FTX EU opens withdrawal, Elon Musk calls for AI halt, Binance…

[ad_1] Top Stories This Week FTX EU launches withdrawal website to pay back European users The European arm of FTX has launched a website to allow customers in Europe to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. Meanwhile, in the United States, lawyers for former CEO Sam Bankman-Fried have entered a not-guilty plea for five additional charges,

Uniswap v3 code free to fork as BSL expires

[ad_1] Developers are now allowed to fork Uniswap v3 protocol as its Business Source License (BSL) expired on April 1, shows the protocol documentation. The expiration was a much-anticipated event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX). The BSL is a type of license meant to last for a determinate period before becoming completely open source. In general, the purpose is to protect

Former Activision Blizzard executive joins Yuga Labs as CEO

[ad_1] Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) and CryptoPunks NFT collections, has a new CEO: Daniel Alegre. The executive resigned as president and chief operating officer of the gaming giant company Activision Blizzard to join the NFT startup on April 1. "Couldn't be more excited for this next chapter," he wrote on Twitter. Alegre was a key player in Activision Blizzard's growth in the past years, overseeing

Latest court battle could alter crypto landscape in US

[ad_1] Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators. However, when it comes to the United States, the exchange has found itself in the cross-hairs of multiple agencies.A number of United States financial regulators have ongoing investigations against the crypto exchange. Some of these investigations date back to 2018, and now,

Do algorithmic stablecoins have a future as centralized coins are under scrutiny?

[ad_1] Binance’s native stablecoin — Binance USD (BUSD) — was the third-largest stablecoin pegged to the United States dollar, minted by blockchain infrastructure platform, the Paxos Trust Company, through a transfer of technology agreement between the two firms. However, on Feb. 13, the New York Department of Financial Services ordered Paxos to stop minting any new BUSD tokens.The move came just days after the United States Securities and Exchange Commission issued

More than 3600 Bitcoin ATMs went offline to record largest monthly decline

[ad_1] Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727.In nearly a decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency machines installed and removed monthly remained positive most times — implying that total crypto

Terra co-founder Daniel Shin’s arrest denied by court, citing low flight risk

[ad_1] A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder.On March 23, Kwon was arrested at Podgorica airport in Montenegro while attempting to use fake documents to fly

El Salvador removes all taxes related to tech innovation for economic growth

[ad_1] El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the establishment of the National Bitcoin Office (ONBTC) of El Salvador, a.k.a. the Bitcoin office.When legalizing Bitcoin on Sept. 7, 2021, El Salvador President Nayib Bukele saw the technology as a means to counter the hyperinflation and dependence on the

Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report

[ad_1] Elon Musk and his lawyers reportedly requested a United States judge to dismiss the $258 billion lawsuit filed by investors who alleged that he operated a pyramid scheme to promote the cryptocurrency Dogecoin (DOGE).According to an April 1 Reuters report, Elon Musk's lawyers referred to the lawsuit filed by Dogecoin investors, a “fanciful work of fiction,” in Manhattan's federal court on March 31.It was reported that Musk's lawyers referred

Terra’s branding at MLB opener draws attention from spectators

[ad_1] As baseball enthusiasts flocked to the Washington National Park for the Major League Baseball (MLB) opening day, Terra (LUNA) – the crypto ecosystem that collapsed in May 2022 – noticeable presence around the stadium didn’t go unnoticed.A Twitter user who attended The Washington Nationals’ home opener against the Atlanta Braves on March 30 shared an image of a Terra advertisement banner at the stadium with the slogan “a decentralized