Binance withdraws from agreement to purchase FTX
The cryptocurrency exchange has canceled the acquisition after Binance revealed its intention to buy rival FTX on Tuesday. The company backed out of the agreement one day after cryptocurrency exchange Binance revealed its intention to buy rival FTX for an unknown sum. According to the exchange, the purchase will not be pursued after due diligence. […]
Countries neglecting crypto AML requirements risk FATF ‘grey list’
According to reports, the Financial Action Task Force (FATF) will monitor countries’ enforcement of anti-money laundering (AML) laws for cryptocurrency providers on an annual basis. The Financial Action Task Force (FATF) may “grey list” nations that don’t follow its anti-money laundering (AML) regulations for cryptocurrencies. Al Jazeera reported on November 7 that sources indicated the […]
Central Bank of Russia studies crypto’s role in financial system
The Central Bank of Russia (CBR) has published research on digital assets that examines how the technology might be incorporated into the country’s established financial system. In the midst of a wave of new financial penalties, the Central Bank of Russia (CBR) is exploring methods to incorporate blockchain technology and crypto assets into its domestic […]
Binance to sell off all of its FTX Token holdings
Binance CEO Changpeng Zhao cited “recent revelations” as the basis for the liquidation, stating the sale of FTX tokens might take months. Changpeng “CZ” Zhao, the CEO of cryptocurrency exchange Binance, announced that his company would liquidate all of its holdings in FTX Token, the native token of rival exchange FTX. Zhao stated that the […]
OpenSea releases “on-chain” mechanism to impose NFT royalties
The CEO of OpenSea announced the debut of a new tool in the marketplace that will enable authors to deliver “on-chain enforcement” of their royalties. OpenSea, a nonfungible (NFT) marketplace, appears to have weighed in on the issue of NFT royalties by introducing a new “on-chain” tool to assist producers in enforcing royalties. While other […]