CoinQue Chronicles
Web3 Market News At a Glance:
Weekly round-up of the most exciting pieces of news from the ??cryptocurrency??, ??blockchain??, and ??Web 3.0?? space ??
Virginia Passes Crypto-Friendly Bill to Foster Blockchain Expansion
The Virginia Senate in the United States passed a landmark bill creating a workgroup dedicated to studying the overall crypto ecosystem and making recommendations to foster the tech’s expansion. Virginia lawmakers introduced Senate Bill No. 339 to get recommendations on fostering and expanding blockchain technology. Read more?
Stanford University Endowment Ventures into Bitcoin with BlackRock ETF Investment
A recent decision by Stanford University’s Blyth Fund saw a 7% allocation of its endowment toward Bitcoin investments. In an X post, the leader of the Stanford Blockchain Club Kole Lee, announced that he tried to be “as objectively bullish as possible while catering to an audience of skeptics. Read more?
SFC Cracks Down: Hong Kong Regular Blacklists Fake Crypto Exchanges
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The Securities and Futures Commission (SFC) of Hong Kong issued a public warning about fraudulent websites posing as licensed cryptocurrency exchanges. The SFC raised the alarm over a scam after fraudulent websites duped investors. Affected individuals could not withdraw funds and were charged exorbitant fees to access assets. Read more?
South Korea Allegedly Calls on Interpol for Do Kwon’s Extradition Amid Legal Twists
South Korean authorities have escalated efforts to bring back Terraform Labs co-founder Do Kwon, who faces multiple charges, including securities fraud. Do Kwon, former leader of Terraform Labs, has been on the radar of both U.S. and South Korean authorities for his alleged role in the collapse of the Terra ecosystem in May 2022. Read more?
Tether Launches New USDT Recovery Tool for Users, Works on 15 Chains
To help recover your USDT stablecoins from any blockchain, Tether has launched a blockchain recovery tool for USDT that is specifically meant for those blockchains that become inactive or non-responsive. The tool might have been inspired by events like the collapse of Terra and its blockchain. Read More
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