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Franklin Templeton’s Tokenized Money Market Fund Passes $270m AUM
Just over a year ago, Franklin Templeton launched its OnChain U.S. Government Money Fund, which has now surpassed $270 million in assets under management (AUM) for the tokenized fund. It’s the first U.S. registered fund to use a public blockchain (Stellar) to record transactions and shareholdings. Franklin Templeton is a major player in the asset...
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Twitter Taps eToro to Let Users Trade in Stocks, Crypto
Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices of cryptocurrencies, stocks and other assets, and to enable the trading of those instruments. The trading data will be available through Twitter’s Cashtags feature, which was launched in 2012 and allows users to interact...
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Germany’s New Regulation Paves Way for Tokenized Digital Shares
Germany continues its crypto-friendly stance by introducing a new law allowing companies to issue crypto shares. The German Ministry of Finance said it was working on the Future Financing Act, a law “intended to support private asset accumulation and mobilize more private capital for future investments .” Other key improvements include the reduction of minimum...
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SEC: New Laws for Cryptocurrencies Are Unnecessary
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said there is no need for additional legislation for cryptocurrencies, reports The Block. Existing securities laws cover most of the activity that happens in the cryptocurrency markets, Gensler told reporters after a March 29 hearing at the U.S. House Committee on Appropriations. During the hearing, he...
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Former FTX CEO Accused of Bribing $40 Million to Chinese Officials
Former FTX CEO Sam Bankman-Fried has been accused of organizing a bribe of at least $40 million to Chinese officials, Reuters reports. U.S. Attorney’s Office brought him new charges on 13 counts, which include conspiracy to violate anti-corruption laws. Bankman-Fried personally oversaw the transfer of at least $40 million worth of cryptocurrencies to Chinese officials,...
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Binance Will Open a Blockchain Hub in Georgia
Crypto exchange Binance announced the creation of a new blockchain hub in Georgia, calling this country one of the most innovative in the region, and expressed its readiness to actively participate in the development of its crypto industry. As part of the project, Binance hopes to attract more specialists to the blockchain sector, promote educational...
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SEC Sues Huobi CEO and Warns of Possible Coinbase Lawsuit
The US Securities and Exchange Commission (SEC) filed a lawsuit against the head of the Huobi crypto exchange and the founder of the TRON blockchain, Justin Sun, and sent a notice to Coinbase officially announcing the regulator’s plans to file a lawsuit against this exchange. The SEC has charged Justin Sun and his three companies...
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FTX Sues The Liquidators of The Bahamian FTX Digital Markets
The bankrupt FTX cryptocurrency exchange has sued the Bahamian company FTX Digital Markets and its liquidators, accusing them of wrongfully claiming the assets of the exchange, The Block reports. FTX managers stated in the lawsuit that the FTX crypto exchange operator, FTX Digital Markets, claims the cryptocurrency and intellectual property of the platform FTX.com ,...
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Signature Bank Sold without the Cryptocurrency Part
The US Federal Deposit Insurance Corporation (FDIC) has sold the business of Signature Bank, with the exception of its cryptocurrency part. Starting March 20, 40 units of Signature Bank will be operated by Flagstar Bank, owned by New York Community Bancorp, the regulator said in a press release. As of the end of 2022, Signature...