Crypto Bytes: Top 10 Breaking News from Cryptoverse

  • Celsius Network’s proposals for Bitcoin mining were accepted by the US Bankruptcy Court for the Southern District of New York on Wednesday. In July 2022, Celsius filed for Chapter 11 bankruptcy protection. 
  • President Milei of Argentina suggests tax breaks in a draft law for the regularisation of cryptocurrencies. The asset regularisation program provides advantageous rates to incentivize citizens to promptly declare their assets. 
  • India sends show-cause letters for PMLA violations to Binance, Kucoin,, Kraken and other exchanges. Blocking URLs of offshore exchanges that are illegally operating in India is advised by the Finance Ministry. 
  • Philippine cryptocurrency exchange has announced support for BRC-20 tokens. By adding ORDI, the exchange made history by becoming the first platform in the nation to support BRC-20 tokens. 
  • HKbitEX and Shanghai Tech Exchange will use strategic asset tokenization to advance the Chinese economy. 
  • The US District Court ruled in favor of the SEC against Terraform Labs and former CEO Do Kwon, citing their involvement in offering and selling unregistered securities, specifically targeting cryptocurrencies LUNA and MIR.
  • Following an alleged internal security breach, Catalyx, a Canadian cryptocurrency exchange, has temporarily ceased trading and withdrawals.
  • Ledger Live wallet software maybe tracking its users and collecting personal data about them. App developer and privacy advocate REKTBuilder revealed in a post on X that Ledger Live does a “genuine device check” each time a user connects their Ledger device.
  • Perpetual trading protocol Levana loses $1.14M as a result of an oracle assault. 10% of Levana’s liquidity pools were syphoned off by the attackers between December 13 and December 26, according to a report from the Levana staff.
  • All cryptocurrency exchanges operating in Indonesia will need to register with the recently formed Commodity Future Exchange (CFX), according to a government announcement. 

Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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