On November 17, decentralized exchange dYdX experienced a significant loss of $9 million in user liquidations. The founder of dYdX, Antonio Juliano, believes that this was a targeted attack against the exchange. The incident occurred in the midst of a 43% decline in the Yearn.Finance (YFI) token, which raised concerns about a potential exit scam. […]
The Spanish regulatory authority is considering investigating cryptocurrency advertisements on platform X, emphasizing the need for businesses to comply with local regulations and take action against unregistered entities promoting investments. In response to proposed tax legislation by the IRS, the Blockchain Association has voiced opposition, stating that it would be challenging for many players in […]
The Consumer Financial Protection Bureau (CFPB) has ordered Citibank to pay over a million dollars to potential customers who were treated unfairly. According to the CFPB, Citibank violated the Equal Credit Opportunity Act by denying services to people based on their heritage. Specifically, the bank discriminated against Armenian Americans between 2015 and 2021 when denying […]
The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, a major financial institution, to pay over a million dollars to potential customers who were racially profiled and treated unfairly. According to the CFPB, Citibank violated the Equal Credit Opportunity Act by denying services to a specific group of people based on their heritage. Specifically, the […]
BitGo CEO Mike Belshe recently shared his cautious outlook on the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. SEC. While he remains optimistic about the potential approval, he also acknowledges that there may be additional hurdles to overcome. One of the key concerns highlighted by Belshe is the SEC’s insistence on the […]
In a groundbreaking move, German lawmaker Joana Cotar has expressed her support for recognizing Bitcoin as legal tender in Germany. Cotar, a member of the German Bundestag, has launched the “Bitcoin in the Bundestag” initiative to educate her parliamentary peers about the benefits of Bitcoin. She emphasizes its potential for financial freedom, privacy protection, and […]
Fidelity Investments, a multinational financial service corporation, has filed for an Ethereum Spot Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This is the second ETF filing by Fidelity, following their previous filing for a Spot Bitcoin ETF. The filing outlines the framework for listing and trading Trust shares on […]
As industry and finance continue to converge, the construction of treasury systems is becoming increasingly important for companies. This transition from cash management to synergistic growth requires a more centralized and secure approach to fund management. One strategic starting point for building treasury systems is leveraging supply chain finance. By deepening the integration of business […]
Lee Jeong-hoon, the former chairman of Bithumb, a major cryptocurrency exchange in South Korea, is currently facing a legal battle that could result in an eight-year prison sentence. Prosecutors allege that Lee intended to manipulate Bithumb’s governance to benefit from exchange coins, bypassing financial regulations. They claim that Lee received payments without disclosing the decision […]
Fidelity, a major money management company, has filed for the creation of an exchange-traded fund (ETF) focused on Ethereum’s ether (ETH). The proposed Fidelity Ethereum Fund aims to be listed on an exchange owned by Cboe Global Markets. This move comes as Fidelity seeks to expand its crypto offerings, following in the footsteps of rival […]
