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Binance faces more pain as the plan to be regulated in the U.K. falls through
Binance is set to endure more pain as its plan to get regulated in the United Kingdom as a replacement for the United States falls through. A report from its regional manager indicates that the exchange has had to de-register with the FCA but assured users that the process does not have an operational impact as it never did any regulated business in the U.K.
Britcoin launch inches closer as Rosalind CBDC tests prove successful
Brits are set to receive Britcoin, a Central Bank Controlled Digital Currency (CBDC), as the Bank of England gets wowed by the potential of digital currencies. Following a successful trial study called Project Rosalind, BoE is more confident than ever in the functionality of Britcoin.
Do Kwon denies forging legal documents, blames Chinese agency
Do Kwon, the former CEO of the collapsed crypto empire Terra Ecosystem has told a court in Montenegro that he is innocent of using forged documents. Kwon expressed that he was unaware of his travel documents being fake.
Binance woes increase as it is forced to exit Dutch market
Binance has assured investors and regulators worldwide that it’s working hard to comply with new regulations like MiCA after being forced to leave the Dutch market. It says that it’s working hard to ensure that its business is fully MiCA compliant
BlackRock Bitcoin ETF attracts controversy
A BlackRock Bitcoin ETF has sparked controversy among the crypto community as they determine if the $10T asset manager is their savior or doom. BlackRock is known to own large amounts of shares in most public companies.
US government agencies hit by a global cyberattack
The US government is investigating the impacts of a massive countrywide cyber attack that has targeted several of its official agencies. The US Cybersecurity and Infrastructure Security Agency says it is supporting several federal agencies that have experienced intrusions affecting their MOVEit applications.