Day: June 28, 2023

Fidelity Investments on Cusp of Filing Spot Bitcoin ETF with US SEC

Once the investment giant Fidelity files for a spot Bitcoin ETF with the US SEC, it will be the second time following the dismissal of the first one two years ago. The heightened Bitcoin demand by institutional investors has pushed asset investment firms to file for an exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). Already BlackRock Inc (NYSE: BLK), Bitwise, Invesco, and WisdomTree have filed a Bitcoin ETF with the US SEC in order to expose their institutional customers to digital asset classes.  While the…

Federal Judge Denies Pretrial Motions to Dismiss Criminal Charges against SBF Citing Lack of Merits

SBF will have to issue arguments beyond doubt to the judge and jury why he is not guilty of the charges levied against him. Former FTX boss Sam Bankman-Fried alias SBF who squandered over $8.7 billion of customers’ digital assets with risky bets continues to fight for his innocence in a  New York federal court of law. In the latest updates, SBF has been denied all the requests to have the criminal charges filed against him dismissed before the trial session in early October this year. According to the SBF…

Latin American Crypto Services Firm Ripio Receives License to Launch Exchange in Spain

The Argentinian crypto company’s license from Spanish authorities allows Ripio to add Spain to a growing list of countries where it operates. Ripio has obtained a license to operate as a digital asset exchange in Spain. According to an official announcement, the company now has approval to provide crypto exchange services and digital wallets to interested customers. Ripio CEO Sebastian Serrano said in a tweet that the approval is a result of hard work from the team. With the license, Ripio has joined a few crypto companies officially greenlit to provide crypto…

More institutions will soon embrace bitcoin, report says

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto industry has witnessed a massive bear storm over the past 18 months as high inflation threats finances. Despite the red market conditions, a recent report by CryptoQuant suggests that Bitcoin’s (BTC) institutional adoption is on the rise. For instance, top fintech companies have accumulated significant BTC amounts over the past three years. According to the report, Microstrategy’s bitcoin purchases are worth almost $4 billion, while the BTC price is still down by 55% from…

‘End the Extortion:’ BlockFi Creditors File to Liquidate Estate

“It is time to end all of this,” the creditors’ filing said, adding that, unlike other cases of alleged crypto wrongdoing, such as Sam Bankman-Fried’s FTX, “BlockFi customers do not yet know their story, and this is facilitating case mischief … It is time for the Court to order an end to the burn and, thereby, end the extortion tactics.” Source

Sony Network invests in Japanese Web3 startup to spur mass adoption

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Sony continues to make its mark in the emerging technologies space with its recent announcement of a new investment in building a global infrastructure to support Web3.  On June 28, Sony Network Communications — a subsidiary of Sony — and Japanese Web3 infrastructure tech company Startale Labs revealed a new business collaboration and a $3.5 million investment to build a foundation for the widespread adoption of Web3. The partnership will push Startale’s development of Web3 services and products, including its mission to create all-in-one solutions for Web3 development and focus…

Sony Network Communications Invests $3.5M in Singapore Web3 Company Startale Labs to Explore Blockchain Technology Solutions

“I am excited to strengthen further our collaboration with Startale Labs, a company with advanced Web3 technologies and expertise. We have already been cooperating with Startale Labs by jointly hosting incubation programs, aiming to promote the development of Web3,” Jun Watanabe, President and Executive Officer of Sony Network Communications, said in a statement. Source link