Four more individuals were arrested by the Japanese Financial Service Agency (FSA) in connection with their investigation into the JPEX crypto exchange. This follows the arrest of 14 people in November of last year. The FSA suspects that the exchange may have been used to cover up unlawful activities, such as money laundering. The individuals […]Read More

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Do Kwon, the South Korean entrepreneur behind collapsed $65 million stablecoin project Terra and its $27 million spinoff Luna, is reportedly fighting extradition from Malaysia, where he currently resides, to the United States. The Securities and Exchange Commission (SEC), which slapped Kwon with a lawsuit over Terra and Luna last November, accuses the entrepreneur of […]Read More

The European Union’s Markets in Crypto-Assets (MiCA) Law is causing some stir in the cryptocurrency world. The new regulation, which covers digital assets, exchanges, and custodians, is set to come into effect in the near future. One of the most contentious elements of the MiCA law is the requirement that any platform trading in digital […]Read More

The current bearish trend in the Bitcoin (BTC) market has seen the price of the world’s largest cryptocurrency drop below $27,000 in recent days. This is the first time since late December 2020 that BTC has ventured into this price range. Given the current market sentiment, it is difficult to accurately predict where BTC will […]Read More

Microsoft is planning to expand its support for cryptocurrency wallets across its upcoming hardware products, according to documents obtained by The Verge. Microsoft’s wallets will be integrated into a range of products, including the Xbox Series X, Xbox One X, HoloLens 2, and its Surface Duo device. The documents indicate that Microsoft is working on […]Read More

The U.S. Securities and Exchange Commission (SEC) recently unsealed a series of documents in a legal case against the U.S. arm of cryptocurrency exchange Binance. The documents, filed in the U.S. District Court of the Southern District of New York, revealed that the SEC has accused Binance of violating Securities Exchange Act Section 15(b) by […]Read More

Fortress Trust, a cryptocurrency exchange based in the United Kingdom, has suffered a security breach resulting in the theft of an undisclosed amount of crypto assets from the platform. According to early investigations, the incident was likely caused by a successful phishing attack against one of Fortress’ cloud vendors. Fortress Trust took immediate action in […]Read More

The US consumer price index (CPI) rose 0.6% in April 2021, marking the biggest increase in monthly inflation since August 2020. The inflation rate was up from a 0.4% gain in March and was the highest since the 0.8% rise seen in December 2019. The main drivers of the surge in inflation were increases in […]Read More