Just months after the U.K.’s Financial Conduct Authority (FCA) said Binance should not be operating in the country, the world’s largest crypto exchange said it has hired staff and plans for file for regulatory approval. CEO Changpeng “CZ” Zhao told the Sunday Telegraph that relations have improved since its ban in June. Source link … [Read more...] about Binance Hires in UK, Plans to Seek FCA Approval for Launch: Report
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FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report
FTX CEO Sam Bankman-Fried is looking to raise a total of $1.5 billion for the global cryptocurrency derivatives exchange and U.S. affiliate, FTX.US, The Information reported Friday, citing two unnamed sources “with knowledge of the matter.”The funding round would potentially value FTX at $32 billion and FTX.US at $8 billion, the article said, citing one of the sources. FTX did … [Read more...] about FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report
OCC Wants Banks to Seek Permission Before Offering Crypto Services
The Office of the Comptroller of the Currency (OCC) wants banks to be very sure they can provide crypto services before they do so. The federal bank regulator published an interpretative letter Tuesday telling banks to be very clear they can comply with existing regulations around stablecoins and other cryptocurrency services if they want to begin offering custody or node … [Read more...] about OCC Wants Banks to Seek Permission Before Offering Crypto Services
Ubisoft will seek to invest in and create blockchain games
Ubisoft, one of the world’s largest video game companies — responsible for creating popular franchise games such as Assassin’s Creed, Far Cry and For Honor — hosted its Q2 earnings call this week, where blockchain was a key topic of discussion.Alongside reporting a 15% increase in unique active players in the first half of the year compared with 2020, and the fact that … [Read more...] about Ubisoft will seek to invest in and create blockchain games
IBM, Nomura Research seek blockchain use in plastic recycling
An effort started in April saw IBM Japan and Mitsui Chemicals develop a framework for the use of blockchain in tracing plastic waste Tokyo-based firms IBM Japan, Mitsui Chemicals and Nomura Research Institute (NRI) have formed a consortium that seeks to find out how best to use blockchain technology in providing safe recycling of plastic. A press statement from Nomura notes … [Read more...] about IBM, Nomura Research seek blockchain use in plastic recycling