Former BitMEX CEO Arthur Hayes is slated for sentencing this Friday after pleading guilty to violating the US Bank Secrecy Act (BSA). Though Hayes faces a possible maximum sentence of five years in prison, it's uncommon for BSA violations to result in jail time. The sentencing will close a legal cha...
Pantera Capital, one of the high-profile backers of Terraform Labs, cashed out nearly 80% of its Terra (LUNA) investment well before TerraUSD (UST) collapsed last week. "The market has been fairly frothy over the last year and thus we'd exited the majority of our position before any of this happene...
Paris, France, 18th May, 2022, ChainwireFrench startup Sneakmart will bring its Metakicks sneaker NFTs to the Metaverse in 2022. With these NFTs, users can customize their virtual avatars and unlock various benefits in the digital world.  Sneakmart has a vision for the Metaverse, which involves...
Ethereum's main public testnet, Ropsten, is set to undergo "the merge" next month in one of the final preparations before the main Ethereum blockchain can switch to proof-of-stake consensus.  Parithosh Jayanthi, who works in devops at the Ethereum Foundation, merged the pull request on GitHub today,...
Securities and Exchange Commission chair Gary Gensler told a Congressional subcommittee Wednesday that his agency needs more human resources as it looks to regulate the US crypto space. “I wish we had more to dedicate to this," he said in response to questioning from Rep. Steve Womack about the SEC'...
A specialized financial crimes unit has been tasked with investigating last week’s collapse of the Terra blockchain’s main cryptocurrencies while founder Do Kwon faces hefty tax fines, according to South Korean media reports. The group, consisting of prosecutors and employees from the Financial Serv...
Meta, formerly Facebook, has submitted five trademark applications in the United States for what appears to be new digital platform dubbed Meta Pay. The trademark applications, filed on May 13, described Meta Pay as an “online social networking service for investors allowing financial trades and exc...
The floor price of the popular NFT collection Bored Ape Yacht Club (BAYC) fell below $200,000 on Wednesday as the NFT market continues to slide.  BAYC has seen its floor price — a measure of the cheapest NFT in the collection — fall significantly in May. It’s currently at around $198,000, according ...
Lens Protocol, a network for building decentralized social media, has gone live on the Polygon blockchain. According to a media statement, more than 50 applications have debuted on Lens Protocol. These include Lenster, Lens Booster, SpamDAO, GoldenCircle, PeerStream, Swapify, Social Link and others...
LKB & Partners, one of the top law firms in South Korea, has decided to sue Terraform Labs founder and CEO Do Kwon after the sudden collapse of TerraUSD (UST) last week, Korean media reported on Wednesday. LKB will file the case against Kwon, a Korean national, on behalf of ordinary investors to...

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