Author: Lily Chang
Lily Chang
Lily Chang, a prominent figure in crypto journalism, navigates the dynamic world of blockchain and cryptocurrencies with finesse. Renowned for her ability to distill intricate concepts into reader-friendly narratives, Lily offers valuable insights into the latest trends and the broader socio-economic implications of decentralized technologies.
Terraform Labs, the company behind TerraUSD, files for Chapter 11 bankruptcy in the U.S., amidst ongoing legal challenges and the aftermath of its stablecoin collapse.
The European Banking Authority expands AML and CTF guidelines to include the crypto sector, enhancing the EU’s defenses against financial crimes in this rapidly evolving domain.
BitGo secures preliminary MPI license in Singapore, allowing it to provide digital payment token services and strengthen its global regulatory presence.
SEC seeks to leverage its Terraform Labs ruling against Binance, arguing similarities in the cases to bolster its position in an ongoing court battle.
Catalyx, a Canadian crypto exchange, pauses all transactions following an internal security breach, with an undisclosed amount of assets compromised.
Tether creates an additional 1 billion USDT tokens in ‘inventory replenish’, preparing for future demand and chain swaps on Ethereum.
Hong Kong welcomes spot crypto ETFs, with its Securities and Futures Commission ready to consider applications, marking a significant expansion in its virtual asset market.
UAE’s FSRA updates AML rules, incorporating digital assets in line with FATF’s Travel Rule, reinforcing compliance and aligning with federal anti-financial crime frameworks.
Montenegro’s Appellate Court overturns decision to extradite Terraform Labs’ Do Kwon, citing significant procedural violations, and orders retrial.
Bank of China Hong Kong completes its first cross-border digital yuan transaction, settling a $3.4M bulk commodity payment, marking a milestone in CBDC internationalization.