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The Bahamas has passed a new crypto law which aims to adapt to how the industry has changed since 2020, following the collapse of Sam Bankman-Fried’s FTX and the failure of Do Kwon’s Terraform Labs. The Digital Assets and Registered Exchanges Act 2024 (known as DARE 2024) most notably introduces new rules for businesses providing custody of digital assets. These regulations appear to address mistakes made with FTX, which was headquartered in the island country. This includes requirements to main...

When it comes to celebrity meme coins, don’t expect to see Kevin O'Leary’s name come up anytime soon—either as an issuer or an investor. “That is the definition of a shitcoin,” the Canadian entrepreneur and “Shark Tank” star told Decrypt in an interview. “Why would I put that into a portfolio?” O'Leary said that nearly 20% of his investments are currently in crypto, split between assets like Bitcoin and companies like stablecoin issuer Circle. Still, the influential investor described celebrity...

Following the $230 million hack of Indian crypto exchange WazirX earlier this month, cryptocurrency custody service provider Liminal has pushed back against accusations that the attack involved its infrastructure. A Liminal spokesperson told Decrypt that the company’s systems were not compromised in order to recently funnel $230 million of WazirX’s crypto assets. A compromised multi-signature smart contract wallet used in the attack was allegedly “created independently and further imported on th...

The sports gambling company faces a class action lawsuit alleging its NFTs are securities.

The sports gambling company faces a class action lawsuit alleging its NFTs are securities.

Nader Al-Naji was arrested on Saturday and faces both civil and criminal charges.

New York, San Diego, and Las Vegas reported the highest year-over-year gains among the largest cities across the US in May.