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SEC in Philippines: Binance is Operating Without a License – Here’s the Latest

The Securities and Exchange Commission in the Philippines has warned users that cryptocurrency exchange, Binance is operating without the required license. In a Nov 28 press release, the regulator stated that the exchange lacks authorization to sell securities to the public in the...

, by David Pokima

Soccer Superstar Cristiano Ronaldo Sued for Promoting Binance Crypto Exchange – Here’s the Latest

Soccer superstar Cristiano Ronaldo is facing a proposed class-action lawsuit for promoting crypto exchange Binance. The lawsuit, filed on November 27 in a United States district court in Florida, asserts that Ronaldo played a role in the sale of unregistered securities in...

, by Ruholamin Haqshanas

SEC Seeks Public Feedback For Franklin Templeton and Hashdex Spot Bitcoin ETFs

The United States Securities and Exchange Commission (SEC) wants public opinion on the spot Bitcoin (BTC) ETF applications of Franklin Templeton and Hashdex. In an announcement on Nov 28, the Commission highlighted the next phase in the scrutiny of spot BTC ETF applications filed by both...

, by David Pokima

Apple Ends Partnership With Goldman Sachs as Tech Giant Expands into Lending

Apple has decided to terminate its credit-card partnership with Goldman Sachs as the tech giant pushes deeper into consumer lending. Apple recently submitted a proposal to Goldman Sachs, outlining its intention to exit the contract within the next 12 to 15 months, according to a report...

, by Ruholamin Haqshanas

Zipmex Proposes Repayment of 3.35 Cents Per Dollar to Creditors in Latest Restructuring Plan

Zipmex has put forward a new proposal to repay creditors, initially offering 3.35 cents for each dollar of their claims as part of its restructuring efforts, according to Bloomberg. This initial payout is part of a broader plan to address the crypto exchange's $97.1 million debt and is...

, by Hongji Feng

Derivatives Trading Protocol dYdX Chain Commences Rewards Distribution After Greenlight From Community

dYdX Chain, dubbed dYdX v4 and announced last year, is a standalone blockchain protocol built on the famous Cosmos software development kit (SDK) and the Tendermint proof-of-stake (PoS) consensus mechanism. Having transitioned out of its beta stage, dYdX Chain users can now claim...

, by Jimmy Aki

Forbes’ Latest “Under 30” List Data Will be Listed on Ethereum

Forbes has announced that the latest iteration of its revered "Under 30" series will be etched onto the Ethereum blockchain for the first time. This narratives of the exceptional individuals featured in the list will be permanently recorded on the blockchain, marking a significant foray into...

, by Jai Pratap

Legendary Investor and Bitcoin Skeptic Charlie Munger Dies at 99

The financial world bids farewell to Charlie Munger, the distinguished investor and long-time collaborator of Warren Buffett, who passed away at the age of 99 on November 28. Munger's demise marks the end of an era, leaving behind a legacy of impactful contributions to the investment...

, by Jai Pratap

Tether’s USDT and Chinese Blockchains Face Potential U.S. Government Ban

The U.S. lawmakers are proposing a bill aiming to prohibit the U.S. government officials from transacting with Tether’s USDT, China-based blockchain networks, and “other foreign adversaries.” The U.S. Representatives Zach Nunn (R-IA) and Abigail Spanberger (D-VA) have...

, by Hongji Feng

UK City Minister Asks Regulators to Embrace Some Risk-Taking in Financial Markets

The new minister for the City of London has called on regulators to adopt a more accommodating approach towards risk-taking in a bid to revitalize the UK's stagnating economy. Bim Afolami, who recently assumed his position as part of a ministerial reshuffle, emphasized the need for...

, by Ruholamin Haqshanas

KyberSwap’s $47 Million Hacker to Propose Deal in Upcoming Statement

The KyberSwap hacker has indicated plans to propose a deal, with a statement expected on November 30. Following last week's $47 million exploit of KyberSwap, the hacker has left a message on the network reinstating the inclination to negotiate, with plans to release a detailed statement on a...

, by Hongji Feng

Coinbase’s Custody Success: A Major Player in Nearly Every U.S. Bitcoin ETF Application

Over a dozen asset managers have applied to launch a Bitcoin spot ETF in the United States this year – and Coinbase is poised to serve as custodian for virtually all of them. The firm’s custody arm, Coinbase Custody, is listed as a custodian in the S-1 registration forms for...

, by Andrew Throuvalas

Hong Kong Chief Executive Expresses Willingness to Cooperate on Granting More Powers to Regulate Crypto Exchanges: Report

The Chief Executive of the Hong Kong Special Administrative Region, John Lee, has responded to the recent investigation into the unlicensed virtual-asset trading platform Hounax. On November 27, Chief Executive John Lee addressed the recent virtual platform supervision fraud and emphasized...

, by Hassan Shittu

Cristiano Ronaldo, MLB, and Mercedes F1 Hit with Litigation Relating to Binance, FTX

Four recent class action lawsuits were filed against high-profile organizations and individuals for promoting the crypto exchanges, according to court documents filed in Miami on Monday. Cristiano Ronaldo, Major League Baseball, F1, and Mercedes-Benz and global advertising agency, Dentsu, are...

, by Julia Smith

Interactive Brokers Partners with OSL to Launch Crypto Trading for Retail Clients in Hong Kong

Interactive Brokers, an automated global electronic broker, is expanding cryptocurrency trading to retail investors in Hong Kong. The broker is now the first SFC-licensed securities broker to be approved to allow retail clients to trade cryptocurrencies in Hong Kong. According to the...

, by Hassan Shittu

Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?

Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings. Released on Tuesday, the firm’s financial results showed just $33 million in revenue for the three months...

, by Andrew Throuvalas

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