The Block
GSR received its in-principle approval from Singaporean authorities last October.The approval may be a positive precedent for crypto regulation in other countries.
Quick Take Irina Dilkinska faces four years in prison and must also forfeit $111,440,000 related to her role in the fraudulent crypto scheme OneCoin. Dilkinska pled guilty to charges related to conspiracies of wire fraud and money laundering in November 2023.
Quick Take The $100 million fund will bankroll as many as 30 companies in the next three years. The fund will focus on financial application, software infrastructure and protocols building.
Quick Take FalconX’s global head of revenue and business, Austin Reid, discusses the current state of institutional adoption of crypto.
Quick Take The data DAO startup Vana launched a new platform specifically for Reddit user data. Reddit Data DAO, or r/datadao, rewards users for contributing their Reddit data and lets users vote on what to do with the collective data.
After quickly surging in price Wormhole’s native token nosedived by nearly 25% before making a strong recovery.Phishing scams looking to take advantage of the highly-anticipated airdrop were detected online.
Quick Take Web3 game developer Hychain Games is launching a closed beta of the Minecraft-inspired video game Hytopia later this month. The company generated $8 million from a node sale, according to a statement.
Quick Take Zeus Network has raised $8 million in funding and is set to launch its token on Apr. 4. The round brought Zeus’s latest valuation to $100 million, founder and CEO Justin Wang told The Block.
Quick Take The SEC’s Director of the Division of Enforcement, Gurbir Grewal, lashed out at the crypto industry on Wednesday morning for about 15 minutes and rebutted the agency’s critics. During his speech, Grewal also raised concerns about the crypto industry and marginalized communities.
Quick Take The Bank of England and the FCA are targeting autumn 2024 for the first entrants to the U.K’s Digital Securities Sandbox, which aims to facilitate the adoption of digital assets across financial markets. The U.K. central bank and financial regulator are currently consulting on their proposed approach to operating the DSS before opening applications in the summer.
