SEC sues Cumberland DRW for unregistered crypto dealer activities
Cumberland allegedly had $2 billion worth of unregistered crypto dealing since 2018.
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Financial Service Giant BNY Mellon Appoints New Head of Blockchain
New York-based global investments company, Bank of New York Mellon (BNY Mellon), has named Subhankar Sinha as the company’s Head of Blockchain, according to a May 13 press release.Sinha’s role in the corporation will be to work on creating and furthering partnerships with startups, accelerators and other businesses in the blockchain field.Sinha previously worked as…
Binance’s CZ says Buterin ‘proved me wrong’ and DeFi full of bubbles
Decentralized finance is in full swing, and one of its biggest supporters appears to be the exchange Binance. The platform's United States branch recently joined the Chicago DeFi Alliance, with the aim to further develop the U.S. DeFi industry. Additionally, Binance's support for new DeFi projects continues to grow. Most recently, the exchange has demonstrated…
Chinese police bust $1.9B USDT underground banking racket
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.
China’s Internet Finance Association Says Blockchain Is Maturing
A recent survey by China’s National Internet Finance Association of China (NIFA) has found that blockchain technology is gaining a solid footing.On April 14, Chinese local news platform Sina reported the results of the latest blockchain survey conducted by the National Internet Finance Association of China (NIFA). The “China Blockchain Finance Application and Development Research Report”…
Kyrgyzstan’s central bank developing draft law for cryptocurrency industry
Solid crypto regulations would be a long time coming for Kyrgyzstan. 1138 Total views 21 Total shares The central bank for the Central Asian country of Kyrgyzstan is working on a draft law to regulate the cryptocurrency industry in the country.According to an announcement on Nov. 13, the National Bank of the Kyrgyz Republic is…
Blockchain Association seeks info from Fed, FDIC and OCC on ‘de-banking’ crypto firms
The association submitted Freedom of Information Act requests as part of an investigation into how regulators’ actions “improperly contributed” to the collapse of three banks. 428 Total views 6 Total shares Own this piece of history Collect this article as an NFTThe United States-based crypto advocacy group Blockchain Association called on financial regulators to provide…
Blockchain Supply Chain Platform Gains Metals Giant Glencore as Member
British-Swiss commodity trading and mining company Glencore will use an IBM-developed blockchain solution to track cobalt. In a press release issued on Dec. 12, Glencore confirmed it had joined the Responsible Sourcing Blockchain Network (RSBN), a joint partnership between various major corporations leveraging the technology to improve supply chain transparency. Glencore: blockchain aids good practiceRSBN is the…
Kava launches Hard V2 to become first full lending protocol in the Cosmos ecosystem
Shortly after the launch of Stargate, Cosmos ecosystem chains are entering the DeFi arena. 1633 Total views 12 Total shares Kava, a DeFi-centric blockchain project built on the Cosmos SDK, has announced the concurrent release of Kava 5.1 and Hard Protocol V2, which marks the full launch of two-sided lending markets on the Kava blockchain.The…