Thodex CEO Sentenced to Prison for Not Submitting Crypto Tax Documents
Crypto Exchange Founder Receives Prison Sentence Faruk Fatih Özer, the founder and former CEO of Thodex, was detained in Türkiye three months ago and has since been handed a prison…
Bankrupt Celsius to Spend $24M from GK8 Sale on Legal Expenses Related to Crypto
Celsius Network’s Debtors Reach Settlement The debtors of the bankrupt cryptocurrency lending firm Celsius have requested the court to grant relief in the motion related to the distribution of funds…
Marathon Shareholders Sue Company’s Top Management Over Crypto Investments
The Allegations Against Marathon Digital Executives United States-based crypto mining company Marathon Digital is facing a lawsuit from its shareholders, who allege that its CEO Fred Thiel, along with other…
AI and Crypto Strategies Keep EU on Top of Web3
The European Union has been vocal about its place in the rapidly expanding ecosystem of emerging technologies, such as soundhound AI, AI articles, AI reporter, etc. It has been a…
Coinbase CEO to Discuss Crypto Legislation with US Lawmakers
Coinbase CEO to Discuss Crypto Legislation with Congress Brian Armstrong, the CEO of United States-based cryptocurrency exchange Coinbase, is planning to meet with members of Congress to discuss digital asset…
US Lawmaker Urges SEC Chair to Rethink Crypto Following Ripple Ruling
Ritchie Torres Calls on SEC to Reconsider Crypto Regulations New York Rep. Ritchie Torres has urged United States Securities and Exchange Commission (SEC) Chair Gary Gensler to rethink the regulator’s…
Could the European Commission’s Web 3.0 Strategy be a Failure?
The EU’s Strategy for Web4 and Virtual Worlds On July 11, the European Commission unveiled its new strategy for Web4 and virtual worlds, with the goal of creating “an open,…
Nevada Court Approves Regulator’s Action to Place Prime Trust into Receivership
Nevada Court Grants Petition to Place Crypto Custodian Prime Trust Into Receivership The Eighth Judicial District Court of Nevada has granted a petition from the state’s Financial Institutions Division (NFID)…
Australia’s Financial Regulator Cancels License for FTX’s Crypto-Related Entity
FTX Australia Loses Financial License The Australian Securities and Investments Commission (ASIC) has finally canceled the financial license of FTX Australia, the local subsidiary of the bankrupt crypto exchange. The…
China’s Approval – The Key to Hong Kong’s Future with Crypto and AI
Cryptocurrency and Web3 in Hong Kong Yat Siu, co-founder of the local game software firm Animoca, believes that the rapid adoption of cryptocurrencies and Web3 in Hong Kong is a…