TL;DR Breakdown Singapore-based Cryptocom, a top-10 crypto marketplace, is under scrutiny for internal trading practices. U.S. SEC has been clamping down on similar activities at other digital exchanges. Insiders allege Cryptocom’s executives denied involvement in trading to external entities. The company acknowledges internal market-making but defends it as a non-controversial practice. Description Contention has arisen over Cryptocom, the acclaimed cryptocurrency exchange, as the discovery of the platform’s internal trading activities sparks debate over potential conflicts of interest in the digital assets sector. Emerging controversy at Cryptocom over internal trading Operational out of Singapore, Cryptocom stands tall as one of the world’s top ten cryptocurrency marketplaces. However, five … Read more Contention has arisen over Cryptocom, the acclaimed cryptocurrency exchange, as the discovery of the platform’s internal trading activities sparks debate over potential conflicts of interest in the digital assets sector. Emerging controversy at Cryptocom over internal trading Operational out of Singapore, Cryptocom stands tall as one of the world’s top ten cryptocurrency marketplaces. However, five insiders have revealed that the company engages in proprietary trading and market making, practices that…

TL;DR Breakdown Do Kwon, infamously known for arguably the biggest crypto failure scam, has grown to mentions in Montenegro’s political spheres. Do Kwon’s political financing situation brings to light the divide between pro-Serbs and pro-EU parties and the hope of a political coalition in Montenegro. Kwon and Terra executive Han Chang-Joon’s Costa Rican, Belgian, and identity cards have been seized by the Montenegrin court. Kwon places the blame for forged travel documents on a Chinese traveling agency. Description Do Kwon has made a name for himself in the crypto and the political sphere without a shadow of doubt. A good name? No. So much has been happening around Do Kwon and his incarceration in Montenegro. In light of the most recent elections in Montenegro held on June 11th, 2023, evidence points to the … Read more Do Kwon has made a name for himself in the crypto and the political sphere without a shadow of doubt. A good name? No. So much has been happening around Do Kwon and his incarceration in Montenegro. In light of the most recent elections…

TL;DR Breakdown Ethereum’s core developers are considering increasing the validator balance limit from 32 ETH to 2,048 ETH. The current limit has led to a significant increase in the number of validators, with over 600,000 online and 90,000 waiting to be activated. Proponents argue that raising the limit would improve network efficiency and enable auto-compounding of validator rewards. Description To enhance efficiency and address operational challenges faced by larger node operators, Ethereum’s core developers are engaged in a heated debate over increasing the validator balance limit. Currently, validators are restricted to holding a maximum of 32 ETH, but proponents argue that raising the threshold to 2,048 ETH would offer numerous advantages for the network. … Read more To enhance efficiency and address operational challenges faced by larger node operators, Ethereum’s core developers are engaged in a heated debate over increasing the validator balance limit. Currently, validators are restricted to holding a maximum of 32 ETH, but proponents argue that raising the threshold to 2,048 ETH would offer numerous advantages for the network. The existing limit was initially implemented to promote…

TL;DR Breakdown Hong Kong’s Cyberport witnesses a surge in Web 3.0 registrations, attracting top tech companies. Finance Secretary allocates $6.39 million to Cyberport to nurture Web3 ventures. Cyberport hosts 1,900 digital tech enterprises, including Hashkey Group and Consensys. Description Hong Kong’s Cyberport, a renowned technological business park backed by the government, has witnessed a staggering surge in the registration of Web3 enterprises over the past year.  In a blog post published on Sunday, Finance Secretary Paul Chan revealed that more than 150 firms had joined the Cyberport ecosystem, although he refrained from disclosing their … Read more Hong Kong’s Cyberport, a renowned technological business park backed by the government, has witnessed a staggering surge in the registration of Web3 enterprises over the past year.  In a blog post published on Sunday, Finance Secretary Paul Chan revealed that more than 150 firms had joined the Cyberport ecosystem, although he refrained from disclosing their identities. Recognizing the immense potential of Web3 businesses and their contribution to the technology landscape, Chan announced a substantial allocation of HK$50 million (approximately $6.39 million) to Cyberport….

TL;DR Breakdown The Euler hacker, who returned $200 million in stolen crypto, has sent cryptic messages encouraging ethical hacking and advising against stealing. The messages were encoded in transactions and included references to Buenos Aires and the Argentine people. The hacker self-identified as an Argentine Peronist and urged beginner hackers to pursue bounties instead of theft Description In a surprising turn of events, the notorious Euler hacker, who recently returned $200 million in stolen cryptocurrency, has resurfaced with cryptic messages encoded within transactions. The self-proclaimed Argentine and “Peronist” hacker, known for exploiting vulnerabilities in the Euler code, urged beginner hackers to pursue ethical bounties instead of engaging in illicit activities. The enigmatic … Read more In a surprising turn of events, the notorious Euler hacker, who recently returned $200 million in stolen cryptocurrency, has resurfaced with cryptic messages encoded within transactions. The self-proclaimed Argentine and “Peronist” hacker, known for exploiting vulnerabilities in the Euler code, urged beginner hackers to pursue ethical bounties instead of engaging in illicit activities. The enigmatic messages, sent by the hacker during the evening in London,…

