Earlier this month, reports of the departure of Mayur Kamut, the Binance Head of Product, were issued in the wake of other key resignations, which included the Chief Strategy Officer, Patrick Hillmann, and General Counsel, Hon Ng. The company also lost its Senior Director of Investigations, Matthew Price, and Senior Vice President for Compliance, Steven…
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In a press release this week, Co-founder of Ethereum, Joseph Lubin suggested that clear heads and clarity of thinking are the best way to proceed through the investigation. This comes after the cryptocurrency has been hit by waves of regulatory boards demanding the tightening and transparency of crypto commodities, tokens and intermediaries. Lubin stated: America…
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These charges follow in the wake of the Marcum $10m penalty for standards violations and systemic quality control failures regarding the audit of numerous special purpose acquisition companies (SPACs). As a leading auditor of SPACs, the company experienced an approximately six-fold increase in clients, who allegedly took advantage of the significant quality control gaps. Don’t…
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The trading platform says the Coinbase Prime Web3 Wallet is part of the company’s continued commitment to harness cutting-edge technologies for its clients. On its website, it states: We have always kept security and utility top of mind, and today marks another step in that evolution by providing institutional and enterprise clients a secure way…
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Through the integration of these AI abilities, TradeGPT uses real-time market data to perform analyses, make movement predictions, and answer technical questions. The Dubai-based cryptocurrency exchange is not the only one that employs ChatGPT for market insights. Crypto.com has its own AI user assistant, Amy, launched in May 2023. Binance, arguably the world’s foremost crypto…
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The company views this as a significant move to focus its impact on the Latin American finance market and transform the current financial landscape. Binance typed Send Cash as a win for financial inclusion, which remains an issue in this region as the World Bank’s Global Findex Database 2021 showed that an estimated 42% of…
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A statement by the US Justice Department confirmed the arrest of Storm on Wednesday in Washington State. Semenov, a Russian national, remains at large. In a CBNC interview, the assistant director in charge of the FBI’s New York field office, James Smith, commented: We’re treating this like any other fugitive now. We’re working with law…
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This decision essentially hobbled the SEC’s blanket control over cryptocurrency markets, which many believe need the same regulations as others, such as stocks and forex. The July ruling found that Ripple did not transgress securities laws when it made XRP, its signature cryptocurrency, available on exchanges. On Thursday, Judge Torres gave the SEC until Friday…
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Jacobi Asset Management (Jacobi) has listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam. The Jacobi FT Wilshire Bitcoin ETF (the \"ETF\") represents the first decarbonised digital asset fund compliant with SFDR Article 8. Jacobi has implemented a verifiable built-in Renewable Energy Certificate (REC) solution which allows institutional investors to access the benefits of Bitcoin whilst also meeting…
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BAM stated that the regulator’s requests for information were overly “broad” and “unduly burdensome”. In the motion for the protective order, the company stated: The Consent Order authorized “limited expedited discovery” on a narrow set of topics—namely, the custody, security, and availability of BAM customer assets. Instead of seeking “limited” discovery, the SEC has spent…
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