SFC aims to restrict retail traders to liquid products
Securities and Futures Commission (SFC), announced plans to propose a subset of tokens it would allow for retail investors’ trading. According to Julia Leung Fung-yee, the new CEO of Hong Kong’s Securities and Futures Commission (SFC), the new licensing program, which is set to launch in June, will limit retail traders in Hong Kong to […]
Bitvavo rejects DCG’s 70% repayment proposal
Bitvavo, said that it has rejected Digital Currency Group’s (DCG) proposal to repay 70 per cent of Genesis Trading’s debt. On January 11, Bitvavo formally disclosed that the company had received a counteroffer from DCG that offered to pay back roughly 70% of the outstanding balance over a period that Bitvavo could accept. The remaining […]
Venom Foundation launches $1B fund for Web3 and blockchain
Venom Ventures Fund is allocating $1 billion to invest in Web3, blockchain and cryptocurrency projects and services. Venom Foundation, an Abu Dhabi-based blockchain platform , and Iceberg Capital, an investment manager, announced a new agreement in which they will distribute $1 billion in funding to Web3 and blockchain companies. The Venom Ventures Fund will invest […]
Binance Secures Regulatory Approval In Sweden
The Swedish Financial Supervisory Authority, has granted the crypto exchange Binance approval to manage and trade digital currencies. The local branch of cryptocurrency exchange Binance has received authorization from the Swedish Financial Supervisory Authority, one of the nation’s financial regulatory bodies, to maintain and trade digital currencies. In a Jan. 11 press release, Binance stated […]
Layer-2 networks Optimism, Arbitrum witness high combined transaction volume
The two largest layer-2 networks, Optimism and Arbitrum currently process more transaction volumes than the mainnet Ethereum due to an increase in on-chain activity on the Ethereum network. Over the last three months, there have been more transactions on Arbitrum and Optimism . In contrast, according to Etherscan, transactions on the Ethereum network have decreased […]