Galois Capital will return 90% of the available funds to investors and temporarily hold on to the remaining 10%. Hedge fund Galois Capital, one of the victims of the FTX collapse, has thrown in the towel after half of its assets got trapped in the bankrupt exchange. The fund has finally decided to shut down...Continue Reading

Hong Kong’s Securities and Futures Commission is calling for public consultation over plans to allow licensed cryptocurrency exchanges to serve retail investors. Hong Kong’s Securities and Futures Commission (SFC) calls for public feedback on its newly proposed licensing regime for cryptocurrency exchanges set to take effect from June 2023. A key consideration of the public...Continue Reading

A supernet or umbrella network combines multiple smaller networks or blockchains into one larger network. Supernets enable communication among distinct blockchain networks, considerably improving the usefulness of the overall system by enabling the transfer of assets and data among different blockchains. Furthermore, shared infrastructure and resources can be made possible by interconnected networks, which can...Continue Reading

Bitcoin is seeing split opinions as major $25,000 resistance combines with early signs that all is not well with the BTC price rally. Bitcoin (BTC) starts the last week of February in a volatile mood as a crucial area of resistance fails to break. After a classic “fakeout” during low-volume weekend trading, BTC/USD is back...Continue Reading

The stablecoin yield platform is being sued for customer losses following exposure to the Anchor Protocol and UST collapse last year. Decentralized finance yield platform Stablegains has been sued in a Californian court for allegedly misleading investors and failing to comply with securities laws. On Feb. 18, plaintiffs Alec and Artin Ohanian filed a complaint...Continue Reading

Florida-based lawyer Drew Hinkes described the bill as “the most unworkable state law” related to blockchain and cryptocurrency that he has ever seen. A recently introduced Illinois Senate Bill has been ridiculed by the crypto community over its “unworkable” plans to force blockchain miners and validators to do “impossible things” — such as reversing transactions...Continue Reading

The “Kimchi premium” has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea. South Korea’s “Kimchi premium” has flipped to a discount again, meaning cryptocurrencies such as Bitcoin are now cheaper to buy on South Korean exchanges. The phenomenon is named after the Korean dish kimchi....Continue Reading

The logo for a popular Yuga Labs NFT collection is being changed after it was seemingly ripped off from a follow-along children’s drawing creator. New logo slated for Yuga’s dog-themed NFT collection The logo for the Bored Ape Kennel Club (BAKC) from nonfungible token (NFT) conglomerate Yuga Labs is getting a refresh after recently surfaced...Continue Reading

Gemini co-founder Cameron Winklevoss believes the next crypto bull run will come from Asia, while America has two options — embrace crypto or be left behind. Crypto’s next bull run will start in Asia, according to Cameron Winklevoss, an American investor, and co-founder of crypto exchange Gemini. His comments have come amid an increase in...Continue Reading

While the collapse of FTX shaved $100 billion off of BTC’s market cap in just four days last year, BTC has managed to fully recover and stack on another $65 billion. A 48% Bitcoin (BTC) price surge since the start of the year has pushed BTC’s market cap past that of payment processing giant Visa once...Continue Reading