BlockFi and FTX Reach ‘In Principle’ Agreement to Settle Disputes
Bankrupt Crypto Firms BlockFi and FTX Agree ‘In Principle’ to Settle Disputes with FTX Paying Up to $874.5 Million to BlockFi. According to a court filing dated March 6, bankrupt cryptocurrency firms BlockFi and FTX have reached an “in principle” agreement to resolve their disputes. FTX has consented to pay BlockFi a maximum of $874.5 […]
CFTC Chair Contradicts SEC on Prometheum’s Ethereum Custody
Concerns have been raised by CFTC Chairman Robert Behnam regarding Prometheum’s request to the SEC for the custody of Ethereum as security. Contrary to the Securities and Exchange Commission (SEC), the chief of the commodities regulator has disputed Prometheum’s Ethereum (ETH) assertions. Permitting one of its registered firms to hold Ethereum in custody, he cautioned, […]
Binance Launches Zero-Fee BTC, ETH, BNB Trading in JPY Pairs
Binance’s listing of JPY trading pairs and a zero-fee promotion are changing the crypto landscape by introducing low-cost trading choices. Binance, an internationally renowned cryptocurrency exchange, recently announced significant additions with the introduction of new trading pairs pegged to the Japanese yen (JPY). At 08:00 (UTC) on March 12, 2024, users will be granted the opportunity to […]
Zama Secures $73M to Advance Cryptography in Blockchain
A $73 million funding round has been secured by Zama, a prominent cryptography technology company, to advance fully homomorphic encryption. Recently, tech and investment circles were captivated by the news that Zama, a startup headquartered in Paris, had secured a substantial funding round of $73 million. The actual Series A funding round was presided over […]
Binance.US COO Claims SEC Lawsuit Led to Bank Withdrawals
Binance. US COO asserts that banks withdrew support from the exchange due to the SEC’s lawsuit last year, “effectively choking the business.” According to a firm executive, Binance US suffered a “near-fatal blow” in June when the United States Securities and Exchange Commission filed a lawsuit, which forced the company to lay off more than […]