling for financial aid to keep up with his Republican, competition, who he says is backed by the wealthy crypto industry. Biden Begs For Support To Fight Crypto In a widely circulated screenshot on Wednesday, Biden’s campaign team...

, by Andrew Throuvalas

WisdomTree Secures Permission To List Crypto ETPs On the London Stock Exchange

WisdomTree received approval from the Financial Conduct Authority (FCA) on May 22 to list its cryptocurrency exchange-traded products (ETPs), WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW), on the London Stock Exchange (LSE). WisdomTree ETPs Will Only be Available to...

, by Jimmy Aki

Japanese E-commerce Giant Mercari Launches Ethereum Trading

The Japanese e-commerce giant Mercari has taken another step into the crypto sphere by launching Ethereum (ETH) trading services on its app. The Japanese media outlet CoinPost reported that the firm unveiled the service for Mercari users on May 21. Ethereum Nod for Japanese E-commerce Giant...

, by Tim Alper

SEC Chair Gary Gensler Slams FIT2I, Cites “Immeasurable Risk” To Investors

United States Securities and Exchange Commission (SEC) Chair Gary Gensler released a statement Wednesday morning criticizing the Financial Innovation and Technology for the 21st Century Act (FIT21) ahead of the crypto regulation's expected vote in the House today. SEC Chair Gary Gensler Pushes...

, by Julia Smith

Minimizing Crypto Taxes: Top Countries With Lowest Tax Rates in 2024

The landscape of crypto taxes is varied and dynamic, with some nations emerging as particularly friendly to crypto investors and traders.

, by Ruholamin Haqshanas

Crypto Exchange Bitget Appoints Gracy Chen as CEO

Cryptocurrency derivatives trading platform Bitget has appointed Gracy Chen as its new CEO taking over from Sandra Lou, who is moving on to pursue other business goals. Before being promoted to CEO, Chen held the position of managing director of Bitget, where she oversaw its market expansion,...

, by Tanzeel Akhtar

VanEck’s Ethereum ETF Listed on DTCC as ETH ETF Approval Looms

VanEck's spot Ether ETF has now been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol "ETHV."

, by Ruholamin Haqshanas

YouTube Investigator ‘Coffeezilla’ Accuses Rabbit AI of Involvement in an NFT Scam

Online detective "Coffeezilla" has accused Rabbit AI of orchestrating an NFT scam and attempting to cover it up.

, by Ruholamin Haqshanas

US Prosecutors Seek 5-7 Years for Former FTX Executive Ryan Salame

The U.S. prosecutors are pushing for a prison sentence of five to seven years for the former FTX executive Ryan Salame. According to a sentencing memorandum, the attorneys of the Southern District of New York have argued for an extended imprisonment term, citing the seriousness and the general...

, by Hongji Feng

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