South Korea’s Justice Ministry has denied allegations that its officials hold cryptoassets. The media outlet Newsis had reported that Democratic Party MP Park Chan-dae had claimed that the Justice Minister Han Dong-hoon had “refused to disclose whether he owned cryptocurrency,” claiming that this information was “private and personal information.” The Ministry’s Response The Justice Ministry
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Rostin Benham, the Chairman of the Commodity Futures Trading Commission (CFTC), stated in an interview with Bloomberg’s Odd Lots podcast on May 18 that the agency does not have the legal authority to regulate cash crypto markets. Benham mentioned that the CFTC only has a limited authority to police cash markets if there is fraud
Ripple, the blockchain-based payments platform, has appointed Warren Jenson as the new Chief Financial Officer (CFO) to its board of directors. Jenson, who is also the CFO of market researcher Nielsen, will lead Ripple’s audit committee and oversee the auditing process of Ripple’s operations. The announcement came in a press release by the crypto firm
The US Department of Justice (DOJ) has charged a Nevada man, Bryan Lee, for his involvement in a cryptocurrency scheme called CoinDeal. Lee was accused of conspiring with Neil Chandran, the leader of CoinDeal, to defraud investors through Chandran’s companies. The Scheme Chandran’s companies, including ViMarket, claimed to be developing virtual reality (VR) and “metaverse”
The cryptocurrency industry has seen a rise in the liquidation of industry-leading cryptocurrency platforms and institutions, with Voyager Digital and Bittrex being the latest addition. Renowned crypto broker Voyager Digital filed for Chapter 11 bankruptcy protection on July 6th, 2022, becoming one of the casualties of chaos in the digital financial markets. The legal filing
The meme coin scene has been on the rise, and Copium ($COPIUM) is the latest entrant to join the frenzy. Copium made a grand entrance on Uniswap and within five hours of its listing, the value of the token soared to $0.0162, marking an 800% surge from its initial price. Although the price has since
US lawmakers from both political parties have introduced a bipartisan bill called the Power of the Mint Act to block the Federal Reserve from issuing a central bank digital currency (CBDC). The bill was introduced by Republican Representative French Hill of Arkansas and Democratic Representative Jake Auchincloss of Massachusetts. Hill stated that it was the
Westpac, the oldest bank in Australia, has banned cryptocurrency transactions to certain exchanges as part of a trial to reduce scam losses. The bank said that investment scams constitute a significant proportion of scam losses, with one-third of all scam payments transferred to cryptocurrency exchanges. The Australian Competition and Consumer Commission’s Scamwatch also reported that
The Texas legislature has passed a bill that requires cryptocurrency exchanges to provide a “proof of reserves.” This move is the latest by the state to regulate the digital asset industry. Details of the Bill The bill, known as HB-1666, was co-sponsored by state Republicans Rep. Giovanni Capriglione and Sen. Tan Parker. It applies to
A new meme coin called $COPIUM has taken the Web3 circles by storm thanks to its exciting NFT and token airdrop campaign. The coin was launched on decentralized exchange Uniswap at 4pm UTC and within minutes, it pumped 1000%. The token has quickly established itself as the meme coin to watch and is predicted to