TokenPost reporter
Marthon Guanzon
Reporter
Stories by Marthon Guanzon
- Eeon's Attempt to Meddle in SEC-Binance Dispute Gets Halted
Eeon's attempt to intervene in the SEC's lawsuit against Binance is rejected by both parties, highlighting its lack of legal standing.
· Regulation
- U.S. Lawmakers Query Apple as App Store Gets Updated Guidelines and Latest Tech
U.S. Representatives Schakowsky and Bilirakis question Apple's App Store policies, fearing they may stifle innovation in technologies like blockchain and NFTs.
· Regulation
- X Ponders Bitcoin Payments Following Ad Revenue Sharing Announcement
X, formerly known as Twitter, is contemplating Bitcoin payments in light of its new ad revenue sharing program, generating mixed responses from its user community.
· Business
- South Korea Explores Jeju, Busan, and Incheon for CBDC Pilot Program
South Korea's central bank narrows down the options for the CBDC pilot to Jeju, Busan, and Incheon. They aim to experiment with public payments, excluding Seoul.
· Regulation
- Investment Guru Mike Novogratz Shares Secret Recipe for a High-Risk, High-Reward Portfolio
Galaxy Digital's Mike Novogratz proposes an ideal high-risk investment portfolio including Alibaba, Bitcoin, Ethereum, and precious metals, and discusses significant 2023 Bitcoin developments.
· Investing
- Coinbase CEO Sees Frenzied Memecoin Trade Following Massive Gains and Risks
Memecoin trading surged on Coinbase's Base, marked by astounding gains and potential scams. Despite certain investors striking it rich, experts caution about the inherent risks in such volatile market.
· Investing
- Twists and Turns in the Legal Saga of FTX Founder Continue as Charge Dropped
The Department of Justice drops a charge against FTX founder Sam Bankman-Fried, while remaining steadfast in pursuing his prosecution on multiple other charges.
· People
- DFINITY Founder Shares the Uncharted Intersection of Blockchain's Decentralization with AI
Merging AI with blockchain can bolster trust, transparency, and security in AI, promoting broader acceptance.
· Business
- SEC Receives Blow from Court, Upending the Classification of SPIKES Index
The SEC's previous classification of SPIKES Index as 'futures' was reversed by a court ruling, causing a significant regulatory and market shift.
· Regulation
- Ethereum Celebrates Eight Years, Experts Share Transcending Blockchain Boundaries
Ethereum marks its eighth birthday as a pioneering force in crypto, boasting immense growth, enabling blockchain innovation, and transitioning towards sustainable protocols.
· Business
- Cryptocurrency Theft Surge Traced Back to BNB Smart Chain and Vyper Fault
A flaw in the Vyper programming language used in BNB Smart Chain has led to crypto thefts, mirroring incidents on DeFi protocol Curve Finance, with losses exceeding $41 million.
· Business
- Bendigo Bank of Australia Lays Down Crypto Barriers for Elevated Risk Management
Bendigo Bank introduces restrictions on immediate crypto payments to protect its customers from scams, echoing actions of three other Australian banks.
· Regulation
- New Legislation Threatens Stability of Circle’s USDC and May Impact Coinbase's Future Revenues
The recent amendment in the 2024 National Defense Authorization Act may introduce uncompliable KYC measures for stablecoins like USDC.
· Regulation
- IRS Declares Digital Currency Staking Rewards Must Be Included as Gross Income
The IRS has issued a ruling declaring that crypto staking rewards must be included as gross income in the U.S., at their fair market value when received.
· Regulation
- Trading Halts on LeetSwap Amid Security Breach Concerns, Leading to $630,000 Potential Exploit Investigation
LeetSwap halts trading to investigate a potential $630,000 exploit in its liquidity pools, engaging security experts to unravel the breach's details.
· Investing
- Binance's Changpeng Zhao Advocates for More Stablecoin Choices; Plans to Launch New Digital USD in Hong Kong
Binance CEO Changpeng Zhao expresses concerns about major stablecoins and reveals plans to diversify with smaller algorithmic options and a new Digital USD in Hong Kong.
· Investing
- Cryptocurrency Market Faces Unprecedented Outflows of $486 Million Following Major Hacks and Legislative Changes
In July 2023, the cryptocurrency market faced $486 million in outflows following major hacks and legislative activity, with 99% of the stolen assets remaining unrecovered.
· Investing
- New Technology Offers Hope for Preserving and Authenticating Historical Artifacts through Blockchain
Salsal, a groundbreaking blockchain-based service by two academics, aims to protect, authenticate, and record historical artifacts, ushering a new era in cultural preservation.
· Business
- Memecoin Investors Left Stranded as BALD Token's Value Plummets Following Developer's Action
Investors experienced a dramatic loss as the BALD memecoin's value plummeted 85% after its developer allegedly pulled $1.9 million in liquidity from Coinbase's Base network.
· Investing
- Team Behind Bitcoin Ordinals Focuses on New NFT Development, Guided by Influential Crypto Personalities
The California-based Open Ordinals Institute, dedicated to supporting NFTs on Bitcoin's blockchain, has launched with a strong team, including the influential Casey Rodarmor.
