South Australian police have apprehended a 25-year-old man from Adelaide Hills on charges of drug trafficking and money laundering, with approximately $1.5 million worth of crypto seized during the operation.The accused individual operated multiple vendor profiles on the dark web, selling various drugs, according to a Thursday report by the Australian Broadcasting Corporation.One of…

Hong Kong’s troubled crypto exchange JPEX has announced plans to move forward with its DAO Stakeholder Dividend Plan. This decision comes amid the ongoing investigation into the financial scandal worth over HK$1.5 billion ($191 million) and the arrest of multiple suspects associated with the platform.The unfolding scandal first came to light…

As the crypto industry witnesses rapid growth, regulatory challenges arise in tandem. David Hirsch, who heads the SEC’s Crypto Assets and Cyber Unit, raises alarm bells for the crypto sector, emphasizing that more charges will be brought against exchanges and DeFi projects perceived to be violating securities laws. With major platforms…

The South Korean video games giant Netmarble has made a blockchain gaming breakthrough with its subsidiary’s coin set to be listed on the Japanese crypto exchange Zaif.Per Yonhap, the coin, MarbleX’s MBX, will be listed on the platform on October 11.MarbleX is Netmarble’s blockchain gaming arm.The coin will become the…

Federal judge Analisa Torres rejected a motion filed by the Securities and Exchange Commission (SEC) seeking to appeal its loss against Ripple Labs on October 3.Judge Torres ruled that the SEC failed to demonstrate that the case involved controlling legal questions or substantial differences of opinion that warranted an appeal…

Sam Bankman-Fried (SBF) was forced to change rules for FTX employees in 2021 when their crypto profits threatened to let them retire early.As Michael Lewis wrote in his SBF-focused book “Going Infinite,” SBF used his exclusive power to lock up his employee’s Serum (SRM) holdings for seven years longer than…

The luxurious Singapore home of Three Arrow Capital (3AC) founder Su Zhu has been repurposed from living quarters to an urban farm by his wife, Evelyn Tao, according to local reports.Shared by The Business Times of Singapore, the villa on Yarwood Avenue is now called Yarwood Homestead. The farmland is used to grow…

Asia-based blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, committing $100 million to support blockchain startups in the region.Founded in 2016, CMCC Global is one of the first Asian VC firms focused solely on the blockchain ecosystem.As announced on its official X (formerly…

XRP ($XRP), the cryptocurrency that powers the XRP Ledger that was launched by US fintech company Ripple Labs back in 2011, has been back in the headlines on Wednesday.District Judge Analisa Torres just rejected a bid by the US Securities and Exchange Commission (SEC) to appeal a recent legal loss…

Despite positive developments like the launch of futures-based Ether ETFs and a UAE Dirham-based stablecoin driving digital asset adoption, Bitcoin (BTC), the world’s most valuable cryptocurrency, failed to stop its losing streak and is currently trading below the $28,000 mark. The cryptocurrency market is currently worth $1.08 trillion. However, it experienced…