New York Stock Exchange listed company Bakkt is delisting Solana, Polygon and Cardano citing regulatory uncertainty, according to Fortune. This comes days after the US Securities and Exchange Commission said those three cryptocurrencies, among others, are securities. … Read More: Bakkt Is Delisting Solana, Polygon and Cardano Citing Regulatory Uncertainty: Fortune Read more »Sign up for…
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Sam Bankman-Fried (SBF), the founder and former CEO of the bankrupt crypto exchange FTX, made an effort to have several charges against him dismissed in court. Although the defense team’s arguments faced skepticism from the US federal judge in New York, the judge did agree to divide the charges. According to the judge’s decision, the…
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Investment giant BlackRock has filed for a spot bitcoin ETF, a product that is yet to get the green light from the Securities and Exchange Commission. On Thursday, the firm filed an application with the SEC to launch the iShares Bitcoin Trust, which is intended to allow investors to get direct exposure to the flagship cryptocurrency in a secure way. … Read More: Confirmed:…
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South Korea’s financial industry thinks the nation’s security token offerings (STO) market could be worth $287 billion by 2030, with the biggest commercial banks in the country “lining up” to get involved. Per EDaily, the Hana Financial Group’s Management Research Institute predicted that the domestic security token market will grow to almost $27 billion next…
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Tether Holdings Ltd. at one point counted securities issued by Chinese companies among the reserves backing its USDT stablecoin, according to Bloomberg News. Tether at a point in time held securities issued by state-owned Chinese companies including Industrial & Commercial Bank of China Ltd., China Construction Bank Corp. and Agricultural Bank of China Ltd, according…
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The Texas State Securities Board has issued an emergency cease-and-desist order against crypto lender Abra, claiming that it has been insolvent since at least March 31, 2023. In a Thursday filing, the Texas regulator unveiled enforcement actions against Abra and its founder William Barhydt for allegedly committing securities fraud as well as engaging in deception regarding…
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Do Kwon, the founder of failed blockchain project Terra, could stay in custody for up to six months while Montenegro’s courts consider an extradition request from South Korea. On Thursday, a Montenegro court extended Kwon’s stay in custody for an additional six months as he awaits trial for possible extradition, according to a report by Radio…
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Avraham Eisenberg, a trader accused of manipulating the decentralized exchange Mango Markets in a massive multi-million dollar scam, is slated to stand trial on Dec. 4 in New York. The scam was carried out on October 11, 2022, with Mango Markets tweeting at the time that a hacker had manipulated the platform’s price oracle, resulting…
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In an insightful conversation with Cryptonews, Paolo Ardoino, the CTO of both Tether and Bitfinex, shed light on crucial topics relating to the crypto world. The dialogue navigated the volatile waters of inflation, the allure of gold as a tangible asset, and the growing fascination with digital gold – Bitcoin. Ardoino also explained Tether’s novel…
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Chinese banks will let their customers pay for more wealth management products using the digital yuan, as the nation’s central bank digital currency (CBDC) continues to branch out. Per the Chinese media outlet Financial Report Network (via Stockstar), the state-owned China Construction Bank (CCB) has teamed up with China International Capital Corporation and the securities…
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