FTX seeking approval to sell funds from Grayscale and Bitwise
FTX seeks to sell $744 million in Grayscale and Bitwise assets amid its bankruptcy proceedings. The asset sale aims to prepare for creditor payouts and minimize price volatility risks. FTX…
US Senate introduces bill seeking to regulate DeFi like traditional banks
The bill aims at ensuring DeFi protocol operating in the US imposes strict controls on their users. The controls proposed in the bill resemble those that apply to traditional banks.…
North Carolina lawmakers approve bill seeking study on state adoption of Bitcoin
The “State Precious Metals Depository Study” bill received bipartisan support and passed 75-38. North Carolina could look into adding Bitcoin to its State Treasury if the bill is passed. In…
The SEC is seeking court order to freeze Binance US’s assets
The SEC has reportedly asked a US federal court to freeze the entire assets of Binance US. This comes two days after The SEC sued Binance for breaching federal securities…
Crypto exchange Huobi Global seeking license to expand in Hong Kong
The Chinese special administrative region is considering new licensing and regulations. Huobi wants to expand its businesses in Hong Kong to include retail investors. Huobi also plans to open a…
FTX seeking to auction its functioning businesses including LedgerX
FTX lawyers are seeking permission from a US bankruptcy court to be allowed to sell their businesses. The businesses that FTX seek to auction were only acquired recently. FTX wants…