In an unexpected development, Coinbase, a leading cryptocurrency exchange, has extended its support to the U.S. Securities and Exchange Commission (SEC) following a security breach on the regulator’s social media account. The breach led to the posting of a fraudulent Bitcoin ETF approval message, sparking a flurry of conspiracy theories and speculation.The social media platform […]
FTX, a bankrupt cryptocurrency exchange, is seeking court approval to sell several luxury properties in the Bahamas as part of its bankruptcy proceedings. The properties were purchased using a significant amount of the exchange’s users’ funds, with the total cost of the 36 properties exceeding $200 million.The exchange is hoping to secure permission from the […]
Brevan Howard and Hamilton Lane are set to become the first asset managers to tokenize assets on the upcoming Libre protocol. This Web3 infrastructure provider is backed by Brevan Howard’s WebN and Nomura’s Laser Digital. The launch of Libre is planned for the first quarter of 2024, and it will offer asset tokenization and smart […]
In a recent development, several firms have cut down their proposed fees, a move that is seen as a response to the escalating industry competition and the anticipation of the U.S. Securities and Exchange Commission’s (SEC) decision on spot Bitcoin ETFs.As the SEC deadline draws near, various applicants including Valkyrie, WisdomTree, BlackRock, VanEck, Invesco, Galaxy, […]
BitGo, a digital asset custody provider, has been granted in-principle approval by the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This regulatory approval allows BitGo to expand its services in Singapore, providing the Asia-Pacific (APAC) region with regulated, secure, and trusted solutions.The MPI license gives BitGo the green light […]
Sam “SBF” Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has retained new legal representation ahead of his sentencing hearing for seven criminal charges. The notice was filed on January 9 in the United States District Court for the Southern District of New York by Torrey Young and Marc Mukasey of Mukasey Young LLP, who […]
Bankrupt crypto lending firm Celsius has filed an intent to retrieve funds from those who withdrew $100,000 or more in the three-month period leading up to the firm’s bankruptcy filing.Celsius, the crypto lender that filed for bankruptcy in 2022, is considering a bold move in an attempt to recoup funds from creditors who made significant […]
BitGo, a renowned crypto custodian, has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution (MPI). This approval is a significant step towards obtaining a full MPI license, which would allow BitGo to offer digital payment token services in Singapore.The US-based company’s Singapore arm is eagerly awaiting […]
BlockGuard, a leading Web3 platform, has entered into a strategic DeFi partnership with Pixelette Technologies, a prominent London-based blockchain and IT firm. This equity partnership is a significant milestone for BlockGuard, as it also welcomes Asif Ashiq Rana, Pixelette’s CEO, as an advisor. Rana, a key figure advising the British government on blockchain and AI […]
In the wake of large pre-bankruptcy withdrawals, Celsius, a cryptocurrency company, is grappling with the challenges of regulatory compliance and financial stability. The company is actively pursuing a post-bankruptcy Bitcoin mining strategy, highlighting the complex and evolving nature of the crypto landscape where legal scrutiny and financial restructuring intersect.Meanwhile, Web3 platform BlockGuard has entered into […]
