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2022-12-20 20:40:14 Binance joins U.S. lobby group's executive committee

Binance is joining the executive committee of the Chamber of Digital Commerce, a U.S. lobby group for the blockchain industry, as the world's biggest crypto exchange steps up its engagement with regulators. Binance will contribute to research and potentially influence the shape of crypto legislation through discussions with policymakers and regulators, according to a statement. The crypto giant joins traditional finance firms like Visa and Deloitte as well as blockchain firms such as Circle and OKCoin. The exchange's U.S. unit, Binance US.

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2022-12-20 16:03:00 Binance to acquire remaining 40% stake in Indonesian exchange Tokocrypto: Source

Binance is set to acquire the remaining 40% in Indonesian exchange Tokocrypto after first acquiring 60% in 2020, a source with direct knowledge of the matter told The Block. Tokocrypto today announced that Binance “will gradually increase its stake to nearly 100%.” Tokocrypto today announced that Binance “will gradually increase its stake to nearly 100%,” building on its previous investment in 2020. Binance CEO Changpeng "CZ" Zhao tweeted that "Binance was the majority shareholder of Toko[crypto] from the beginning. Just injected more cash and increased our shareholding a bit.". Binance's investment in Tokocrypto gave it a majority or controlling stake.

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2022-12-20 10:03:00 Bitcoin ATMs Across the Globe and Their Growth Over the Years

The number of bitcoin automated teller machines (ATMs) has surged in accordance with the development of the cryptocurrency industry. The first such machine saw the light of day in October 2013. Needless to say, the industry has expanded by leaps. According to the latest data, bitcoin ATMs are predominantly situated in North America. The world’s leading economy – the USA – is home to 34,298 of them, as their number is the highest in the country’s financial hubs – New York, Los Angeles, and Miami. The northern neighbor – Canada – ranks second with 2,704 ATMs. he next to complete the top 5 are Spain (270), Poland (214), and El Salvador (212).

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2022-12-20 04:03:01 FTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies

Femenia maintained FTX victims could retrieve between 20% and 40% of their investment. The global investment banking firm – Jefferies Group – reportedly determined FTX creditors could retrieve as much as 40% of their lost money. The executive, who has formed a five-person team to work on issues related to the bankrupt exchange, explained that rates could change once there is new data about the balance sheet of FTX. Femenia estimated that FTX owes between $10 billion and $13 billion to creditors. He outlined that between 5% and 10% of that amount needs to be paid to attorneys and relevant administrators.

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2022-12-19 21:29:06 Grayscale Weighs Tender Offer for 20% of Shares in Its Deeply-Discounted Bitcoin Trust

Grayscale's flagship offering gives more traditional investors an easy way to gain exposure to Bitcoin without needing to buy or hold Bitcoin themselves. In June, Grayscale filed a lawsuit against the SEC. If we are not successful in our legal challenge in all applicable courts–and we conclude there is no possibility of legislative or regulatory clarity that would allow for the conversion of GBTC to an ETF within a reasonable timeframe–we would explore other options to return a portion of GBTC’s capital to shareholders," wrote Grayscale CEO Michael Sonnenshein in a year-end letter to investors on Monday.

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2022-12-19 16:03:00 UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War

The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash. The United Nations High Commissioner for Refugees (UNHCR) and the Stellar Development Foundation (SDF), an organization supporting the growth of the Stellar blockchain, announced on Dec. 15 the launch of a “blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) and other war-affected people in Ukraine.”

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2022-12-19 10:03:00 FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request

Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department of Correctional Services (BDOCS) jail Fox Hill. On Dec. 17, 2022, Reuters reported that “a person familiar with the matter said on Saturday” that Sam Bankman-Fried (SBF) plans to be more accepting of being extradited to the United States. The source noted that SBF will “reverse his decision to contest extradition” when he appears in court on Monday. The former FTX CEO was supposed to remain at Fox Hill until Feb. 8, 2023.

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2022-12-19 04:03:00 G20 Countries to Build Crypto Policy Consensus for Better Global Regulation

The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s. The G20 finance and central bank deputies met for the first time under India’s presidency on Dec. 13-15 in Bengaluru. Ajay Seth, India’s economic affairs secretary, said at a news conference Wednesday that the G20 nations aim to build a policy consensus on crypto assets for better global regulation. Noting that the implications of crypto assets for the economy

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2022-12-18 21:37:50 Binance to Help Azerbaijan With Crypto Regulations

Cryptocurrency exchange Binance has offered to support Azerbaijan in efforts to establish regulations for digital assets. The leading coin trading platform has been active in the region this year, seeking to expand market presence and increase interaction with authorities. The world’s largest exchange for crypto assets, Binance, is ready to provide support to the Central Bank of Azerbaijan (CBA) in elaborating mechanisms for crypto regulation, the company’s Director of Governmental Relations in the Commonwealth of Independent States (CIS) Olga Goncharova told local media. noting that traders in CIS countries show interest in its products.

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2022-12-18 16:03:01 San Luis in Argentina to Create Dollar-Pegged Stablecoin

The Argentinian province of San Luis has passed a bill allowing it to issue a dollar-pegged stablecoin. The new law will also give local artists the chance to have their work minted as NFTs. The bill, called “Financial Innovation for Investment and Social Economic Development” is the latest step for the region’s move towards digitization. The purpose of the law is to harness blockchain for the region’s benefit. These benefits include “financial innovation”, and “social, economic, cultural, and financial inclusion.”

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