KuCoin to Pay $22M, Exit New York to Settle State Suit
The exchange will hisse $5.3 million to the attorney general’s office and refund New York customers $16.77 million.
Financial
Financial
StarkWare Distributing $3.5M Fees to Developers in ‘Devonomics’ Program
The developer firm, together with the Starknet Foundation, said that the program will benefit “dapp” builders and core developers of the Starknet blockchain.
Financial
Q Protocol to Apply International Court of Arbitration Rules to DeFi Disputes in a Sign of Growing Industry Maturity
Q protocol allows developers to build organizational constitutions that are enforced by smart contracts and include off-chain avenues for resolving disputes the code can’t deal with.
Financial
BlackRock’s Bitcoin ETF Now Invites Participation From Wall Street Banks
A change to the structure of proposed spot bitcoin ETFs would enable authorized participants (APs) to create new shares in the fund with cash, rather than only with cryptocurrency, essentially opening the door to banks who cannot hold crypto directly.
Financial
Coinbase to Bring TradFi Assets On-Chain With New Platform Built on Base Under Abu Dhabi Regulator’s Oversight
“Project Diamond” lets institutions create and trade digital native versions of financial instruments such as debt using Base in a regulated manner.
Financial
U.S. CPI Inflation Trended Lower in November, Rising 3.1% From a Year Ago
The core rate of CPI inflation was higher by 4% year-over-year, in line with forecasts.
Financial
First Mover Americas: Binance’s Waning Market Share
The latest price moves in crypto markets in context for Dec. 12, 2023.
Financial
FTX Disputes IRS’s ‘Alice in Wonderland’ Tax Claim
The U.S. government’s claim for $24 billion in unpaid taxes by FTX has only one source – taking recoveries away from its victims, FTX said in a court filing.
Financial
Cathie Wood’s ARK Invest Offloads Nearly $13M Worth of Grayscale Bitcoin Trust Shares
Digital asset manager Grayscale’s bitcoin investment vehicle’s shares fell 8.6% Monday, reflecting the day’s 5.8% drop in bitcoin.
Financial
China to Verify Citizens’ Identities With New Blockchain-Based Platform
The announcement follows a government rule change to require social media influencers to display their real names.