Crypto community votes to rid BNB chain of MEV issues
On Feb. 7, Binance founder Changpeng Zhao posted a poll on X asking if BNB Chain should eliminate/aggressively reduce Maximal Extractable Value (MEV) issues. MEV issues reportedly cost BNB Chain users over $1 billion in the 2020s. Sure enough, over 80% of users voted for eliminating MEV issues. What is MEV? The term Maximal Extractable […]
CFTC acting chair Phams calls roundtable to tackle crypto issues
Caroline Pham said the CFTC would “get back to basics” by hosting a series of roundtable talks with crypto industry leaders to address regulatory pain points. On Jan. 27, Caroline Pham, acting chair of the Commodity Futures Trading Commission, said that the regulator plans to engage with digital asset stakeholders to discuss market structure and […]
South Korea’s regulator issues suspension warning to Upbit over 700,000 KYC violations
South Korea’s regulator is about to suspend Upbit’s operations, citing the exchange’s failure to properly implement KYC processes. South Korea‘s financial regulator, the Financial Intelligence Unit, has notified Upbit, the country’s largest crypto exchange, of a potential suspension over violations of the KYC requirements and AML obligations, the Maeil Business Newspaper has learned. The report […]
IRS issues temporary relief on crypto cost-basis method changes
The IRS’ new rules could have been “disastrous” for crypto taxpayers during the bull market, a crypto tax executive said. Source link
South Korean court issues arrest warrant for impeached President Yoon
A South Korean court has approved an arrest warrant for President Yoon Suk Yeol after he refused three summons requests from investigators. Source link
Financial Times issues ’apology’ to Bitcoiners after 13 years of criticism
The apology was wrapped in a “sorry, not sorry” tone as FT Alphaville’s city editor said the firm still stands by “every single one of those posts.” Source link
Legal issues surround the FBI’s creation of fake crypto tokens
Did the FBI token infringe copyright rules? Who should be responsible for AI agents and their crypto activities? Crypto lawyers weigh in. Source link
Sphere 3D’s legal issues escalate as Gryphon seeks to block $10M
Gryphon Digital Mining is seeking to block Sphere 3D from using $10 million from a recent settlement with Core Scientific. Source link
Crypto Biz: Exchanges face new legal issues, Goldman Sachs’ clients eye crypto, and more
Crypto exchanges, including KuCoin, Coinbase and Binance, are facing a new wave of regulatory hurdles worldwide. Source link
