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Bernstein Predicts Crypto Arms Race Among Asset Managers

Global investment management and research firm Bernstein states that cryptocurrency is evolving into a substantial business opportunity for asset managers. With the recent decrease in the popularity of ESG (Environmental,…

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US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense

U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised…

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Nomura and GMO Collaborate on Japanese Stablecoin Issuance

Nomura Holdings, a leading global financial services group, has partnered with Laser Digital, its subsidiary focused on digital asset solutions, and GMO Internet Group, a prominent Japanese technology company renowned…

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Major Crypto Exchanges Announce Over 1,200 Job Openings

Major cryptocurrency exchanges, including Binance, Coinbase, Okx, and Crypto.com, are expanding their workforces, collectively offering over 1,200 job openings. Binance leads this hiring surge with 460 roles, followed by Okx…

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Okx Ceases Crypto Trading Services in Hong Kong — Users Advised to Withdraw Assets

Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider (VASP) license application in Hong Kong. As a result, Okx will stop offering centralized virtual asset trading services…

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Crypto Advocacy Group ‘Stand With Crypto’ Expands to the UK

Stand with Crypto, a global crypto advocacy organization, is expanding its initiative to the United Kingdom. Originating in the U.S., where it has garnered over 700,000 sign-ups and gained momentum…

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Montenegro Court Blocks Do Kwon’s Extradition to South Korea

A Montenegro appeals court has reversed an order to extradite Do Kwon, the cryptocurrency entrepreneur behind Terraform Labs, to South Korea. Kwon is wanted for his alleged role in the…

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Coinbase Continues to Fight for Crypto Clarity, Challenging SEC Overreach in Court

Cryptocurrency exchange Coinbase has filed a reply memorandum supporting its motion to certify an interlocutory appeal in its lawsuit against the U.S. Securities and Exchange Commission (SEC), which alleges that…

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Crypto Exchange Gate.HK Ceases Operations — Urges Users to Withdraw Assets

Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, is undergoing a significant platform overhaul to enhance security and compliance, withdrawing its applications for licensing under Hong Kong’s Securities and…

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Former Bank CEO Pleads Guilty to Embezzling $47M to Buy Crypto, Leading to Bank Collapse

Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leading to the bank’s collapse. From May to July 2023, Hanes…

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