Web3 Developer ConsenSys Unveils zkEVM Network, Accommodates Private Testing
Michael ScottConsenSys confirmed the unveiling of the zero-knowledge Ethereum virtual machine (zkEVM) network to host private testing. The web3-oriented developer revealed…
Thailand SEC Set to Prioritize Investor Protection through Tighter Crypto Rules
Thailand announced plans to revise its crypto regulation prompted by the disastrous FTX collapse. Like other countries that portrayed an…
Canadian Authorities Prohibit Crypto Firms from Offering Margin and Leverage
Efforts to protect consumers and investors from the FTX-like collapse prompted action by Canadian authorities to prohibit crypto firms from…
Bank of England (BoE) Invites Developers to Apply for CBDC Wallet to Use’ Proof of Concept’
BoE announced allocating $255,000 towards developing a CBDC sample wallet capable of hosting inbound and outbound transaction requests. The BoE…
Depositors in Maple Finance Faces $54M Debt Default, Exposing the Vulnerability of Uncollateralized Crypto Lending
The largest platform for unsecured lending is confronting a debt default crisis set to plunge its depositors into huge losses.…
3Commas Dismisses Claims that Staff Leaked API Keys
Crypto trading company 3Commas rejected speculations that its employees stole and leaked the API keys to users' accounts. 3Commas response…
Former Alameda Research Chief Executive Caroline Ellison Engages SEC’s Former Enforcement Officer
The embattled Caroline Ellison has indicated engaging former SEC staff Stephanie Avakian, who oversaw notable enforcement in past crypto cases.…
FTX-Japan Granted 3 Months to Cease Operations
Japanese authorities announced a new deadline for FTX - Japan to cease operating in the country. The Japanese subsidiary of…
Coinbase Waives Conversion Fees for Users Swapping USDT for USDC
Coinbase crypto exchange announced a new campaign to forego imposing conversion fees for stablecoin users switching USDT for Circle-owned USD…
UK Financial Reforms Retains Crypto Tax Breaks
The UK's government commitment to converting the country to a global crypto hub was evident as Prime Minister Rishi Sunak…
Amber Group Terminates Chelsea FC Sponsorship, Announces 40% Job Cuts
Amber Group announced downsizing its staff by 40%, ending Chelsea FC sponsorship and terminating retail operations, citing FTX fallout. The…
SEC Pens Letter Demanding Updated Disclosures from Companies Amidst Disruptive Crypto Markets
SEC penned a letter to all public companies directing them to update disclosure obligations. Besides, the letter urges public companies…
BlockFi Gagged Employees against Disclosing Risks of Concentrated Borrower Pools
The ongoing bankruptcy proceedings in the New Jersey District court revealed BlockFi discouraged employees from describing the risks of concentrated…
EU Levels Tax Reporting Requirements for Crypto Firms
The EU's new directive aims to create uniform tax reporting guidelines for all crypto operators. Standardized tax reporting will apply…