During the Point Zero Forum banking conference held in Zurich yesterday, the upcoming launch of a Swiss CHF-based CBDC was announced by Thomas Jordan, the chairman of the Swiss Nation Bank (SNB). Although no exact date has been put forth by the bank, the chairman of the SNB announced that the CBDC would be released […]
District Court Judge Rejects Binance.US Complaints Over SEC Statement
A U.S. judge has rejected an attempt by Binance.US, the American subsidiary of crypto exchange Binance, to sue the U.S. Securities and Exchanges Commission (SEC) over its press release that equivocates defendants’ customers. It is unnecessary or inappropriate for the Court to “get involved in wordsmithing the parties’ press releases,” the District Court Judge stated. […]
HSBC Hong Kong Introduces Crypto Futures ETFs
Bitcoin and Ethereum ETFs are now accessible to Hong Kong customers via the Hong Kong Exchange (HKEX). Hongkong and Shanghai Banking Corporation (HSBC) has reportedly added three new exchange-traded products to its listing, including CSOP Bitcoin Futures ETF, Samsung Bitcoin Futures Active ETF, and Ether Futures ETF. These offerings are officially available on the Hong […]
Uniswap Bullish But Struggles With Resistance, Potential For More Gains?
Despite the losses incurred earlier this month, the price of Uniswap (UNI) has managed to recover. However, it has struggled to break through a significant resistance level, causing it to remain stagnant. Despite this, the technical analysis of UNI shows bullish signals, with notable buying strength and a significant increase in both demand and accumulation. […]
SOL unable to clear $17 hurdle – what’s next?
SOL could stay below $17 for a while unless BTC inflicts a second leg of its rally above $31k. Here are potential opportunity areas to consider.
Nevada asks for Prime Trust to be put in receivership, reports $82M deficit
Regulators in Nevada filed a court petition to place Prime Trust LLC in receivership, according to an official press release on June 27. The Nevada Financial Institutions Division (NFID) said that it had asked courts to appoint a receiver to take control of Prime Trust’s daily operations. After examining the company, the receiver could return […]
Nevada regulator petitions for receivership of Prime Trust
The Nevada Financial Institutions Division has recently lodged a petition for receivership for Prime Trust citing operational instability and insolvency.
Nevada financial regulator petitions court to place Prime Trust into receivership
The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto.
Circle targets Asian market in business expansion
Circle is set to focus its expansion efforts on the Asian market, particularly monitoring regulatory developments in Hong Kong.
Bank of England Says ‘Britcoin’ CBDC Might Not Be on a Blockchain
The English Central Bank is looking at a plethora of options for a CBDC it has yet to determine is viable.