Venture capitalist Kevin O’Leary says that a major crypto exchange is being set up to launch in the Middle East. In a new Fox Business interview, O’Leary says that the hostile regulatory climate in the United States is letting innovative crypto firms slip away from the country. The Shark Tank star says that instead of […]
The post Shark Tank’s Kevin O’Leary Says New Regulatory-Compliant Crypto Exchange Set To Replace Binance and FTX appeared first on The Daily Hodl.

Shark Tank’s Kevin O’Leary Says New Regulatory-Compliant Crypto Exchange Set To Replace Binance and FTX

In a recent development within the cryptocurrency space, prominent crypto-focused Chinese reporter Colin Wu made a noteworthy observation concerning the fast-growing meme coin Floki.  In a post on the X platform, Wu revealed that Floki had its official multi-signature address (0x17e) execute a significant transaction. Specifically, he highlighted that 15.8 billion FLOKI tokens, equivalent to […]
The post Why Did FLOKI Move 15.8B Tokens to DWF Labs-Linked Binance Wallet? appeared first on Coin Edition.

Why Did FLOKI Move 15.8B Tokens to DWF Labs-Linked Binance Wallet?

With the latest launch on the BNB Chain, Chainlink's CCIP becomes operational on as many as seven blockchains.

Chainlink CCIP integrates with Binance: Assessing LINK’s response


                    
                    Ether futures ETFs to debut in the United States, Sam Bankman-Fried’s trial to begin and 3AC co-founder Su Zhu arrested.
                    Top Stories This WeekEthereum futures ETFs to start trading next weekInvestment firm Valkyrie will start offering exposure to Ether futures in the coming days. On Sept. 28, the firm told Cointelegraph that its Bitcoin Strategy ETF will allow investors access to Ether and Bitcoin futures under one wrapper, making it one of the first firms to do so amid several pending applications with the U.S. Securities and Exchange Commission. Starting Oct. 3, the funds name will be updated to the Valkyrie Bitcoin and Ether Strategy ETF. Asset manager VanEck also disclosed its upcoming Ethereum Strategy ETF, which will be listed on the Chicago Board Options Exchange in the coming days. Analysts suggested that a potential U.S. government shutdown might have accelerated the launch of Ether futures ETFs.SBF trial dates revealed: FTX founder to stand trial over 6 weeksFormer FTX CEO Sam SBF Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will begin in earnest on Oct. 4 and last until Nov. 9, according to a newly released trial calendar posted to the public court docket. The first official date of the Bankman-Fried trial is Oct. 4, where the participants will begin discussing seven fraud charges laid against SBF. There are two substantive charges where the prosecution must convince a jury that Bankman-Fried committed the crime. Five other conspiracy charges involve the prosecution convincing a jury that Bankman-Fried planned to commit the crimes. The former FTX CEO has been serving pre-trial detention at the Brooklyn Metropolitan Detention Center since Aug. 11. If considered guilty of fraud, Bankman-Fried is likely to spend the rest of his life in prison, legal specialists explained to Cointelegraph.3ACs Su Zhu arrested in SingaporeCo-founder of Three Arrows Capital (3AC) Su Zhu was detained at Changi Airport in Singapore while trying to leave. Teneo, the joint liquidator of the now-bankrupt hedge fund, told Cointelegraph that Zhus arrest followed a committal order from the Singapore Courts, which is a directive used to imprison someone for contempt of court. On Sept. 25, Teneo secured this committal order, alleging that Zhu didnt comply with a court order. His arrest is part of an ongoing investigation to retrieve funds for 3ACs creditors. The $10 billion hedge fund crashed in 2022 due to the collapse of the Terra ecosystem. A similar committal order was granted against Kyle Davies, also co-founder of 3AC. His whereabouts remain unknown.Binance urges users to convert euros to USDT after Paysafe debankBinance has warned its European users to convert their euro (EUR) balances to Tether by Oct. 31 due to the loss of support from its banking partner, Paysafe. Paysafe ceased processing EUR deposits for Binance users on Sept. 25. While EUR withdrawals to bank accounts remain available, Paysafe users wont be able to engage in EUR spot trading. Binances token swap feature, Binance Convert, will also restrict EUR transactions. Paysafe previously facilitated fiat deposits and withdrawals for Binance users in Europe, including via bank transfer in the European Unions Single Euro Payments Area. The move is the latest to add to Binances regulatory and debanking woes in the West.SEC delays spot Bitcoin ETF decision for BlackRock, Invesco and BitwiseThe U.S. Securities and Exchange Commission has again postponed its decision on several spot Bitcoin ETF applications, including those from BlackRock, Invesco, Bitwise and Valkyrie, ahead of a potential government shutdown. Bloomberg ETF analyst James Seyffart anticipates similar delays for Fidelity, VanEck, and WisdomTree. These delays came two weeks before the applicants expected second deadline. Seyffart links the premature delays to an anticipated U.S. government shutdown on Oct. 1, which would impact financial regulators and federal agencies.Winners and LosersAt the end of the week, Bitcoin (BTC) is at $26,895, Ether (ETH) at $1,667 and XRP at $0.53. The total market cap is at $1.07 trillion, according to CoinMarketCap.Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Compound (COMP) at 23.71%, Chainlink (LINK) at 15.12% and THORchain (RUNE) at 14.51%. The top three altcoin losers of the week are Immutable (IMX) at -9.80%, UNUS SED LEO (LEO) at -5.38% and XDC Network (XDC) at -4.61%.For more info on crypto prices, make sure to read Cointelegraphs market analysis.      Read also                                                                              Features                            Why are crypto fans obsessed with micronations and seasteading?                                                                                                                    Features                            Blockchain Startups Think Justice Can Be Decentralized, but the Jury Is Still Out                                            Most Memorable QuotationsYou [Gary Gensler] are kneecapping the U.S. capital markets with the avalanche of red tape coming out of your commission.Andy Barr, U.S. representativeA central bank that introduces a CBDC should increase the choices for society, not diminish them.”Agustn Carstens, general manager at the Bank of International SettlementsLooking like the SEC is gonna let a bunch of #Ethereum futures ETFs go next week potentially.James Seyffart, analyst at Bloomberg IntelligenceDo you think its possible for you [Gary Gensler] to serve as an impartial regulator and not favor large financial intermediaries?Tom Emmer, U.S. representative[Stablecoins] will be a big driver of economic freedom in the decade ahead.Jesse Pollak, head of protocols at CoinbaseThe symbiosis between street art and Bitcoin is a powerful one. By working together, these two movements help to create a more just and equitable world.Street, pseudonymous co-founder of the Street Cyer artist collectivePrediction of the Week Bitcoin shorts keep burning as BTC price seeks to hold $27KBitcoin (BTC) bounced around $27,000 on Sept. 29 as a challenge to month-to-date highs dragged BTC price action upward. Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency attempting to hold gains after a classic short squeeze.The day prior offered a trip past the $27,000 mark, with Bitcoin bulls unable to seal a fresh peak for September. Topping out at $27,300 on Bitstamp, BTC price strength returned to consolidate, still up 4% versus the weeks low at the time of writing.Analyzing the situation on low timeframes (LTFs), popular pseudonymous trader Skew said that the upside had come courtesy of derivatives markets, with spot traders selling at the highs. LTF stuff but pretty clear spot absorption around the high so $27.2K is an important price area to clear for spot buyers, he explained on X (formerly Twitter).Skew subsequently noted that $27,200 remained a rejection point on the day, ahead of the Wall Street open. Going into next week, he added, the market was likely to hunt both sides of the book.FUD of the Week Ben BitBoy Armstrong arrested on livestream over Lambo disputeCrypto influencer Ben Armstrong, formerly known as BitBoy, was arrested on Sept. 25 while livestreaming outside a former business associates house, claiming the associate had his Lamborghini. He was charged with loitering/prowling and simple assault by placing another in fear and was held for over eight hours before being released on a $2,600 bond and $40 in fees. In Georgia, the misdemeanor charges of loitering and prowling could result in a fine of up to $1,000, up to one year in jail, or both.Crypto exchange claiming $1.4B trading volume uses reportedly fake license dataAn investigation by Cointelegraph revealed that several cryptocurrency platforms, reporting significant daily trades on CoinMarketCap, may have provided misleading information about their crypto licenses. Bitspay, for instance, which has a daily trading volume of $1.4 billion on CoinMarketCap and ranks as the fourth-largest crypto exchange, claimed to be licensed in Estonia. However, after inquiries by Cointelegraph, Bitspay quickly removed the potentially false license data and no longer provides details about its registration or licensing.Huobi Global hacked for $7.9M: ReportHuobi Globals HTX crypto exchange was hacked on Sept. 24, according to a report from blockchain analytics platform CyVers. A total of $7.9 million of crypto has been drained in the attack. A known Huobi hot wallet posted a message to the attacker in Chinese. According to the message, the exchange knows the identity of the attacker and has offered to let them keep 5% of the drained funds as a white-hat bonus, but only if the attacker returns the remaining 95%. Binance CEO Changpeng CZ Zhao offered the help of the exchanges security team in investigating the attack.Blockchain detectives: Mt. Gox collapse saw birth of ChainalysisFrom solving Mt. Gox to tracing crypto used by child abuse syndicates in Korea, Chainalysis has a long but sometimes controversial history.US govt messed up my $250K Bitcoin price prediction: Tim Draper, Hall of FlameTim Drapers first big Bitcoin prediction came off without a hitch, but he says the current administration is making his second one look bad.China dev fined 3 yrs salary for VPN use, 10M e-CNY airdrop: Asia ExpressChinese national fined three years’ salary for using VPN for remote work, Hangzhou airdrops 10M digital yuan, JPEX alleged Ponzi nears $200M, and more.    Subscribe    The most engaging reads in blockchain. Delivered once a        week.         Email addressSUBSCRIBE    

