Republic will acquire around a 9.5% stake in INX following the initial investment, with a commitment to acquire of 100% of equity at a valuation of $120 million as early as Q3 this year..
Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case
The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and fellow Terra executive Han Chang-Joon.
UK Financial Watchdog Cancels Binance Permissions on Firm’s Request
U.K.’s Financial Conduct Authority said Binance’s local unit is no longer authorized to provide any regulated services in the country.
IMF Official Presents Blueprint for Cross-Border CBDCs
The international organization wants to help cut the cost of cross-border transactions, without abandoning compliance checks or capital controls.
BNB Chain Releases Layer 2 Testnet Based on Optimism’s OP Stack
Developers expect the opBNB blockchain to reach speeds of 4,000 transactions per second at a targeted cost of 0.005 U.S. cents per transaction.
First Mover Americas: Bitcoin Trades Flat, Altcoins Nurse Losses
The latest price moves in bitcoin (BTC) and crypto markets in context for June 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ethereum Developers Propose Raising Validator Limit to 2,048 Ether From 32 Ether
Low validator limits have led to waiting times of over one month, as of Monday.
Bitcoin Could Benefit From These 3 Bullish Tailwinds
The path of least resistance for bitcoin may be on the higher side due to inter-market factors, optimism from BlackRock’s ETF filing and safe haven flows.
France’s Markets Regulator Backs Global Rules for DeFi
The AMF wants industry stakeholders to contribute to a discussion about its views on supervising DeFi, DAOs and associated risks.
Crypto Market Regulatory Uncertainty Overshadows Blockchain Development: Bank of America
The bank said it expects blockchain infrastructure and tokenization to transform financial and non-financing infrastructure and markets over the next five to 10 years.
Ethereum Layer 2 Network zkSync Era’s Locked Value Surpasses $500M
The total value locked has increased by 12% in one week, according to data source L2Beat.
Hinman Documents Release in SEC-Ripple Case Is a Boost to Ether: JPMorgan
The documents are likely to intensify the move among major cryptocurrencies to become more decentralized and look more like ether, the report said.
Meme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a ‘Scam’
Musk had previously engaged with the Bob token bot several times, aiding a value rise.
Crypto Community Donates $1M to Sleuth ZachXBT After Defamation Lawsuit
Backers include the likes of prominent crypto businesses and personalities such as Binance, CertiK and Justin Sun, among others.
First Mover Asia: Bitcoin Slips Back to $26.3K in Weekend Trading as Investors Weigh Potential Interest Rate Decisions
The largest crypto by market cap benefited from last week’s pause in interest rate hikes, but a market analyst suggests that cuts may be necessary for prices to rise significantly in the future. ALSO: Indonesia updates its list of digital assets approved for trading in the country.
Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore
Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday.
CFTC to Review Prediction Market Kalshi’s Contracts to Bet on Control of Congress
The Commodity Futures Trading Commission will decide on June 26 whether to start a formal 90-day review of prediction market provider KalshiEX’s contract that allows users to bet on which party takes control of the U.S. Congress.
Crypto Detective ZachXBT Faces Defamation Lawsuit
MachiBigBrother has sued ZachXBT for an investigation the latter published in June 2022 alleging the trader stole tens of millions of dollars worth of crypto.
BlackRock’s Spot Bitcoin ETF Not The Same As Grayscale’s Product, Experts Say
Exchange Traded Fund (ETF) terminology can sometimes be tricky, and fund management giant BlackRock’s application for a spot Bitcoin ETF has raised some questions.
Bitcoin Recrosses $26.3K to Hit Highest Level in a Week Amid BlackRock Optimism
Markets surged for a second time in the less than 24 hours following the fund management giant’s announcement that it had filed paperwork for the formation of a spot bitcoin ETF.