The case was brought by the Seychelles-based crypto exchange Bybit against WeChain employee Ho Kai Xin and several other defendants, including FTX Trading and Consensys Software. The exchange hoped to recover stolen assets in Tether and fiat currency, and obtain acknowledgement that Ho held Tether and fiat currency in a Bybit trust.
Crypto bill passes congressional committee in victory for industry
A key congressional committee on Wednesday advanced a bipartisan bill that aims to develop a regulatory framework for cryptocurrencies, a milestone for Capitol Hill in its efforts to codify federal oversight for the digital asset industry.
Bitcoin Volatility Expected on Friday’s Bank of Japan Rate Decision. Here’s Why
The BOJ is predicted to soften its grip on the country's bond markets, potentially influencing global bond markets, exchanges rates and liquidity conditions. Bitcoin and cryptocurrencies, in general, ...
KuCoin’s ‘Into The Cryptoverse’ Report Unveils 3.8 Million Japanese Adults Engage in Crypto Investment
KuCoin, a top 5 global crypto exchange, has launched its 13th edition of the 'Into The Cryptoverse' report. This edition focuses on the burgeoning cryptocurrency market in Japan, offering a detailed ...
a16z-backed Eco unveils Beam, a P2P crypto transfer service aiming to be a ‘global Venmo’
The crypto payments space is seeing a surge of activity these days as developers strive to make decentralized finance as user-friendly as web2 experiences. Eco Inc, an a16z-backed payments startup that’s raised $95 million in funding to date,
Japan Webx Blockchain Summit Begins, L7 Dex Attends&Sponsors With Nfts
From July 25-26, 2023, the first WebX Asia's largest global Web3 summit, was held in Tokyo, Japan, organized by Japan's largest crypto media, CoinPo ...
Japan’s Prime Minister Stresses Gov’s Focus on Web3 Growth, Says Major Company Will Unveil ‘Ambitious’ Metaverse Project
Japan's Prime Minister Fumio Kishida said that the country's agenda includes support for the growth of Web3 companies and suggested that a major company would reveal its metaverse project. Meanwhile, ...
Binance Japan to launch operations in August
Binance’s sprawling empire is about to get bigger as the world’s largest crypto exchange by traded volume is set to launch its operations in Japan in August. The founder of the exchange, Changpeng ...
GOP crypto revamp moves ahead with Democrats divided
House Democrats revealed the split Wednesday at a Financial Services Committee meeting on a GOP-led bill that would mandate in federal law for the first time how two key market regulators — the SEC and the CFTC — police digital asset trading.
Bank of Japan Will Eventually Let Interest Rates Rise. Watch Out When It Does.
Japan's central bank is expected to retain its easy-money policy this Friday. But it will be forced to change course at some point, disrupting global markets.
Federal prosecutors ask judge to jail Bankman-Fried after fallen crypto king leaks ex-girlfriend’s online diary
Federal prosecutors on Wednesday asked a judge to revoke crypto entrepreneur Sam Bankman-Fried’s $250 million bond and jail him pretrial after he leaked his ex-girlfriend and convicted co-conspirator’s digital diary.
How Jack Ma’s Ant Group Is Inching Toward IPO Reboot
Chinese regulators torpedoed what would have been a record initial public offering by financial technology giant Ant Group Co., sending shock waves across global capital markets. They imposed new ...
IMF urges Bank of Japan to move away from yield control, prepare for future tightening
The Bank of Japan should start preparing for future monetary tightening by moving away from its yield control policy, the International Monetary Fund's chief economist Pierre-Olivier Gourinchas said ...
Asia-Pacific markets set to fall after Fed hikes rates to 22-year high
Asia-Pacific shares are set to drop after the U.S. Federal Reserve raised rates to their highest level in more than 22 years.
Binance to Re-Enter Japan in August; DeFi Daily Volume Dwindles to 7-Month Lows
"The Hash" discusses some of the biggest stories of the day, including Binance planning to introduce its full service in Japan in August. This comes as the crypto exchange is withdrawing a license ...
Elon Musk Has Quietly Primed Crypto For An ‘Absolute Game-Changer’ That Could Cause Chaos For The Price Of Bitcoin, Ethereum, XRP And Dogecoin
Dogecoin, the meme-based cryptocurrency that owes much of its success over the last few years to Tesla billionaire and X (Twitter) owner Elon Musk, has seen a price ...