Business
The Treasury Department’s Office of Foreign Assets Control (OFAC) said the penalty related to 989 transactions that were processed for CoinList users between April 2020 and May 2022.
Ethereum
In a new post, the Ethereum co-founder laid out the benefits and challenges of an “enshrined” ZK-EVM to improve security and speed.
The guidance will allow companies to record profits when the value of their crypto holdings increases, and not just losses when the value of those holdings falls, as was previously the case.
The platform said it was working to locate the stolen funds and will reimburse affected users.
Binance doubled down on its motion to dismiss an SEC lawsuit on Tuesday in response to an opposing motion filed by the SEC last week.
A revised BlackRock spot Bitcoin ETF filing will allow large U.S. banks to act as authorized participants for the funds.
NFTs
Prices of previous Trump NFTs rose in the immediate aftermath of the announcement.
KuCoin will pay a total of $22 million in fines and refunds and cease operations in New York to settle a lawsuit brought by the state’s Attorney General.
DeFi
The web3 gaming space looks poised to go parabolic again in the way it did with Axie Infinity, and you can see how things might unfold by focusing on the Philippines.
Coinbase has added support for SEAM, the governance token of the Seamless Protocol built on the Layer 2 network Base.