Poloniex Will Pay $7.6M in Settlement with OFAC
The Office of Foreign Assets Control (OFAC) has determined that the platform had conducted 66,000 transactions worth more than $15.3 million in “prohibited jurisdictions.”
SEC Fines Crypto ATM Provider Coinme Almost $4 Million
Coinme, Up Global, and Neil Bergquist, CEO of both firms, have settled a dispute with the US Securities and Exchange Commission (SEC).
Block Develops Prototype Chip for Crypto Mining
Jack Dorsey’s Block has announced the completion of a prototype open source Bitcoin mining ASIC chip.
Genesis Lenders Don’t Agree with Current Restructuring Plan
A group of creditors for Genesis have rejected the restructuring deal that had been agreed to in February.
CoinShares: Weekly Investment in ETH-based Products Increases Following Shapella Upgrade
Last week saw Ethereum-linked digital asset investment products experience net inflows of around $17 million.
Miners Greenidge Generation and Core Scientific Enter Into a Partnership
Greenidge Generation has formed a partnership with competitor Core Scientific to host 6,914 Bitcoin mining devices at Core Scientific’s sites for one year.
South Korea’s Prosecutor Files Charges Against Terra Co-founder Daniel Shin
South Korean prosecutors indicted on April 25 Terraform Labs co-founder Shin Hyun-seung on allegations of fraudulent transactions related to the company’s cryptocurrency project.
South Korea Approves First Phase of Review of its Crypto Bill
The first phase of review for South Korea’s legislation on how to regulate digital assets was passed on Tuesday in the country’s National Assembly.
ARK and 21Shares Submit New Application for Bitcoin ETF
ARK Invest and 21Shares have filed a third request to launch an ETF based on Bitcoin, which would provide US investors with protection that does not currently exist.
FTX Plans to Raise $50M from LedgerX Sale
FTX has reached an agreement with its subsidiary M7 Holding to sell its cryptocurrency derivatives platform LedgerX for $50 million.
Auditor Deloitte is Hiring Crypto Experts
Leading auditing firm Deloitte has recently posted over 300 job openings on LinkedIn and Google Jobs related to digital assets and Web3.
Coinbase Sues The Securities and Exchange Commission
Coinbase has filed a lawsuit to get the SEC to respond to a petition filed in July 2022.
