CRYPTO

Thailand has threatened to take legal action against Facebook over cryptocurrency scams on the platform that are being facilitated through advertisements.

Titan is the first case for violating the SEC's amended marketing rule of December 2020 by putting misleading claims on its official website that were based on "hypothetical performance."

Kusama has asked the team to take the day off since they "will continue scaling and testing in anticipation of working with our new (yet old) friends on Monday, ahead of re-opening the chain to the public," seemingly hinting that Shibarium could be available to the public anytime this week.

U.S. District Judge Jed Rakoff said last week that the SEC is legally entitled to utilize the process that was first introduced in the 1970 treaty to gather critical evidence from foreign countries.

The devastating price decline of WLD from its debut peak was sudden and sharp considering that it projected high expectations since it was backed by personalities like Sam Altman of OpenAI, the maker of ChatGPT.

In its motion to appeal the Ripple victory ruling, the major Wall Street regulator told the court that it "does not seek appellate review of any holding relating to the fact that the underlying assets here are nothing but computer code with no inherent value," acknowledging that digital assets are not inherently securities.

MicroStrategy, which has been accumulating Bitcoin as part of its holdings since 2021, revealed earlier this month that it made the biggest BTC purchase in the second quarter of 2023.

Elon Musk said users on X, formerly known as Twitter, will lose the ability to block followers and the feature will now only be available for direct messaging or DMs.

Kusama also said they wanted developers to be refreshed so they asked them to rest, perhaps to be prepared for the big week ahead.

The latest request from Bankman-Fried's camp followed Judge Kaplan's approval that he would be allowed access to his depression and ADHD medications.

Despite the measures taken by the team to make sure Shibarium will function as designed, the "MASSIVE influx of transactions and users" hampered the normal flow of the operation, following its launch Wednesday.

The now-defunct crypto lender said the withdrawal options are not yet extended to wallets handled by international users, but legal proceedings are going on.

Grayscale filed a lawsuit against the SEC in June 2022 after its spot bitcoin ETF proposal was rejected, but it is now looking to expand its ETF team amid a looming decision by the SEC on ether futures-based ETFs.

SpaceX's financials reportedly revealed around $5.2 billion in total expenses for 2022, with an additional $5.4 billion spent on property acquisition, R&D and equipment between 2021 and 2022.

Coinbase said its Canada arm has filed an application for registration in certain Canadian jurisdictions "but has not yet obtained registration."

Shiba Inu's marketing strategist Lucie also informed the community that association with Shiba Inu or Shibarium does not guarantee that the project is legit or not a scam.

Following the approval of the GFSC in October 2021 and the delay of the planned launch last year, London-based Jacobi Asset Management announced the listing of Bitcoin ETF on the platform Euronext Amsterdam this week.

This week, two crypto projects, RocketSwap and SwirlLend, lost more than $1 million to supposed attackers.

The Virtual Assets Regulatory Authority (VARA) fined OPNX 10,000,000 UAE dirhams ($2.7 million) and its executives 200,000 UAE dirhams (around $54,000) each for violations.

Trump reportedly earned over $4.9 million from a licensing deal with NFT INT LLC, the team behind two NFT collections featuring his face, both of which have garnered millions of dollars in royalties and sales.

But, Kusama, unaffected by the FUD and seemingly confident of their vision for the Shiba Ecosystem and the broader crypto community gave out several interesting statements that for many anticipating Shib Army, might mean that Shibarium is going live anytime this week.

Kusama delivered a rousing and impactful speech titled "Dear Humanity," where they outlined their bold vision for the cryptocurrency industry and the world.

Decentralized exchange platform Biswap took to X to announce that Binance Connect is ceasing operations "due to its provider closing the supporting card payments service."

The exchange filed the protective order in response to the SEC's lawsuit, which was filed on Monday.

SBF will remain at the Metropolitan Detention Center in Brooklyn until his trial in October.

The DOJ alleged that Bankman-Fried "misappropriated and embezzled FTX customer deposits" and used the funds for a variety of purposes, including political funding.

"As you know, EXCLUSIVITY is the key utility of Leash and I have an exclusive exclusive for you all TUESDAY 1 PM EST," Shiba Inu's pseudonymous lead developer said, adding, "Then on Wednesday, a new utility for Leash will be unveiled."

CoinDesk is reportedly letting go of some workers on its editorial team months after it broke the story that led to FTX's collapse.

The report underscores the influence of spot Bitcoin ETFs on the market, particularly if traditional financial giants' applications gain approval from the U.S. Securities and Exchange Commission (SEC).