Author Archive: Jeremy Parkinson
Gulf Binance Receives Green Light to Launch Digital Asset Exchange in Thailand
Key Takeaways Binance and Thailand’s Gulf Innova received the digital asset operator licenses from Thai SEC to establish Gulf Binance. The two have been working together with regulators since 2022 to ensure a seamless start in Thailand. Binance announced partnership with Thailand’s Gulf Innova, acquiring the digital asset operator licenses from Thailand’s Ministry of Finance. […]
Bitcoin Network’s First-Ever BRC20 Stablecoin Launched: Stably USD
Key Takeaways The first BRC20 stablecoin has been launched in accordance to the new BitFi — DeFi for the Bitcoin Network — technology. Stably USD (#USD) is available in over 200 regions and 44 U.S. states Stably, a Stablecoin-as-a-Service (SCaaS) provider and fiat on/off-ramp infrastructure provider for Web3 projects founded in 2018, has launched stablecoin […]
Hundreds of Bitcoin Wallets Controlled by Russian Intelligence Agencies Exposed: Report
Key Takeaways Hackers found a way to mark 986 BTC wallets allegedly connected to Russian state intelligence agencies The vigilante gained control of some of the private keys of these wallets and donated those funds to Ukrainian aid organizations Three wallets of the 986 are confirmed to be linked to the Russian Foreign Military Intelligence […]
Coinbase Sued by California for Mishandling Biometric Data
Key Takeaways Coinbase has allegedly violated of Illinois’ Biometric Information Privacy Act (BIPA) and is being sued by the state of California The suit alleges that Coinbase did not receive written consent from its customers regarding the storage and destruction of its users’ biometric data Coinbase has been sued by the state of California in […]
The U.S. Government Wants to Cut Off Crypto’s Access to Banks: Nic Carter
Key Takeaways Bitcoin advocate Nic Carter believes the U.S. government is trying to cut off crypto from the banking sector. Carter claimed the Biden administration was reviving the Obama-era Operation Choke Point. Carter pointed to 14 different events in the last 10 weeks which hinted at a coordinated strategy to deprive the crypto industry of […]
Federal Reserve Raises Rates by 25 Basis Points
Key Takeaways The Federal Reserve raised rates by another 25 basis points. This brings federal interest rates to the 4.50% to 4.75% range. The move indicated a softening of the central bank’s hawkish monetary policy. Today the U.S. Federal Reserve announced that it was bringing interest rates to the 4.50% to 4.75% range, a 0.25% […]
3AC Founders Want to Launch a New Crypto Exchange
Key Takeaways 3AC co-founders Su Zhu and Kyle Davies want to launch their own crypto exchange. They are seeking $25 million from investors. GTX, as the project is called, aims to be a public marketplace for crypto claims. Su Zhu and Kyle Davies want to tap into the ballooning crypto claims market by launching their […]
Celsius’ Mashinsky Finally Sued by NY Attorney General
Key Takeaways New York Attorney General Letitia James filed a civil suit against former Celsius CEO Alex Mashinsky today. James claims Mashinsky defrauded investors by making false statements about the company’s financials. She is seeking restitution, damages, and to bar Mashinsky from ever doing business in New York again. Former Celsius CEO Alex Mashinsky is […]
Avraham Eisenberg Charged with Fraud, Market Manipulation
Key Takeaways Avraham Eisenberg was arrested in Puerto Rico yesterday. He is accused of commodities fraud and market manipulation. Eisenberg and his team were behind the $100 million Mango Markets exploit. Avi Eisenberg may have been too clever for his own good when he publicly revealed he was responsible for the Mango Markets exploit in […]
Fed Hikes Rates by Only 50 Basis Points
Key Takeaways The U.S. central bank announced today that it was increasing the federal interest rates by 50 basis points. The decision brings rates to a range between 4.25% and 4.50%. The Fed’s decision was welcomed by market participants, as it signifies a willingness to soften its hawkish stance towards monetary policy. The Fed will […]
