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As the legal proceedings against Do Kwon, the founder of Terraform Labs, intensify, U.S. prosecutors are preparing to sift through an enormous volume of data. The prosecutors are set to review “multiple terabytes” of communications from Kwon, who faces charges related to the collapse of the Terraform Labs ecosystem, including fraud, conspiracy, and market manipulation. The trial date is fast …

Bullish, a prominent cryptocurrency exchange, has secured licenses from the German Federal Financial Supervisory Authority (BaFin), marking a significant milestone in its global expansion strategy. The move positions Bullish to operate within the European Union under the new Markets in Crypto-Assets (MiCA) regulations, which are set to standardize and strengthen the crypto industry across Europe. This milestone not only bolsters …

In a move set to further shape the future of the cryptocurrency space, venture capital giant Andreessen Horowitz (a16z) has announced the launch of a new accelerator program aimed at supporting the next wave of crypto startups. Scheduled to begin in Spring 2025, the accelerator will provide early-stage companies with the resources, mentorship, and funding needed to scale and innovate …

In a significant development, Sberbank, Russia’s largest state-owned bank, has urged the Russian government to delay the launch of the digital ruble until 2026. Initially slated for introduction in the coming years, the proposed delay has sparked discussions about the digital currency’s potential impact on Russia’s financial ecosystem and its integration with global monetary systems. Sberbank’s suggestion highlights concerns about …

Hong Kong has taken a bold step towards revolutionizing its financial sector by launching a new initiative aimed at accelerating the adoption of blockchain technology in the banking industry. The move, announced by the Hong Kong Monetary Authority (HKMA), is designed to strengthen the city’s position as a global financial hub while embracing the digital transformation sweeping across the global …