News Editor
CoinEx Settles for $1.7 Million, Ceases New York Operations
TL;DR Breakdown
CoinEx, a Hong Kong-based crypto trading platform, will pay $1.7 million and halt operations in New York.
$1.1 million will be used for refunds...
Terraform Labs co-founder Do Kwon faces extradition custody in Montenegro amid...
TL;DR Breakdown
Terraform Labs co-founder Do Kwon faces extradition custody in Montenegro as South Korea seeks his repatriation, with the court ordering a six-month custody...
Voyager App to Resume Customer Withdrawals, Initiating Recovery Process
TL;DR Breakdown
Voyager app set to reopen: Customers will soon be able to withdraw their funds from the Voyager app after the company's Chapter 11...
Cryptocurrency lender Celsius’s bankruptcy plan faces creditor pushback
TL;DR Breakdown
Celsius has made progress in relaunching operations by submitting an amended bankruptcy plan.
The Fahrenheit consortium has won the bidding for Celsius' assets.
Creditor pushback...
Brazil’s new legislation sets the stage for cryptocurrency success under president...
TL;DR Breakdown
President Lula drives regulatory clarity for cryptocurrencies in Brazil, acknowledging their growing significance.
The new legislation grants unprecedented authority to Brazil's Central Bank, ensuring...
Kenya urges Africa to dump the US dollar
TL;DR Breakdown
Kenya's President, William Ruto, urges Africa to move away from using the U.S. dollar in intra-continental trade.
Ruto champions the Pan-African Payment and Settlement...
SBF to be prosecuted on original 8 charges
TL;DR Breakdown
The criminal trial of SBF, co-founder of FTX, is set to proceed with the original eight charges filed against him by U.S. prosecutors.
The...
The U.S. is still undecided on issuing CBDC
TL;DR Breakdown
The U.S. is yet to make a decision on issuing a Central Bank Digital Currency (CBDC).
The launch of FedNow aims to revolutionize payment...
Egypt joins BRICS in shifting away from US Dollar in trade...
TL;DR Breakdown
Egypt has joined the BRICS economic bloc in shifting away from the US dollar for trade settlements, opting to use local currencies such...
US Treasury Secretary Janet Yellen anticipates slow decline in Dollar’s reserve...
TL;DR Breakdown
U.S. Treasury Secretary Janet Yellen believes the dollar's global reserve share will gradually decline, but no alternatives can fully replace it due to...
