CFTC Sues Binance, CEO for Illegal Derivatives Exchange: “Numerous Violations”
<p class=”MsoNormal”>The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against cryptocurrency exchange Binance and Changpeng Zhao, its Chief Executive Officer, for “numerous violations...
The Crypto Momentum of Traditional Brokers
<p>The world is preparing for digital identities in the digital era. South Korea is already rolling out national IDs via blockchain technology including driving licenses...
The Evolution of Stablecoins: From Tether to Central Bank Digital Currencies
<p class=”MsoNormal”>Since Bitcoin’s beginnings in 2009, cryptocurrencies have gone a long way. While Bitcoin and other cryptocurrencies such as Ethereum and Litecoin have grown in...
The Interoperability Challenge of DeFi: Cross-Chain Solutions and Standards
<p class=”MsoNormal”>Decentralized finance (DeFi) has grown in popularity in recent years, providing a new way to organize financial transactions without the use of traditional intermediaries...
The Role of Blockchain in Authenticating and Provenance Art
<p class=”MsoNormal”>For millennia, art has been respected and revered as a form of expression. Collectors, museums, and art fans frequently see a painting, sculpture, or...
Blockchain Use Cases in Food Traceability: Opportunities and Challenges
<p class=”MsoNormal”>In recent years, the use of blockchain technology in different industries has been investigated. One use where it has showed considerable promise is in...
FTX Debtors Agree to $95M Sale of Mysten Labs Stake
<p>The bankrupt <a href=”https://www.financemagnates.com/tag/ftx/” target=”_blank” rel=”follow”>crypto exchange, FTX</a> has agreed to sell Mysten Labs Inc. preferred shares back to the Web3 startup for $95 million,...
US Prosecutors Charges Terraform Labs CEO Do Kwon for Criminal Fraud
<p>New York federal prosecutors have brought criminal charges against Do Kwon, the Co-Founder and CEO of collapsed crypto firm Terraform Labs, only a few hours...
Binance CEO Calls CFTC Lawsuit “An Incomplete Recitation of Facts”
<p>Hours after the <a href=”https://www.financemagnates.com/cryptocurrency/cftc-sues-binance-for-illegal-derivatives-exchange-numerous-violations/” target=”_blank” rel=”follow”>Commodity Futures Trading Commission’s lawsuit</a>, Binance’s CEO, Changpeng Zhao publicly rejected the allegations, calling them “unexpected and disappointing” with...
Nasdaq to Launch Crypto Custody Services by End of Q2
<p class=”MsoNormal”>Five months after launching its digital asset services division, top securities marketplace, Nasdaq, now expects to launch its cryptocurrency custody services by the end...