South Korea cranks up pressure to extradite Do Kwon, founder of failed Terra-Luna stablecoin
South Korean prosecutors said they will expand cooperation with overseas legal agencies to facilitate the arrest and extradition of Do Kwon.
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US accuses exiled Chinese tycoon Guo Wengui of $1 billion crypto-linked fraud
Guo Wengui, an exiled Chinese billionaire, was arrested in New York on Wednesday for allegedly orchestrating a more than US$1 billion fraud conspiracy that included cryptocurrency, according to the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). See related article: U.S. banking regulators warn against cryptocurrency fraud, contagion risks Fast facts…
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Bitcoin, Ether drop, other top cryptocurrencies retreat as bank liquidity concerns rise
Bitcoin and Ether dropped in Thursday morning trading in Asia along with most other leading tokens amid broader concerns about bank liquidity.
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What the crypto industry should do to rebuild public trust
Many crypto users see losses as the cost of doing business. In fact, we can and must improve the sector’s deficiencies, writes Pelle Brændgaard of Notabene.
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Web3 crowdfunding launchpad Poolz Finance hacked for US$390,000 on BSC, Polygon
Poolz Finance, a cross-chain crowdfunding launchpad for Web3 projects, has been exploited for US$390,000 worth of digital assets
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Circle’s USDC bounces back after Silicon Valley Bank bust
Top blockchain and crypto news: USDC stabilizes after SVB collapse. Silvergate closes shop. China tightens financial supervision.
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Voyager-Binance.US’ $1 bln deal should be put on hold, says U.S. Department of Justice
A deal valued at over US$1 billion between Binance.US and Voyager should be put on hold while key legal objections are worked out, says U.S. government.
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Bitcoin, Ether, Forkast 500 NFT index extend gains; U.S. banking crisis concerns ease as inflation slows to 6%
Bitcoin and Ether rose on Wednesday afternoon in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Solana and Polygon were the biggest gainers, both rising above 5% in the last 24 hours.
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New York regulator says Signature Bank closure ‘nothing to do’ with cryptocurrencies: Reuters
The decision to shut down Signature Bank at the weekend was not related to cryptocurrencies, the New York regulator told Reuters on Tuesday.