By Dietrich Knauth NEW YORK (Reuters) - Bankrupt crypto companies FTX and BlockFi have resolved their disputes stemming from the companies\' collapses in 2022, with FTX agreeing to pay BlockFi up to $874 million, according to court documents filed on Wednesday. The settlement is subject to approval by U.S. Bankruptcy Judge John Dorsey in Wilmington,...
Hungary is eyeing to establish a comprehensive crypto regulatory framework which would enable local banks to directly offer cryptos. The country’s move to embrace crypto comes at a time when the European Union’s Markets in Crypto Assets regulation, MiCA, is due to take effect in 2024. Early this month, Hungary government released the draft law...
By David Shepardson WASHINGTON (Reuters) -Boeing on Wednesday provided U.S. regulators with the names of employees on its 737 MAX door team after lawmakers and a federal safety official sharply criticized the planemaker\'s failure to do so at a Senate hearing. National Transportation Safety Board Chair Jennifer Homendy had said earlier on Wednesday that Boeing...
India’s National Informatics Centre (NIC), a government agency operating under the Ministry of Electronics and IT (MeitY), has hosted almost eight million government-issued verifiable documents on five blockchains. The NIC recently launched a dedicated website to showcase its various blockchain initiatives, revealing that a wide range of documents related to education, property, judiciary, and drug logistics are...
By Nate Raymond (Reuters) -A U.S. appeals court on Wednesday upheld the dismissal of a lawsuit by a conservative group opposed to diversity initiatives in medicine that challenged a Pfizer (NYSE:PFE) fellowship program designed to boost the pipeline of Black, Latino and Native American people in leadership positions at the drugmaker. The New York-based 2nd...
Binance, the world’s largest cryptocurrency exchange, has temporarily suspended withdrawals to the Solana network due to an “increased volume of transactions.” According to a Binance announcement released on March 6, the exchange expects to implement a solution and resume withdrawals starting on March 9. Binance Temporarily Halts Solana (SOL) Withdrawals According to the press release on March...
-- Japan’s Nikkei 225 index rose to a record high in early trade on Thursday, tracking overnight gains in Wall Street after Federal Reserve Chair Jerome Powell offered the clearest sign yet that interest rates were coming in 2024. Speculation over a potential policy pivot by the Bank of Japan also benefited heavyweight bank stocks,...
Digital Currency Group (DCG), the parent company of the now-defunct cryptocurrency lending platform Genesis Global Capital, has taken action to dismiss the lawsuit filed against it by New York Attorney General Letitia James. Additionally, DCG founder and CEO Barry Silbert has filed a motion to dismiss the accusations that he concealed losses at the firms, allegedly leading...
To align with EU standards, the United Kingdom unveiled plans on March 6 to integrate both stablecoins and central bank digital currencies (CBDCs) into its regulatory structure. Former Bank of England (BoE) official Varun Paul detailed the UK’s effort to catch up with the rest of the European Union in crypto regulation in a report...
Today, Spanish data regulator Agencia Española de Protección de Datos (AEPD) instructed Sam Altman’s Worldcoin to halt its operations in the country. This includes stopping the collection of private data through eye scans and ceasing the use of previously gathered data, according to the Financial Times. Spain is the first European country to suspend Worldcoin...