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Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week. Ethereum remained above
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The single biggest claim involves unpaid partnership and income taxes
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On May 10, local news outlet Hankyung reported that Do Kwon, co-founder and former CEO of Terraform Labs, had over 233.3 billion Korean won ($176 million) in personal assets frozen as part of ongoing criminal proceedings.Chief Judge Yun Chan-Young of the 12th Criminal Division of the Seoul Southern District Court
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As stated in the Twilio Q1 2023 report, the net loss per share of GAAP loss and non-GAAP loss were $1.84 and $0.47 respectively. Cloud-based communication platform Twilio (NYSE: TWLO) has unveiled its financial results for the first quarter of 2023. The company reported a revenue of $1.01 billion in the first
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Kim Nam-kuk, a member of South Korea’s National Assembly, reportedly liquidated more than $4 million worth of crypto prior to lawmakers in the country enforcing the Financial Action Task Force’s “Travel Rule”.According to a May 8 report from The Korea Times, authorities with the Korea Financial Intelligence Unit are investigating
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After a turbulent month for the crypto industry in March, Bitcoin’s (BTC) price went sideways in April despite some volatility. The meteoric rise of memecoins, such as PEPE, made headlines, and First Republic, another mid-sized United States bank, went under. However, on the basis of current market sentiment is a standoff
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A suspect identified only as “Hong” was detained by local authorities and arrested in the Gansu district of China after allegedly using ChatGPT to generate fake news stories. According to a report from the South China Morning Post, Hong was detained after an investigation into an unsubstantiated article relating to a train
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The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit. Source
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The Australian blockchain company Everledger has reportedly entered insolvency proceedings after failing to raise new funding from an undisclosed investor.Everledger, which uses blockchain to track the provenance of diamonds and other goods, failed to make its latest funding round happen, the AFR reported on May 8.Subsequently, Everledger was quietly placed
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The European Union is now finalizing its landmark licensing regime known as the Markets in Crypto Assets (MiCA) regulation – something that could draw to the region crypto firms seeking regulatory clarity. Although Liechtenstein is not a member of the bloc, it is part of the greater European Economic Area
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