Coinbase CEO Brian Armstrong says the U.S. Commodity Futures Trading Commission (CFTC) shouldn’t be issuing warnings against decentralized finance (DeFi) protocols. Last week, the CFTC announced that it charged DeFi protocols ZeroEx, Opyn and Deridex for offering illegal derivatives trading. The regulator says it also ordered the three firms to pay monetary penalties and to […]
Сrypto scam investigation reveals human trafficking in Cambodia
Investigating crypto scams around Tether’s stablecoin, journalist Zeke Faux uncovers a large human trafficking ring in Cambodia. Crypto scams and exchange hacks are becoming almost a regular occurrence in the digital assets space. But a recent revelation from Bloomberg’s investigative…
SEC reverses decision on sealing, redacting some documents in Binance.US case
The documents filed Aug. 28 may be seen by the public in a week. They are not all the sealed documents in the case, however.
Citi Makes History as First Digital Custodian for BondbloX Blockchain Bond Exchange
Citi Securities Services recently hit a groundbreaking milestone by becoming the first digital custodian participant of the BondbloX Bond Exchange network. The partnership, announced via a press statement on Sept. 14, will enable Citi to make bond trading more accessible to a larger part of the investor community. Citi’s Love Affair with Bondblox Launched in […]
Ripple v SEC Lawsuit Consequence? XRP High Up Yet Another List
The case between Ripple and the United States Securities and Exchange Commission has surely done a lot of damage to the company and its cryptocurrency – XRP. In fact, a lawyer who represents tens of thousands of XRP holders recently took it to X to outline the damage that the lawsuit has caused the company. […]
Holesky Testnet Takes Flight On Merge Anniversary Amidst Ethereum 30-Day Slump
One year has passed since the Ethereum (ETH) Merge, which marked the integration of Ethereum’s proof-of-stake (PoS) Beacon Chain with the Ethereum Mainnet. This significant milestone facilitated the transition of the Ethereum blockchain from the legacy proof-of-work (PoW) system to a PoS model, giving rise to Ethereum 2.0. The completion of the Merge on September […]
Hong Kong regulator warns on crypto firms mislabeled as ‘banks’
The Hong Kong Monetary Authority has cautioned the public against crypto firms that describe themselves as banks or offer products termed as deposits. On Sept. 15, the Hong Kong Monetary Authority (HKMA) issued a public statement expressing concern over crypto…
Google Gemini Poised to Take On AI Titans OpenAI and Microsoft
Google has reportedly started testing its most advanced AI model to date, Gemini, which it says has impressive multimodal capabilities.
Coinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance Redefined
Coinbase’s CEO has become the latest ally of the DeFi space, calling for apt regulations of the ecosystem rather than enforcement action by regulatory bodies.
Nvidia AI partner Databricks raises $500M to achieve $43B valuation
Capital One also joined the investment round, despite being the top client of rival cloud platform Snowflake.