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The Rise of Cryptocurrency Betting: A Game-Changer in Sports Wagering
FTX Customers File Lawsuit To Lay Claim To Assets
On Tuesday, customers of the defunct crypto exchange FTX initiated a class action lawsuit against the exchange and its former top executives, including Sam Bankman-Fried. The lawsuit aims to assert that the digital assets held by the company rightfully belong to the customers. This legal action is the most recent attempt to stake a claim […]
What Nirmala Sitharaman Told Parliament On Blockchain Use By Banks
Ms. Sitharaman’s remarks on the utilization of blockchain technology by banks in India have been clarified by the government in Parliament. The Finance Minister, in a written response to Rajya Sabha, stated that there are currently no plans to establish a shared blockchain platform with guidelines for banks. According to Ms. Sitharaman, only a limited […]
Auditors’ Work For Crypto Firms Under Scanner, Says US Securities Regulator
The U.S. Securities and Exchange Commission (SEC) is intensifying its examination of the auditing work performed by audit firms for cryptocurrency companies, as stated by a senior official of the regulatory body in an interview with the Wall Street Journal today. Paul Munter, the SEC’s acting chief accountant, cautioned investors to exercise caution regarding the […]
Cryptocurrency Firm Circle’s Operations Hit By Signature Bank Closure
The CEO of cryptocurrency firm Circle announced on Sunday that the company would no longer be able to facilitate minting and redemption through Signature Bank following its closure by the state of New York. Instead, Circle will manage settlements through BNY Mellon. Circle, known for the stablecoin USD Coin (USDC), expressed plans to establish a […]