Ether futures ETFs launching, SBF trial to begin and 3AC’s Su Zhu arrested: Hodler’s Digest, Sept. 24-30

Paradigm latest to enter the fray against SEC. The venture capital firm claims the regulator is abusing its power. 
Continue reading at DailyCoin.

Paradigm Accuses SEC of Overstepping Authority in Binance Case

Paradigm holds a steadfast belief that the SEC is overstepping its regulatory authority and has expressed strong opposition to this approach.
The post Paradigm Accuses SEC of Sidestepping Rules in Case Against Binance appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.

Paradigm Accuses SEC of Sidestepping Rules in Case Against Binance

Crypto exchange Binance announced this week that it would resume its services in Belgium after being told to suspend its services by the Financial Services and Market Authority.

Binance Resumes Services in Belgium After Three Months

The post Another 75 Million XRP Moved by Ripple; AI Altcoin Attracts Bitcoin & BNB Whales appeared first on Coinpedia Fintech News
Looking back as September wraps up, it did come with its fair share of excitement. A noteworthy development earlier in the month was Ripple moving 75 million $XRP for asset redistribution, creating a stir within the crypto community. In reaction to this event, $XRP remains largely unbothered, maintaining modest traction. On the other hand, InQueta …

Another 75 Million XRP Moved by Ripple; AI Altcoin Attracts Bitcoin & BNB Whales


                    
                    Bitcoin remains on track to produce surprisingly solid September performance, but BTC price remains down over 11% in Q3.
                    Bitcoin (BTC) bulls lost their grip on $27,000 into Sep. 30 as the monthly and quarterly close loomed large.BTC/USD 1-hour chart. Source: TradingViewBitcoin braces for three key candle closesData from Cointelegraph Markets Pro and TradingView tracked a cooling off for BTC price action ahead of the key September candle print.The largest cryptocurrency remained up nearly 4% month-to-date, this marking its most successful September since 2016, per data from monitoring resource CoinGlass. BTC/USD monthly returns (screenshot). Source: CoinGlassQuarterly performance for Q3, conversely, showed BTC/USD down 11.5% at the time of writing.BTC/USD quarterly returns (screenshot). Source: CoinGlassFor traders and analysts, everything could change in the final hours of the monthly candle."In the past, a green September resulted in a green October, November and December as well," popular trader Jelle noted in part of the day's X analysis. Will history repeat?"The day prior, Jelle predicted better conditions for Q4, including a breakout past $30,000 for the first time since early August.After months of accumulating coins, and slowly preparing us for the bull market, I think its time.Expecting Q4 to bring new strength -- and a break of $30k.Send it.#Bitcoin pic.twitter.com/vkl0aq5hRS— Jelle (@CryptoJelleNL) September 29, 2023

