Industry
Belgian 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.Martha GrizzardWirex 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).Wayne IngramBlackRock'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. WisdomTreeChristopher SmithLawmakers 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.Barry StidhamJudge 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.James DeanUS 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.Hallie GillSequoia 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.Sherry CantwellSeizing 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.Martha GrizzardBold 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.Barry StidhamTokenized 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.James DeanInnovative Fusion: Faroe Islands Post Introduces Stamps with Embedded NFTs
The Faroe Islands, an autonomous region, has introduced a new series of digital "crypto stamps" that serve as both physical postage and non-fungible tokens (NFTs) stored on the blockchain.Sherry CantwellCanine Creativity Unleashed: German Intelligence Presents Dog-Themed NFT to Attract Cyber Talent
Germany's foreign intelligence agency, the BND, has made an intriguing foray into the world of non-fungible tokens (NFTs) with the launch of a unique collection inspired by their guard and security dogs, aptly named the "BND Dogs" series.Jerry McNeillMicroStrategy to raise $42B to buy Bitcoin in '21/21 plan'
This initiative, known as the "21/21 plan," aims to leverage the growing potential of Bitcoin to enhance the company's asset value significantly.Hallie Gill
Circle Introduces Higher USDC Cash-Out Fees Impacting Large-Scale Transactions
The revised fees now start at 0.03% per transaction and can go up to 0.1% for transactions exceeding $15 million.Hallie GillExpanding Horizons: Binance Sets Sights on United Arab Emirates as Prominent Hub for Future Operations
In the wake of regulatory crackdowns on cryptocurrency exchanges in the United States, the United Arab Emirates (UAE) is emerging as a key focus for Binance.Jerry McNeillChallenging the Blockchain Status Quo: Cardano Foundation Executive Reveals the Quest for the Elusive 'Non-Existent' Blockchain
During the World Token Summit in Dubai, Mel McCann, Vice President of Engineering at the Cardano Foundation, expressed the view that debates over the ultimate blockchain should cease.Sherry CantwellRobinhood's Workforce Takes a Blow: Company Announces 7% Staff Reduction in Recent Layoff Wave
According to sources within the company, online brokerage Robinhood Markets is reportedly planning to lay off approximately 150 full-time employees, which accounts for around 7% of its workforce.Barry StidhamCrypto payments platform Wyre shuts down, citing bear market
San Francisco-based cryptocurrency payments firm Wyre has collapsed after nearly a decade in business, citing the financial challenges of the bear market as irrelevant to the “direction of regulators” by US hawks.Jerry McNeillBattle of Accusations: Binance, Binance.US, and CZ Challenge SEC's 'Misleading' Claims Regarding Exchange Assets
Lawyers representing US-based cryptocurrency exchange Binance.US, global exchange Binance Holdings Ltd., and Binance CEO Changpeng Zhao have accused the US Securities and Exchange Commission (SEC) of making misleading statements regarding an ongoing securities litigation caseChristopher SmithFederal Reserve Acknowledges Stablecoins' Monetary Significance, Calls for Strong Regulatory Oversight
Federal Reserve Chairman Jerome Powell expressed the view that stablecoins serve as a form of money and emphasized the need for robust regulatory oversight during a hearing at the House Financial Services Committee.Cornell Rachel
