Crypto exchange Coinbase has expanded its services in Singapore by announcing support for USD transfers. Retail customers in Singapore can now deposit or withdraw USD using their Coinbase accounts through the SWIFT network. This move is part of Coinbase’s plan to increase its presence in the Singapore market.With the introduction of commission-free trading for US […]
The US Securities and Exchange Commission (SEC) has rejected a petition from Coinbase, the largest crypto exchange in the US, seeking exemptions for certain crypto assets to be treated as commodities rather than securities. SEC Chair Gary Gensler provided three key reasons for the denial.Firstly, Gensler emphasized that existing laws and regulations already apply to […]
The US Securities and Exchange Commission (SEC) has rejected a petition from Coinbase, the largest crypto exchange in the US, seeking exemptions for certain crypto assets to be treated as commodities rather than securities. SEC Chair Gary Gensler provided three reasons for the denial. Firstly, he emphasized that existing laws and regulations already apply to […]
Crypto leaders in the United States have raised a total of $78 million for super PACs, with the aim of increasing the presence of lawmakers who are friendly towards the cryptocurrency industry. The entities that have shown support for Fairshake, one of the political action committees, include prominent names such as Andreessen Horowitz, Coinbase, and […]
Tether’s USDT stablecoin discount on centralized exchanges like Binance and Coinbase has reached its highest point in five months. This comes after Tether revealed its collaboration with US authorities, which has sparked criticism from the crypto community.According to data from Paris-based crypto data provider Kaiko, the discount on USDT is currently evident on major centralized […]
The Swiss arm of the Raiffeisen banking group is set to join the SIX Digital Exchange (SDX), the trading platform and central securities depository (CSD). This move is aimed at further establishing Raiffeisen’s presence in the blockchain sector. SDX, which is licensed by the Swiss Financial Market Supervisory Authority (FINMA), operates a trading platform and […]
The Swiss digital exchange, SDX, has announced that Raiffeisen Schweiz, one of the largest banking groups in Switzerland, is joining its trading platform. This move comes as digital assets continue to gain popularity among institutional investors. SDX offers a comprehensive blockchain-based platform for the issuance, trading, settlement, and custody of digital securities.Raiffeisen Schweiz’s decision to […]
FTX, a defunct crypto exchange, has filed an amended Chapter 11 reorganization plan that could result in significant losses for its creditors. The plan proposes valuing the creditors’ claims based on crypto prices from November 11, 2022, the day FTX filed for bankruptcy. However, since that date, major cryptocurrency prices have increased substantially, leaving creditors […]
South Korea has exempted non-fungible tokens (NFTs) and central bank digital currencies (CBDCs) from the crypto interest mandate. The Financial Services Commission (FSC) has released a notification stating that investors in digital assets must receive interest when depositing their cash into an exchange by July 2024. The regulator has also classified virtual assets and established […]
FTX Debtors have submitted a revamped Plan of Reorganization, which deviates from FTX Trading’s original Terms of Service (TOS). The revised plan, filed recently, follows an agreement with creditor stakeholders reached in October.The updated Chapter 11 Plan of Reorganization, led by CEO John Ray III and legal representation from Sullivan & Cromwell, introduces a contentious […]
