Singapore Bans 3AC Founders From Financial Management for 9 Years.
Singaporean financial authority MAS issued the ban, effective immediately. Following the collapse of Three Arrows Capital, co-founders Zhu Su and Kyle Davies dropped off the map. Since then, they’ve occasionally…
Russia Prepares to Legalize Decentralized Financial Organizations.
Is Russia Paving the Way to DeFi DAOs Friendliness in Evolving Legal Systems?Russia is working on ways to legalize and regulate decentralized financial organizations, popularly known as DAOs, to bring…
Solana (SOL) Shows Signs of Recovery Amid FTX Liquidation Chaos.
Solana trading volume saw a 44% spike in the past 24H.FTX approved to sell $3.4B crypto assets in bankruptcy proceedings.One of the major topics of discussion in the crypto world…
Hong Kong Monetary Authority Forges Key Partnerships for CBDC Pilot.
Since all trades are settled on the balance sheet of the central bank, credit risk is eliminated. The novel arrangement will encourage creativity, rivalry, and improved service delivery.In an effort…
FTX Secures Court Approval for $3.4B Asset Liquidation Plan.
U.S. Bankruptcy Judge Dorsey approves FTX’s crypto asset liquidation, which holds $3.4 billion.FTX has received permission to sell up to $100 million in cryptocurrency per week.Bankrupt cryptocurrency exchange FTX has…
Crypto Market Reacts Positively on U.S Inflation Rising by 3.7%.
Bitcoin price managed to rise all the way till $26,300.The CPI data will impact the Fed’s decision to raise interest rates in the future.U.S. inflation reached 3.7% annually in August,…
Crypto Exchange Huobi Rebrands as ‘HTX’ on 10th Anniversary.
Huobi has already updated their social media profiles to reflect the change.Social media users were quick to point out the similarities to FTX.In a contentious marketing effort for its 10th…
HSBC Reportedly Collaborates With Crypto Custody Firm Fireblocks
Fireblocks has been BNY Mellon and BNP Paribas’ preferred custody technology vendor. Regulatory ambiguity around cryptos has reduced major banks’ excitement for the sector. Two sources acquainted with the situation…
SEC Chair Gary Gensler Still on Crypto Warpath, Harnessing AI for Surveillance.
Security and Exchange Commission chair Gary Gensler is still on the crypto warpath, reiterating his stance in a recent statement to the Banking Committee.Things have settled down a little since…
Binance: US CEO Quits Amid Another Round of Job.
Binance’s CEO – CZ – recently dismissed all the negative rumors and news about the entity. President and CEO of Binance.US, Brian Shroder, has exited the cryptocurrency exchange as the…