Search Results for: CF

Conflux to Bring Uniswap v3 and Curve to China's Public Blockchain

Toronto, Canada, April 14th, 2023, Chainwire Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This proposal comes after Binance’s announcement that it will support Conflux Network’s … Continue reading Conflux to Bring Uniswap v3 and Curve to China's Public Blockchain

Terraform Labs CEO Sent $7 Billion to Law Firm Before Ecosystem Collapse

South Korean prosecutors have confirmed that Terraform Labs CEO Do Kwon sent $7 billion to Kim & Chang, a top South Korean law firm, just before the collapse of the Terra ecosystem. The prosecutors believe that Kwon’s decision to send the funds was a deliberate move that allegedly reaffirmed his awareness of the impending collapse … Continue reading Terraform Labs CEO Sent $7 Billion to Law Firm Before Ecosystem Collapse

Legislation Introduced to Remove SEC Chair Gensler from His Role

The Securities and Exchange Commission (SEC) is facing new controversy, as United States Representative Warren Davidson has announced plans to introduce legislation that would remove SEC Chair Gary Gensler from his role. The move follows the SEC’s proposed rule amendments, which could bring certain brokers under additional regulatory scrutiny and redefine an “exchange.” While Gensler … Continue reading Legislation Introduced to Remove SEC Chair Gensler from His Role

US Treasury to Increase DeFi Regulation

The decentralized finance (DeFi) sector has been booming in recent years, with a plethora of new projects and services popping up every day. However, with its rapid growth comes increased scrutiny from regulators, and the United States Treasury recently conducted a risk assessment of the sector to identify potential risks and areas where it may … Continue reading US Treasury to Increase DeFi Regulation

US House Committees To Hold Joint Hearings On Digital Asset Regulations

The US House Financial Services and Agriculture Committees, along with the Digital Assets, Financial Technology and Inclusion Subcommittee, and the Commodity Markets, Digital Assets, and Rural Development Subcommittee will hold joint hearings in May to establish regulatory clarity for the digital asset ecosystem. Representative Patrick McHenry, the House Financial Services Committee chairman, has announced that … Continue reading US House Committees To Hold Joint Hearings On Digital Asset Regulations

US House to Hold Joint Hearings on Digital Assets

The US House of Representatives is taking steps to provide regulatory clarity to the digital asset ecosystem. The House Financial Services Committee, Agriculture Committee, and subcommittees will hold joint hearings in May to address the market structure around digital assets in the United States. The hearings aim to provide clear rules of the road for … Continue reading US House to Hold Joint Hearings on Digital Assets

Hong Kong SFC Finalizes Regulatory Framework for Virtual Asset Trading Platforms

The Securities and Futures Commission (SFC) of Hong Kong concluded a consultation period today, revealing the finalized regulatory requirements for operators of virtual asset trading platforms licensed by the SFC. Over the consultation period, the SFC collected 152 written submissions from stakeholders including industry and professional associations, professional and consultancy firms, market participants, licensed corporations, … Continue reading Hong Kong SFC Finalizes Regulatory Framework for Virtual Asset Trading Platforms

Binance Accused of Commingling Customer Funds and Revenue, Says Reuters Report

Binance, the world’s largest cryptocurrency exchange, is facing allegations of having commingled customer funds with company revenue in 2020 and 2021, violating U.S. financial rules that mandate the segregation of customer money, according to a special report by Reuters. Citing three sources familiar with the matter, the report claims that the exchange held mixed accounts … Continue reading Binance Accused of Commingling Customer Funds and Revenue, Says Reuters Report

Consumer Caution: Payment Apps and the Risk of Uninsured Deposits

In the evolving landscape of financial services, nonbank payment app companies are revealing significant gaps in deposit insurance coverage compared to traditional bank and credit union accounts. These companies, often regulated as money services businesses (MSBs), are required to register with the U.S. Department of Treasury but are not subject to the same federal oversight … Continue reading Consumer Caution: Payment Apps and the Risk of Uninsured Deposits

Binance US Faces SEC Accusations Over Alleged Securities Trading Violations

The Securities and Exchange Commission (SEC) has leveled a series of accusations against the US operations of cryptocurrency exchange Binance, casting a significant cloud over the future of the platform in the United States. In a formal complaint, the SEC claimed that Binance US facilitated trading in a range of tokens identified as securities without … Continue reading Binance US Faces SEC Accusations Over Alleged Securities Trading Violations

Exit mobile version