Binance Denies Connection With UK Registered Entity
A subreddit post on June 19 displayed a so-called “utility closet” that Binance Ltd employs as its registered office address in the United Kingdom. Binance has denied the claims that it’s been using the building as its registered office in the U.K. However, a representative for the world’s largest cryptocurrency exchange said the registered organization is […]
Deutsche Bank Applies for Crypto Custody Services License from Bafin
Deutsche Bank AG, the largest bank in Germany, has recently requested regulatory approval from Bafin to provide custody services for digital assets such as cryptocurrencies. The recent regulatory crackdown by Western financial regulators has not deterred major participants from entering the cryptocurrency market. According to David Lynne, head of Deutsche Bank’s commercial banking division, this […]
Crypto Enthusiast Joseph Tsai to Chair Alibaba
Joseph Tsai, the co-founder and executive vice chairman of Alibaba, will become the new chairman of the Chinese e-commerce giant in September. Tsai is known for his interest and investment in crypto, which could signal a positive outlook for the industry in China. About Joseph Tsai Joseph Tsai is one of the co-founders of Alibaba, […]
Bitcoin to Rise Despite TGA Refill, Says BitMEX Co-Founder
BitMEX co-founder Arthur Hayes is optimistic about Bitcoin’s price prospects, as he believes the US Treasury’s TGA refill has not affected the US dollar liquidity and risk markets. The US government’s Federal Reserve Treasury General Account (TGA) uses this account to manage its cash flows and payment of bills. The TGA refill is the process […]