The company cites the inability to meet regulators’ requirements but says it intends to return to the Dutch market. New York-headquartered crypto exchange Gemini has decided to quit the Netherlands, following in the footsteps of crypto giant Binance. The company cites its inability to meet regulators’ requirements but says it intends to return to the...Continue Reading

Circle noted that assets pegged to USD are not securities, partly because users are not expecting any profit from acquiring them. In a court filing, Circle argued that assets that are pegged to the U.S. dollar, like the Binance USD (BUSD) or its own stablecoin USDC, are not securities, partly because those who purchase the...Continue Reading

The action reportedly came as a part of a general inquiry of French antitrust authorities into the cloud computing sector. Nvidia, one of the global leaders in artificial intelligence (AI) chip production with headquarters in California, reportedly faced a police raid in its French offices this week. The action came as a part of a...Continue Reading

“Spending way more than we earn” — CEO Tim Sweeney blamed job cuts on major structural changes to the company’s economics. Epic Games, the company behind Fortnite, has slashed 16% of its workforce — approximately 830 staff — after unrealistic expectations of metaverse-inspired revenue caused it to spend “way more” money than it had been...Continue Reading

“I think he’ll get the maximum sentence” — one lawyer predicts the former FTX CEO could look at life behind bars if convicted of all seven charges. FTX founder Sam Bankman-Fried, once described as the “golden boy” of crypto, is set to stare down a jury next week for his role in the collapse of...Continue Reading

In a hearing, Assistant U.S. Attorney Danielle Kudla said the Department of Justice estimated the case could last four to five weeks. Former FTX CEO Sam Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will begin in earnest on Oct. 4 and last until Nov. 9, according...Continue Reading

Once Ethereum futures ETF and spot Bitcoin ETF applications get approved, there will be a marketing war like we’ve never seen says, Bloomberg ETF analyst Eric Balchunas. Investment manager VanEck has fired up the marketing engine for its “upcoming” Ethereum futures exchange-traded fund (ETF), which some analysts expect could be launched as early as Oct....Continue Reading

Crypto industry concerns after Chinese dev fined 3 year’s salary for using a VPN, largest Ponzi in Hong Kong history, JPEX saga, and more. Our weekly roundup of news from East Asia curates the industrys most important developments. Chinese worker fined $145K over VPN An unnamed individual in China was fined 1.06 million Yuan ($144,907)...Continue Reading

Often roasted for his metaverse tech demos, Zuckerberg appears to have blown away internet users with his latest avatar tech. While critics have been busy writing eulogies for Meta’s metaverse dream over the last few years, Mark Zuckerberg’s latest demonstration of its photorealistic avatars shows it could be pretty far from dead after all. Appearing...Continue Reading

Invesco, Bitwise and Valkyrie were also hit with delays by the U.S. Securities and Exchange Commission. The United States Securities and Exchange Commission has delayed its decision on several proposals for spot Bitcoin (BTC) exchange-traded funds (ETFs), including BlackRock, ahead of an anticipated government shutdown. The spot Bitcoin ETF applications of Invesco, Bitwise and Valkyrie were also delayed by...Continue Reading