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Prosecutors Seek to Block SBF from Presenting Current Value of FTX's Anthropic Investment During Trial
9.10.2023
Prosecutors in the ongoing Sam Bankman-Fried’s trial have requested the judge to prevent the defendant from presenting the current value of FTX’s $500 million investment in Anthropic, a startup artificial intelligence company.
The government alleges that SBF used funds stolen from FTX customers...
Hong Kong Looks to Curb Retail Stablecoin Trading Amid Crypto Adoption
7.10.2023
Hong Kong is considering measures to restrict retail stablecoin trading for individual investors in response to the increasing adoption of cryptocurrencies, as stated by a local official. It is important to note that retail stablecoin trading is currently not permitted in Hong Kong....
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JPMorgan Report: Ethereum's Centralization Increased Post Merge and Shanghai Upgrades
7.10.2023
Ethereum's recent surge in ether (ETH) staking, spurred by the Merge and Shanghai upgrades, has raised concerns surrounding centralization and reduced overall staking yields, according to a Thursday report by JPMorgan.
Despite decentralized alternatives like Lido's liquid staking platform...
Crypto Custody Firm Komainu Receives Custodial Approval from UK's FCA
7.10.2023
Komainu, a digital asset custody service, has announced its custodial approval from the UK Financial Conduct Authority (FCA).
This regulatory approval allows the company to function as a custodial wallet provider in accordance with the 2017 regulations on money laundering, terrorist financing,...
Backed Finance Rolls Out Crypto-Backed BlackRock ETF on Base Protocol
6.10.2023
Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network.
Culled from BlackRock's iShares bond exchange-traded fund (ETF) UCITS, this financial instrument will be identified by the ticker symbol blB01.
It represents...
Taiwanese Lawmakers Target November for First Crypto Regulatory Draft Bill: Report
6.10.2023
Taiwan legislators are working towards presenting the country's first crypto regulatory bill in November 2023, according to an exclusive interview granted to the Block's Timmy Shen.
Parliament member under the Yuan's arm, Yung-Chang Chiang, stressed the need for a special law to guide...
Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On
6.10.2023
The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data analytics firm FundStrat.
In a new presentation, FundStrat noted that VC funding for crypto firms contracted for a sixth successive quarter to $1.4...
Binance's Spot Market Share Dips to 34.3% – What's Behind the Decline?
6.10.2023
According to yesterday's report by cryptocurrency data provider CCData, Binance's spot market share has seen a notable decline, falling from 38.5% in August to 34.3% in September. This marks the seventh consecutive month of decreasing spot market share for the world's leading cryptocurrency...
Ripple in Preliminary Talks with Australian Freight & Trade Alliance for Future Partnership
6.10.2023
Paul Zalai, Director of the Australian Freight & Trade Alliance (FTA), disclosed the possibility of a future partnership with San Francisco-based fintech firm Ripple during an interview with TLG.
The news comes at an opportune moment for Ripple, which has been looking to expand its global...
Canada’s Regulators Clarify Interim Stablecoin Regulations Amid Market Concerns
6.10.2023
The Canadian Securities Administrators (CSA) has released interim terms and conditions to guide cryptocurrency exchanges and asset issuers on stablecoin investments following its previous decision.
The umbrella regulatory body seeks to clarify the issues raised in its intern approach...
US CFTC Reportedly Considering Enforcement Action Against Former Voyager CEO
6.10.2023
U.S. regulators are currently considering taking enforcement action against Stephen Ehrlich, the former CEO of the bankrupt crypto lender Voyager, Bloomberg reported citing sources familiar to the matter.
The U.S. Commodity Futures Trading Commission's (CFTC) Enforcement Division has internally...
EU’s Securities Regulator Publishes Consultation Paper Ahead of MiCA
6.10.2023
The European Union financial markets regulator, the European Securities and Markets Authority (ESMA) has released a second consultation paper on the Markets in Crypto Asset (MiCA) regulation.
The document released on Oct. 5 calls for stakeholders' participation in various sectors of the crypto...
Coinbase Cloud allows token holders to delegate APT
6.10.2023
Coinbase Cloud recently announced enabling APT delegation for the community. Now, token holders can earn rewards for securing Aptos on the Coinbase Cloud community validator. The platform released a string of tweets on its official X/Twitter account to share the information. The tweets stated that...
Elliptic Report Reveals $7 Billion in Crypto Laundering via DEXs and Bridges
6.10.2023
A recent report from blockchain surveillance firm Elliptic has uncovered that $7 billion in "illicit or high-risk funds" has been laundered through decentralized exchanges (DEXs), cross-chain bridges, and non-KYC exchanges.
This staggering sum was already reached by July of this year, exceeding...
Texas Securities Board Targets Fraud Crypto Project Touting Ties With Russian Government
6.10.2023
The Texas State Securities Board has stopped a decentralized lending pool from sales of securities, after the firm touted its ties with the Russian government.
Travis J. Iles, the securities Commissioner of the Lone Star State, has written an emergency cease and desist notice to immediately stop...
Wirex Unveils Zero-Knowledge Proof-Based Non-custodial Crypto Debit Card Service
6.10.2023
Wirex, a global digital payment platform, has introduced W-Pay, an App Chain that leverages Zero-Knowledge (ZK) technology, which aims to facilitate seamless connections between decentralized applications (dapps), non-custodial wallets, and traditional payment infrastructures....
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Estonian Crypto Firms Engage in ‘Massive-Scale’ Fraud and Aid Russia Evade Sanctions: Report
6.10.2023
Estonia has been one of the early receivers of cryptocurrency licenses in the EU, but it did not save the Baltic nation from falling victim to ‘massive-scale’ crypto-related fraud and scams, an investigation report from international journalists revealed....
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Japan's Largest Crypto Exchange Operator Monex Seals Deal with Telecoms Giant NTT Docomo
6.10.2023
Japanese mobile operator NTT Docomo said Wednesday that it formed a capital partnership with crypto exchange Monex to build new asset formation services for customers.
The capital and business alliance agreement would let both parties establish an intermediate holding company on January 4, 2024....
Living Standards and Finance Education Drives Crypto Adoption Metric: Report
6.10.2023
Nearly 50% of digital asset users view added financial liquidity as a major reason for investing in cryptocurrencies, a new survey shows.
A new study conducted by cryptocurrency exchange, Bitget unveiled the regional dynamics of cryptocurrency investments, its impact on gender, and other social...
South Korean Debt Collectors Coming for Crypto Holders
6.10.2023
South Korean debt collectors are now seizing crypto in insolvency cases – and may soon be granted even more power to confiscate coins.
Per Hanguk Kyungjae, the Korea Deposit Insurance Corporation (KDIC), a firm that operates under the Financial Services Commission (FSC), has begun “seizing...