Binance, the leading global cryptocurrency exchange, has announced that it will be shutting down its crypto-powered Visa debit card services in the European Economic Area (EEA) in December. The closure of the card does not affect customer accounts, and Binance is encouraging European customers to transition to its crypto payment technology, Binance Pay. The card […]
FTX’s former general counsel, Can Sun, has testified in court about the events surrounding the wave of withdrawals in November 2022. He revealed that founder Sam Bankman-Fried asked him to come up with “legal justifications” for the missing billions in customer deposits. This revelation complicates Bankman-Fried’s defense that he believed the appropriation of funds in […]
In a series of posts on social media platform X, a pro-XRP lawyer expressed his disdain for the Securities and Exchange Commission (SEC) and wished them the worst in the ongoing litigation against Ripple. The lawyer hopes that the court will impose the smallest possible penalties on Ripple in the upcoming penalty phase of the […]
Binance, the world’s largest cryptocurrency exchange, has announced that it will be shutting down its crypto card services in the European Economic Area (EEA). This decision comes as Binance faces increasing regulatory pressure in various countries. The exchange’s Visa Debit Card Services, which allow users to convert crypto assets into local fiat currencies for purchases, […]
Coinbase, a leading cryptocurrency exchange, has announced plans to establish its EU MiCA hub in Ireland. This decision comes as Coinbase aims to expand its operations strategically across all 27 European member nations. By choosing Ireland, Coinbase hopes to optimize its current operations and uphold regulatory compliance while introducing more individuals to cryptocurrency. The company […]
Investment management firm BlackRock has filed an amended version of its application for a spot Bitcoin exchange-traded fund (ETF), following similar filings from other companies. The updated filing includes additional warnings about the risks associated with investing in Bitcoin, highlighting the lack of regulation and transparency in the cryptocurrency market. BlackRock also acknowledges the competition […]
The Depository Trust & Clearing Corporation (DTCC) has announced its acquisition of digital asset infrastructure developer Securrency. The deal will enable DTCC to gradually incorporate digital assets into its existing products and services. The financial terms of the agreement have not been disclosed, but the acquisition is expected to be finalized in the coming weeks. […]
Lawyers representing the United States Securities and Exchange Commission (SEC) have announced their intention to dismiss all claims against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. In a recent court filing, the SEC stated that the parties involved in the case against Ripple have agreed to a dismissal with prejudice, indicating that a trial […]
The Crypto Aid Israel collective has raised over $185,000 in less than two weeks and has already distributed aid to various humanitarian groups. The organization has conducted two rounds of aid distribution, providing around $50,000 to NGOs such as the Foundation for Advancing Citizens of Eshkol Regional Council and Zaka. These funds have been used […]
New York State Attorney General Letitia James has filed a lawsuit against three major cryptocurrency firms, Gemini, Genesis, and Digital Currency Group (DCG), accusing them of defrauding more than 230,000 investors. The lawsuit alleges that the companies attempted to conceal $1.1 billion in losses and repeatedly lied to their investors. The investigation found that Gemini […]
