Rhode Island regulators have granted a currency transmitter license to X, formerly known as Twitter. This approval is a significant step for the company’s expansion into the financial and crypto sector.
Grayscale has gained approval to launch the first spot Bitcoin ETF from a federal court, which overturned the SEC’s decision to block the application last year.
Robinhood, the investment and trading platform, has been confirmed as the third largest Bitcoin holder, according to Arkham Intelligence. The wallet data showed that the platform holds over $3 billion in Bitcoin in a single wallet. Robinhood is only beaten by the Binance and Bitfinex cryptocurrency exchanges when it comes to the $BTC holding ranking. …
Binance is considering withdrawing its platform from Russia. This is amid rising attention that the largest cryptocurrency exchange is allowing Russian investors to evade US sanctions, which were implemented after the Ukraine invasion. A Binance spokesperson said it was considering all options, “including a full exit,” according to a report from The Wall Street Journal. …
The US Securities and Exchange Commission (SEC) has charged Impact Theory of selling unregistered offerings of non-fungible tokens (NFTs)
Ben Armstrong, BitBoy Crypto’s public face, has been removed from the YouTube channel and brand. The decision was made by the parent company of Hit Network, who alleged there were problems with substance abuse and financial damage. BJ Investment Holdings took legal action to remove Armstrong from both the YouTube channel and the company, according…
FTX founder Sam Bankman-Fried’s defense claims he acted in “good faith” when directing funds from the crypto exchange to his hedge fund Alameda, according to a letter published yesterday, 23 August, from his current lawyers Addressing the judge, the letter said Bankman-Fried was following the advice of in-house lawyers and law firm Fenwick & West…
South Korean Gen-Zs are “aggressive” crypto traders with a preference of altcoins over BTC and ETH, according to new analysis of the Bithumb exchange.
North Korean hackers the Lazarus Group are expected to sell $40 million worth of $BTC, according to the FBI. The group is blamed for $2bn in crypto attacks.
Australia is not planning on releasing a central bank digital currency (CBDC) anytime soon, according to a new report from the country’s main bank.
