Australia’s financial regulator cancels license for FTX’s local entity
The Australian financial services regulator has finally canceled the financial license of FTX Australia, the bankrupt crypto exchange's local subsidiary — effective July 14. On...
Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing
The Eighth Judicial District Court of Nevada has granted a petition from the state’s Financial Institutions Division (NFID) placing crypto custodian Prime Trust into receivership,...
Actor Ben McKenzie says crypto is like a ‘Ponzi scheme’
McKenzie says cryptocurrencies resemble an MLM scheme. He calls for the need to better regulate and license this market. Bitcoin is currently up a whopping...
Shinhan Bank tests stablecoin remittances on the Hedera
Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances. The pilot on the Hedera network involved cross-border stablecoin payments using South Korean...
The European Commission’s Web4 strategy might be a flop
There’s a lot of work left to be done on Web 3.0. The European Commission is getting ahead of itself by trying to move to...
United States SEC officially accepts Valkyrie Spot Bitcoin ETF application
The US SEC has been receiving Bitcoin ETF resubmissions after it rejected previous applications for inadequacy. Valkyrie Bitcoin Fund was the last company to submit...
US lawmaker calls on SEC chair to reassess stance on crypto following Ripple ruling
New York Rep. Ritchie Torres has called on United States Securities and Exchange Commission (SEC) Chair Gary Gensler to reconsider the regulator’s position on crypto...
Bitcoin rally will lead to "speculative blow-off top” in 2024, Mark Yusko predicts
BlackRock's application for a spot Bitcoin ETF has kicked off the next Bitcoin bull run, which will culminate in 2024 with a speculative parabolic run,...
Coinbase CEO will meet with US lawmakers to discuss crypto legislation: Report
The crypto exchange is currently involved in a legal battle with the U.S. Securities and Exchange Commission over allegedly offering unregistered securities.
Ripple invests in $54M series A round for Futureverse
Ripple invested in the $54 million series A round for Futureverse. 10T Holdings led the funding round, which Futureverse says will go into scaling AI...