TL;DR Breakdown Baby Doge Coin has launched its own decentralized exchange called BabyDogeSwap, diversifying its focus from being just a fun token. Users can now swap tokens, create farms and pools, utilize the token locker, and explore NFTs on the BabyDogeSwap platform. The launch follows the success of Shiba Inu’s ShibaSwap exchange, and the competition between the two will be closely watched. Description Baby Doge Coin (BABYDOGE), a popular memecoin and competitor to Shiba Inu, has taken a significant step towards establishing itself as more than just a fun token. The cryptocurrency has recently launched its own decentralized exchange (DEX) platform called BabyDogeSwap, signaling a shift in focus toward providing utility for its users. The introduction of BabyDogeSwap … Read more Baby Doge Coin (BABYDOGE), a popular memecoin and competitor to Shiba Inu, has taken a significant step towards establishing itself as more than just a fun token. The cryptocurrency has recently launched its own decentralized exchange (DEX) platform called BabyDogeSwap, signaling a shift in focus toward providing utility for its users. The introduction of BabyDogeSwap represents a pivotal moment…

TL;DR Breakdown Do Kwon, the founder of Terraform Labs, denies forging travel documentation and denies financial ties to Milojko Spajić. Kwon claims he received allegedly forged passports through third-party agencies and blames a Chinese-named agency. He had been using a Costa Rican passport for years and trusted its authenticity. He denies making any financial donations to Spajić, the leader of the Europe Now party. Description In a recent court hearing in Montenegro, Do Kwon, the founder of Terraform Labs, denied allegations of forging travel documentation and refuted any financial connections with Milojko Spajić, the leader of the Europe Now party. The South Korean entrepreneur claimed that he was unaware of the alleged forgery of his passport and instead blamed a … Read more In a recent court hearing in Montenegro, Do Kwon, the founder of Terraform Labs, denied allegations of forging travel documentation and refuted any financial connections with Milojko Spajić, the leader of the Europe Now party. The South Korean entrepreneur claimed that he was unaware of the alleged forgery of his passport and instead blamed a Chinese-named agency…

TL;DR Breakdown Coinbase has asked the court to mandate the SEC to clarify its rules as the legal tussle continues. The implication of the court decision and its effect on the crypto industry. Description In a bid to address the United States Securities and Exchange Commission’s (SEC) ambiguous responses and prolonged silence, cryptocurrency company Coinbase has filed an official request in federal court. Coinbase took this action ahead of its upcoming deadline, citing the SEC’s evasion of a direct question posed by a federal court as an unusual move. … Read more In a bid to address the United States Securities and Exchange Commission’s (SEC) ambiguous responses and prolonged silence, cryptocurrency company Coinbase has filed an official request in federal court. Coinbase took this action ahead of its upcoming deadline, citing the SEC’s evasion of a direct question posed by a federal court as an unusual move. Seeking a court order known as “mandamus,” the exchange aims to compel the SEC to establish clearer rules and standards for the digital assets industry, aligning with a previous petition made by the…

TL;DR Breakdown Coinbase’s stock price rises by nearly 6% despite SEC lawsuit concerns, reflecting investor confidence. The company repurchases $64.5 million worth of Convertible Senior Notes at a discount, showcasing its commitment to shareholder value. Coinbase reports a smaller net loss and a surge in subscription revenue, indicating a rebound after a challenging year. Description Coinbase, the largest cryptocurrency exchange in the United States, saw its stock price climb nearly 6% over the past week, defying the overhang of the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC). Despite regulatory uncertainties, Coinbase’s stock closed the week’s session at $55.59, marking a 5.93% increase. Since the SEC’s announcement of … Read more Coinbase, the largest cryptocurrency exchange in the United States, saw its stock price climb nearly 6% over the past week, defying the overhang of the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC). Despite regulatory uncertainties, Coinbase’s stock closed the week’s session at $55.59, marking a 5.93% increase. Since the SEC’s announcement of the lawsuit on June 6, the stock has risen more than 7%,…

TL;DR Breakdown The US crypto market faces regulatory challenges, prompting a significant exodus of crypto businesses. The EU, with its comprehensive legal framework for digital assets, emerges as a potential destination for crypto companies. Asia’s crypto-friendly regions, Hong Kong and Singapore, offer lucrative opportunities for the crypto industry. Description Amid a tumultuous climate for crypto in the United States, a flood of digital assets and blockchain enthusiasts is seeking out more favorable shores. A complex web of regulatory challenges and a less than welcoming atmosphere has prompted a significant crypto exodus, creating fresh opportunities in other jurisdictions. The global crypto landscape is shifting rapidly … Read more Amid a tumultuous climate for crypto in the United States, a flood of digital assets and blockchain enthusiasts is seeking out more favorable shores. A complex web of regulatory challenges and a less than welcoming atmosphere has prompted a significant crypto exodus, creating fresh opportunities in other jurisdictions. The global crypto landscape is shifting rapidly as these pioneers venture into new territories. US regulatory turmoil: Catalyst for crypto exodus The volatility of the…