Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has filed a legal brief opposing the government’s motion to prevent him from returning to the United Arab Emirates (UAE) while awaiting sentencing. Zhao recently pleaded guilty to failing to maintain an effective anti-money laundering program as part of a global resolution that resulted […]
UK funds have received approval to develop tokenization in order to enhance efficiency, transparency, and competitiveness in the investment management industry. The Investment Association, the representative group for the industry in the UK, has announced this development. The Technology Working Group of the Government’s Asset Management Taskforce, in collaboration with the Financial Conduct Authority (FCA) […]
Brad Garlinghouse, the CEO of Ripple, recently shared his insights on the legal battle between Ripple and the US Securities and Exchange Commission (SEC). Speaking at the 2023 DC Tech Week, Garlinghouse highlighted the setbacks faced by the SEC in the case. He stated that the SEC has lost on everything that matters and whether […]
The European Central Bank (ECB) is set to provide more details about its plans for a digital euro. However, ECB board member Fabio Panetta has cautioned against having high expectations initially. He emphasized that the digital euro will not be able to meet all expectations from day one. The ECB plans to have a two-year […]
Interactive Brokers Hong Kong has obtained a license to trade virtual assets for retail clients in Hong Kong. The announcement was made by David Friedland, the Managing Director for Asia Pacific at Interactive Brokers, on LinkedIn. The firm will initially focus on trading Bitcoin and Ethereum. More details about the licensing will be provided in […]
Bittrex Global, a cryptocurrency exchange based in Liechtenstein, has announced that it will be shutting down its operations. The decision comes as a result of regulatory uncertainties and is in line with the suspension of Bittrex’s operations in the United States earlier this year. The U.S. Securities and Exchange Commission (SEC) had accused Bittrex Global […]
The US Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing it of conducting unregistered operations. The SEC alleges that Kraken operated as an unregistered broker, clearing agency, and dealer, trading tokens deemed securities without complying with federal securities laws. The lawsuit specifically mentions tokens such as Algorand, Polygon, and […]
KyberSwap, a decentralized exchange, has offered a 10% bounty reward to the hacker who stole $46 million on November 22. The exchange is requesting 90% of the stolen funds to be returned by November 25. The hacker targeted KyberSwap’s liquidity solution, KyberSwap Elastic, and made off with approximately $20 million in Wrapped Ether, $7 million […]
Binance, one of the leading cryptocurrency exchanges, has experienced a decline in its Bitcoin reserves as investors have been moving their funds to Coinbase Pro. This shift in reserves comes as BlackRock, a prominent investment management firm, has reportedly taken down Binance in anticipation of the approval of a Bitcoin ETF. The movement of funds […]
Shibarium, the Shiba Inu Layer-2 blockchain, has achieved a significant milestone by surpassing 4 million transactions in just three months since its launch. This remarkable growth highlights the increasing prominence of Shibarium in the blockchain industry, especially considering its relatively short operational period. Despite facing a temporary setback due to a technical glitch shortly after […]
