Category Archive: Cryptocurrency, No picture
FTX Navigates Dispute with Genesis, Proposes $176M Settlement
FTX Trading and its CEO, John J. Ray III, is making formal moves to end a dispute with Genesis entities. Based on newly-released legal documents, the exchange is actively seeking a settlement worth approximately $176 million over customer claims against both the exchange and its affiliates: “The Genesis Entities have asserted significant claims against the […]
Avalanche Foundation Grants Dexalot up to $3M Incentive
Dexalot, the decentralized exchange with a unique central limit order book (CLOB) feature, has recently come under the spotlight as it secures a substantial incentive from the Avalanche Foundation. The foundation will provide up to $3 million in AVAX, drawn from its comprehensive Multiverse program. Subnet Season is in full swing!@Dexalot is the newest recipient […]
Digital Finance Overhaul: Republic’s Wallet Sets New Standard
Republic, digital finance company based in New York, has announced the launch of the Republic Wallet. This integrated digital wallet promises to reshape the investment landscape for its global community, according to an August 17 announcement. 👋 Meet Republic Wallet 🌐🔐 Today, we’re excited to unveil the ultimate tool for you to manage your digital […]
PayPal’s PYUSD Stablecoin to be Integrated in Bybit’s Spot Trading
Bybit, a major cryptocurrency exchange, has recently revealed its plans to welcome PayPal’s PYUSD stablecoin to its Spot trading platform, with the official date to be announced later. This aligns with a broader shift observed in the digital financial landscape, especially considering PayPal’s recent concerted efforts to strengthen its cryptocurrency profile with PYUSD, following PayPal’s […]
Valkyrie Seeks SEC Approval for Ether Futures ETF
Asset management giant Valkyrie has filed an application with the SEC for an Ether futures exchange-traded fund, according to an August 16 filing. This announcement follows Valkyrie’s previous endeavors of filing for a spot Bitcoin ETF. Valkyrie just filed for an Ether Futures ETF, which is in addition to their 497 filing to do name/strategy […]
Coinbase Steps Up, Securing Approval for Listing US Crypto Futures Trading
Coinbase, the leading cryptocurrency exchange has secured regulatory approval from the National Futures Association (NFA) to function as a Futures Commission Merchant (FCM), according to a press release. This means that eligible US customers can soon anticipate access to crypto futures directly through Coinbase’s established platforms. The National Futures Association, a CFTC designated SRO, has […]
Coinbase-Backed Base Network Faces Major Setbacks of Hefty Losses
The cryptocurrency community has once again been rocked by security breaches as two top-tier crypto projects, RocketSwap and SwirlLend, on Coinbase’s acclaimed Base layer2 network, report severe financial hits. SwirlLend, a lending platform that seamlessly runs on both the Linea and Base systems, reportedly saw its funds diminish from $784,000 to $49,200 across dual blockchains. […]
SEC v. Ripple Proceedings Welcomes Sidley Austin LLP Representative
The ongoing courtroom battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) sees a new development as Judge Analisa Torres approves Andrew A. Kunsak from Sidley Austin LLP. He will now serve as an investment banker declarant, bringing in a new perspective to the legal proceedings, according to an August 16 court […]
Arbitrum One Gets Upgrade with AllianceBlock Launch on Nexera Exchange
AllianceBlock, an established infrastructure provider for decentralized tokenized markets, has rolled out its newest product, Nexera Exchange. This launch incorporates an advanced on-chain order book protocol on Arbitrum One, signaling the company’s intent to reshape and deepen the liquidity dynamics in the world of decentralized exchanges. 💥 New Product Release! Introducing AllianceBlocks Nexera Exchange: a […]
Europe’s First Spot BTC ETF Launches on Euronext Amsterdam
Hitting two birds with one stone, Jacobi Asset Management has launched Europe’s first spot Bitcoin ETF on the Euronext Amsterdam. Distinctly, this product is Euronext’s first digital asset fund to be in line with SFDR Article 8, all while emphasizing its commitment to a decarbonization strategy: “Jacobi has implemented a verifiable built-in Renewable Energy Certificate […]
