Standard Chartered Bank has announced its upcoming participation in China’s digital yuan, also known as digital renminbi (RMB), with the pilot project set to commence on Nov. 27. The bank said it will provide customers with digital yuan exchange, redemption,…
Justin Sun, a top representative for the crypto exchanges HTX and Poloniex, announced plans to reward users and cover losses on Nov. 24. In a statement on X, Sun wrote: “As HTX and Poloniex approach opening deposit and withdrawal, we…
Wallet of Satoshi, a popular wallet for use with with Bitcoin’s Lightning Network, announced the end of U.S. support on Nov. 24. The company said that it had decided to remove its app from the U.S. and Google app stores…
Former Binance CEO Changpeng Zhao briefly had his social media profile restricted on X after stepping down from his executive position. For a short amount of time on Nov. 23, attempts to access Zhao’s X profile returned a standard restricted…
The Wall Street Journal published an update on the prison living conditions of Sam Bankman-Fried, FTX’s co-founder and ex-CEO, on Nov. 23. The newspaper said that Bankman-Fried has been placed in a dormitory with Juan Orlando Hernández, a former Honduran…
The U.S. Department of the Treasury published its comments on settlements with Binance and related parties in a statement on Nov. 21. Secretary of the Treasury Janet Yellen said: “Binance turned a blind eye to its legal obligations in the…
Now-former Binance CEO Changpeng Zhao has pleaded guilty to money laundering charges, according to reports from The New York Times on Nov. 21. Zhao reportedly entered his guilty plea in federal court in Seattle today and agreed to pay a…
The U.S. Securities and Exchange Commission (SEC) said on Nov. 20 that it has filed charges against the cryptocurrency exchange Kraken. The regulator accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. It alleged that Kraken…
Bittrex Global announced that it will end most exchange operations and trading activity in the coming weeks in an announcement published on Nov. 20. The company wrote: “It is with great regret that we announce that Bittrex Global has decided…
Fidelity Investments has filed for a spot Ethereum exchange-traded fund (ETF), as seen in a filing with the Securities and Exchange Commission (SEC) on Nov. 17. Cboe BZX submitted a 19b-4 filing describing a proposed rule change that would allow…
Senator Elizabeth Warren warned of cryptocurrency scams targeting seniors during a U.S. Senate Special Committee on Aging on Nov. 16. There, Warren cited statistics from the FBI indicating that crypto fraud stole $2.5 billion from consumers in 2022. She added…
The U.S. Attorney’s Office for the Southern District of New York and the FBI announced three arrests related to a $10 million scheme involving cryptocurrency on Nov. 16. The authorities said that Zhong Shi Gao, Naifeng Xu, and Fei Jiang…
The New York Department of Financial Services (NYDFS) issued updated regulations regarding the listing and delisting of virtual currency on Nov. 15. The department said that the new guidance builds on rules that it issued on Sept. 18. It said…
Several American lawmakers voiced their concerns to the U.S. Treasury regarding a proposed taxation scheme for digital assets in a Nov. 15 letter, citing its potential to stifle innovation and adversely affect the digital asset ecosystem. The letter specifically concerns…
Microsoft has unveiled a new chip that is intended for use in artificial intelligence (AI) applications in a news post published on Nov. 15. The company said that it unveiled the chip, named the Azure Maia 100 AI Accelerator, at…
On Nov. 14, Zubin Koticha and Alexis Gauba, the co-founders of Opyn, an Ethereum-based options trading platform, announced their decision to step down from their project and leave the crypto industry altogether. Zubin Koticha, co-founder at Opyn, wrote: “Hey Crypto…
A regulatory filing suggesting that BlackRock is pursuing an XRP exchange-traded fund is false, a representative told CryptoSlate on Nov. 13. The filing, which was submitted to Delaware’s Division of Corporations, closely resembles BlackRock’s filings for its spot Ethereum and…
Coinbase announced a feature on Nov. 9 that allows users to attest their account and country credentials on-chain and access additional benefits. Coinbase’s help pages indicate that issued verifications are meant to serve as a “trusted badge” that grants access…
Bitwise Asset Management said that it has no connection with another firm of the same name whose founders are facing charges. The asset management firm wrote on Nov. 9: “San Francisco-based Bitwise Asset Management, Inc., the largest crypto index fund…
Grayscale CEO Michael Sonnenshein provided an update on his company’s proposed spot Bitcoin ETF in conversation with Bloomberg on Nov. 8. Grayscale intends to convert its existing Grayscale BTC (GBTC) fund to an ETF. Sonnenshein commented on current interactions with…