"Textbook bearish technicals"Monitoring resource Material Indicators meanwhile warned of what it called “textbook” bearish signals from multiple moving averages (MAs) across both longer and shorter timeframes.Related: Bitcoin halving to raise ‘efficient’ BTC mining costs to $30KBeyond the monthly and weekly close, the impending United States government shutdown should continue to suppress BTC price action unless a solution is found in time, it added.We are heading into the last #trading day of the month with textbook bearish Technicals from the Key Moving Averages on Daily, Weekly and Monthly TFs and #TrendPrecognition is flashing a new #TradingSignals on the #BTC Daily chart as if it knows we have a looming U.S.… pic.twitter.com/l9Mm2SHyFu— Material Indicators (@MI_Algos) September 30, 2023

“There is a high probability that killer whales will be amping up the weekend whale games around Daily, Weekly, and Monthly candle closes. Don't get lured into a trap,” part of additional commentary from Material Indicators co-founder Keith Alan read.A snapshot of the BTC/USD order book on largest global exchange Binance showed bid liquidity congregating around $26,800. Sellers meanwhile lay in wait at $27,500.BTC/USD order book data for Binance. Source: Material Indicators/XOthers, such as popular trader Daan Crypto Trades, expected less volatile conditions until immediately before the new week.“We've had volatility last week but open interest has cooled down so I doubt we'll get any strange price action until maybe later on Sunday,” he told X subscribers on the day.An accompanying chart showed the CME Group Bitcoin futures opening and closing prices potentially acting as a magnet for BTC spot price — a common phenomenon.BTC/USD annotated chart. Source: Daan Crypto Trades/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

Crypto research firm Paradigm has filed an amicus brief in the ongoing court case between the US Securities and Exchange Commission (SEC) and Binance, its US affiliate – Binance.US – and the exchange’s global CEO Changpeng “CZ” Chao. Back in June, the US top securities watchdog launched a lawsuit against the defendants, accusing them of […]

Binance Vs. SEC: Paradigm Files Amicus Brief, Accuses SEC Of Regulatory Overreach

The Tron (TRX) DeFi ecosystem has experienced a notable surge in activity, signaling a substantial period of growth and development. This expansion isn’t limited to the realm of decentralized finance alone; recent data underscores a correlated upward trajectory within Tron’s TRX token staking ecosystem. This trend suggests that both DeFi and staking on the Tron blockchain are witnessing increased interest and participation from users and investors, thereby fostering a more robust and dynamic Tron ecosystem. But, there’s more interesting side of the narrative that has provided Tron a major lift. In recent days, Tron has observed a notable uptick in its Total Value Locked (TVL) metric, signifying an increase in the value of assets participating in various activities within the Tron ecosystem. Related Reading: CRV Price Surges 16% – What’s The Next Move For Curve DAO Token? Tron TVL Swells To Over $15 Billion At press time, the TVL associated with TRX has surged to an impressive $15.8 billion, reflecting a substantial growth rate of more than 2% within the span of just 24 hours. Hey #TRONICS! Have you checked out @trondao‘s #DeFi? TVL on the #TRONNetwork is $15.3b! 🚀 Let’s dive in and #BUIDL together! 💪 Source👇 https://t.co/YW3opVO3ZO pic.twitter.com/sr2uL66zB6 — TRON DAO (@trondao) September 28, 2023 This noteworthy upswing in TVL underscores a heightened level of engagement and confidence among users and investors in Tron’s blockchain and associated DeFi protocols. Total Value Locked is a crucial metric in DeFi, representing the total value of assets locked within a specific DeFi platform or protocol, typically measured in US dollars. It encompasses assets used as collateral, liquidity in trading pools, staked tokens for rewards, and governance participation. TVL is essential for assessing a DeFi project’s health, security, and attractiveness to users and investors, and it plays a vital role in risk evaluation and competition analysis within the DeFi ecosystem. TRON market cap currently at $7.8 billion. Chart: TradingView.com TRX Sustains 6% Climb In The Last Week At the time of writing, TRX is trading at $0.088, down a measly 0.1%, but notched a decent 6.0% gain in the last seven days. TRX maintained its remarkable rise on Friday due to an increase in demand for the coin. The token reached its highest point at $0.090 since July 22nd. It is one of the top performing major cryptocurrencies of the year, close to its all-time high of $0.094. Related Reading: Maker (MKR) Inks 20% Price Advance, Leads Top 50 Coins Today Tron stands out as the most active cryptocurrency in the industry, boasting stablecoins valued at over $44.5 billion and a user base exceeding 1.47 million, surpassing Ethereum and BNB Chain. The success of Tron is attributed to the strong performance of USDD, a stablecoin launched in 2022, which has maintained its peg through an over-collateralization strategy. The strong crypto market, with Bitcoin reaching $27,000 and XRP rising to $0.052, also helped TRX price surge. Source: TronScan Meanwhile, TRON’s blockchain has seen significant growth recently. The total number of addresses, based on TronScan data, on TRON reached almost 187 million, and the total transactions surpassed $6.4 billion. Additionally, TRON’s staking ecosystem has been thriving, with the staked amount of TRX reaching 46.8 billion, with 23.12% in Stake 2.0 and 76.88% in Stake 1.0. Stake 2.0’s increasing share indicates its rising popularity in the blockchain space. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock

