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Crypto exchange Binance.US has attempted to quell possible unrest from its users following a motion from the United States securities regulator seeking to freeze its assets “on an expedited basis.”In a June 6 tweet, Binance.US reiterated that “user assets remain safe and secure" and added the platform “continues to be
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"The SEC respectfully submits that this relief is necessary on an expedited basis to ensure the safety of customer assets and prevent the dissipation of available assets for any judgment, given the Defendants’ years of violative conduct, disregard of the laws of the United States, evasion of regulatory oversight, and
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If there were ever such a thing as an all-star lineup of regulators, the United States House of Representatives Agricultural Committee’s June 6 hearing on digital asset regulation would probably hold the record. The current chair of the Commodity Futures Trading Commission (CFTC) Rostin Behnam was joined by a former
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The German researchers found out that AI-related crypto assets jumped as much as 35 percent after the launch of ChatGPT. The recent Artificial Intelligence (AI) boom has propelled related companies to huge profits in the past few quarters. Already, Nvidia Corporation (NASDAQ: NVDA) has seen its stock market rally more than
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Swarovski may take a leap into the metaverse with recent trademark applications on a range of products filed on May 30. The application covers numerous products, including cosmetics and NFT verified media, signaling the brand’s ambitions
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A European Parliament-commissioned study proposes all crypto assets be treated as securities by default and calls for decentralized finance (DeFi) organizations to receive legal status. A recent study commissioned by lawmakers at the European Parliament proposes that
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Financial Advisors should consider Real World Assets (RWA) as a way to approach the digital asset sector, minus most of the volatility. Source
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Huobi was named among other Web3 startups by the Hong Kong Virtual Asset Consortium (HKVAC) to help establish a virtual asset index and a virtual asset exchange rating. Bitcoin, Ethereum, and other top digital assets are slowly creeping into the Eastern Asia market as demand rises amid high inflation. In the
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Huobi has become the first member of the Hong Kong Virtual Assets Consortium (HKVAC), the Seychelles-based cryptocurrency exchange announced on May 31. The new organization promises to provide a ratings service and indexes when it is fully launched.The new organization is debuting at a crucial moment, as retail cryptocurrency trading
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Under new rules from the Central Bank of the United Arab Emirates (CBUAE), licensed financial institutions (LFIs) would be required to verify the identities of all customers. The update will come into effect “within a month” by the end of June. On May 31, the CBUAE published guidance for LFIs on
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