Billionaire entrepreneurs Elon Musk and Mark Cuban have joined forces to submit a shared amicus brief to the Supreme Court, expressing concerns about the Securities and Exchange Commission’s (SEC) approach to internal proceedings without jury involvement. They argue that these administrative proceedings lead to unequal outcomes for individuals facing SEC charges, potentially infringing on their […]
Tesla has confirmed its commitment to its Bitcoin holdings in its Q3 2023 financial report, despite facing financial challenges. The company maintained its position, holding approximately 9,720 BTC worth over $275 million. This marks the fifth consecutive quarter that Tesla has refrained from selling its cryptocurrency assets. Tesla’s initial investment in Bitcoin in 2021 sparked […]
The United States-based cryptocurrency exchange Coinbase has chosen Ireland as its main European hub for compliance with Europe’s cryptocurrency regulatory framework, known as Markets in Crypto-Assets Regulation (MiCA). This move allows Coinbase to serve the 450 million people across 27 countries in Europe under one regulatory framework and with one national supervisor. Currently, Coinbase holds […]
In a shocking revelation, it has been uncovered that the defunct cryptocurrency exchange FTX allegedly used customer funds to repurchase its stake held by Binance. This has raised concerns about the handling of customer deposits within the crypto industry. During a court hearing, it was disclosed that FTX employed customer deposits for various purposes, including […]
India’s state-run refiner Hindustan Petroleum (HPCL) has partnered with blockchain software firm Zupple Labs to launch a blockchain system for automated verification of purchase orders (POs). The system, called LegitDoc, integrates Zupple Labs’ blockchain-based digital credentialing technology into HPCL’s purchase order system. This allows HPCL to issue digital POs to vendors without manual verification, while […]
Binance, the world’s largest cryptocurrency exchange, has announced the addition of six new spot trading pairs, including ATOM/FDUSD, AVAX/FDUSD, BAND/TRY, BCH/FDUSD, LOOM/TRY, and MATIC/FDUSD. They will also introduce Spot Grid and Spot DCA Trading Bots for the NTRN/USDT and PENDLE/USDT pairs. Users will enjoy zero maker fees on FDUSD trading pairs until further notice. FDUSD […]
Stéphanie Cabossioras has resigned from her position as the executive director of Binance France, making her the latest senior executive to leave the company this year. Binance France President David Prinçay confirmed her departure and expressed gratitude for her contributions. Cabossioras joined Binance in April 2022 as the head of legal for the French arm […]
In the next three days, the NewsBTC team will be covering xDay 2023, an event organized by MultiversX in Romania. Formerly known as Elrond, the project has rebranded and shifted its focus to the Metaverse, which is currently a hot trend in the crypto industry.MultiversX has launched new products, including a “Super App” called xPortal, […]
Tether, the leading stablecoin company, has announced that it has frozen 32 addresses containing $873,118 that are believed to be connected to illegal activities in Ukraine and Israel. This move is part of Tether’s ongoing efforts to combat cybercrime and ensure that digital assets are not used for illegal purposes. The company has worked closely […]
The native token of Sui, called SUI, has experienced a decline in value after allegations of supply manipulation by the Sui Foundation. The token fell by over 9% and reached new lows of $0.37. However, it has since gained a little under 1% in the last 24 hours. The Sui Foundation has denied the allegations, […]
