FTX, Alameda Transfer $10.8m in Cryptocurrency to Three Exchanges
FTX and Alameda Research have transferred $10.8 million worth of cryptocurrencies to accounts on Binance, Coinbase, and Wintermute using eight tokens. According to Spot On Chain , the companies — now under receivership — transferred $10.8 million in eight crypto assets: 10 million StepN (GMT) ($2.58 million), 407,000 Uniswap (UNI) ($2.41 million), 2.23 million Synapse […]
BlackRock Adjusts Proposed Spot Bitcoin ETF Structure
BlackRock has revamped its ETF redemption model to mitigate against market manipulation and other regulatory sticking points. The largest asset manager in the world, BlackRock, has revised its application for a spot in the Bitcoin Exchange-Traded Fund (ETF) to address concerns raised by the Securities and Exchange Commission (SEC) of the United States. The modifications […]
Binance Introduces Groundbreaking Banking Triparty Agreement
In an innovative triparty arrangement with a banking partner, Binance provides institutional investors a safe way to handle counterparty risks in cryptocurrency. With a financial partner, Binance has effectively carried out the first-ever cryptocurrency triparty agreement, while the name of the banking partner remained undisclosed. This important breakthrough provides a first-in-crypto solution that mimics conventional […]
SEC Begins Discussion on Fidelity’s Proposed Ethereum ETF
SEC requests feedback on Fidelity’s proposed Ethereum ETF, indicating a possible change in U.S. regulations pertaining to the cryptocurrency sector. The United States Securities and Exchange Commission (SEC) has opened public comments on a proposed rule change, which is a big step for the cryptocurrency industry. This modification may enable the large asset management company […]
Abu Dhabi Grants Paxos Approval for Stablecoin Issuance
The Financial Services Regulatory Authority has given its in-principle clearance for stablecoin issuer Paxos to launch stablecoins in Abu Dhabi. The Financial Services Regulatory Authority in Abu Dhabi has granted two in-principle permissions to Paxos, a stablecoin issuer and cryptocurrency brokerage. According to a press statement on November 29, 2023, the regulator’s approval permits the […]