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09 Dec 2023
Ex-Binance CEO Changpeng Zhao faces potential deposition in billion-dollar class action lawsuit
A court filing submitted on Dec. 8 indicates that former Binance CEO Changpeng Zhao could be deposed in the class action suit Sizemore v. Zhao, in which plaintiffs seek over $1 billion in damages.
The latest filing indicates that plaintiffs have moved for leave to take one deposition of Zhao, who is...
Lawmakers have removed crypto provisions from the 2024 National Defense Authorization Act as it heads to a final vote.
The 2024 National Defense Authorization Act heads to near-certain approval without new rules on cryptocurrencies after negotiators stripped the crypto language to ease passage in bo...
The U.S. Securities and Exchange Commission (SEC) disclosed on Dec. 7 that it met with Fidelity regarding the firm’s spot Bitcoin ETF application.
The securities regulator said that several members of its Division of Corporate Finance met with members of Fidelity on the day of the notice’...
Palau’s Ministry of Finance released a detailed report on the first phase of its groundbreaking Ripple-based stablecoin program on Dec. 7.
The country conducted the pilot project with Ripple’s Central Bank Digital Currencies (CBDC) and Central Bank Engagements teams. The program addition...
News
08 Dec 2023
Senate bill adds to growing list of digital asset legislation moving through Congress
U.S. Senators Mitt Romney (R-UT), Mark R. Warner (D-VA), Mike Rounds (R-SD), and Jack Reed (D-RI) have proposed legislation aimed at sanctioning foreign entities that facilitate financial transactions, including digital asset transactions, with Foreign Terrorist Organizations (FTOs) designated by th...
In a recurring advisory issued today, the U.S. Securities and Exchange Commission (SEC), through its Office of Investor Education and Advocacy, has once again emphasized the significant risks associated with investing in crypto asset securities.
The warning, echoing previous alerts, highlights the o...
Ethereum (ETH) developers have outlined a comprehensive plan for the network’s development in 2024, including significant upgrades and new proposals after their latest execution layer meeting on Dec. 8.
A key focus is on the deprecation of the Goerli testnet, with a fork scheduled for early 2024. Th...
Asset managers Fidelity and VanEck have unveiled their tickers for their spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC).
VanEck chooses HODL
VanEck revealed the ticker for its Bitcoin ETF to be “HODL,” according to an upd...
The Starknet Foundation revealed plans to distribute 1.8 billion STRK tokens across multiple initiatives to drive the adoption and growth of the Starknet blockchain, according to a Dec. 8 statement on social media platform X (formerly Twitter).
This statement follows recent confirmation from the Fou...
El Salvador, in partnership with Tether, has launched a “Freedom Visa Program.” Similar to Portugal’s Golden Visa, which was scrapped earlier this year, the program encourages Bitcoin investors to become citizens of the country.
El Salvador’s initiative offers a unique opport...
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