Tron TVL Balloons To Over $15 Billion: DeFi Growth Evident?


                    
                    Paradigm pointed out that the SEC is attempting to use the concerning accusations in its complaint as a means to alter the law, all without adhering to the established rulemaking process.
                    Paradigm, a crypto venture capital firm, has criticized the United States Securities and Exchange Commission (SEC) for bypassing the standard rulemaking procedures in their current legal action against the cryptocurrency exchange Binance.In a statement released on Friday, Sept. 29, Paradigm pointed out that the SEC is attempting to use the concerning accusations in its complaint as a means to alter the law, all without adhering to the established rulemaking process. Paradigm firmly believes that the SEC is exceeding its regulatory boundaries, and we strongly oppose this tactic, they further stated.Back in June, the SEC initiated a legal action against Binance, accusing them of multiple violations of securities laws, such as operating without the necessary registration as an exchange, broker-dealer, or clearing agency. Paradigm also underscored that the SEC has been pursuing similar cases against various cryptocurrency exchanges lately and voiced apprehension that the SEC's stance "could fundamentally reshape our comprehension of securities law in several critical aspects."Screenshot of Paradigm's amicus brief  Source: ParadigmAdditionally, Paradigm highlighted concerns regarding the shortcomings of the SEC's application of the Howey Test. The SEC often relies on the Howey Test, originating from a 1946 U.S. Supreme Court case involving citrus groves, as a means to determine whether transactions meet the criteria for investment contracts and, thus, fall under securities regulations.In its amicus brief, Paradigm asserted that many assets are actively marketed, purchased, and traded based on their profit prospects. Nevertheless, the SEC has consistently exempted them from being classified as securities. The brief further pointed out instances such as gold, silver and fine art, underscoring that merely having the potential for value appreciation does not inherently classify their sale as a security transaction.Related: Binance Russia buyer tightlipped on owners, denies CZ involvementCircle, the issuer of the USDC Stablecoin, has recently become a participant in the ongoing legal dispute between Binance and the SEC. Circle holds the view that the US SEC should not categorize stablecoins, including BUSD and USDC, as securities.Circle contends that these assets ought not to be categorized as securities, primarily due to the fact that individuals acquiring these stablecoins do not foresee deriving profits solely from their acquisition.Magazine: Crypto regulation: Does SEC Chair Gary Gensler have the final say?

Paradigm accuses SEC of bypassing rules in Binance lawsuit

The post CommEX Says It’s Not Owned by Binance – Here What’s Happening appeared first on Coinpedia Fintech News
In a recent letter addressed to the CommEX community, the cryptocurrency exchange platform has responded to growing concerns about its ownership and its connections to Binance. They wanted to be clear that they bought part of Binance but aren’t owned by Binance and said that transparency is their focus. According to the letter, CommEX’s collaboration …

CommEX Says It’s Not Owned by Binance – Here What’s Happening

The post Binance Gains Support as Paradigm and Circle Slam SEC’s Regressive Approach appeared first on Coinpedia Fintech News
Binance is getting industry support and many took a jab at the SEC’s unprecedented role in suppressing the crypto industry. Paradigm, Circle, and others filed an amicus curiae brief in Binance’s SEC complaint on Sept. 28. All Echoed a similar sentiment that the SEC is middling with law and acting above the Supreme Court. In …

Binance Gains Support as Paradigm and Circle Slam SEC’s Regressive Approach

Crypto venture capital firm Paradigm has lashed out at the U.S. Securities and Exchange Commission (SEC) for circumventing the rulemaking process in their ongoing case against crypto exchange Binance. In a statement on Friday, September 29, Paradigm noted that the SEC is trying to utilize the troubling allegations it presents in its complaint to modify 
The post Paradigm Accuses the SEC of Playing A Witch Hunt Against Binance appeared first on CoinGape.

