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Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future
22.8.2023
In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while...
Gemini Challenges SEC Lawsuit on Lending Program, Pushes for Oral Hearing
21.8.2023
Lawyers for cryptocurrency exchange Gemini have filed a motion seeking to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC) over its Gemini Earn lending program. In the motion, Gemini argues the SEC has failed to plausibly allege that any securities laws were...
Bitdeer, B. Riley Financial enter into agreement for $150M share purchase
9.8.2023
Crypto mining firm Bitdeer reached an agreement with B. Riley Financial to sell up to $150 million of its Class A ordinary shares
Report: FTX Co-CEO Ryan Salame in Plea Deal Talks; Private Jet May Be Forfeited
9.8.2023
A Bloomberg article, citing “people familiar with the case,” reveals that FTX’s co-CEO Ryan Salame is allegedly in talks with prosecutors, and a plea agreement could be forthcoming. Insiders also emphasize that Salame’s privately owned aircraft may be surrendered as part...
Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution
29.7.2023
The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge...
FTX, Genesis reach in-principle agreement to settle bankruptcy case
28.7.2023
FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement
FTX and Genesis Reach Agreement in Ongoing Bankruptcy Dispute
28.7.2023
Crypto lender Genesis Global Capital is FTX’s largest unsecured creditor, with $226 million in claims
Stronghold Expands Operation With $3M Acquisition of 2,000 Canaan Bitcoin Miners
27.7.2023
Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility in the third quarter. Stronghold Digital Mining...
Latam Insights — Argentina Reaches IMF Agreement, Bitfarms to Open New Mining Operations in Paraguay
25.7.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina reached a new agreement with the International Monetary Fund (IMF), Bitfarms will open two bitcoin mining farms in Paraguay, and Venezuela is...
Egyptian and Nigerian Central Banks Sign Agreement to Deepen Cross-Border Regulation
20.7.2023
The central banks of Egypt and Nigeria have signed a fintech agreement to deepen the two institutions’ “cross-border regulatory collaboration” and information sharing. The London Institute of Banking & Finance, which also signed an MOU, will offer training programs, workshops...
India and UAE Break Away From US Dollar: Landmark Agreement Enables Trade Settlements in Rupees and Dirhams
17.7.2023
In a compelling turn of events this Saturday, India and the United Arab Emirates (UAE) inked a landmark agreement facilitating trade transactions to be settled in their native currencies, rupees and dirhams, instead of relying on the U.S. dollar. India’s prime minister Narendra Modi visited...
Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements
12.7.2023
The surveillance-sharing agreements are a measure recommended by the SEC in March, which says they can prevent fraud and protect investors
Coinbase Soars After Reaching Cboe Surveillance Sharing Agreement for 5 Bitcoin ETF Applications
11.7.2023
Shares of Coinbase jumped as much as 16% Tuesday after the crypto exchange reached an agreement with Cboe’s BZX Exchange to maintain a surveillance-sharing agreement for five of its spot bitcoin exchange-traded fund (ETF) applications
Canada's courts deem ???? emoji valid as a contract agreement: Report
9.7.2023
The case sought to determine whether a Canadian farmer had agreed to sell tons of flax to a grain buyer in 2021 by replying with a thumbs-up emoji
Pop Icon Taylor Swift Signed $100M Deal With Crypto Exchange FTX, New Reports Claim
8.7.2023
Taylor Swift, a pop icon and 12-time Grammy Award winner, did sign an agreement with bankrupt cryptocurrency exchange FTX, new reports claim. However, FTX executives reportedly convinced former FTX CEO Sam Bankman-Fried (SBF) to reconsider and abandon the $100-million deal with Swift. Taylor Swift...
Nasdaq Refiles Valkyrie's Bitcoin ETF Application with Coinbase Surveillance-Sharing Agreement
6.7.2023
Stock exchange giant Nasdaq has refiled Valkyrie’s application for a spot Bitcoin exchange-traded fund (ETF) with Coinbase as its “surveillance-sharing” partner.
As per a July 3 filing with the U.S. Securities and Exchange Commission (SEC), the stock exchange submitted a proposed rule change...
Animoca Brands announces strategic agreement with Farcana
6.7.2023
Animoca Brands has announced entering into a strategic agreement with Farcana, a Web3 team arena shooting game. It is yet to be released, but the game has started making the buzz for all the right reasons. A partnership with Animoca Brands signals the commitment with which it wants to serve...
Coinbase Shares Skyrocket Over 30% After Nasdaq and Cboe Amend Bitcoin ETF Applications
4.7.2023
During the initial half of 2023, Coinbase shares experienced a significant surge, rocketing over 30% this week as Nasdaq and Cboe refiled spot bitcoin exchange-traded fund (ETF) applications on behalf of numerous fund managers. The revisions highlighted that, upon ETF approval, Coinbase has been...
Nasdaq Resubmits Blackrock Spot Bitcoin ETF Application, Inks Agreement With Coinbase for Surveillance-Sharing
4.7.2023
After the four firms that filed for spot bitcoin exchange-traded funds (ETFs) resubmitted their applications with the U.S. Securities and Exchange Commission (SEC), the asset manager Blackrock followed suit with an amended application. Similar to Cboe’s refiling of registrations from...
Presidential Candidate Javier Milei Claims He Has the Funds to Dollarize Argentina
30.6.2023
Javier Milei, a liberal presidential candidate in Argentina, stated recently that he has the funds needed for the dollarization of the country at the current market prices. Milei noted that his team had signed an NDA (non-disclosure agreement) with unknown third parties that would provide...