Soumen Datta

Soumen Datta

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Soumen has been a dedicated researcher and writer in the field of cryptocurrencies for the last few years. Even though Indian crypto regulations are still unclear, he believes that India will continue to innovate in the years to come. He loves to play his guitar and sing along in his spare time. He holds bags mostly in BTC, ETH, BNB, MATIC, ADA.

Kim Jong Un and Lazarus group celebrating in front of an old computer.
Regulations
FBI Confirms Lazarus and APT38 as Masterminds of $100M Harmony Hack

The FBI's investigation revealed that both hacking groups exploited the bridge and stole $100 million worth of digital assets.
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A policeman regulating passage in australian desert.
FTX News
Australian Executive Opposes a “Separate Regulatory Regime” for Cryptocurrency

After the FTX crash, the government became aware of the importance of focusing on non-regulated crypto assets.

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A hand holding a fantom on-chain vault.
Altcoins
Fantom Unveils On-Chain Vault to Support Ecosystem Projects

According to the latest protocol announcement, the vault will provide a decentralized way for funding projects via community decision-making.
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Antony Trenchev surrending in front of Nexo logo.
FTX News
Nexo Admits Regulatory Violation, Set to Pay $45M Fine

Concerning its Earn Interest Product, Nexo has settled with the SEC and the NASAA for $22.5 million each.

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A confused man wearing a hoodie holding crypto wallets.
Crypto Market News
Wyre to Relax Withdrawal Limit After “Strategic Partner” Funding

Wyre said it would continue operating normally and resume accepting deposits.
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3D sculpture of a lion with blue horns next to a man during crypto winter time while Crypto.com layoffs.
FTX News
Crypto.com to Layoff 20% of its Workforce Amidst Persistent Crypto Winter

Crypto.com CEO Kris Marszalek blamed the recent layoffs on the worsening economic downturn.
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Statue of a sad human in outer space looking down on golden planet
FTX News
BlockFi Executives Lost $800M of Equity in FTX Collapse: Reports

A loan from FTX last June caused the loss of approximately $800 million in equity holdings owned by BlockFi executives.

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Nayib Bukele inside a Bitcoin dancing in front of falling Bitcoins.
Bitcoin (BTC)
El Salvador’s Volcano Bitcoin Bond Bill Receives Approval

With the BTC-backed bond, El Salvador aims to pay down its sovereign debt and finance its Bitcoin City project.
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Binance CEO is excited after Judge Michale Wiles approved Voyager aquisition.
Regulations
Binance.US Gets Green Signal to Acquire Voyager From US Court

Judge Michael Wiles, however, ruled that Voyager must seek approval from its creditors to proceed with the Binance.US deal.
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Barry Silbert with his fingers crossed in front of Su Zhu.
Exchanges
DCG Never Had a Relationship With 3AC – CEO Barry Silbert

Barry Silbert clarified details of its relations with bankrupt crypto hedge fund Three Arrows Capital (3AC) and Genesis Global Capital.

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Dwayne Johnson behind human hands holding clapperboard.
NFTs
GALA Soars by 70% After Dwayne Johnson and Mark Wahlberg’s Movie Announcement

Gala Games is working on a Layer-1 blockchain that will use $Gala for gas fees.

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Ship with red sails sailing through Honk Kong.
FTX News
Hong Kong to Provide Tokenized Green Bonds for Institutional Investors: Reports

The green bond offering is worth approximately US$5.75 billion, making it the largest ESG bond issuance in Asia.
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Barry Silbert a thwe table laying off staff.
Binance News
Genesis Bankruptcy Rumors Intensify as the Firm Lays Off 30% of Staff

In less than six months, crypto lending platform Genesis Global has reduced its workforce for the second time.

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Man looking up in uncertainty towards a blue robot.
Altcoins
What’s Happening With Huobi Exchange?

Huobi advisor Justin Sun responded to growing concerns about Huobi plunging into a liquidity crisis.

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A person standing with a drawn bow behind falling feathers.
FTX News
BlockFi and FTX Lay Claim to Robinhood Stocks to be Seized by US DOJ

As per an affidavit, Sam Bankman-Fried acquired 7.42% of Robinhood shares through Emergent Fidelity Technologies.
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Man coming out of a Binance logo lamenting while Gary Gensler stands aside giggling.
Binance News
SEC Opposes Voyager’s Acquisition by Binance.US – Here Are the Reasons

A particular concern for SEC is how Binance.US can afford $1 billion acquisition deal and how it will operate afterward.

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Judge Martin Glenn giving a speech with Alex Machinsky at background.
Regulations
Court Approves Celsius Network’s Ownership of $4.2 Billion in Customer Funds

This ruling means that Earn users won't receive top priority in Celsius's imminent repayment plans.
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A chair with a Wyre logo is being engulfed by a singular force
FTX News
Crypto Payment Firm Wyre May Shut Down its Services in January: Reports

As per reports, the Wyre CEO informed employees in an email that the company would liquidate, terminating their employment.
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Robot in a futuristic city with Polygon logo at the background
NFTs
Samsung Partners with Polygon-Based Streaming App SAVAGE to Bring Videos to Web3 Users

As per SAVAGE, the app has rights-managed contracts embedded into its metadata and can reach over 25 million households.
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A cylinder with hands and a shield holding swords with Solana Logo face mask.
Altcoins
Solana (SOL) Gains 12% in a Day to Break Into the $12 Range – Here’s Why

The bear market of 2022 and the FTX collapse had a disastrous effect on Solana's ecosystem, affecting its price accordingly.

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