DCG and Gemini Drag their Dispute, Coinbase Draws Lobbyists’ Support and More Regulation Headlines
The US digital assets industry delivered more legal developments this week in the separate disputes involving Coinbase, Ripple Labs and Gemini exchange. Here are the details: US SEC is conceiving an appeal to the court’s decision in the Ripple Labs…
Binance Seeks AML Compliance in Taiwan Amid Exits from European Markets
Binance is applying to become compliant with Taiwan’s anti-money laundering (AML) rules; a local media reported this week citing sources familiar with the developments. The leading crypto exchange intends to register under the East Asian country’s Money Laundering Control Act,…
Post Vyper Exploit – Binance Labs Makes $5M Investment to Curve as Aave Seeks to Reshape Exposure to CRV
Popular stablecoin-focused decentralized exchange (DEX) Curve Finance made headlines last month after it suffered a $73.5M drain on some of its pools at the end of July through a series of attacks exploiting a smart contract programming vulnerability. The incident…
PancakeSwap Expands to Arbitrum One in Continued Pursuit of Multichain DeFi Vision
PancakeSwap is now available on Arbitrum One after confirming its expansion to the Ethereum Layer 2 on Wednesday as part of its goal to launch on several chains . PancakeSwap deploys on sixth chain The decentralized exchange (DEX) protocol said…
DeLabs’ y00ts Plans Migration to Ethereum, Just Months After Landing on Polygon
Formerly a Solana-native project, the generative NFT art collection y00ts earlier this year received a $3 million non-equity grant from Polygon’s partnership fund to help it migrate into its ecosystem. The Los Angeles-based startup DeLabs (creators of y00ts) said it…
Miners’ Q2 Report Cards – Bitdeer, CleanSpark, Marathon Digital, Riot Platforms and more
More publicly-traded companies have continued reporting their second-quarter financial results this week. Here is a recap of the latest quarterly earnings reports from crypto mining firms and other developments in the mining industry: CleanSpark saw a remarkable third quarter in…
Bitstamp to Suspend Trading of Major Crypto Tokens in the US
In a Tuesday announcement, Bitstamp exchange communicated to its US-based customers plans to cease the trading of several major altcoins on its platform. The permanent suspension set to come into effect on Aug 29 will affect more than half a…
Aptos Labs Inks Partnership Exploring Innovative Solutions with Microsoft
Multinational tech corporation Microsoft today announced a partnership with Aptos Labs, the development team behind scalability-focused independent layer 1 platform Aptos. The strategic collaboration will explore various shared areas of interests including virtual central bank-backed currencies (CBDCs), digital payments and…
Revolut to Phase Out US Operations, Cites Regulatory Uncertainty
Renowned neobank and fintech company Revolut today communicated to its US-based customers that it will be suspending their access to its crypto services. In a statement, the UK-based digital bank said its decision to suspend operations was compelled by the…
Q2 Earnings Wrap – Coinbase, Block, MicroStrategy and Robinhood Post Mixed Results
This week, crypto companies including Block, MicroStrategy, Robinhood and Coinbase shared their quarterly financial results for the three-month period ending on Jun 30. Here is a recap of their respective Q2 report cards: Coinbase delivers lackluster Q2 results, transaction revenue…
HashKey Wins Exchange License to Offer Crypto Retail Trading in Hong Kong
Hong-Kong based digital asset firm HashKey has today launched a crypto over-the-counter (OTC) trading service, HashKey Brokerage, after being awarded an exchange license to offer crypto trading at a retail level by the city state’s regulator, the exchange firm said…
Big Money Pivots to Ether Futures, More Than Half a Dozen Firms Submit ETF Applications
Following the hype that came after investment management giant BlackRock filed with the SEC to debut a spot Bitcoin ETF in mid-June, Ethereum futures exchange-traded funds (ETFs) have recently seen similarly broad interest. Several asset managers have in recent days…
Binance Accused of Maintaining Presence in China Despite Domestic Ban on Crypto
Following an earlier ban on initial coin offerings (ICOs) in 2017, China’s central bank tightened its clampdown on digital assets by declaring crypto-related activities illegal and enforcing a blanket ban on crypto operations in 2021. Internal records on milestones as recent…
Nomura’s Laser Digital Secures VASP License to Operate in Dubai
Japanese financial services group Nomura is set to launch a trading and asset management businesses in Dubai through its subsidiary Laser Digital FZE which received a green light from the emirate’s Virtual Asset Regulatory Authority (VARA) on Tuesday. The subsidiary…
COMP and AAVE in Red as BTC Loses Support at $29K, Tainting ‘Green’ July Record
Bitcoin price fell sharply late Monday after an early quiet market display, confirming a somewhat-expected red monthly close. Bitcoin and Ether still subdued heading into new month The flagship cryptocurrency printed three successive red candles on the BTC/USD 1-hr chart…
