Russia’s nickel and palladium miner Nornickel, through its digital arm GPF Investments, has launched a new type of digital financial asset (DFA) on the Atomyze blockchain platform. This financial product encompasses a diverse basket of metals, including gold, palladium, platinum, copper, and nickel, the miner said in its press release. Based in the resource-rich Arctic...
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The Bank of Israel says it’s preparing an action plan for the potential issuance of a central bank digital currency, though a formal decision has yet to be made. On April 17, the Bank of Israel Steering Committee on the Potential Issuance of a Digital Shekel outlined possible scenarios for the development and deployment of...
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...
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...
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,...
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...
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...
On March 21, the Fear and Greed index in the cryptocurrency market reached 68 points for the first time in 16 months. The last time the indicator exceeded this value was on November 16, 2021, after Bitcoin set an all-time high at $69,000. On that day, the index was at around 71 points. The Fear...
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 ,...
