Bithumb, a South Korean exchange, is making headlines with its plans to fast-track its initial public offering as the crypto bull market continues to thrive. The exchange is looking to accelerate its proposed KOSPI listing by spinning off its holdings operations into a separate company named Bithumb Investment. According to reports, Bithumb Investment will take
Blockchain
The recent accusations made by Bryan Pellegrino, the co-founder and CEO of LayerZero, against Kyle Davies, the co-founder of the now-defunct Three Arrows Capital (3AC), have sent shockwaves through the crypto community. Pellegrino alleged that Davies tried to persuade LayerZero to transfer its entire treasury to 3AC shortly before the firm’s liquidation. This revelation, made
The San Diego federal court has made a significant ruling, stating that Silvergate Bank must face a class-action lawsuit filed by FTX users. The lawsuit alleges that the bank aided fraud at the exchange and its associated trading firm, Alameda Research. Despite Silvergate’s attempt to dismiss the case in June, the federal court judge denied
In a significant move, the Estonian government has approved legislation that will transfer oversight of the crypto industry to the Financial Supervision Authority (FSA) starting in 2026. The primary objective of this bill is to regulate local crypto service providers more effectively, thereby bringing stability to the emerging market. The proposed law will introduce stricter
Uzbekistan’s National Agency for Prospective Projects (NAPP) recently made a significant announcement regarding the crypto market in the country. The new directive includes a substantial increase in monthly fees for those involved in crypto trading and exchanges. This decision is expected to have far-reaching implications for the sector, with the NAPP projecting a doubling of
The United States Securities and Exchange Commission (SEC) Chair Gary Gensler is currently under intense scrutiny for his management of the federal agency. This scrutiny was brought to light during a hearing held by the U.S. House Committee on Financial Services (HCFS). The committee expressed significant concerns over Gensler’s rapid push to propose and finalize
In a legal battle against the U.S. Securities and Exchange Commission (SEC), Coinbase Inc. has garnered support from various backers who are urging the agency to reconsider its stance on crafting specific regulations for the crypto industry. Notable supporters, including Paradigm, the Crypto Council for Innovation, and other organizations, have filed amicus briefs to bolster
The development of blockchain-based Web3 gaming tools is revolutionizing the industry, with platforms like Sequence leading the way. In a recent collaboration with Google Cloud, Sequence aims to simplify the complexity of Web3 technology and provide game developers with the necessary tools to create exceptional gameplay experiences. With the launch of Sequence Builder, developers are
Australian venture capital firm King River Capital, in collaboration with blockchain gaming firm Immutable and Polygon Labs, has recently announced the launch of a groundbreaking $100 million gaming fund. This fund, named the “Inevitable Games Fund,” is unlike anything seen before in the industry. It is described as an “ecosystem-agnostic fund” that aims to identify
In a recent event held in Seoul, South Korean regulators engaged in discussions with officials from ASEAN and the OECD regarding crypto policy. The event, hosted by the Financial Services Commission (FSC) of South Korea, aimed to address the risks associated with cryptocurrencies and other related matters while sharing progress on digital finance policies in