The scheduled launch date for these futures contracts is set for July 31, pending regulatory review.
CME Group set to introduce ETH to BTC Ratio futures CFTC issues $54M default judgment against trader in crypto fraud scheme As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body.
Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report The request was denied by U.S. District Judge Lewis Kaplan, who characterized it as a “fishing expedition” lacking justification.
TrueUSD assures users it has no exposure to troubled Prime Trust Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust.
BitGo terminates acquisition of Prime Trust The acquisition was called off two weeks after BitGo publicly disclosed its non-binding letter of intent to acquire Prime Trust.
Crypto payment solution Ramp expands on-ramp service, adds support for 40 fiat currencies Ramp expands its platform compatibility with 40 new currencies, including the Bermudian dollar, Costa Rican colón, Hungarian forint, Mexican peso, Singapore dollar and Swiss franc.
Binance to implement Lightning Network nodes for enhanced Bitcoin transactions Binance hopes to enable smooth BTC deposits and withdrawals while tackling network congestion issues.
Wall Street giants back EDX Markets, a new cryptocurrency exchange EDX Markets is backed by large financial institutions such as Citadel Securities, Fidelity Investments and Charles Schwab.
Crypto investment products experience outflows for 9th consecutive week Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon.
Fed, SEC investigate Goldman Sachs over Silicon Valley Bank’s securities portfolio: Report Both regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank.
Hinman documents in Ripple case raise questions about SEC’s motives According to crypto lawyer Fred Rispoli, the Hinman documents depict an agency prioritizing expanding its jurisdiction over fulfilling its core responsibility of safeguarding U.S. investors.
Haru Invest files criminal complaint against consignment operator The South Korean yield platform said it has filed a criminal complaint against B&S Holdings and plans to initiate civil proceedings as well.
South Korean Bitcoin lending platform Delio pauses withdrawals The virtual asset manager and lending platform suspended withdrawals following challenges at Haru Invest, a similar entity.
North Korean hackers swipe over $100M from Atomic Wallet users According to Elliptic, a blockchain analysis company, an estimated 5,500 crypto wallets have been affected by the attack.
Hinman documents suggest SEC is the wrong agency to govern digital assets, crypto lawyer says John Deaton, a crypto lawyer and founder of CryptoLaw, told Cointelegraph that released Hinman documents highlight the need for Congress to intervene and provide clarity in governing digital assets.
Polygon 2.0 introduces upgrades to tap into ‘Value Layer’ of internet According to Polygon Labs, Polygon 2.0 will enable users to create, exchange and program value on the internet.
Crypto fund outflows reach $417M over 8 weeks as investor caution persists According to CoinShares, digital asset investment product outflows amounted to $88 million last week.
Tether expands reach in Georgia through investment in CityPay.io The partnership seeks to enhance the payment industry in Georgia by introducing heightened efficiency.
Nansen lays off 30% of its workforce The CEO of Nansen cited two reasons for the layoffs, including an overly aggressive hiring phase during the bull market and the prolonged crypto bear market that followed.
Binance considers allowing traders to secure collateral at banks: Report It has been reported that Swiss-based FlowBank and Liechtenstein-based Bank Frick have been mentioned as potential intermediaries for this service.
Laos government reportedly prioritizes blockchain technology for digital transformation Laotian Prime Minister Sonexay Siphandone chaired the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation.
Cronos Labs launches second cohort of $100M Web3 accelerator On May 15, the chosen projects commenced the 12-week program after being granted seed funding of $30,000.
Digital Currency Group to shutter institutional trading unit TradeBlock Starting May 31, TradeBlock will commence the official procedure of winding down its operations.
Bitpanda secures licensing agreement with Coinbase as part of strategic partnership As part of the collaboration, Bitpanda will incorporate Coinbase Exchange into its roster of authorized liquidity providers.
Gate Group launches new virtual asset trading platform in Hong Kong As of May 23, users can deposit and withdraw virtual assets and participate in spot trading activities.
Rising BTC transaction fees are a good thing, Bitcoin educator shares Dan Held, the chief marketing officer at Trust Machines, believes that rising Bitcoin transaction fees may encourage users to look at other layer-2 solutions.
Ripple and SEC seek extension for unsealing Hinman documents According to court documents shared by James Filan, the Hinman materials will likely be unsealed by June 13.
Jack Dorsey’s TBD announces new Web5 toolkit The Web5 toolkit aspires to put the control of data and identity into the hands of users.
Coinbase launches zero-trading-fee subscription service Coinbase’s new subscription service, “Coinbase One,” is expected to roll out across 35 countries in the near future.
Former CFO indicted for diverting $35M to cryptocurrency venture In the event of a conviction for wire fraud, Nevin Shetty could face up to 20 years in prison.