Citi and Brazilian Development Bank Join Hyperledger Foundation
The Foundation has also launched a collaborative working group for traditional financial institutions to work atop of the company’s Besu Ethereum client.
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SEC Committed ‘Gross Abuse of Power’ in Suit Against Crypto Company, Federal Judge Rules
A federal judge ruled that the U.S. Securities and Exchange Commission must pay legal costs for Debt Box, a Utah-based crypto company the SEC brought a suit against, finding that the regulator had committed a “gross abuse of power” in its efforts to secure a temporary restraining order.
Fidelity Adds Staking to Ether ETF Application, Sending LIDO Up 9%
Money management giant Fidelity wants to allow traders of its potential ethereum fund to be able to stake some of the assets, it wrote in an amendment with the U.S. Securities and Exchange Commission (SEC).
Crypto Firm Bakkt Shakes Up Leadership, Names Board Member Andy Main New CEO
The current CEO Michael will step down “to pursue other opportunities.”
Tether’s USDT Gets Delisted on Crypto Exchange OKX for EU Users
The action may foreshadow regulatory restrictions in the region for the largest stablecoin by market capitalization and trading volume, as upcoming E.U. rules will require stablecoin issuer to be licensed electronic money institutions.
FTX Claims Holder Attestor Takes Creditor to Court Over Alleged ‘Seller’s Remorse’
London-based investment firm Attestor Capital, a top holder of FTX bankruptcy claims, has filed suit against a FTX creditor who allegedly promised to sell the firm two FTX accounts, only to back out of the deal once the value of its claims skyrocketed.
Fidelity’s Bitcoin Fund Becomes Fifth Most Popular of All ETFs in 2024
Fidelity’s Wise Origin Bitcoin Fund (FBTC) is the fifth most popular exchange-traded fund (ETF) on the market right now, attracting more than $6.9 billion since its introduction on Jan. 12, according to data from Bloomberg Intelligence.
Binance CEO Richard Teng Sees Bitcoin Crossing $80K by Year End
Binance’s fairly new boss Richard Teng has said Bitcoin (BTC) will exceed his previous expectations of hitting the $80,000 mark by the end of this year, according to Bloomberg.
Standard Chartered Raises Year-End BTC Forecast to $150K, Sees 2025 High of $250K
The bank also predicted that approval of an ether ETF could be expected on May 23, leading to as much as $45 billion of inflows in the first 12 months and ETH climbing to $8,000 by the end of 2024.
Nigeria’s SEC Proposes 400% Increase to Crypto Firm Registration Fees
The regulator proposed increases to all supervision fees as the country cracks down on the crypto industry.