Arbitrum Foundation’s $1 Billion Token Scandal Explodes
Arbitrum Foundation under fire for $1 billion token allocation, as community cries foul. Foundation backtracks, cites communication issues.
Arbitrum Foundation under fire for $1 billion token allocation, as community cries foul. Foundation backtracks, cites communication issues.
The US government’s strict crypto regulations may inadvertently turn Hong Kong into a major crypto hub, says Kaiko CEO Ambre Soubiran.
Binance, its CEO, and three crypto influencers confront a $1B legal battle over promoting unregistered securities, affecting millions of investors.
Swiss non-profit ZeroSync and Blockstream aim to broadcast Bitcoin zero-knowledge proofs via satellite for faster node syncing and global access.
Elon Musk’s lawyers request dismissal of a $258B lawsuit alleging Dogecoin pyramid scheme promotion, calling his tweets innocuous and silly.
Shibarium’s Puppynet testnet sees a spike in activity, processing 700,000+ transactions, signaling excitement for the upcoming mainnet release.
Binance.US temporarily suspends services, including Binance USD stablecoin pairs, amid global banking turmoil and legal challenges.
FTX EU launched a new website, approved by CySEC, to assist European customers in submitting withdrawal requests after the platform’s collapse.
ANZ Bank is moving toward digital banking, raising concerns over the impact on older customers and fueling the debate over the future of cash and CBDCs.
BRICS countries unite to create a new currency, shifting global power dynamics and challenging US dollar hegemony.
Japan’s Finance Ministry to form expert panel for assessing digital yen viability, following Bank of Japan’s 2-year technical study.
Hong Kong investors are making a bold statement in the world of cryptocurrency as they launch a controversial $100 million fund named ProDigital Future. This fund, targeting early-stage Web3 companies in the region, marks Hong Kong’s re-emergence as a key player in the digital industry. A Bloomberg report dated March 30 revealed that ProDigital Future has successfully amassed around $30 million in funds during its half-year fundraising period. However, the ambitious investors have set their sights on raising a staggering $100 million by the end of 2023. The fund is spearheaded by Ben Ng, a partner at Hong Kong-based equity