Here’s what happened in crypto today

Do Kwon, the disgraced co-founder of Terraform Labs, will reportedly be extradited to the United States. Meanwhile, Robinhood has launched crypto trading services in Europe, with over 25 cryptocurrencies available for trade, and presidential hopeful Vivek Ramaswamy has slammed SEC chair Gary Gensler and other “three-letter agencies” in the 4th Republican presidential debate. Do Kwon … Read more

Why is Bitcoin price down today?

Bitcoin (BTC) price encountered resistance at $38,400 on Nov. 29, subsequently retracting to the crucial $37,500 support level. This movement may have been caused by several interlinked factors, including heightened regulatory scrutiny, Bitcoin miners’ net outflows, concentrated institutional buying activity and macroeconomic indicators. Binance is not an outlier: multiple exchanges are on the hook The … Read more

Kraken co-founder slams ‘decel’ SEC, warns others should flee US

Kraken co-founder Jesse Powell has lashed out at the Securities and Exchange Commission after it sued his crypto exchange for alleged securities law violations.  In a Nov. 21 post to X (formerly Twitter), Powell called the regulator “USA’s top decel” — a term used in tech circles to insult someone who slows progress — and … Read more granted Dubai crypto license

Crypto exchange’s Dubai entity was granted a Virtual Assets Service Provider (VASP) license by the city’s regulator, pending operational approval. In a Nov. 14 press release, said that once fully approved by Dubai’s Virtual Assets Regulatory Authority (VARA), its local business CRO DAX Middle East FZE can offer retail and institutional investors exchange, … Read more

Fake Ledger Live app sneaks into Microsoft’s app store, $588K stolen

Almost $600,000 in Bitcoin (BTC) has been stolen from users who downloaded a fake Ledger Live application on Microsoft’s app store, according to cryptocurrency sleuth ZachXBT. The on-chain analyst spotted the scam, “Ledger Live Web3” on Nov. 5, which is tricking users into thinking that they’re downloading “Ledger Live” — a user interface for Ledger … Read more

Bitcoin-friendly El Salvador can become ‘Singapore of the Americas’: VanEck advisor

El Salvador can follow Singapore’s lead and become a financial center in the Americas, according to  Gabor Gurbacs, strategy advisor of investment management firm VanEck. “I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas,” Gurbacs explained in an Oct. 28 X post. … Read more

Crypto advocates file amicus brief to address users’ Fourth Amendment privacy rights

Cryptocurrency advocacy group DeFi Education Fund (DEF) has urged a United States court to consider the unique aspects of blockchain technology when evaluating the privacy rights of cryptocurrency users under the Fourth Amendment. DEF filed an amicus brief to the U.S. Court of Appeals (First Circuit) on Oct. 20, supporting James Harper’s appeal against the … Read more

California Gov. Newsom greenlights crypto regulation bill for 2025

California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations, set to begin in 18 months.  In a statement published on October 13, Newsom declared that the bill titled the ‘Digital Financial Assets Law,’ will make it mandatory for both individuals and firms to obtain a Department … Read more

Stars Arena secures funds to plug $3M exploit, set to reopen after security audit

Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also added that it will re-open the smart contract once a full security audit has occurred. In an announcement on X, the Stars Arena team noted: … Read more

SEC initiates legal action against FTX’s auditor

The United States Securities and Exchange Commission (SEC) has commenced legal proceedings against an accounting firm that had provided services to cryptocurrency exchange FTX prior to its bankruptcy declaration. According to a September 29 statement, the SEC alleged that Prager Metis provided auditing services to its clients without maintaining the necessary independence, as it continued … Read more