Coinbase Financial Markets, the regulated derivatives division of Coinbase, has introduced regulated crypto futures trading for retail investors in the US. This move allows eligible US customers on the Coinbase Advanced platform to trade Bitcoin and Ethereum futures contracts. The company received regulatory approval in August to offer crypto derivatives to retail traders. By offering […]
PayPal, the global payments firm, has received a subpoena from the US Securities and Exchange Commission (SEC) regarding its PYUSD stablecoin. The subpoena requests the production of documents, and PayPal has stated that it is cooperating with the SEC in connection with this request. This comes as regulatory scrutiny around stablecoins increases, with Circle, the […]
The National Bank of Georgia (NBG) has partnered with Ripple to launch a pilot program for a central bank digital currency (CBDC) called the Digital Lari. Ripple’s CBDC platform, built on a private version of the XRP ledger, will enable the NBG to mint, manage, and redeem CBDCs in a flexible and scalable manner. The […]
Sam Bankman-Fried, the founder of FTX, a crypto exchange that collapsed last year, has been found guilty on all counts in his fraud trial. A federal jury convicted Bankman-Fried on seven criminal charges, including wire fraud, securities fraud, conspiracy, and money laundering. Prosecutors accused him of stealing billions in customer funds from FTX to cover […]
FTX, a bankrupt crypto exchange, has requested the U.S. bankruptcy court of Delaware to approve the sale of trust assets worth approximately $744 million. These assets include funds from Grayscale and Bitwise. The sale is intended to facilitate dollarized distributions to creditors and enable the exchange to quickly sell the assets at the right time. […]
Bankrupt crypto exchange FTX and its debtors have requested the U.S. bankruptcy court of Delaware to approve the sale of trust assets worth approximately $744 million. The assets include funds from Grayscale and Bitwise. The sale is intended to facilitate forthcoming distributions to creditors and enable the debtors to quickly sell the assets at the […]
MaestroBots, a popular cryptocurrency trading bot on the Telegram messenger app, has taken swift action to refund users who were affected by a recent smart contract exploit. The incident occurred on October 24, targeting a total of 280 ETH. The Maestro team immediately responded by refunding the impacted users and allocated 610 ETH from their […]
MaestroBots, a prominent cryptocurrency trading bot on the Telegram messenger app, has taken swift action to refund users affected by a recent smart contract exploit. The incident occurred on October 24, targeting a total of 280 ETH. The Maestro team immediately responded by refunding the impacted users and announced their commitment to user security and […]
Hong Kong is considering allowing retail investors to trade spot crypto exchange-traded funds (ETFs), according to Julia Leung, the CEO of Hong Kong’s Securities and Futures Commission (SFC). This move signifies a potential change in the commission’s previous restriction on spot-crypto ETFs for retail investors. Hong Kong has been actively positioning itself as a crypto-friendly […]
FTX, a bankrupt cryptocurrency exchange, has announced plans to sell $744 million worth of its Trust assets held at Grayscale and Bitwise. The assets include various exchange-traded products managed by Grayscale, such as Bitcoin and Ethereum Trusts, as well as Bitwise’s 10 Crypto index fund. FTX stated that the sales are necessary to mitigate potential […]
