CoinQue Chronicles
Web3 Market News At a Glance:
Weekly round-up of the most exciting pieces of news from the ??cryptocurrency??, ??blockchain??, and ??Web 3.0?? space ??
Valkyrie Submits Application for a Bitcoin ETF: Coinbase Included as Counterparty
As anticipated, cryptocurrency manager Valkyrie recently submitted an application for a Bitcoin ETF and included Coinbase as a counterparty in the Surveillance Sharing Agreement (SSA). In addition, in order to comply with US Securities and Exchange Commission (SEC) standards, the company included the SSA after receiving similar deposits. Read more
Ton Blockchain Introduces On-Chain Encrypted Messaging Feature
TON blockchain, a network developed by the TON Foundation, has recently unveiled a new on-chain encrypted messaging feature, allowing users to send private messages within the network. With the introduction of the encrypted messaging feature, users can now send securely encrypted and readable messages only to the intended recipient. Read more
Gemini’s Winklevoss Demands $1.47 Billion Payment From DCG in ‘Final Offer’
Cameron Winklevoss, co-founder of crypto exchange Gemini, issued a “final offer” to Barry Silbert, founder of Digital Currency Group (DCG), to repay a total debt of $1.46 billion or risk a lawsuit. In an open letter Winklevoss said that the “games are over” — with Gemini Earn users still stuck in limbo with over $1.2 billion of assets stuck in Genesis Global, which DCG owns. Read more
Denmark Orders Saxo Bank To Get Rid of Its Crypto — For Now
In Denmark, the financial regulator has instructed Saxo Bank to scrap its crypto holdings due to their unregulated status in the country. The Danish Financial Supervisory Authority (FSA) said that the investment bank traded a crypto portfolio as a hedge for its own digital asset products. However, such activity violates the regulations outlined in the Financial Business Act. Read more
Binance.US Loses Over 20% Market Share Amid SEC’s Indictment
The market share of US-based crypto exchange Binance.US has reportedly dropped over 20% in the past couple of weeks. It it might be safe to say that this situation is not unrelated to the exchange’s recent run-in with federal regulators. This follows after the United States Securities and Exchange Commission (SEC) recently filed a suit against Binance.US, Binance, and CEO Changpeng Zhao (CZ). Read more
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