Sam Bankman-Fried files appeal for felony conviction

The firm first announced its intention to launch a private fund for accredited investors tracking the Nasdaq Crypto Index in June. 488 Total views 19 Total shares Investment firm Victory Capital Management has filed an application with the U.S. Securities and Exchange Commission for a cryptocurrency exchange-traded fund.In a Form S-1 registration filed Tuesday with…

The Seoul Metropolitan Government has launched the Seoul Blockchain Governance Team to explore the benefits of blockchain in administrative services, Yonhap News reports Jan. 31.According to the report, the members of the team are researching the potential of blockchain applications in various government services, including online voting system.Specifically, the working group intends to address systems…

The document does not announce any restrictive measures, but it will undoubtedly lay the groundwork for a more focused federal oversight. 1329 Total views 14 Total shares Later today, U.S. President Joe Biden will sign a long-anticipated executive order on digital assets. Despite fears that the order may resound a regulatory clampdown on the industry,…

On April 3, the United States Securities and Exchange Commission (SEC) has issued a no-action letter to TurnKey Jet, confirming that the TKJ tokens issued during the startup’s initial coin offering (ICO) are not securities.In the letter, the regulator specifies that it considered that the platform will be fully developed and operational at the time…

The fundamental traits of blockchain technology, including decentralization, immutability, transparency and automation, have proven to be capable of several use cases for different businesses. However, due to the costs of creating and maintaining blockchain-powered applications, it can be difficult and expensive for enterprises to fully utilize its benefits.With the adoption of distributed ledgers, many projects…

Strong revenues over the past two quarters from a large user base helped the exchange amass the funds. 621 Total views 6 Total shares Coinbase, the largest American cryptocurrency exchange, has stockpiled a war chest worth about $4 billion in cash in preparation for decreased crypto retail trading volumes and higher operating costs brought on…

Bitcoin on-chain analysis is showing more short-term holders registering losses, and they are statistically more likely to sell according to Glassnode. 679 Total views 5 Total shares Blockchain analytics provider Glassnode has depicted a bearish scenario for Bitcoin as on-chain metrics suggest increased selling pressure is imminent.In its weekly analytics report on Feb. 21, on-chain…

After being exploited for $4.3 million in May, Alex Lab reveals they have since found “substantial transaction evidence” pointing the attack to North Korea’s Lazarus Group.

2020 was the most important year for the crypto derivatives market so far. Both Bitcoin (BTC) and Ether (ETH) derivatives steadily grew throughout the year, with their futures and options products available across exchanges such as the Chicago Mercantile Exchange, OKEx, Deribit and Binance. On Dec. 31, Bitcoin options open interest reached an all-time high of…