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JPMorgan Successfully Conducts First Live Blockchain Collateral Settlement Transaction with BlackRock and Barclays

JPMorgan has achieved a significant milestone by successfully conducting its first live blockchain-based collateral settlement transaction. The transaction involved BlackRock and Barclays and utilized JPMorgan’s Ethereum-based Onyx blockchain and Tokenized Collateral Network (TCN). BlackRock tokenized shares from one of its money market funds, which were then transferred to Barclays as collateral for an over-the-counter derivatives […]

ARK Invest Addresses SEC Concerns in Updated Bitcoin ETF Proposal

ARK Invest has updated its proposal for a spot Bitcoin ETF in response to criticisms from the U.S. Securities and Exchange Commission (SEC). The amendment addresses concerns regarding accounting methods, risk valuation techniques, and surveillance-sharing arrangements. The updated application highlights Coinbase’s custodial practices, stating that the fund’s assets are held in segregated addresses on the […]

Shiba Inu Team Member Warns Community and Exchanges of Scammers and Fake LinkedIn Pages

The Shiba Inu community has seen increased activity since the launch of the Ethereum Layer 2 network Shibarium. However, this rise in activity has attracted bad actors looking to take advantage of the situation. A team member, known as Ragnar, has taken to social media to warn the community and exchanges about these issues.Ragnar clarified […]

Solana Co-Founder Highlights Obvious Use Case for Crypto: Simple Payments

Anatoly Yakovenko, co-founder of Solana, a smart contract platform, believes that one of the obvious use cases for cryptocurrency and blockchain technology is simple payments. In an interview, Yakovenko emphasized the importance of focusing on what already works at scale, and he sees payments as a prime example. He believes that digital assets can revolutionize […]

US Senators Urge Swift Implementation of Crypto Tax Reporting Requirements

Seven U.S. senators, including Elizabeth Warren and Bernie Sanders, have urged the Treasury Department and IRS to expedite the implementation of tax reporting requirements for crypto brokers. The lawmakers expressed concern over the two-year delay in enforcing these rules, which are set to take effect in 2026 for transactions in 2025. They argued that the […]

Brazilian Congressional Committee Recommends Indictment of Binance CEO and Executives for Fraud and Illegal Practices

FTX co-founder Sam Bankman-Fried reportedly considered selling equity in the company to Saudi Crown Prince Mohammed bin Salman, according to testimony from former Alameda Research CEO Caroline Ellison during Bankman-Fried’s trial for alleged fraud. The testimony revealed that Bankman-Fried and Ellison discussed methods to hedge their investments in 2022, with the potential investment from the […]

Bitcoin Drops Nearly 3% to $26.7K, Testing September Lows

Bitcoin experienced a decline of nearly 3% to $26.7K, reaching its lowest level since late September. Despite attempting to break through the $28,000 resistance over the weekend, the cryptocurrency was unable to sustain its momentum. This setback has left investors wondering how much further Bitcoin’s price may drop. The market volatility and uncertainty surrounding Bitcoin’s […]

Bitstamp to Discontinue Services in Canada, Hopes to Return in the Future

Bitstamp, a cryptocurrency exchange, has announced that it will be discontinuing its services to customers in Canada starting from January 8, 2024. The decision was initially communicated to Canadian customers in March and CEO Bobby Zagotta expressed the company’s gratitude towards its Canadian customers, emphasizing that this was not an easy decision. Bitstamp has also […]

Former Alameda Research CEO Testifies Against Sam Bankman-Fried in Criminal Trial, Alleges Auto-Deletion of Messages and Bribery of Foreign Officials

Ex-Alameda Research CEO, Caroline Ellison, testified in the criminal trial of Sam Bankman-Fried, revealing that they communicated through the messaging app Signal, which has an auto-delete feature. Ellison also claimed that Bankman-Fried instructed her and others not to leave anything in writing. Prosecutors presented evidence showing that Bankman-Fried set the disappearing message time for one […]

Israeli Crypto Firms Navigate War Challenges, Launch Crypto Aid Campaign

Israeli crypto firms are dealing with the aftermath of a surprise attack by Hamas fighters. While many of these firms are not experiencing severe disruptions to their business operations, some employees are being called up for reserve duties in the army. In response to the ongoing war, Israeli crypto firms have launched a campaign called […]