Rep. Torres (D-N.Y.) requested investigations into the SEC granting a special purpose broker-dealer (SPBD) licence to Prometheum, “a trading digital assets platform that does not trade digital assets,” under unusual circumstances, and for its failure to create a rigorous but workable process for registering real-world digital assets platforms. Source
XRP’s knocked out BNB as the 4th largest crypto by market cap, after its value surged more than 60% after a partial victory against the SEC. Source
Mashinsky will be restricted from traveling and cannot open new bank or crypto accounts under the deal. His wife will sign the bond, while the other co-signee has not yet been identified, court documents revealed. The bond will also be secured by a financial claim on his New York City home and bank account. Source
Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees. The ETF — Monochrome Bitcoin ETF (IBTC) will be able to offer retail Australian investors direct exposure to Bitcoin (BTC) and Ethereum (ETH), according to the firm’s July 14 announcement. Australia joins the #Bitcoin race.#spot #bitcoinetf @MonochromeAsset https://t.co/hqXb9RY5HL pic.twitter.com/KEEXHQ9Eo6 — Jeff (@jeffyew_) July 13, 2023 Speaking to Cointelegraph, Monochrome CEO Jeff Yew explained that by obtaining a license, Australian…
Wallet, a bot within Telegram that lets users transact with crypto like bitcoin (BTC), has introduced a new payment solution rooted in The Open Network (TON) blockchain. Wallet Pay aims to facilitate cryptocurrency payments between customers and businesses directly within the Telegram application. On July 13, Wallet said the new payment functionality is immediately accessible in all regions supported by the wallet service. Presently, this service excludes the United States and countries blacklisted by the Financial Action Task Force (FAFT), such as Iran, Myanmar, and North Korea. Payment for goods and services…
Worldcoin, a cryptocurrency and digital identification project has seen more than two million users sign up to its “global identity protocol” dubbed World ID. According to a July 13 statement, the World ID project — which is still in beta testing— passed two million in less than half the time it took to reach the first million. 2 million strong Thank you to everyone who helped Worldcoin reach this milestone. The timing couldn’t be more appropriate.https://t.co/dXNpb6h2hr — Worldcoin (@worldcoin) July 13, 2023 In a nutshell, World ID aims to offer…
Former FTX CEO Sam Bankman-Fried wants to be able to have his “close friends” visit him at his parent’s home without them being subject to security checks. In a July 13 letter to New York District Court Judge Lewis Kaplan, lawyers representing Bankman-Fried requested the judge allow “close friends” on a submitted list to visit him without needing to go through court-ordered security measures set out in his bail conditions. These include having a security guard present at the house to screen visitors for electronic devices and having visitors sign…
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Bitcoin (BTC) dominance has taken a tumble in the wake of Ripple’s partial victory against the United States Securities and Exchange Commission (SEC), with a surge in altcoin prices briefly causing BTC dominance to fall under the 50% mark. Bitcoin dominance — the leading cryptocurrency’s proportion of the total crypto market cap — fell to 49.76% during Asian trading on July 14, according to TradingView. Just weeks earlier, BTC market dominance finally managed to rachet above 50% after a dry spell of two years amid a slew of applications for spot Bitcoin…
Binance has appointed Eleanor Hughes as the new general counsel. She has been a member of the Binance legal team since November 2021. Hughes now takes over, leading a battery of 85 lawyers. Shift in Binance’s legal team Ina July 13 announcement, Binance CEO Changpeng Zhao, also known as CZ, shared that during their time working together, he has come to trust their legal advisor to protect users and manage risks on the platform. Binance has appointed Eleanor Hughes as its new general counsel. She joined Binance’s legal team in November…