Crypto Bank SEBA Allowed to Offer Crypto Services in Hong Kong
SEBA Bank has obtained a license from the Hong Kong Securities and Futures Commission for its subsidiary to offer crypto-related services in the city.
Michael Barr: The Fed Needs Authority Over Stablecoin Issuers
Michael Barr, vice chairman of supervision at the US Federal Reserve, has said the Fed needs to regulate and enforce the law on stablecoin issuers.
Conflux’s Multichain Prootocol ShuttleFlow Shuts Down
Conflux Foundation will be shutting down its ecosystem multichain protocol, ShuttleFlow, after two years of operation.
Market Share of Binance’s Spot Trading Plunges 40%
In 2023, Binance, a popular crypto exchange, has experienced a decrease in its market share for spot trading, dropping from 62% to 40%.
Ava Labs Fires 12% of its Workforce to Reallocate Resources
The team behind the Avalanche blockchain, Ava Labs, has recently announced that it has laid off 12% of its employees in order to better allocate its resources.
SEC Files Request for Summary Judgment in Terraform Labs Case
The SEC, through a filing to the Southern District of New York court, has requested a summary judgment on its claims against Terraform Labs (TFL) and its founder Do Kwon. According to the document, there is clear evidence that buyers invested money in either fiat currency or cryptocurrencies. This accurately represents the argument made by the SEC about the sale […]
Cathie Wood: Bitcoin is a Defensive Asset
According to Bloomberg, during a podcast with Merryn Somerset Webb, ARK Invest CEO Cathie Wood stated that she would choose Bitcoin as a defensive asset without hesitation.
