The SEC has postponed its ruling on NYSE’s proposed Bitcoin ETF, causing a surprise delay. This decision may negatively impact businesses offering Bitcoin trading options, potentially hindering their ability to trade on widely used Bitcoin investment vehicles such as the Bitwise Bitcoin ETF and Grayscale Bitcoin Trust. The SEC has announced that it will carefully … Read more
According to Benzinga’s news article, the cryptocurrency project backed by former President Donald Trump has hit a roadblock. At first, Trump’s involvement in the crypto world brought him profits, but later market fluctuations caused his investments to plummet dramatically. In his initial year of involvement with cryptocurrency, the business tycoon saw significant income from royalties … Read more
At Evolve Bank and Trust, authorities discovered and confiscated large sums of money – approximating to millions of dollars – linked to deceptive practices like crypto frauds and pig-butchering schemes. This information came to light through a loss complaint filed in January and subsequently examined by Fintech Business Weekly. The complaint claims that entities including … Read more
A Nigerian court has granted permission to keep Tigran Gambaryan, CEO of Binance, at a notorious detention center following accusations of money laundering against him. (Reported in recent news) Gambaryan, detained for nearly two months, would face charges on April 8th. The allegations involved concealing $35.4 million in illegal Nigerian earnings from Binance and a … Read more
Central securities depository Clearstream, which is part of Deutsche Börse Group, will take part in the European Central Bank (ECB’s) experiments for a digital euro, also known as wholesale central bank digital currency (CBDC). Clearstream, which manages the D7 post-trade platform, is currently the only central securities depository (CSD) participating in the ECB’s early-stage preparation … Read more