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OKEx Founder Star Xu Arrested After Crypto Exchange Suspends Withdrawals

OKEx Founder Star Xu Arrested After Crypto Exchange Suspends Withdrawals

Following the sudden suspension of OKEx's withdrawal services, it has been reported that the exchange's founder Star Xu has been taken into police custody.

Bitfinex Permitted to Withhold Documents About Alleged $850 Million Cover-up

Bitfinex Permitted to Withhold Documents About Alleged $850 Million Cover-up

The Appellate Division of the New York Supreme Court has ruled that Bitfinex is legally allowed to withhold documents pertaining to the alleged cover-up of an $850 million loss on its trading platform.

Binance Announces New Global Merchant Program for Crypto Peer-to-Peer Users

Binance Announces New Global Merchant Program for Crypto Peer-to-Peer Users

Leading cryptocurrency exchange Binance has announced a new program into its array of programs and services. This program is available for all users and members of the platform as the exchange aims to service P2P users very better and to ensure optimal liquidity for them.

Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco

Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco

Senator Brown compared Facebook's Libra to the subprime mortgage scenario. His sentiments show the divided debate facing the Libra project.

Bitcoin’s Dominance Peaks as BTC Price Unmoved by XRP's Massive Sell-Off

Bitcoin’s Dominance Peaks as BTC Price Unmoved by XRP's Massive Sell-Off

Bitcoin’s dominance has reached a new high, and BTC’s dominance has not had much rejection so far.

Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency

Visa has filed a patent application to create a blockchain-based digital currency on a centralized computer, according to a publication by the US Patent and Trademark Office (USPTO). The patent was originally filed in November 2019, and was described as “Digital Fiat Currency.” The US dollar was mentioned as one of the fiat currencies to be used potentially, although the patent could also apply to other central bank digital currencies including the pound, yen, and the euro.

Singapore State Investor Temasek Joins Libra Association, Facebook’s Global Digital Currency Project

Singapore State Investor Temasek Joins Libra Association, Facebook’s Global Digital Currency Project

Singapore’s state investor, Temasek Holdings has officially been named a member of the Facebook-backed digital currency project Libra. Temasek as a portfolio value of 313 billion Singapore dollars (roughly $219 billion), making it one of the more prominent backers of Libra. The Libra Association, an independent group based in Switzerland has also welcomed crypto investor Paradigm and Slow Ventures, a private equity firm.

Data-Hungry: Official Trump 2020 Election App Collects User Data of Voters

Data-Hungry: Official Trump 2020 Election App Collects User Data of Voters

US president Donald Trump’s campaign app “Official Trump 2020 App” raised a lot of skepticism, as it has been uncovered that the election app collected mast amounts of sensitive information on his voters.

South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader

South Korean Court Apprehends Crypto Assets of “Nth Room” Ringleader

A South Korean court has frozen 15 cryptocurrency wallets belonging to Cho Ju-bin, the orchestrator of the “Nth Rooms” scandal. It came to the limelight following a national outcry following the sexual exploitation of underage girls by Cho Ju-bin and his team who was named and paraded through the Korean streets to face the public in March.

Crypto.com Partners with Leading Tax Providers to Simplify Reporting Process

Crypto.com Partners with Leading Tax Providers to Simplify Reporting Process

Crypto.com, a pioneering payment and cryptocurrency platform, has partnered with three reputable tax providers namely, Token Tax, CryptoTrader Tax, and CoinTracker for simplified tax reporting with the click of a button. This decision was arrived at following requests by the Crypto.com community to be tax compliant.

US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy

US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy

United States Commissioner of the Commodities and Futures Trading Commission (CFTC), Brian Quintenz spoke about the current and future regulation in Fintech at the Singapore Fintech Festival held last week.

Ransomware Group Demands $4M in Bitcoin from Argentina, Border Activity Halted for 4 Hours

Ransomware Group Demands $4M in Bitcoin from Argentina, Border Activity Halted for 4 Hours

A Bitcoin ransomware attack was directed towards Argentina’s immigration agency, halting border crossing temporarily.

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