Attorney John Deaton has offered a fresh perspective on the legal confrontation between Ripple and the SEC, potentially changing the course of the dispute. Deaton argues that Ripple’s potential $770 million fine could be significantly reduced based on legal precedents. He suggests that Ripple may be able to exclude XRP institutional sales conducted outside the […]
In early 2024, Binance, one of the world’s largest cryptocurrency exchanges, plans to launch a new exchange in Thailand through a joint venture with Gulf Energy Development. The project, known as Gulf Binance, received approval from the Securities and Exchange Commission and is set to launch on an invitation-only basis on November 15, 2023, before […]
Commerzbank, a leading German full-service bank, has achieved a significant milestone by becoming the first bank in Germany to receive a Crypto Custody Licence. This license allows the bank, which manages assets worth $536 billion, to offer a wide range of digital asset services, with a focus on popular cryptocurrencies like Bitcoin, XRP, and IOTA. […]
Binance, one of the world’s largest cryptocurrency exchanges, is set to launch a new exchange in Thailand in early 2024. The exchange, called Gulf Binance, is a joint venture with Gulf Energy Development, a major energy company in Thailand. Initially, Gulf Binance will be available on an invitation-only basis, with a public rollout planned for […]
The New York State Department of Financial Services (NYDFS) has announced stricter guidelines for cryptocurrency firms listing and delisting coins in the state. The new restrictions require crypto companies to submit their coin listing and delisting policies for NYDFS approval. These policies will be evaluated against more rigorous risk assessment standards to protect investors. Factors […]
The court has finalized the dismissal of a class action lawsuit against BitFinex and Tether after the plaintiffs chose not to appeal the ruling. The lawsuit accused the companies of misleading consumers about the properties of Tether’s stablecoin USDT and falsely disclosing information about its reserves. The plaintiffs claimed that the stablecoin was not backed […]
Citi, in collaboration with T.Rowe Price and Fidelity International, has developed a blockchain solution for foreign exchange (FX) trading as part of Singapore’s Project Guardian. This marks a significant step in integrating blockchain technology into traditional financial systems, with the potential to revolutionize FX trading. The solution utilizes the Avalanche blockchain for streaming FX prices […]
German banking giant Commerzbank has become the first full-service bank in Germany to receive a crypto custody license under the German Banking Act. This license allows Commerzbank to offer custody services for crypto assets and develop further digital asset services. The bank’s COO, Dr. Jörg Oliveri del Castillo-Schulz, sees this as a significant milestone and […]
Circle Ventures, the investment arm of USDC stablecoin issuer Circle, has made a strategic investment in Layer 1 blockchain Sei. This investment includes go-to-market advice for Circle’s stablecoin infrastructure. The integration of USDC into Sei’s platform will provide developers and entrepreneurs with access to fast and instantaneous transaction settlements. This partnership will also enhance cross-border […]
Commerzbank, a major German bank, has obtained a cryptocurrency custody license, becoming the first full-service bank in Germany to do so. This license allows the bank to expand its digital asset offerings and provide custodial services for crypto assets. Commerzbank plans to establish a secure and compliant platform using blockchain technology for these services. The […]
