Temperatures rise over alleged Celsius withdrawals ahead of bankruptcy
Top blockchain and crypto news: Celsius founder in hot water. European bank woes cast crypto shadow. Will BSN’s Chinese roots thwart its global ambitions?
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Markets: Bitcoin holds above US$20K; Dogecoin gains 7.37%; Hang Seng Index jumps 6% in Hong Kong
Bitcoin and Ether prices rose in Wednesday evening trading in Hong Kong amid widespread gains among the top 10 cryptocurrencies by market capitalization, with Cardano being the sole loser. In equity markets, Hong Kong’s Hang Seng Index rebounded from Monday’s record lows to jump 5.81%. See related articles: Markets: Bitcoin rises above US$20,000, gaining with…
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SEC opposes motions from two firms seeking to back Ripple in XRP lawsuit
The U.S. Securities and Exchange Commission (SEC) has objected to motions from two firms that had requested to file amicus briefs in support of Ripple Labs Inc., in the lawsuit that the SEC filed in 2020 against Ripple. See related article: Two firms seek to weigh in on XRP lawsuit between SEC, Ripple Fast facts…
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Terra cofounder Daniel Shin pulls out of S.Korean parliamentary audit, report says
Terraform Labs Pte. Ltd. cofounder Daniel Shin, or Shin Hyun-sung, has submitted a statement to South Korea’s National Assembly with reasons not to appear before lawmakers on Thursday as a witness in the Terra-LUNA meltdown, according to local news agency News1. See related article: Terraform cofounder Daniel Shin to testify in South Korean parliament Fast…
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European Parliament calls for crypto asset taxation, blockchain tax innovation
Members of European Parliament (MEPs) voted in favor of a resolution that called for the use of blockchain technology to fight tax evasion and urged member states to coordinate more on the taxing of crypto assets, according to a Tuesday statement. See related article: How will the crypto tax debate play out in the UK?…
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Asus launches NFT platform to plug into Web 3.0
Taiwanese laptop maker Asus has launched a non-fungible token (NFT) platform, marking its first attempt to venture into the burgeoning Web 3.0 industry, the company announced on Tuesday. See related article: Apple iPhone maker’s founder distances himself from crypto fraudsters using his image Fast facts Asus launched Art Black hole on Tuesday, a platform for…
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US$4B in money laundering happened on DEXs, bridges and coin swaps: Elliptic
Criminals have used decentralized exchanges (DEX), cross-chain bridges and coin swap services to launder more than US$4 billion worth of illicit crypto gains, according to a research report by blockchain analytics firm Elliptic. See related article: SWIFT, Chainlink announce cross-chain interoperability pact Fast facts See related article: Chainalysis says $2 bln stolen in cross-chain bridge…
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Is crypto money? A South Korean court says no
The country’s judiciary says Bitcoin loans not affected by interest limitation act, as crypto is not ‘money’
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Celsius cofounder, chief strategy officer resigns: report
Bankrupt crypto lender Celsius’ cofounder and chief strategy officer S. Daniel Leon has resigned, a week after the company’s CEO Alex Mashinsky stepped down, according to an internal company memo viewed by CNBC. See related article: Alex Mashinsky steps down as Celsius CEO Fast facts The company’s previous global tax director, Lior Koren, is taking…