Binance Australia Derivatives incorrectly classified end users as wholesale investors, according to an investigation into its onboarding services. Binance Australia Derivatives users reported abrupt notifications sent by the digital asset platform on Feb. 23,  saying it is starting to close certain derivatives positions and accounts.  According to screenshots posted by various users on Twitter, users who...Continue Reading

The Israeli startup Chain Reaction raised $70 million in its pursuit of developing blockchain chips. The adoption of blockchain technology is on the rise, with most enterprises looking into the technology in some capacity. As blockchain becomes more pervasive, all types of users will need the most efficient access to the capabilities of this technology. One...Continue Reading

The announcement said that the sales will be commencing 28 days after Feb. 22, when the notice went out. Nonfungible tokens (NFTs) belonging to the bankrupt hedge fund Three Arrows Capital (3AC) will be sold by its liquidators Teneo, according to a recent announcement.  In a notice dated Feb. 22, Joint Liquidator Christopher Farmer announced...Continue Reading

The SEC has moved to bar final approval of Binance.US’ $1 billion bid for assets belonging to bankrupt crypto lending firm Voyager Digital. The United States Securities and Exchange Commission (SEC) has objected to Binance.US’ move to acquire over $1 billion of assets belonging to the defunct cryptocurrency lending firm Voyager Digital. According to a...Continue Reading

The users can access the token-enabled playlists from Overlord, Fluf, Mooonbirds and Kingship with their NFT wallets. Music streaming platform Spotify expands its Web3 efforts by testing token-enabled playlists in several key markets.  Overlord, a Web3 gaming ecosystem, reported on Feb. 22 the start of its partnership with Spotify. The token-enabled community-curated playlist from Overlord may now...Continue Reading

The plan to expand its workforce comes just months after it mutually called off its plans to go public via a SPAC merger. USD Coin (USDC) issuer Circle plans to increase its workforce by 15-25% in 2023 amid a sea of layoffs across the industry, reported the Wall Street Journal. At a time when a significant chunk...Continue Reading

The defendants pointed out that the renewed allegations push the same theory that the court already rejected before. Kim Kardashian, Floyd Mayweather and other celebrities are looking to convince a judge to dismiss another revised attempt to hold them liable for allegedly promoting EthereumMax (EMAX) without proper disclosure.  The celebrities asked a California federal judge...Continue Reading

German asset manager DZ Bank collaborated with Swiss technology firm Metaco to add digital asset management into its services. DZ Bank, Germany’s second-largest bank in terms of asset size, will fully integrate digital currencies into its asset management services in collaboration with the digital asset firm Metaco. According to the announcement sent to Cointelegraph, DZ...Continue Reading

The comments from the hosts of lawyers comes as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT may constitute a security. Blockchain Association’s chief legal officer says “it would be absurd” for a United States court to rule that digital assets on private blockchains are securities, following a federal judge’s decision...Continue Reading

The Chamber of Digital Commerce has accused the SEC of trying to impose securities regulations via the “back door” of an insider trading lawsuit. The United States Securities and Exchange Commission (SEC) has again been accused of overstepping its authority and unfairly labeling crypto assets as securities, this time in its insider trading case against...Continue Reading