CoinSwitch, an Indian cryptocurrency exchange backed by Andreessen Horowitz (a16z), has recently reduced its team by 7%, or 44 people. This decision was made due to the decreasing level of customer activity. A spokesperson of the platform explained that the team was right-sized to align with the present volume of customer queries.CoinDCX, another local digital […]
Tether, the issuer of the popular stablecoin USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas, to its platform to process dollar transfers. It is unclear when the banking relationship between Tether and Britannia Bank began, but other reported banking partners include Deltec Bank and Capital Union Bank.The move […]
The U.S. Court of Appeals for the D.C. Circuit has ruled in favor of Grayscale in its lawsuit against the Securities and Exchange Commission (SEC). The court found that the SEC had failed to adequately explain why it approved two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP.Grayscale had accused the SEC of “arbitrary […]
Binance, the world’s largest cryptocurrency exchange, has devised a strategy to retain its Belgian market following a suspension order by Belgium’s financial market regulator in June. The exchange has redirected all its Belgian users to its Polish branch, which is a registered virtual assets service provider (VASP) in the European Economic Area (EEA). Customers may […]
The crypto community was delighted when the District of Columbia Circuit Court of Appeals overturned the United States Securities and Exchange Commission’s (SEC) rejection of Grayscale Investments’ Bitcoin spot ETF application. Adam Cochran of Cinneamhain Ventures and Miles Deutscher, an influencer, both expressed their enthusiasm on X. Grayscale’s chief legal officer Craig Salm acknowledged the […]
Grayscale has won a major victory in court against the Securities and Exchange Commission (SEC), bringing the U.S. market one step closer to approval of a Bitcoin spot ETF. Bloomberg Intelligence Senior Legal Analyst Elliot Z. Stein had given Grayscale a 70% chance of winning its lawsuit against the SEC. Grayscale’s lawsuit accused the SEC […]
Miami Mayor Francis Suarez, who was one of the few cryptocurrency-friendly candidates running for president of the United States in 2024, has announced he will be suspending his campaign. In an Aug. 29 announcement on X (formerly Twitter), Suarez said that while running for U.S. president had been “one of the greatest honors of [his] […]
Binance, the world’s largest cryptocurrency exchange, held its first Community Meetup in Yerevan, Armenia. The event comes amid reports that the crypto giant is considering an exit from Russia due to regulatory pressures from the United States and Europe. Vladimir Smerkis, the General Manager and regional director of Binance in Russia and the CIS countries, […]
Circle, a fintech company, has announced a partnership with Mercado Libre to bring the USDC stablecoin to Mercado Pago on Aug. 29. Jeremy Allaire, Circle’s CEO, posted a thread on X announcing the launch of USDC on the retail giant’s online payment platform. USDC is a stablecoin, meaning it is pegged to the U.S. dollar. […]
Raoul Pal, CEO of Real Vision and former Goldman Sachs executive, recently held an Ask Me Anything (AMA) session on YouTube to explain his bullish stance on crypto assets. He believes that blockchain technology offers users the opportunity to own and operate pieces of a network, unlike other systems where people have to buy stocks […]