Paradigm Accuses the SEC of Playing A Witch Hunt Against Binance

The expansion of the IBC into the Binance Smart Chain may generate more opportunities for ATOM to be staked in smart contracts. The CosmosHub has so far registered a sizable uptick in total value locked this year.

IBC to expand to BSC: Anticipating the implications for Cosmos and ATOM

Cosmos, a blockchain where developers can create custom chains that interconnect and communicate, has revealed its roadmap for 2024. According to an X post on September 25, the roadmap centers on increasing modularity, improving the developer experience, addressing “technical debt,” and driving user adoption. With this, Cosmos developers plan to take on the more established platform, Ethereum. Related Reading: Bitcoin Eyes Turnaround: Could A New All-Time High Be On The Horizon? Analyst Predicts At the heart of Cosmos are features such as Tendermint, a consensus system that anchors blockchains such as the BNB Chain; Cosmos SDK, a software developer kit that allows coders to build fluid and custom blockchains; and the Inter-Blockchain Communication (IBC), from where all deployed custom Cosmos chains can connect and communicate, effectively driving interoperability. Cosmos Wants To Repay The Technical Debt And Make Its SDK More Modular In 2024, reading from the roadmap, Cosmos aims to solidify its position by attracting developers from competing platforms as they repay the “technical debt.” In app development, technical debt leads to extra work and can be caused by resource constraints and shifting code requirements.  Cosmos will expand its developer base to repay this debt and make the Cosmos SDK more modular. Although the team claims the SDK has been modular in theory, swapping and modifications have made practical implementation more challenging. Therefore, to tackle these challenges, the work already done on Cosmos SDK will continue into 2024. Then, the goal will be to make the kit more modular at the core. This will make it more adaptable and flexible, meeting developer requirements. Ethereum Is Still Dominant It is yet to be seen whether this will be achievable in 2024 and whether Cosmos will grow as dominant as Ethereum. Currently, Ethereum is the leading smart contract platform, based on its market cap and the total value locked (TVL) in decentralized finance (DeFi). Additionally, its ecosystem of layer-2s has been increasing, with more protocols and blockchains connecting to Ethereum to take advantage of the network’s pioneering activity. Related Reading: MATIC Price Rally Threatened As Whales Deposit Millions Of Tokens To Exchanges DeFiLlama data on September 29 shows that all the top 10 bridges are connected to Ethereum. To illustrate, Stargate–by Cosmos, is connected to Ethereum and multiple blockchains, including Avalanche and the BNB Chain.  Besides Stargate, other bridges are Ethereum Virtual Machine (EVM) compatible and predominantly connect to Ethereum layer-2s and Polygon, the sidechain. For example, the zkSync Era, Base, Arbitrum, Polygon, and the Optimism Gateway, are plugged into Ethereum. Cumulatively, these bridges move millions of dollars worth of tokens to and from Ethereum at any instance. Feature image from Canva, chart from TradingView

Cosmos Has A Grand Plan For 2024: Will It Crush Ethereum?


