NYSE, Nasdaq withdraw 3 more requests for crypto ETF options rule changes
Activity keeps heating up around Bitcoin and Ether ETF options.
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India: Leaked Draft Bill Would Ban All Crypto Except ‘Digital Rupee’
Draft legislation that would allegedly impose a ban on the use of cryptocurrencies in India is being circulated by local blockchain legal experts on social media.An unverified document published to Scribd by tech lawyer Varun Sethi on July 15 appears to reveal a draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies.”…
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Finance Redefined: Hacker bungles DeFi exploit, dYdx’s decentralization goals, and more
The decentralized finance (DeFi) ecosystem was filled with ups and downs —mostly the latter— this week, with two very distinct hack attempts and a heartbreaking departure of a DeFi veteran. In this week’s newsletter, we will also look at derivative exchange dYdX’s plans to go fully decentralized by the end of the year. The price momentum…
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KuCoin pleads guilty to US charges, agrees to pay $300M
KuCoin has admitted to operating an unlicensed money-transmitting business and will pay nearly $300 million in fines and forfeiture.
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Crypto Unicorns founder: P2E gaming is in a long ‘maturation phase’
As the hype surrounding play-to-earn (P2E) games and platforms began to dwindle in early 2022, Web3 participants began to emphasize the need for games to be more “fun” and less finance-oriented. In the most recent episode of NFT Steez, Alyssa Expósito and Ray Salmond speak with Aron Beierschmitt, the CEO of Laguna Games and founder of Crypto…
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Crypto collapses generate hundreds of millions of dollars for lawyers
The legal industry has emerged as a major winner amid cryptocurrency collapses like FTX and Celsius, generating hundreds of millions of dollars for lawyers.Lawyers, accountants, consultants, analysts and other professionals have collected at least $700 million in fees from the bankruptcies of major crypto firms over the past year, according to a report and an
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Hong Kong Institute of Bankers Onboards Six Virtual Banks as Members
The Hong Kong Institute of Bankers (HKIB) has onboarded six virtual banks as corporate members, according to a Jan. 2 press release.The HKIB is a non-profit institution that provides training and certification to the banking organizations in Hong Kong. The last banks joining the HKIB are Airstar Bank Limited, Fusion Bank Limited, Livi VB Limited,…
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Tesla reports $600M Bitcoin gain in Q4 using new accounting rule
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024.
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DOGE surges as Elon Musk says he’s working with devs to ‘improve efficiency’
Musk’s latest tweet resulted in a 26% surge in the price of DOGE, while Coinbase is set to list the coin in six to eight weeks. 4112 Total views 25 Total shares Elon Musk’s latest foray into crypto markets came a few hours ago when he tweeted he is working with the DOGE developers to improve the…