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Binance CEO may be handed over to Richard Teng

According to Bloomberg, Binance is considering changing its CEO. Changpeng Zhao could be replaced by Richard Teng. Binance appointed him head of all regional markets outside the U.S. in late May. Teng had a total of nearly 20 years of government service. The publication writes that this may be

Cryptocurrencies should be treated as securities by default - EU report

Cryptocurrencies should be treated as securities by default and DAOs should be given legal status, according to a study commissioned by lawmakers. The report writes that all crypto-assets should be treated as securities and therefore subject to the strict EU governance and authorization rules that apply to traditional stocks and

Bali threatens to deport tourists for using crypto

The Bali government has warned foreign tourists about the ban on the use of cryptocurrency when paying at hotels, restaurants and other places. "Foreign tourists who violate these provisions will be severely punished. We will take various measures - deportation, administrative fines, criminal penalties. And also to close commercial premises

Paradigm to expand its investment focus to "cutting-edge technology"

Venture capital firm Paradigm plans to go beyond its Web3 investments and expand its focus on advanced technologies, including AI. The Block reports this, citing sources familiar with the situation. Earlier this month, references to Web3 and cryptocurrencies disappeared from the firm's official website, but the publication writes that "this

Tether's CTO doesn't believe in a U.S. default

Tether CTO Paolo Ardoino think a scenario in which the U.S. would declare a technical default is unlikely. "I don't believe it will happen (a technical default). It carries terrible consequences for the U.S. economy," Ardonio declares.

European Web3 Summit kicks off in Brussels

On Tuesday and Wednesday, Brussels will be the center of the EUROPEAN WEB3 SUMMIT BRUSSELS crypto-summit. It will be attended by politicians from countries that are interested in implementing new blockchain technologies, as well as Web3 industry leaders. The venue is the Bibliotheque Solvay. The purpose of the conference is

Tornado Cash suffered a hacker attack

A hacker attacked the Tornado Cash mixer. He was able to gain full control of the mixer control, revoked all blocked votes, pulled all tokens from the control contract and hacked the router. In total, the attacker obtained 483,000 TORN from Tornado Cash's control vault. 385,300 TORN sold

Only half of crypto companies have an external auditor

Thirty-one of the 60 largest crypto companies have undergone an external financial audit or reserve confirmation, according to a Bloomberg survey. The survey included representatives from different fields: cryptocurrency exchanges (Binance and Coinbase), miners, token issuers (Tether) and blockchain security analysts (Chainalysis). Interestingly, 60 companies were offered to participate, but

U.S. DOJ threatens cryptocurrency exchanges with "tough measures"

Eun-Yong Choi, head of the U.S. Justice Department's National Cryptocurrency Enforcement Team (NCET), has declared "war" on centralized exchanges. She is threatening "harsh measures" to those platforms that violate AML rules and fail to adhere to strict KYC requirements. Yong Choi claims that the agency has seen a marked

Binance is winding down operations in Canada

Cryptocurrency exchange Binance announced that it is winding down its operations in Canada. "Unfortunately, new guidelines related to stablcoins and investor restrictions given to cryptocurrency exchanges make the Canadian market unsuitable for Binance at this time," the company said in a statement