The Commodities Futures Trading Commission (CFTC) has voted to propose a rule aimed at protecting customers making trades through a derivatives clearing organization. Tagged the “Protection of clearing member funds held by derivatives clearing organizations,” the rule would require DCOs, which are…
JP Morgan says Ethereum may outperform Bitcoin and other altcoins come 2024 because of the upcoming EIP-4844 upgrade next year. The upgrade will involve Protodanksharding, an initial step toward the full implementation of Danksharding, a more efficient form of sharding for Ethereum. …
In an advanced communication, a Japanese Web3-based platform, Line Next, generated $140 million in a funding round led by Crescendo Equity Partners. The multi-million investment was ranked among the largest capital raised by an Asian blockchain company. In the report, the Line…
Regulated DeFi platform Swarm has launched its permissionless platform for trading tokenized real-world assets, known as “Open dOTC”. The Berlin-based BaFIN regulated DeFi company launched the platform as a public good. Built on the Ethereum blockchain, Open dOTC uses decentralized over-the-counter (dOTC)…
Binance has kicked back against the securities and exchange commission (SEC) concerning its lawsuit which was filed against the exchange in June. The exchange and its founder Changpeng Zhao specifically challenged the “investment contracts” aspect of the lawsuit, demanding that the commission…
As the investors lament the loss of substantial funds in crypto investment, Massachusetts senator Elizabeth Warren has stepped up her game to intensify anti-crypto movements. For years, Senator Warren has remained at the forefront of safeguarding the crypto and finance industry from…
The rise of hacking activities linked to North Korean illicit groups has attracted the attention of global regulators to safeguard crypto investors from losses. In an advanced report, the national security officials from South Korean, the United States, and Japan held a…
The desire to become the burgeoning Bitcoin hub in Central America has inspired El Salvador to explore ways to attract more foreign investment. In a December 7 update, the Salvadorian authority launched an “Adopting El Salvador Freedom Visa Program” to invite forward-thinking…
`The CEO of Grayscale Michael Sonnenshein has expressed optimism concerning the approval of a Bitcoin ETF following his interaction with the securities and exchange commission (SEC) on the matter.` The crypto community has been looking forward to a Bitcoin ETF approval, part…
In an official communication, the prominent Bitcoin-oriented marketplace Babylon generated $18 million in a Series A funding round. The successful fundraising was led by the leading investment company in San Francisco, Polychain Capital, in collaboration with Hack VC. Other participants included in…
A Democrat lawmaker and known crypto critic Maxine Waters has called for a session with the securities and exchange commission (SEC) for a group of lawmakers to take a closer look into crypto. Waters recommended the session with a view to seeing…
In an advanced communication, the largest digital bank by market value in Brazil, Nubank, sealed a partnership agreement with the prominent trading platform for institutional clients Talos. The two partners agreed to evaluate practical ways to reduce the cost of trading digital…
As the Israeli and Hamas conflict intensifies, the militant has embarked on a journey to explore effective mechanisms to suppress Palestinian activities. In an advanced communication, the Israeli Defense Force (IDF) revealed plans to launch AI-powered tools to support the military to…
A pro crypto member of congress, Rep Tom Emmer has fired back at the Treasury department for requesting more power over the crypto industry. The Republican lawmaker who sits on the House Financial Services Committee, criticized the U.S. Treasury Department for having…
In a recent publication, Australia’s Department of the Treasury revealed plans to levy new codes and business standards to address financial crime. The regulatory agencies formulated a consultation paper detailing the new approach for mitigating consumer and business scams. The report mirrors…
In advanced communication, the famous messaging protocol Wormhole raised approximately $225 million from a funding round led by the European investment company Brevan Howard. Other participants in the successful fundraising included Coinbase Ventures, ParaFi, Arrington Capital, Borderless Capital, and Jump Trading. The…
The U.S Treasury has requested the U.S congress has requested more authority to crack down on the crypto industry. The department sent recommendations to lawmakers, including the need for new sanction tools prepared remarks from Deputy Treasury Secretary Wally Adeyemo showed. “We…
In a November 28 update, the renowned Multi-party computation (MPC) wallet provider Fireblocks was debuting a new trading system, Off Exchange, for institutional clients. The Fireblocks team confirmed that the new trading platform will leverage emerging technologies to allow institutional customers to…
In the recent turn of events, the world’s largest crypto exchange by daily trading volume, Binance, has battled a series of legal charges due to non-compliance. The legal peril facing Binance and the recent multi-million settlement with the US regulatory agencies has…
In an advance communication, the prominent stablecoin issuer Circle sealed a partnership agreement with the Japan-based financial institution SBI Holdings to push for mainstream crypto adoption. The two partners agreed to combine forces to increase USDC and Web3 services adoption in Japan….