· Investing
- Curve Founder Michael Egorov Takes Surprising Measures to Stay Afloat After DeFi Debt Crisis
Michael Egorov, founder of Curve Finance, sold 50 million CRV tokens at a discount to questionable buyers, aiming to alleviate his significant DeFi debt, sparking concerns and ethical debates.
· Business
- Kenyan Government Hits Pause on Worldcoin Activities, Launches Investigation
Kenya's government has suspended Worldcoin's activities, citing concerns over iris scanning for digital IDs. An investigation into the legality and potential risks is now underway.
· Regulation
- MicroStrategy Sees Financial Uptick in Second Quarter Following Bitcoin Investment, Plans to Expand Crypto Holdings
MicroStrategy turned a profit in Q2 2023, thanks to reduced impairment losses and Bitcoin price surge; plans to expand Bitcoin holdings.
· Investing
- FTX's Bankruptcy Exit Strategy Faces Opposition from Customer Committee; UCC Alarmed by Lack of Engagement
FTX's draft bankruptcy exit plan faces strong criticism from its Unsecured Creditors Committee, who claim they were ignored and demand changes.
· Business
- GameStop’s Decision to Withdraw Digital Wallets Causes Ripples Amid Regulatory Questions
GameStop is set to withdraw its digital wallets in November due to regulatory uncertainty in the crypto space, reflecting the broader legal ambiguity affecting the industry in the United States.
· Investing
- SEC's Pierce Challenges Agency's Stance on Crypto Firm Auditing
SEC Commissioner Hester Pierce questions the agency's advisory to accounting firms about non-audit work for crypto firms, sparking a debate on transparency and ethical considerations.
· Regulation
- Technical Hurdles Delay Binance's Rollout of First Digital USD Stablecoin Trading
Technical problems delay Binance's FDUSD stablecoin trading launch; all transactions paused to protect users amid liquidity providers' issues.
· Business
- Skeptical Financial Analysts Weigh in on the Prospect of Central Bank Digital Currencies
Survey reveals a lukewarm response from financial analysts regarding the implementation of central bank digital currencies, with diverse opinions across regions and professions.
· Investing
- Milano Hub Backs Innovative Study on Decentralized Finance Security Tokens
The Bank of Italy's Milano Hub supports Cetif Advisory in researching a security token ecosystem for institutional DeFi, hoping to enhance understanding and safety.
· Regulation
- Binance Unveils “Bixel,” an AI-Powered NFT Artwork Generator Despite Current Controversies
Binance introduces "Bixel," an AI-powered NFT artwork generator, amidst controversy over plagiarism allegations from a previous hackathon winner.
· Investing
- Meta Platforms Hit with $14M Penalty Over Data Collection Misstep Down Under
Facebook's parent company, Meta Platforms, has been slapped with a $14 million fine by the Australian court over improper data collection through a now-defunct app.
· Business
- Regulatory Ambiguities Engulf Crypto: Congressional Committee Contemplates Diverse Options
The U.S. House Financial Services Committee deliberates on a range of bills aimed at bringing regulatory clarity to the crypto industry amidst diverse opinions.
· Regulation
- Court Considers Seizing Quarter Billion Dollar Bail of Ex-FTX CEO AFter Intimidation Claims
Ex-FTX CEO, Sam "SBF" Bankman-Fried, might lose his $250 million bail over alleged intimidation attempts against a former partner, pending court decisions.
· People
- SushiSwap Partners with Core Blockchain, Enhancing Opportunities for DeFi Developers
SushiSwap, a decentralized finance platform, is set to integrate with Core blockchain, enhancing developer opportunities and functionalities within both ecosystems. This partnership also improves security and scalabil…
· Investing
- MicroStrategy Plans to Expand Bitcoin Holdings Despite Expected Spot ETFs, Says Company Co-Founder Michael Saylor
MicroStrategy's co-founder, Michael Saylor, expressed confidence in expanding the firm's Bitcoin holdings, despite potential ETF approvals, and plans a $750 million share sale to acquire more Bitcoin.
· Investing
- Robinhood Markets Triumphs with First-Time Profit, Overcoming Revenue Decline in Second Quarter of 2023
Robinhood records its first profit as a public company in Q2 2023, overcoming a decline in revenue, with net income of $25 million.
· Investing
- Urgent Call to Close Tax Loopholes Surrounding Cryptocurrencies Spurs Controversy in U.S. Political Circles
U.S. Democratic Senators have urgently called on the IRS and Treasury to close cryptocurrency tax loopholes, warning of significant revenue loss.
· Regulation
- New Study Reveals Surprising Connection Between Twitter Bots and Rising Altcoin Prices
A recent study by the Network Contagion Research Institute reveals Twitter bots' significant role in inflating altcoin prices, raising questions about orchestrated influence, including a potential link to FTX and cele…
· Business
- Thailand Researcher Unveils Groundbreaking Method to Assess Risk in Blockchain Banking
Chulalongkorn University's Kanis Saengchote develops G-SIP, a unique framework to identify and measure systemic risk in decentralized finance, inspired by traditional banking protocols.
· Business
- MIT and Boston's Federal Reserve Break New Ground with Experimental Crypto Platform PArSEC
MIT's Digital Currency Initiative, in collaboration with Boston's Federal Reserve, has revealed the PArSEC platform.
· Business