Defense lawyer and former federal prosecutor, James K. Filan, expects the infamous Hinman Speech documents to be released to the public by June 6, citing a previous court order. The Hinman documents relate to a 2018 speech from former Securities and Exchange Commission (SEC) corporation finance division director Bill Hinman, who essentially stated that Ether (ETH) was not a security. The…
Lawmakers from South Korea are pushing to enshrine stricter regulation of digital assets in the wake of a gruesome murder case involving digital assets. According to a May 18 Bloomberg report, a Korean woman was abducted on March 29 and later murdered in a dispute believed to have stemmed from a disagreement over cryptocurrency-related losses — adding to a string…
The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin. EU Finance Ministers Give Final Nod to Markets in Crypto Assets Law At…
Within 11 days in March, four banks in the United States and one in Switzerland collapsed. First Republic Bank followed in May. Three of the four largest-ever U.S. bank failures occurred in those two months. It was a painful reminder that banks bear significant risks that can quickly spill over to other industries. Ironically, despite a heavy focus on how…
Crypto-friendly fintech firm Revolut has launched international payments-focused business accounts for clients in Australia, as it reportedly works to secure a banking license down under. The London-based firm offers a range of fiat payment services for clients in Europe and Australia. It also offers crypto services, including the buying and selling of a number of crypto assets including Bitcoin (BTC),…
Australian dollar deposits and withdrawals have been suspended by the exchange citing a decision made by a third-party prov Source: https://cointelegraph.com/app/public/index.php/news/binance-suspends-aud-services
Cryptocurrency exchange Binance has suspended Australian dollar services as its local payment services provider has seemingly stopped support for the exchange. On May 18, Binance tweeted that AUD PayID deposits and bank transfer withdrawals were suspended “due to a decision made by our third-party payment service provider.” “We understand from our third party payment service provider that Bank Transfer withdrawals…
Australia has successfully made its first foreign exchange transaction using eAUD as part of a live pilot for the country’s potential central bank digital currency (CBDC). It comes amid a rising interest from countries around the world to learn about or launch central bank-issued digital currencies. In a statement, blockchain infrastructure provider Canvas said on May 17 local time, crypto…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Gala Games announced this week that it has removed or “burned” almost 21 billion GALA tokens after completing its V2 token airdrop—more than $637 million worth at the time of the burns—from its own reserves in an effort to reduce concerns surrounding a possible “dump and exit” scenario. “The…
South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that the recession forecasts by the International Monetary Fund (IMF) and…