                    
                    This week’s Crypto Biz explores Kraken’s securities arm, Gemini’s expansion in India, Binance’s return to Belgium, and an oil company in Argentina investing in crypto mining.
                    Cryptocurrency exchanges are adopting alternative strategies to conduct business in the face of tighter crypto regulatory environments worldwide. Signs are everywhere.Kraken is reportedly moving to offer securities trading in the United States and the United Kingdom to expand its reach and compete with popular apps like Robinhood, which offer both crypto and stock trading. On the other hand, Gemini is expanding its presence in India with a $24 million investment in its development center. Another challenge for crypto exchanges has been licensing and communication with regulators. Binance reopened its branch in Belgium this week after a three-month hiatus in the country due to problems with local regulators. Kraken has also expanded its European licenses, and it now provides euro-to-crypto trading services in 27 European Union member states and European Economic Area countries. As crypto regulations evolve, exchanges are adapting to incorporate the practices of a new era.This week’s Crypto Biz explores Kraken’s securities arm, Gemini’s expansion in India, Binance’s return to Belgium and an oil company in Argentina investing in crypto mining.Crypto exchange Kraken plans move into U.S. stock trading: ReportKraken reportedly plans to offer trading services for stocks and exchange-traded funds listed in the United States. The crypto exchange intends to launch its trading services in the U.S. and U.K. in 2024 through a new division called Kraken Securities. The expansion beyond cryptocurrencies would require licensing from the Financial Industry Regulatory Authority and financial regulators in the U.K., which the exchange reportedly already holds. Meanwhile, in Europe, Kraken received an Electronic Money Institution license from the Central Bank of Ireland and a virtual asset service provider (VASP) registration from the Bank of Spain. The Irish license enables Kraken to expand euro-to-crypto trading services to 27 European Union member states and European Economic Area countries. The VASP registration in Spain allows Kraken to offer exchange and wallet custodial services. Cryptocurrency exchange @krakenfx is reportedly planning to expand its services by offering users the ability to trade stocks and ETFs listed in the United States https://t.co/mX0MlXOVkL— Cointelegraph (@Cointelegraph) September 27, 2023

Gemini invests $24 million for expansion in IndiaCryptocurrency exchange Gemini is allocating 2 billion rupees ($24 million) for its expansion in India. The funds will be used to grow the exchange’s development center in Gurgaon, a major satellite city of Delhi. Since its initial launch in May, the Gemini Gurgaon Development Center has expanded to over 70 staff, with active hiring for software engineers, technical product managers, talent acquisition, finance, support and compliance. In supporting the expansion, Gemini cited the Indian government’s “robust support framework that allows startups to thrive.” The move is part of Gemini’s “big plans for international growth this year in APAC.”Crypto exchange Binance reopens exchange services in BelgiumCrypto exchange Binance has reopened registrations and access to products and services for Belgian users again — three months after Belgium’s finance regulator ordered the exchange to cease cryptocurrency-related services. “New registrations of Belgian residents are welcome on our platform once again,” Binance said, adding that various products and services will become accessible again to Belgian users who accept its new Terms of Use in the country. Binance has not disclosed what changes were made to allow it to resume services in Belgium. Elsewhere in Europe, Binance has signaled plans to delist stablecoins for the European market by June 2024 to comply with the European Union’s incoming Markets in Crypto-Assets (MiCA) legislation, which is set to come into effect around that time.Great news for our Belgian community We've now reopened registrations and access to #Binance products and services in Belgium. https://t.co/IActiqYMjm— Binance (@binance) September 25, 2023

Argentine oil company to start mining crypto with gas power leftoversTecpetrol, an oil company based in Buenos Aires, has decided to convert excessive gas into energy for cryptocurrency mining. According to local media reports, Tecpetrol plans to drill at least 35,000 barrels of oil daily at the facility, but given the absence of infrastructure to consume the gas being released in the process, the company decided to explore crypto mining. Tecpetrol hopes to start its mining activities between late October and early November. The primary goals are to reduce environmental impact by avoiding gas emissions and generating additional profits. As part of the plan, it is working with an American company with experience implementing similar strategies.This week’s Crypto Biz explores Kraken’s securities arm, Gemini’s expansion in India, Binance’s return to Belgium and an oil company in Argentina investing in crypto mining.




Crypto Biz: Kraken offers stock trading as exchanges adapt to changing regulations

Circle argues that stablecoins like BUSD and USDC are not investment contracts and fall outside SEC jurisdiction.

Circle Claims Stablecoins are Not Securities in Binance Lawsuit

Despite rumors, CommEX, the company that acquired Binance's Russian business, has denied any connection with Binance

CommEX dismisses rumors, denies connection with Binance

PancakeSwap, the top decentralized exchange (DEX) on the BNB Chain ecosystem, has teamed up with the largest crypto exchange, Binance, to simplify crypto staking for market participants.  In a post on X, PancakeSwap announced partnering with Binance Earn. The notification stated that the alliance has given birth to a crypto-focused project, “Simple Staking,” to revolutionize […]
The post Top BNB Chain DEX PancakeSwap Launches “Simple Staking” with Binance Earn first appeared on The Crypto Basic.