The FTX chapter property bought a 5% stake in AI coding startup Cursor for $200,000 in April 2023. That similar stake, following SpaceX’s settlement to accumulate Cursor at a $60 billion valuation, is now value roughly $3 billion. A 15,000x hole realized by whoever purchased it from the property slightly than by the collectors the…
The Binance crypto alternate has formally filed a defamation lawsuit towards the Wall Street Journal, or often called WSJ, within the Southern District of New York. The criticism, filed right this moment (March 11), alleges the newspaper printed false claims relating to the alternate’s compliance controls and dealing with of Iran sanctions information. At the…
Bloomberg Intelligence forecasts that Coinbase’s stablecoin income might leap sevenfold from its present $1.35 billion annual run price. Analysts level to a structural shift the place stablecoins transfer past crypto buying and selling collateral to develop into a main rail for mainstream world funds. Key Takeaways Coinbase generated roughly $1.35 billion in stablecoin income final…
Binance is again within the highlight. Former compliance investigators now declare the alternate allegedly processed greater than $1B in transactions tied to Iran sanctions violations, even whereas working below U.S. monitorship after its 2023 plea deal. Changpeng Zhao is just not staying quiet. Instead of denying exercise outright, he argues the investigators had been fired…
Nigeria, Africa’s most populous nation, is paying huge consideration to its quickly creating cryptocurrency business marked by a string of latest rules. In the most recent growth, the Nigerian Securities and Exchange Commission (SEC) has shared a revised minimal capital for all regulated market entities, together with operators within the digital asset market. Nigerian Regulator…
Moscow Exchange and St. Petersburg Exchange have confirmed readiness to launch regulated crypto trading as soon as Russia’s legislative framework takes impact by mid-2026. According to local reports, the exchanges’ bulletins got here following the Bank of Russia’s December 23 release of a regulatory idea that units July 1, 2026, because the deadline for growing…
Digital asset adoption continues to develop after Turkmenistan introduced plans to legally accommodate cryptocurrency operations from 2026. Following this transfer, the Central Asian nation joins the increasing listing of nations choosing regulation within the crypto trade towards an outright ban. Turkmenistan Explores Crypto Amid Economy Diversification On Friday, Reuters reported that President Serdar Berdymukhamedov of…
Kazakhstan has shut down 130 unlawful crypto exchanges suspected of laundering legal proceeds and seized digital belongings value $16.7 million. According to a report by The Times of Central Asia, solely crypto exchanges licensed by the Astana Financial Services Authority and built-in with native banks are permitted to function in accordance with the Law on…