Binance faces legal battle as US regulator gets ready to rumble
Top blockchain and crypto news: Binance targeted in CFTC lawsuit. Law catches up with Do Kwon. Chinese banks bet on Hong Kong crypto.
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Asia leads crypto regulations, innovation may leave the US, says Ripple’s Long
Asia-Pacific nation are leading the way in developing global cryptocurrency regulations that favor innovation, which is something that U.S. regulators should also take note of, said Ripple Labs Inc. President Monica Long
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Montenegro to hold Terra-Luna fugitive Do Kwon for 30 days, says Yonhap News
Kwon Do-hyung will be held in Montenegro for a month on charges of using forged travel documents, South Korea’s Yonhap News reported.
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Zipmex buyer misses payment, could risk US$100 million buyout: Bloomberg
Zipmex cryptocurrency exchange’s US$100 million venture capital buyout may be in danger, after buyer V Ventures missed the US$1.25 million payment due on March 23
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Hong Kong may face backlog in virtual asset license applications as demand grows, former SFC regulator says
Angelina Kwan, who helped shape early Hong Kong automated trading services and internet trading regulation, told Forkast the upcoming virtual asset licensing regime is almost identical to that for traditional financial institutions.
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Bitget invests US$30 mln in BitKeep wallet, becomes controlling shareholder
Seychelles-based cryptocurrency exchange Bitget said it has invested US$30 million in decentralized multi-chain wallet BitKeep to become its controlling shareholder.
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Internal Revenue Service in U.S. solicits public opinions on proposed NFT taxes
The IRS intends to tax NFTs as collectibles in the U.S. and is soliciting public opinions on the proposal through June.
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Bitcoin moves above US$28,000, Ether gains, XRP surges, U.S. equities rally
Bitcoin held above US$28,000 on Wednesday morning in Asia amid a rebound in most top 10 non-stablecoin cryptocurrencies. XRP led the winners.
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Terraform Labs founder Daniel Shin again questioned by South Korea prosecutors over stablecoin collapse
Terraform Labs co-founder Shin Hyun-seung, also known as Daniel Shin, was again called in for questioning by South Korea’s prosecutors on Monday.
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Crypto needs to look abroad as US exchanges go unbanked
The fall of Silvergate, SVB and Signature has left crypto firms scrambling for new banks. Will crypto banking head offshore for the long term?