Newsletter May 12, 2023
Binance.US Reportedly Trying To Reduce CZ's Majority Stake In Company

Executives at Binance.US may have been exploring strategies to offload CZ's stake in the company over worry that the exchange might not be able to obtain regulatory licenses as long as Zhao is the crypto exchange's majority owner.


Chamber Of Commerce Backs Coinbase, Slams SEC Regulatory Approach Toward Crypto Assets

The Chamber of Commerce criticized the financial regulator for its "continued refusal" to address Coinbase's request for more clarity about crypto assets.


Crypto Lender Nexo To Restructure 2 UK-Based Subsidiaries Amid Investigation

Nexo is currently being investigated in Bulgaria due to its alleged involvement in an organized criminal scheme.

Do Kwon Pleads Not Guilty To Faking Travel Documents After Seizure Of His $176M Assets

"I will not hide, I agree to security measures, I will show up when requested," Kwon, looking grim told the Montenegrin court in English during his first hearing.

Ethereum Stopped Fully Finalizing Transactions For 25 Minutes; Investigation Launched

Even after the Beacon Chain began finalizing, developers said they will continue to investigate the situation to determine the cause of the malfunction.

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