Binance partners with The Weeknd to Unveil Metaverse Experience
Binance, the company currently facing legal action from the SEC, has announced its plans to launch a new digital metaverse that focuses on entertainment. The project has been in development since June 2022 and involves collaboration with Canadian musician The Weeknd, who is about to start his “After Hours Til Dawn” tour. According to information […]
Crypto Platform Wyre Shutters, Citing Bear Market Conditions
San Francisco-based crypto payments firm Wyre has announced that it is winding down its operations. The company, which has been in operation for almost ten years, cited financial difficulties caused by the bear market as the reason for its closure rather than regulatory issues in the United States. In a blog post on June 16, […]
Bitwise Follows BlackRock’s Lead, Reapplies for Bitcoin Spot ETF
Bitwise Asset Management, on June 16, submitted a document requesting a change in regulation to allow for its upcoming Bitcoin spot ETF. Previously, the U.S. Securities and Exchange Commission (SEC) had denied Bitwise’s application for a Bitcoin spot ETF in June 2022. The SEC cited reasons such as the lack of a sufficient surveillance-sharing system, […]
Sturdy Finance Resumes Operations Following $800K Security Breach
Sturdy Finance, a decentralized finance (DeFi) technology platform, has reopened its stablecoin market after experiencing a recent attack on its website. On June 16, the platform resumed the stablecoin mTerraUSD Stablecoin Market Cap Reaches $15 Billion for the First Timearket, allowing users to access their funds. The delay in reopening the market was a precautionary […]
Binance.US Reportedly Cuts 50 Staff Following SEC Charges
Binance.US, the American counterpart of Binance, recently laid off approximately 50 employees from its legal, compliance, and risk departments. This decision comes from regulatory accusations of securities law violations against the company. According to sources and employee social media posts, Binance.US has initiated a series of staff reductions. The allegations have also led to a […]