OKX, a major cryptocurrency exchange, announced its decision to delist 20 spot trading pairs in the new year.

Among the tokens listed are several privacy-focused cryptocurrencies, including the three largest: Monero (XMR), Zcash (ZEC), and Dash (DASH). The exchange has already suspended deposits of these crypto assets, and trading will cease on Jan. 5.

The rationale for the delisting is not specified in the announcement, published Friday, other than to say that it is “based on feedback from users” and that the tokens “do not fulfill our listing criteria.”

Other cryptoassets that are not privacy coins are also slated for delisting. Blockworks has requested clarification on the…

Read more on Blockworks

Judge Jed Rakoff — the judge overseeing the US Securities and Exchange Commission’s case against Terraform Labs and former CEO Do Kwon — has granted a summary judgment in favor of the regulatory agency.

The judgment asserts that both Kwon and Terraform offered and sold unregistered securities. The claim is focused on LUNA and MIR tokens. 

The SEC argued that Kwon and Terraform “offered and effected transactions in unregistered security-based swaps, and claims that defendants engaged in fraudulent schemes to lead investors astray.”

Read more: Where things stand: The SEC vs Do Kwon and Terraform Labs

Rakoff wrote that he “grants summary judgment for the SEC on Count IV of…

Read more on Blockworks

BONK became the latest dog-themed coin to see parabolic returns this month, buoyed by viral interest among crypto traders and holders. 

But this particular memecoin seems to be gaining technological infrastructure.

The team behind BONK also released a trading bot that, according to available market data, owned more than 70% of the volume created by decentralized exchange (DEX) bots every day for the past week. This activity created roughly $4.8 million in fee revenue in the time frame. 

Read more: Dog coins are back: BONK leads Dogecoin, Floki and Shiba with 1400% rally

The so-called BONKbot’s fees over the past 24 hours are on par with those generated by well-known DeFi protocols…

Read more on Blockworks

Monex is acquiring a majority stake in Canadian digital asset manager 3iQ.

Monex, a Japanese financial group, is a business that includes asset management, online brokerage and a crypto exchange. 

It owns TradeStation in the US and bought Coincheck back in 2018 after the crypto exchange was hacked. TradeStation was acquired by Monex back in 2011.

No financial details of the deal were disclosed.

Read more: The year’s most significant crypto M&A deals — and how 2024 might shape up

3iQ is best known for its bitcoin ETF listed in Canada; it’s one of a handful of bitcoin ETFs listed in Canada. However, it was the first to list the bitcoin fund back in 2020. 

The fund reached…

Read more on Blockworks

Let’s cut to the chase — the intricate world of international payments is a complete mess. With lengthy processing times, high transaction fees and unpredictable exchange rates, challenges abound for individuals and businesses. 

These hurdles in the traditional financial system harshly impacted me and my family during a critical time of need. In 2020, after the destruction caused by Typhoon Goni, the urgency of sending money to my family living in the Philippines became a stark reality. 

And the traditional method that I had to resort to took days; each moment of delay carried potentially dangerous consequences. What made the situation worse was the fee attached to the…

Read more on Blockworks