Crypto News and Updates

In a curious turn of events, Thevamanogari Manivel and her husband Jatinder Singh are facing trial over a theft charge. The Melbourne couple received an accidental transfer of 10.5 million Australian dollars ($6.7 million) from Crypto.com in May 2021. Initially, the couple attempted to transfer 100 AU$ to Singh’s Crypto.com account, but due to a mismatch between the bank and exchange accounts, a refund was issued. However, Crypto.com mistakenly sent 10.5 million AU$ instead.

The blunder

The crypto exchange FTX has seen a surge in interest from debt investors amidst its ongoing bankruptcy, with investment firms such as Silver Point Capital, Diameter Capital Partners, and Attestor Capital purchasing over $250 million of FTX debts in 2023. This rush is due to the belief that the firm’s bankruptcy resolution could unlock additional value. However, the exact worth of a collapsed crypto firm like FTX remains uncertain.

The price of some FTX claims has dramatically increased

In a recent report, the European Parliamentary Research Service (EPRS) emphasized the necessity for stringent oversight from non-European Union regulators to enhance stability and growth in the worldwide cryptocurrency market. This comes in light of the Markets in Crypto-Assets Regulation (MiCA) Act, due for implementation by December 2024.

The report warned about potential risks to the EU’s financial system and autonomy due to dependency on non-EU countries’ policies, particularly wher

Argentina’s struggle with hyperinflation has been ongoing for several decades, with failed policies leading to potential full-scale currency collapse. However, Bitcoin’s potential as a viable alternative has been put to the test. Despite a significant increase in the Bitcoin price in Argentine pesos, it has not kept pace with the country’s 300% inflation over the last two years.

Bitcoin’s price rose from 7.84 million pesos to 16.6 million pesos over two years, a 150% increase. However,

Poland’s Personal Data Protection Office (UODO) has initiated an investigation into OpenAI, following a complaint by an unnamed individual. The complainant alleges that OpenAI’s ChatGPT processed his data in an illegal and unreliable manner, also stating that the company didn’t fulfill his requests as per the European General Data Protection Regulation (GDPR) guidelines.

This isn’t the first time that OpenAI has been scrutinized over possible GDPR non-compliance. Earlier this year, Ital

According to the founder of enterprise blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. Concordium, Lars Seier Christensen, the next cryptocurrency bull market won’t resemble the previous one. He suggests that despite the majority of the crypto market looking at Bitcoin ETFs with optimism, their approval won’t be an immediate driver for the markets. He expects the next industry growth to be more gradual over the next 18 months.

However, Ben Simpson, founder of crypto education platform Collective Shift, disagrees and believ

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A bill aiming to regulate cryptocurrency donations in political campaigns in Kansas, United States, has been postponed until January 2024. The bill, HB 2167, was introduced on Jan. 25, 2023, and proposed a $100 limit on all political donations in primary or general elections, requiring politicians to convert the crypto donations to U.S. dollars immediately. However, the bill failed to comply with the state’s Rule 1507 and was therefore struck from the calendar.

The Kansas Governmental E

Rashawn Russell, a former investment banker at Deutsche Bank, has pleaded guilty to investment fraud related to a deceptive cryptocurrency trading scheme. In this fraudulent crypto investment fund known as the ‘R3 Crypto Fund’, Russell duped 29 investors out of $1.5 million between November 2020 and August 2022.

Russell manipulated his standing as an investment banker and licensed financial broker to assure investors of guaranteed, sizable returns from a series of crypto investments. Ho

Hester Peirce, a commissioner with the United States Securities and Exchange Commission (SEC), has called for lawmakers and regulators to provide clarity on digital assets regulations. Peirce expressed her surprise at the SEC’s slow progress in developing a regulatory framework for cryptocurrencies. She highlighted the advancements made by countries like Switzerland and Singapore in this regard. Peirce emphasized the need for concrete ideas and communication between institutions and the SEC to m