The U.S. is at a “turning point” in crypto, and about to become “THE decisive leader” in nurturing the technology, Jeremy Allaire, CEO of stablecoin issuer Circle, wrote in an X post on Friday. Allaire said that several people “complain” that the U.S. government is hostile to the cryptocurrency industry. …
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Binance Unit Tokocrypto Is Third Crypto Exchange to Score Full License in Indonesia
by Amitoj Singhby Amitoj SinghBinance’s Indonesia subsidiary has won a full license from the nation’s Commodity Futures Trading Regulatory Agency. More than 30 crypto exchanges have applied for a full license. Binance subsidiary Tokocrypto, an Indonesian cryptocurrency exchange, has obtained a full license as a Physical Crypto Asset Trader (PFAK) from the country’s Commodity …
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The prospects of Ripple Labs filing for an initial public offering have been discussed at large throughout the past couple of years. Brad Garlinghouse, the company’s chief executive officer, spoke today at a fireside chat at Korea Blockchain Week, which is currently held in Seoul. Ripple IPO in the US? …
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A US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange, Bloomberg News reported Aug. 23. The decision comes after Kraken requested a dismissal of the case filed by the SEC in …
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NEW YORK — Binance CEO Richard Teng urged the Nigerian government to release Tigran Gambaryan, an American employee of the world’s largest crypto exchange who has been detained in Nigeria since February. “Tigran has been unjustly held for close to half a year now,” Teng told CoinDesk during a Wednesday …
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NEW YORK — Richard Teng ascended to the top of cryptocurrency behemoth Binance last year via less-than-ideal circumstances as his predecessor, Changpeng “CZ” Zhao, was forced to quit the exchange as part of a multi-billion-dollar settlement with the U.S. government. But on the plus side, he inherited a CEO job …
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Animoca founder says NFTs ‘fighting for attention’ with memecoins but have staying power
by Danny Parkby Danny ParkYat Siu, chairman of Hong Kong’s Web3 venture capital Animoca Brands, said that non-fungible tokens are currently “fighting for attention with memecoins” but their “non-fungible” nature will have enduring relevance. While Animoca has been a long-term investor in NFTs, the entire market is struggling to emulate its peak numbers in …
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July’s Crypto Mining Highlights: Russia’s New Law, Iris Energy’s Funding, and More
by Lynn Wangby Lynn WangFrom Russia’s implementation of stringent regulations to key investments in mining infrastructure, these series of events showcase the sector’s swift evolution. Crypto Mining Gets Legal Framework in Russia Russia’s State Duma passed a law in late July to regulate crypto mining and digital asset circulation. The legislation targets large-scale operations …
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The long-awaited conclusion to the settlements phase of the trial passed with a much smaller fine than the SEC had requested. U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) decided on a sum just a little over $125 million— instead of the $2 billion …
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Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor
by Aoyon Ashrafby Aoyon AshrafIonic Digital, the bitcoin miner that bought bankrupt crypto lender Celsius’ mining assets, has delayed a plan to go public after losing its CEO and auditor. Former CEO Matt Prusak told the company in July he won’t stay on after the end of his employment term on Aug. 14, the …