Hong Kong SFC Considers Ether Staking for ETF Issuers
The Securities and Futures Commission of Hong Kong is considering including an Ether staking option for spot ETH exchange-traded funds (ETFs) issuers. Bloomberg reports that the Hong Kong financial regulator is contemplating whether or not ETH ETF issuers within the country should be permitted to stake Ether for passive income. Over three months after the […]
Coffeezilla Sees AI Firm Rabbit as NFT Scam
YouTuber Stephen Findeisen, also known as “Coffeezilla,” has accused Rabbit, an artificial intelligence (AI) company, of operating a nonfungible token (NFT) scam. Discoveries published a video on the Coffeezilla channel on May 21 that exposed the participation of Rabbit AI in NFTs. Cyber Manufacture Co. was the organization’s previous name, and it raised $6 million […]
BlockFi to Shuts Down Web Platform, Partners with Coinbase
Bankrupt cryptocurrency lender BlockFi announced its intention to shut down its web platform in May and partner with Coinbase to enable customers to access and withdraw funds. The company announced in a blog post that “eligible BlockFi Interest Accounts (BIA), Retail Loans, and Private Clients” can withdraw funds through its partnership with Coinbase. BlockFi initiated […]
Binance Receives $4.4M Fine for AML, CFT Violations in Canada
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed an administrative monetary penalty of $4.4 million on cryptocurrency exchange Binance. FINTRAC informed Binance Holdings Limited on May 9 that penalties had been levied in retaliation for the company’s failure to adhere to Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations. […]
Crypto Bull Market Encourages Blockchain Education Initiatives
Amid a growing cryptocurrency industry and soaring bull market, crypto and blockchain education initiatives are gathering traction rapidly. Women in Tech Global Summit 2024 The Women in Tech Global Summit 2024 administrators officially announced on May 7th, outlining their intention to integrate Unstoppable Domain’s technology into the summit’s Web3 top-level domain (TLD). “The. WITG […]