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UK MPs Propose Regulating Cryptocurrency Trading as Gambling, Citing Lack of Intrinsic Value and Addiction Risks

The UK Treasury Select Committee has proposed that cryptocurrency trading should be classified as gambling rather than a financial service, according to recent reports from British media outlet Sky News....
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Binance CEO CZ Unfollows Elon Musk on Twitter, Maintains $500 Million Investment in Twitter Amid Speculation

The CEO of Binance, Changpeng Zhao (CZ), has recently unfollowed Elon Musk, the owner of Twitter, on the social media platform. However, it appears that Binance’s investment in Twitter remains...
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Jimmy Nguyen Joins Seventy7 Ventures, Paving the Way for Technological Advancements in Creative Industries

Seventy7 Ventures, a renowned agency specializing in digitalizing the Creative Industries, has recently made an exciting addition to its Executive Board. Jimmy Nguyen, a seasoned professional with a wealth of...
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BlockFi’s Recoveries for Clients and Creditors Hinge on Claims Against FTX and Alameda

BlockFi, the crypto lender that recently filed for bankruptcy, has revealed that the success or failure of its litigation against its commercial counterparties, particularly FTX and Alameda, will determine the...
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South Korean Prosecutors Investigate Cryptocurrency Transfers of Former Lawmaker Kim Nam-kuk

Cryptocurrency continues to make headlines around the world, and South Korea is no exception. Recent news reports indicate that prosecutors in the country have searched the accounts of major exchanges...
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Linda Yaccarino Takes the Helm as CEO of Twitter, with Elon Musk as Interim CEO

On May 12, 2023, Elon Musk made a surprise announcement that Linda Yaccarino had been appointed as the new CEO of Twitter. This decision came after Jack Dorsey stepped down...
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EIP-1559 Protocol Creates De Facto Supply Cap for Ethereum’s Ether

Ethereum, the second-largest cryptocurrency by market capitalization, has no formal cap on the supply of ether. However, the introduction of the EIP-1559 protocol, which burns a portion of Ethereum transaction...
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Deloitte, Goldman Sachs, and Microsoft Among Firms Joining New Canton Network Blockchain System Built by Digital Asset

The Canton Network, a new blockchain system built with Digital Asset’s smart-contract language Daml, has recently garnered the interest of several legacy finance and tech firms, including Deloitte, Goldman Sachs,...
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Twitter launching Encrypted DMs and Voice/Video Calls Says Elon Musk

According to a recent tweet by Elon Musk, Twitter may be launching encrypted direct messages on Wednesday, as part of the social media platform’s push to improve communication features. Musk...
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Bankrupt Crypto Exchange QuadrigaCX Begins Paying Back Creditors with Only Fraction of Funds Recovered

QuadrigaCX, the bankrupt Canadian cryptocurrency exchange, has announced that it will begin an “interim distribution” of funds to creditors. This development comes despite only a fraction of the missing funds...
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