Crypto | FinTelegram News

Category: Crypto

September 27, 2023

Questionable Move: Crypto Exchange Binance Transfers Russian Operation To CommEX.

Binance announced an agreement to transfer its entire Russian operations to CommEX, a crypto exchange established as recently as September 26, 2023. The centralized crypto exchange is operated by CommEX Holding Limited, a company incorporated in the Seychelles. However, the terms of CommEX specify Hong Kong as the governing law. However, the important deal also raises questions.

Crypto

September 27, 2023

Impressive: Binance Japan Partners With MUFJ To Leverage Japanese Stablecoin Project!

Mitsubishi UFJ Trust and Banking Corporation (MUFJ), Japan's premier banking group, and Binance Japan, the local subsidiary of the world's leading crypto exchange, have announced a joint venture to issue fiat-pegged stablecoins. This collaboration aims to leverage the "Progmat Coin" platform, spearheaded by Mitsubishi's trust bank, to facilitate the issuance and management of stablecoins pegged to the Japanese Yen on public blockchains.

September 27, 2023

Investment Giant Franklin Templeton Ventures Into Bitcoin ETF Market

Franklin Templeton, a renowned global investment firm with roughly $1.45 trillion worth of assets under management, has recently submitted an application for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This move places Franklin Templeton alongside other financial giants like BlackRock and Fidelity, who are also vying for the establishment of the inaugural Bitcoin ETF.

September 22, 2023

Court Battle: Binance Moved To Dismiss SEC Lawsuit!

Binance, Binance.US, and Changpeng Zhao (CZ) have moved to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC), arguing that the regulator has not convincingly alleged certain securities-related breaches. They further contend that the SEC is attempting to bring digital assets under its supervision, even though U.S. Congress has not clearly defined such a directive. In June, the SEC initiated legal action against the Binance Group.

September 19, 2023

Parents Of Jailed FTX Founder Sued By FTX To Recover Misappropriated Funds!

The ongoing legal battle involving the FTX crypto exchange has taken a new twist as the U.S. Securities and Exchange Commission (SEC) intensifies its investigation. The latest development involves the parents of Sam Bankman-Fried (SBF), the founder of FTX. John Jay Ray III, the corporate turnaround expert overseeing FTX's bankruptcy, has previously accused SBF of "old-fashioned embezzlement." Now, SBF's parents, Stanford law professors Joseph Bankman and Barbara Fried, are sued by FTX.

Crypto

September 15, 2023

Crypto Exchange Huobi Rebrands Into HTX!

The prominent crypto exchange Huobi has embarked on a rebranding journey and is now known as HTX. This transformation marks a significant milestone as the company celebrates a decade of existence in the industry, combining the core values of Huobi, the TRON token, and the essence of crypto exchange. Recently, rumors of financial problems and possible insolvency have plagued Huobi, in addition to regulatory challenges.

Crypto

September 14, 2023

Deutsche Bank Partners With Taurus To Hold Crypto Assets For Clients!

German banking giant Deutsche Bank has forged a global partnership with Taurus SA, a crypto infrastructure company based in Switzerland. The partnership enables Deutsche Bank to provide custody services for institutional clients' cryptocurrencies and tokenized assets, Taurus said in a statement. However, crypto trading is not in the bank's "immediate plans," a spokesperson said.

September 8, 2023

Accused Tornado Cash Developer Roman Storm Pleads Not Guilty!

In a recent court proceeding, Roman Storm, a developer associated with Tornado Cash, entered a plea of "not guilty" in response to allegations of involvement in money transmission without proper licensing, facilitating money laundering, and evading sanctions. The defense emphasizes the intricate nature of the case, centered around utilizing Tornado Cash's cryptocurrency mixer by the widely recognized hacker group from North Korea, Lazarus.

Crypto
SEC

September 6, 2023

SEC Approval Of Crypto ETF May Be Inevitable, Says Former Chair Jay Clayton.

Bitcoin, Ethereum, and other leading cryptocurrencies are gearing up for a potentially significant month. Despite a recent dip in Bitcoin's value, possibly influenced by events in China, other major cryptocurrencies like Ethereum and XRP have also declined, especially after an anticipated market disruptor didn't come to fruition. Former U.S. Securities and Exchange Commission (SEC) chair Jay Clayton has indicated that the approval of a Bitcoin spot exchange-traded fund (ETF) is likely.

September 3, 2023

US Regulator SEC Under Pressure With Its Lawsuits Against U.S. Crypto Firms!

The U.S. SEC has been embroiled in various legal battles with crypto companies to exert its authority over the rapidly evolving digital asset landscape. Notably, Coinbase, the public-listed US crypto platform, and Ripple, a crypto remittance network, have heatedly confronted the SEC. Biden's appointed Chair of the SEC, Gary Gensler has come under pressure recently for his approach against the crypto industry.

September 1, 2023

SEC Postpones Spot Crypto ETF Decisions, Affecting Major Players like BlackRock and Fidelity

On "Bloomberg Markets," Michael Sonnenshein, the CEO of Grayscale Investments, characterized the U.S. appeals court's decision to overturn the U.S. Securities and Exchange Commission's (SEC) block on his company's proposed Bitcoin exchange-traded fund (ETF) as a significant victory. This ruling has reignited optimism for launching the inaugural US crypto ETF. However, the SEC has pushed back its decision deadline until October for all the applications.

August 31, 2023

The Interesting Bankruptcy Case Of The U.S. Crypto Company Prime Trust And The Lessons To Learn!

In a remarkable series of events that underscores the evolving legal challenges of the digital age, crypto firm Prime Trust has found itself facing bankruptcy following an incident involving the loss of access to a crypto wallet containing $38.9 million. This situation has stirred debates and discussions in the crypto industry and again raised questions about the efficient regulatory supervision of crypto companies. Here is a short analysis of the Prime Trust Case.