Industry
Binance Re-Enters Japanese Market With Acquisition of Regulated Exchange SEBC
Cryptocurrency exchange Binance is set to re-enter the Japanese market after acquiring regulated cryptocurrency trading platform Sakura Exchange Bitcoin (SEBC). Binance acquired the exchange licensed by the Japan Financial Services Agency in November 2022, intending to re-enter the Japanese cryptocurrency market.Seth RowdenNo, FTX Distribution Payments Do Not Begin on September 30
Despite circulating rumors on social media, FTX will not begin distributing reimbursement funds to creditors and customers on September 30. 2024.Romero Diaz
Indonesian postal service launches NFT stamps
The debut NFT stamp features the "Cenderawasih," also known as the bird of paradise, a species indigenous to Indonesia.Romero DiazValkyrie Empowers Crypto Investors: Joins the BTC Spot ETF Filing Frenzy, Expanding Offerings with Futures and Miners ETF
Cryptocurrency fund manager Valkyrie has joined the race to launch a bitcoin spot exchange-traded fund (ETF) by submitting an S-1 registration form with the US Securities and Exchange Commission (SEC) on June 21.Herman HayesRipple Makes Waves in Singapore: Secures In-Principle Approval for Cutting-Edge Digital Asset Services
Blockchain-based payments company Ripple has received in-principle regulatory approval from Singapore's financial watchdog to offer digital asset payments and token offerings in Singapore.Seth RowdenBrazilian Congress Turns the Spotlight on Binance: Executives Summoned for Testimony Amidst Heightened Scrutiny
Allegations of pyramid schemes in Brazil have led Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, to call for the summoning of Binance Brazil Director Guilherme Haddad before the Parliamentary Committee of Inquiry (CPI).Herman HayesEmbracing Innovation: Japanese Schools Embrace Limited Usage of Generative AI for Enhanced Learning
Japan's Ministry of Education, Culture, Sports, Science and Technology is set to introduce a controlled implementation of generative artificial intelligence (AI) in elementary to high school classrooms.Seth RowdenCongressional Pressure Mounts: US Lawmakers Demand Transparency from SEC on Documents Linked to Sam Bankman-Fried Arrest
During a hearing on the SEC's oversight, Michigan Representative Bill Huizenga, chairman of the US House Oversight and Investigations Subcommittee, criticized the US Securities and Exchange Commission (SEC)Herman HayesMajor Banks Santander and Crédit Agricole Secure French Crypto Custody License
Crédit Agricole and CACEIS Bank, the asset services arm of Santander, have obtained cryptocurrency custody licenses in France, as announced on the French regulator's website on June 20.Seth RowdenThe Long-Term Ineffectiveness of Banning Crypto: Why Prohibition Isn't the Solution
The International Monetary Fund (IMF) has restated its call for cryptocurrency regulation in certain countries but emphasized that an outright ban may not be the most effective approach.Herman HayesBelgian Financial Watchdog Slams the Hammer on Binance, Demanding Halt to Virtual Currency Services
The Belgian Financial Services and Markets Authority (FSMA) has issued an order to cryptocurrency exchange Binance, instructing it to cease all cryptocurrency trading and custodial wallet services in Belgium.Seth RowdenWirex Faces Card Disruption in EEA as UAB PayrNet Licensing Issues Arise
Wirex, a crypto payment service, has notified some of its customers through an email on June 23 that their debit cards may no longer function in the European Economic Area (EEA).Herman HayesBlackRock's Bitcoin ETF Ignites Optimism and Triggers Surge in New Applications
Several investment firms have recently filed applications for spot bitcoin exchange-traded funds (ETFs), following BlackRock's filing for a similar product on June 15. WisdomTreeSeth RowdenLawmakers Propose Groundbreaking Bill to Establish National Artificial Intelligence Commission
A bipartisan group of lawmakers in the United States introduced a bill on June 20 that calls for the establishment of a commission to study the country's approach to artificial intelligence (AI). The primary objective of the bill is to create regulations for the AI industry.Seth RowdenJudge Thwarts Bankman-Fried's Bid for Key Documents in Fraud Prosecution
Sam Bankman-Fried, co-founder of FTX, has been denied access to documents from law firm Fenwick & West LLP as part of his defense strategy in an ongoing federal fraud case, according to Bloomberg.Seth RowdenUS Supreme Court Delivers Landmark Ruling on Coinbase Case, Halting Proceedings
The US Supreme Court delivered a partisan decision in favor of cryptocurrency exchange Coinbase on June 23, resulting in the suspension of court proceedings against the company in two California cases.Seth RowdenSequoia Partner's Bold Claim: Investing in FTX Proves to be a Winning Move
During the Bloomberg Technology Summit, Alfred Lin, a partner at Sequoia Capital, expressed his continued support for the firm's multimillion-dollar investment in the now-defunct cryptocurrency exchange FTX.Herman HayesSeizing Opportunity: Volatility Shares Trust Explores Listing of High-Octane Leveraged Bitcoin Futures ETF"
Volatility Shares Trust, a firm specializing in cryptocurrency-linked funds and exchange-traded funds (ETFs), has submitted an application to the US Securities and Exchange Commission (SEC) to list shares in a leveraged bitcoin futures ETF.Herman HayesBold Move: Traders Bet $4 Million Against TrueUSD as Minting and Redemption Grinds to a Halt
TrueUSD, a stablecoin provider, addressed concerns regarding its association with Prime Trust, a technology partner facing regulatory challenges. Prime Trust recently halted fiat and cryptocurrency deposits and withdrawals following regulatory orders.Herman HayesTokenized FTX Claims: Unlocking New Possibilities as Loan Collateral
Creditors of the bankrupt cryptocurrency exchange FTX have utilized decentralized finance (DeFi) protocol Arcade to pledge their claims as collateral for loans.Seth Rowden
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