Update for Mt. Gox Creditors, Binance’s Messages, Ledger at Best Buy + More News

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Fredrik Vold

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Fredrik Vold

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Last updated:

June 26, 2023 06:54 EDT

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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. 

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Exchanges news

• Creditors of the failed bitcoin (BTC) exchange Mt. Gox can make their claims until September 15 while a repayment date is yet to be determined, Mt. Gox trustee, Nobuaki Kobayashi, said. (Learn more: Mt. Gox Payouts Nearing, But Is the Market Ready for It?)
• The US Justice Department‘s money laundering section asked Binance to voluntarily hand over messages from its CEO and 12 other executives and partners on matters including the exchange’s detection of illegal transactions and recruitment of US customers, Reuters reported, citing a late-2020 written request. “This is a standard process for any regulated organization,” per Binance. The request was part of an investigation into Binance’s compliance with US financial crime laws that remains ongoing, four people familiar with the inquiry said, per the report.
• A California court found that claims against crypto exchange Coinbase accusing it of violating California consumer laws during crypto sweepstakes will not hold, but the court declined to allow remaining claims against the company that marketed the sweepstakes to move to arbitration, Law360 reported.
• The Indonesian government is set to launch a crypto exchange by the end of 2022 as part of efforts to protect consumers amid rising interest in cryptoassets, Deal Street Assia reported, citing Indonesia’s deputy trade minister Jerry Sambuaga. The launch of the exchange was already postponed twice.
• Bybit said it has partnered with the US fintech firm Circle to offer spot crypto trading pairs denominated in USD coin (USDC). The move comes after Bybit earlier this year introduced USDC-settled crypto options contracts.

Wallets news

• Major hardware wallet manufacturer Ledger said that its Ledger Nano X and Nano S Plus devices are now available for same-day pickup at more than 900 Best Buy stores across the US.  

DeFi news

• Babylon Finance, a community-led asset management protocol, said they haven’t been able to revert the negative momentum caused by the Rari/FEI hack, and the team is shutting down the project. They promised to “consolidate all remaining treasury holdings and distribute them amongst BABL and hBABL holders.”
   

CBDCs news

• The Digital Dollar Project, backed by Christopher Giancarlo, the former head of the US Commodity Futures Trading Commission, said that its Technical Sandbox Program is slated to begin in early October. It aims to jumpstart further exploration of technical implementations of a US central bank digital currency.
   

Regulation news

• A California bill that would require crypto financial-service businesses to get a special license is now closer to becoming law, with the Assembly voting to approve it Tuesday after the Senate gave it the nod a day earlier, Bloomberg reported. Governor Gavin Newsom has until September 30 to sign or veto the bill.

Career news

• FTX US Derivatives, a US Commodity Futures Trading Commission (CFTC) regulated digital asset futures & options exchange and clearinghouse, said that former CFTC Commissioner, Jill Sommers, has joined the company’s Board of Directors.
• Brown Rudnick, an international law firm, said that Stephen Palley, Matthew Richardson, Preston Byrne, and Hailey Lennon have joined the firm as partners in the Digital Commerce practice.