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Crypto Biz: The race for a Bitcoin spot ETF, Wall Street’s new crypto exchange, and other news
23.6.2023
The bid for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States is gaining traction following BlackRock’s recent application
Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report
23.6.2023
The request was denied by U.S. District Judge Lewis Kaplan, who characterized it as a “fishing expedition” lacking justification
Binance US Restores USD Withdrawals, Suggests Users Withdraw or Spend Their Dollars
23.6.2023
The U.S. subsidiary of the world’s largest crypto exchange, Binance, announced it has resolved the issues with U.S. dollar (USD) withdrawals. The trading platform, which recently averted an asset freeze sought by the United States Securities and Exchange Commission (SEC), informed customers...
Belgian financial regulator orders Binance to cease all virtual currency services
23.6.2023
The regulator said Binance must cease “with immediate effect” all crypto-related services in Belgium after being unable to provide sufficient information on its non-EEA companies
US Supreme Court halts Coinbase cases in its first crypto ruling
23.6.2023
The United States Supreme Court ruled in favor of Coinbase in its first ever opinion on a cryptocurrency case on June 23
Gemini Staking Pro now available in the UK
23.6.2023
Gemini recently announced the launch of Gemini Staking Pro in the UK. The platform is now live in the US (except New York), Brazil, Singapore, Australia, Hong Kong, and 30+ nations. Users in the United Kingdom with 32 or more ETH can now run dedicated validators on ETH. These validators will...
Crypto.com refutes all allegations against it
22.6.2023
According to the Financial Times, Crypto.com runs proprietary trading teams who involve themselves in trading against their customers, an allegation that Crypto.com completely refutes. From the viewpoint of FT, they have received input from five people who insist that exchange personnel offered...
Binance faces scrutiny in Brazil, exec summoned to testify before Congress
22.6.2023
This development comes amid a global regulatory crackdown on Binance, which is facing scrutiny in multiple countries
Binance SEC lawsuit could dent crypto exchange’s global plans
21.6.2023
The U.S. SEC is issuing a spate of regulatory actions against major exchanges, including the world’s largest digital asset exchange, Binance
Crypto Exchange Backed by Fidelity, Schwab, Citadel Launches With Trading of 4 Cryptocurrencies
21.6.2023
The cryptocurrency exchange backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial has launched and completed a new funding round. The platform offers the trading of four cryptocurrencies. EDX Crypto Exchange Launches EDX Markets...
Binance Unit in Britain Cancels UK Regulatory Authorization
20.6.2023
Britain’s financial regulator has approved a request by Binance to cancel its regulatory permissions in the United Kingdom. The move comes as the world’s leading cryptocurrency exchange takes steps to focus on fewer European markets amid increased scrutiny from regulators and ahead of Europe’s...
Wall Street giants back EDX Markets, a new cryptocurrency exchange
20.6.2023
EDX Markets is backed by large financial institutions such as Citadel Securities, Fidelity Investments, and Charles Schwab
Gemini plans Asia-Pacific expansion as part of 'next wave of growth for crypto'
20.6.2023
The crypto exchange has already announced efforts to expand into Canada and Europe amid a lawsuit from the United States Securities and Exchange Commission
Why Cathie Wood is bullish on Coinbase stock and believes Bitcoin will reach $1 million
19.6.2023
Cathie Wood recently added to her fund’s position in Coinbase Global stock and reiterated her call for a $1 million Bitcoin price. Is this in line with analysts’ expectations?
Do Kwon gets 4 months in prison in Montenegro on fake passport charges
19.6.2023
Terraform Labs founder sentenced to four months in jail after being found guilty of using a false Costa Rican passport
Bear market allows crypto companies to ‘listen’ to users: KuCoin exec
19.6.2023
Dorian Vincileoni, an executive at KuCoin, spoke with Cointelegraph at the Proof of Talk blockchain conference in Paris about navigating the state of the current market
Mufex coming in for mainnet launch
19.6.2023
The overall cryptocurrency market is continuously witnessing exceptional growth, for which the deliverance of new projects, platforms, and technological know-how seems to be responsible. Meanwhile, traders are constantly scouring innovative solutions that will bring them the necessary tools...
Binance cancels registration in the UK amid regulatory scrutiny
19.6.2023
Binance’s deregistration with the FCA did not have an operational impact, as it had never done business in the United Kingdom, a regional manager said
Coinbase stock rose by almost 6% in the previous week
19.6.2023
According to data released by The Block Research, Coinbase’s stock price increased by approximately 6% from the previous week and closed at $55.59. Coinbase traded up 5.93% over the previous week. Consideration must be given to the fact that all of this is occurring while the Securities...
EigenLayer delivers its restaking protocol on Ethereum
19.6.2023
EigenLayer, a decentralized finance (DeFi) platform, officially announced that it has effectively delivered its staking protocol on the Ethereum mainnet. Indeed, this is a watershed moment for the Seattle-based company. The team members of EigenLayer are responsible for building the restaking...