Friday, December 29, 2023

Judge denies Changpeng Zhao’s 2nd attempt to travel to UAE

 Lawyers representing the former Binance CEO filed a new motion on Dec. 27 with sealed medical information about Changpeng Zhao’s child in Dubai.

Judge denies Changpeng Zhao’s 2nd attempt to travel to UAENEWS

Former Binance CEO Changpeng “CZ” Zhao will still not be allowed to leave the United States ahead of his sentencing hearing following an order from a federal judge.

In a Dec. 29 ruling as part of a hearing in U.S. District Court for the Western District of Washington in Seattle, Judge Richard Jones denied a motion from CZ requesting permission to travel outside the country. The reasons for the second motion were unavailable to the public, having been sealed by the court, but CZ’s legal team suggested it involved “medical information regarding Mr. Zhao’s child.”

Sunday, December 24, 2023

Crypto Expert Chosen by Erdogan for Turkey’s Central Bank Board

Turkey President Recep Tayyip Erdoğan has appointed professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s rate-setting committee.

According to a recent report from Bloomberg, the nomination of Ozkul was announced in a decree on December 22.

Since 2012, Ozkul has been a lecturer at Istanbul’s Marmara University, with a focus on accounting, finance, and auditing. 

Wednesday, December 20, 2023

Ripple Policy Head Sees Tokenization Fueling Regulatory Boost in APAC

 Rahul Advani, Ripple Labs Inc Policy Director is the latest to give his prediction for crypto in the coming year. Advani expects that tokenization will trigger a boost in regulation within the Asia Pacific region popularly referred to as APAC.

APAC Region to Focus on Crypto Regulation

The Policy Head was clear about his thoughts on tokenization for 2024. He stated that an increased interest in tokenization will make regulation in Decentralized Applications (DApps) all the more a priority in the region. The growing interest in tokenization is already evident in the crypto industry with several crypto projects adopting the technology.

Tuesday, December 19, 2023

Access to Binance's Law Enforcement Request Panel Is for Sale for $10K

 Binance uses a third-party service called Kodex to validate law enforcement requests.

A bad actor is selling access to Binance’s law enforcement request panel, which provides lawful access to account data, for $10,000 in bitcoin (BTC) or monero (XMR).

Binance provides access via a third-party service called Kodex, commonly used by online financial institutions or social media platforms to validate law enforcement requests and facilitate access.

InfoStealers, a publication covering the Darknet and data breaches, reported that three computers belonging to law enforcement officers from Taiwan, Uganda, and the Philippines were compromised in a global malware campaign in 2023, leading to stolen browser-stored credentials and unauthorized access to Binance’s login panel.

Saturday, December 16, 2023

U.S. SEC Denies Coinbase's Push for Crypto Regulations as 'Unwarranted'

The U.S. exchange had formally petitioned the agency to start writing comprehensive crypto rules, but after "careful" consideration, the SEC said no.

The biggest and most established global hub for everything crypto, blockchain and Web3.

Coinbase has waited since 2022 for a response from the Securities and Exchange Commission on its formal petition to request tailored regulations for crypto, even seeking to force an answer through the courts, and the rejection has now arrived.

'Groundhog Day' in Crypto as Bitcoin Again Plunges Following New Record

The world's largest crypto briefly rose above $70,000 Friday, but immediately tumbled about 5% to below $67,000 It's deja vu all ove...