Mário Centeno, Governor of Banco de Portugal, has called for international cooperation to create a “robust framework” for regulating and supervising crypto assets and decentralized finance (DeFi). He believes that regulating these global risks and international players at the national level is not enough. He expressed his disbelief in the democratizing potential of digital assets […]
Visa, a global payment giant, has announced a new $100 million generative AI initiative to invest in companies focused on developing AI technologies and applications related to commerce and payments. Generative AI is a type of AI technology that can produce various types of content, including text, imagery, audio and synthetic data. Visa has been […]
The United States Securities and Exchange Commission (SEC) is expected to reach a final verdict on the seven firms in question by mid-March. Eric Balchunas, an ETF analyst at Bloomberg, has adjusted the probability of a spot Bitcoin ETF gaining approval by the close of 2023 to 75%, and further increased those odds to 95% […]
Binance, the world’s leading blockchain ecosystem and digital asset infrastructure provider, recently assisted the Royal Thai Police in two major operations to dismantle criminal networks engaged in crypto scams. In the first operation, codenamed ‘Trust No One’, Binance’s Investigations team worked closely with the U.S. Homeland Security Investigation (HSI) and the Cyber Crime Investigation Bureau […]
A class-action lawsuit has been brought against Binance.US and its CEO, Changpeng Zhao, accusing them of attempting to monopolize the cryptocurrency market and negatively impacting competitor FTX. The lawsuit claims that Zhao used social media, particularly Twitter, to spread information and manipulate the market value of FTX’s utility token FTT. It is alleged that Zhao […]
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao (CZ) are facing a class action lawsuit in California federal court. The lawsuit was filed by an FTX user who lost assets when FTX collapsed and filed for bankruptcy last month. It alleges that Binance, which held a stake in FTX’s FTT token, made […]
On October 2, nine Ethereum futures ETFs were launched in the US, but initial trading volumes were low according to industry experts. Eric Balchunas, a Bloomberg ETF analyst, said that the volume was “pretty meh” and less than $2 million had been traded by midday. This was compared to the first Bitcoin futures ETF, BITO, […]
Coinbase, one of the leading cryptocurrency exchanges, announced that it will delist 80 non-USD trading pairs from Coinbase Exchange, Advanced Trade, and Coinbase Prime on October 16, 2023. The delisting is intended to “improve overall market health and consolidate liquidity.” Coinbase Advanced Trade users in eligible regions can still trade these coins using USDC balances. […]
Friend.Tech is an upcoming web3 platform that allows users to monetize their social connections. Since its inception, the platform has recorded significant traction and has facilitated over 9.2 million cumulative transactions. As of Monday, the platform had recorded total protocol fees of about 10,749 Ethers and a total inflow of approximately 214,985.878 ETH worth around […]
Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, has been granted a license to offer crypto brokerage services to accredited investors and institutions in Singapore. The Major Payment Institution Licence (MPIL) was granted by the Monetary Authority of Singapore (MAS). Sygnum Singapore also plans to expand its regulated offering to the Asia–Pacific (APAC) markets, […]
