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Genesis and Gemini File for Dismissal of SEC's Earn Program Lawsuit – Here's the Latest
14.6.2023
Gemini, a cryptocurrency exchange, and Genesis Global Capital, a bankrupt cryptocurrency lender, have filed a petition to dismiss the SEC action linked to their joint venture product, Gemini Earn.
The SEC lawsuit charges the firms with offering yield-bearing instruments to their customers...
Australia's Crypto Industry Body Denounces Recent Banking Restrictions
14.6.2023
Blockchain Australia said it wants to tackle the issue "head-on by using real data," after reports that banks in the country were blocking payments to crypto exchanges
Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity
14.6.2023
Ripple's operations gear up in Europe and Asian markets despite an ongoing lawsuit instituted by the U.S. Securities and Exchange Commission
No Billion Crypto Users Without ‘Wallets That Work Like Modern Technology’ — Binance Head of Product
14.6.2023
While the blockchain and decentralized finance are often touted as the future of finance, according to Binance’s head of product Mayur Kamat, more people will become comfortable using these when there are crypto “wallets that work like modern technology.” For Kamat, an early...
VC Company A16z Expands to London to Take Advantage of Friendly Web3 Regulation
14.6.2023
A16z, a tech-focused venture capital company, has announced that it will open its first office in London to take advantage of the friendly regulatory environment in the U.K. Prime Minister Rishi Sunak stated he was thrilled about this expansion and that the U.K. would continue to embrace...
Belgium: Burger Chain to Accept Crypto Pay – Is Adoption on the Rise?
14.6.2023
The Belgian arm of the French fast food chain Black & White Burger has announced that all its stores in the nation will accept crypto payments.
Per the media outlets L’Echo and L’Avenir, the chain also says it has created a “mystery burger,” which will only be made available to customers paying...
House Financial Services Chair Wants To Vote on Digital Asset Bill Next Month
14.6.2023
US House Financial Services Committee Chair Patrick T. McHenry plans to hold a vote on a bill that would regulate digital assets by mid July.
The draft legislation in question, the Digital Asset Market Structure Discussion Draft, would classify cryptocurrencies as a security or a commodity...
SEC hears from Blockchain Assoc., House Republicans on 'exchange' definition proposal
13.6.2023
More opposition has come in at the last minute to the year-old proposal reimagining the SEC'ss definition of a securities exchange
Bank of China Uses Ethereum Blockchain for $28 Million Digital Structured Notes – Crypto Adoption on the Rise?
13.6.2023
Bank of China's investment arm BOCI has utilized the Ethereum blockchain network to issue $28 million worth of digital structured notes.
The bank has become the first Chinese institution to issue this type of tokenized security in Hong Kong, global investment bank UBS said in a recent press...
The US Treasury Is Looking Into Privacy in Studying the Potential of a CBDC, Official Says
13.6.2023
The US Department of the Treasury is looking into privacy behind the potential of a future retail central bank digital currency, a Treasury official said on Tuesday.
A retail CBDC has pros and cons, said Graham Steele, assistant secretary for financial institutions at US Treasury, on Tuesday...
Celebrities Guy Fieri and Sammy Hagar Launch NFT Loyalty Program via Their Tequila Brand
13.6.2023
Celebrity chef Guy Fieri and Rock and Roll Hall of Famer Sammy Hagar are getting into non-fungible tokens through a new loyalty program launched by a tequila company they co-founded.
Through the tequila brand Santo Spirits, the pair announced a new Web3 loyalty program called the Santos Spirits...
Today in Crypto: US Inflation Falls, Apple Threatens Damus Removal, Ripple Hinman Documents Unsealed + More News
13.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: US Inflation Falls, Apple Threatens Damus Removal, Ripple Hinman Documents Unsealed + More News
Judge Rules in Favor of Galaxy Digital in Case Against BitGo Over $1.2 Billion Deal Cancellation
13.6.2023
In a recent development, a federal judge in Delaware has ruled in favor of Galaxy Digital, the crypto merchant bank led by Mike Novogratz.
The case pertains to the termination of a $1.2 billion acquisition deal with BitGo. The court dismissed BitGo's lawsuit, stating that Galaxy had a valid basis...
Circle CEO Allaire Puts Pressure on House Lawmakers To Pass a Stablecoin Bill
13.6.2023
The CEO of stablecoin issuer Circle put the pressure on lawmakers to pass a stablecoin bill and get it signed by President Joe Biden as other countries forge ahead.
Delivering a stablecoin bill to “President Biden’s desk should be a national priority,” said CEO Jeremy Allaire in his prepared...
Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks
13.6.2023
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021, according to Glassnode
Telecom Giant Taiwan Mobile in Talks for Crypto Platform Investment
13.6.2023
Telecommunications giant Taiwan Mobile is in talks with local crypto platforms about potential partnerships and even investment in one of the businesses.
The government-licensed wireless service provider is exploring opportunities for collaboration with blockchain-enabled financial institutions...
Polygon in the process of creating the Value Layer
13.6.2023
Polygon is in the process of creating the Value Layer for the internet, which will allow a user to build, as well as share and program the Value Layer. This is similar to the internet offering the option of building and sharing information. The internet is known to establish connectivity with...
Classifying Crypto Tokens as Securities Will Hamper Some Blockchains’ Decentralization Efforts, Bernstein Says
13.6.2023
The core issue is whether countries should use securities law framed decades ago to categorize crypto tokens, without realizing the efforts of blockchain networks’ to transform existing financial systems, the report said
Shiba Inu Testnet Blockchain 'Puppynet' Crosses 20M Transactions
13.6.2023
A large whale added over $10 million worth of SHIB tokens on Tuesday, data shows
Binance Lawyers Push Back Against US SEC Claims That Binance.US Customer Assets Are at Risk
13.6.2023
Attorneys for Binance.US and Binance CEO Changpeng Zhao argued that the US Securities and Exchange Commission’s temporary restraining order to freeze its assets should be denied.
There is no risk to customer assets, the lawyers said on Monday in a court filing ahead of a Tuesday hearing...