FTX lawyers: Examiner could cost $100M and ‘provide no benefit’

FTX lawyers, joint provisional liquidators of FTX US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner.

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Bahamas regulator denies asking crypto exchange FTX to mint new tokens

Bahamas regulator fights back against being ‘publicly challenged’ by FTX against incorrect calculations of digital assets transferred under its control

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WEMIX Delisting: South Korean Crypto Exchange Upbit Accused of Instigating Token Removal

According to the CEO of Wemade, Henry Chang, the South Korean cryptocurrency exchange Upbit was the brains behind the Digital Asset Exchange Joint Consultative Body (DAXA)’s decision to delist WEMIX. The Wemade CEO accused Upbit of applying different standards and of failing to furnish his company with the token supply guidelines. Wemade Not Formally Notified

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Dogecoin themed UAE burger joint will let you pay in crypto

A new online-only restaurant in Dubai pays homage to the meme cryptocurrency Dogecoin (DOGE) with themed cuisine, packaging, and the possibility for customers to pay using cryptocurrency. Doge Burger is a new virtual restaurant in Dubai, the United Arab Emirates’ most populated city. The eatery bills itself as the “first online, Dogecoin-inspired e-commerce platform.” Rocket […]

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Linkstorage Awarded Chainlink-Filecoin Joint Grant To Create Blockchain Data Storage Protocol

In 2021, Chainlink and Filecoin launched a joint grant initiative to accelerate the development of hybrid smart contracts that combine Chainlink decentralized oracles and Filecoin decentralized storage within a single application. The joint grant initiative supports teams building hybrid smart contract applications powered by tamper-proof file storage and universal connectivity. In essence, these co-sponsored grants […]

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Rep Sherman Likens Crypto to Cocaine Production Ahead of Joint Congress Hearing

Sherman has argued that the U.S. does not need to lead on cryptocurrency innovation.

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Tether files lawsuit against Swan Bitcoin over joint venture dispute

Tether confirmed to Cointelegraph that it had sued Swan Bitcoin over alleged contract breaches in a joint Bitcoin mining venture.

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Iran-Russia Trade Settlements Exceed 60% in National Currencies, Says Joint Chamber Chief

Iran and Russia have increased cooperation and settled more than 60% of their bilateral trade in the Russian ruble and the Iranian rial, according to the chairman of Iran-Russia Joint Chamber of Commerce. The two countries have ramped up their de-dollarization efforts with Iranian President Ebrahim Raisi calling for the Central Bank of Iran to [...]

The post Iran-Russia Trade Settlements Exceed 60% in National Currencies, Says Joint Chamber Chief appeared first on Crypto Breaking News.

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US House to Hold Joint Hearings on Digital Assets

The House Financial Services Committee, Agriculture Committee, and subcommittees will hold joint hearings in May on establishing a bill to provide regulatory clarity to the digital asset ecosystem. The hearings will focus on addressing the market structure and striking a balance between protecting consumers and promoting responsible innovation. The goal is to report a bill out that deals with the capital raising piece for digital assets, all the way through to how a product can go from a securities regime to commodities regime, while preserving rights around products that do not fit into either regime. (Read More)

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