United States District Judge Peter Castel has approved a settlement allowing the now-defunct crypto exchange FTX and its sister trading firm, Alameda Research, to repay $12.7 billion to creditors. This decision resolves a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC) that has been ongoing for 20 months. The settlement, first agreed...
Mox, a virtual bank based in Hong Kong and a subsidiary of Standard Chartered, has become the first bank of its kind to offer direct trading of spot Bitcoin and Ether exchange-traded funds (ETFs) to its customers. Announced on August 7, Mox’s new service includes spot crypto ETF trading, with plans to expand its offerings...
Futu Securities International, Hong Kong’s largest online brokerage, has launched cryptocurrency trading for its 22 million customers, making it the first brokerage to directly offer Bitcoin and Ether trading to Hong Kong-based retail investors. The service debuted on July 23, according to the South China Morning Post. This move reflects growing investor interest in cryptocurrencies,...
This month, Telegram will roll out a suite of new features aimed at bolstering its support for blockchain technology and enhancing user experience across its platform. One of the most anticipated updates is the launch of a mini app store within Telegram. This feature will allow developers to create and deploy mini-apps directly within the...
The trading volume of Shiba Inu (SHIB) has soared by 145% over the past 24 hours, according to recent market data. CoinMarketCap reports that this surge in volume amounts to $1.14 billion, or 65.92 trillion SHIB, as the market closely monitors SHIB’s price action for signs of recovery. Despite this spike in trading volume, SHIB’s...
The Mukamal family has filed a lawsuit against asset manager Bitwise, seeking $2 million in damages. Filed on Monday, July 8th, the lawsuit implicates Bitwise executives CEO Hunter Horsley, CIO Matt Hougan, and President Teddy Fusaro in alleged fraud, breach of contract, negligence, and a pump-and-dump scheme that resulted in substantial financial losses for investors....
The FBI has issued a warning about new cryptocurrency scams involving fake law firms. These scams target unsuspecting investors by creating phony legal entities to lend an air of legitimacy and trick victims into parting with their digital assets. The Bank for International Settlements (BIS) has called on central banks to “raise their game” on...
The recent approval of Spot Bitcoin ETFs has been described by Goldman Sachs as a significant psychological milestone for the digital asset market. According to Matthew McDermott, Goldman Sachs’ global head of crypto, this approval has revitalized the market, drawing considerable interest from institutional investors. The U.S. Securities and Exchange Commission’s (SEC) unexpected approval of...
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have expanded their cross-border digital yuan pilot, allowing Hong Kong residents to use e-CNY wallets. This initiative aims to facilitate retail payments without enabling person-to-person transfers. The digital yuan, or e-CNY, is China’s central bank digital currency (CBDC), which has been in...
Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has announced its plans to launch crypto custody services, tapping into the increasing demand from its corporate and institutional clients. This move underscores a significant pivot towards integrating cryptocurrencies within traditional banking frameworks. In collaboration with Austrian-based Bitpanda, LBBW aims to introduce an “investment-as-a-service” infrastructure that will support...
