Ross
Regulatory Uncertainty Casts Shadows on Wall Street’s Crypto Journey
Digital-asset market grows to trillion-dollar value, intensifying Wall Street’s custody service competition. Nasdaq suspends crypto-asset custodian launch, citing regulatory uncertainty. Societe Generale obtains a license, while Schroders seeks a crypto...
Myanmar’s Shadow Government Unveils Crypto Bank For Financial Control
Myanmar’s shadow government has an opportunity to explore enhanced control of the country’s financial landscape after announcing the soft launch of its first-ever crypto-based banking establishment, scheduled for July 22....
Binance’s Payment Processor Linked To Russian Money Laundering Operation
An investigation by Ukrainian journalist, Kollen Post suggested that Binance money processor Advcash is a Russian laundering operation in disguise. On July 18, the crypto news platform Protos reported that...
Beeple Challenges AI As Solution To Digital Collectibles Market Slump
Beeple, the artist behind the $69 million NFT sale which propelled the popularity of NFTs into the mainstream media, has once again made it to the headlines with his hot-take...
Justin Sun Accused of Covertly Acquiring TrueUSD: Archblock Lawsuit
The founder of DeFi marketplace Archblock has filed a lawsuit claiming that Justin Sun, the founder of Tron and CEO of BitTorrent, covertly acquired TrueUSD (TUSD). The news was reported...
Global Watchdog Proposes Impartial Regulatory Framework for Crypto
The whole of 2022 and early 2023 has featured some turbulent times for the crypto industry, which has been classified as a “potential threat to the wider financial system” by...
National Australia Bank Imposes Restrictions on ‘High-Risk’ Exchanges
Bloomberg reported this morning that National Australia Bank Ltd. (NAB) has implemented restrictions on certain transactions to crypto exchanges classified as “high-risk.” The report suggested that this move aligns with...
‘Australia Joins The Bitcoin Race’: Monochrome CEO Jeff Yew
Monochrome CEO Jeff Yew celebrated Australia’s entry into the “Bitcoin race” on Twitter. Monochrome Asset Management’s partner, Vasco Trustees Ltd, submitted an application for the Monochrome Bitcoin ETF to the...
NYC Mayor Fails To Disclose BTC, ETH Holdings In Financial Disclosure
NYC Mayor Eric Adams announced that he will revise his financial disclosure form after it was highlighted that the form didn’t include any information about his Bitcoin and Ethereum holding....
G20 Ministers To Advice On Crypto Regulation: Indian Economic Affairs Head
Earlier today, Business Standard reported that reports and findings on crypto regulations will be shared with G20 finance ministers and central bank governors. According to India’s Secretary of the Department...
EBA Publishes Stablecoin Issuance Guidelines Under MiCA Regulation
The European Banking Authority (EBA) has announced in place some recent regulations in the interest of risk management and consumer protection. As part of “guiding principles,” the EBA has advised...
Cathie Wood’s Ark Invest Reaps $12M From Coinbase Stock Rally
Cathie Wood’s Ark Investment Management LLC sold $12 million worth of shares in Coinbase Global Inc on Tuesday, amid a rally in the exchange’s stock price. As reported by Bloomberg,...
VC Firm Founder Calls Binance “Ponzi,” Compares With Bankrupt FTX
Venture capital firm Cinneamhain Ventures founder Adam Cochran called out Binance for being a “Ponzi” scheme with an evident “hole across multiple assets.” Comparing the leading exchange with FTX, Cochran...
DeFi Researcher Announces Exclusive Airdrop For Arkham Analytics Users
On July 10, DeFi researcher Ignas tweeted about an airdrop for Arkham Analytics tool users. The DeFi expert also shared a referral link to the airdrop which would allow people...
July’s Biggest Economic Events Listed: CPI Data Release, FOMC Meeting
July marks a series of eagerly anticipated events, making it a significant month from an economic standpoint. In today’s article, we will be breaking down the top key economic activities,...
Ripple’s Head of Policy Advocates for CBDC Adoption in the UK
Ripple’s Head of Policy, Susan Friedman, discussed London’s potential as a crypto hub. Ripple’s dedication to London aligns with its positive outlook on the potential of CBDCs. Friedman highlighted the...
Binance Announces Retirement Of Deposit Addresses & Memos In Q3
Earlier today, the world’s leading crypto exchange Binance announced that it will retire selected deposit addresses and memos in batches by networks from July to September. The move comes as...
Digitalizing Gold’: BlackRock CEO Pitches Bitcoin to Investors
There’s a growing institutional interest in crypto and the star of the show is Bitcoin. In a recent interview, BlackRock’s CEO labeled the leading cryptocurrency as an “international asset.” Binance...
Crypto Validator Revives 5% Commission For LUNC on Classy’s Sphere
Earlier today, Twitter influencer and LUNC validator ClassyCrypto tweeted about Classy’s Crypto Sphere, a Proof-of-Stake infrastructure provider, making a transition back to a 5% commission on the Terra Classic token....
Binance Australia Office Searched by ASIC in Derivatives Probe
According to a report from Bloomberg on Wednesday, Binance Australia’s office was searched by the Australian securities regulator as a part of a probe into its recently defunct local derivatives...
Purchases After Poly Exploit Not Recognized, Informs MetisDAO
This morning Metis’ official account tweeted that only the METIS purchases made on BNBChain addresses prior to the Poly Network’s exploit, and the perpetrator’s first sale of exploited METIS will...
SEC’s Interpretation of Digital Asset Contracts Unlawful: Coinbase CLO
Earlier today, Coinbase Chief Legal Officer Paul Grewal accused the U.S. Securities and Exchange Commission (SEC) of violating the law in its interpretation of “investment contract”. In Twitter thread, Grewal...
Singapore Regulator Orders Exchanges To Keep Customer Assets In Trusts
MAS ordered Singapore-based crypto firms to keep customer assets in trust by the end of 2023. Reportedly, the government claimed that custodial independence is required for customer asset protection among...
Korean Authorities Ban Travel for Haru Invest, Delio, B&S Holdings Execs
Seoul authorities impose travel restrictions on individuals associated with Haru Invest, Delio, and B&S Holdings. Haru Invest and Delio suspended withdrawals due to issues with service partner B&S Holdings. Concerned...
Financial Institutions Show High Interest In Sygnum’s For Crypto Transactions
Sygnum, which operates a digital-asset bank in Switzerland and provides asset management services in Singapore is witnessing significant interest in cryptocurrency transactions from various financial entities such as fund houses,...
