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Coinbase strikes back! Petitions Court to Force SEC to Clarify Cryptocurrency Regulations

Coinbase, the leading cryptocurrency exchange in the United States, officially launched a “counterattack” against the US Securities and Exchange Commission (SEC) on Monday (24th), requesting the federal court to force the SEC to respond to Coinbase’s request for “clarifying cryptocurrency regulations.” Coinbase sent a so-called “rulemaking petition” to the SEC in July last year, asking …

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“Hong Kong Web 3.0 Association” is officially established!

The Hong Kong government has been actively promoting the development of the Web3 ecosystem recently, and the “Hong Kong Web3.0 Association”, which is composed of a number of Chinese and Hong Kong financial technology companies, industry leaders, and legislators from the innovation and technology industry, was officially established today (11th), aiming to fully develop Web3 …

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GUCCI enters the Otherside Metaverse strongly

Fashion giant Gucci announced that it has officially entered into a partnership with Yuga Labs, the company behind the well-known NFT project “Boring Ape (BAYC)”, in order to further enter the NFT field. According to foreign media “Business of Fashion” reports, Gucci announced on Monday that it has established a long-term partnership with Yuga Labs, …

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“Binance Industrial Recovery Fund” comes in handy! 980 million BUSD to buy all BTC, ETH, BNB

Two cryptocurrency-friendly banks have collapsed one after another, and Binance has resolutely taken on the task of “savior”? CEO Changpeng Zhao (CZ) announced major news on Twitter earlier, saying that Binance will invest all the remaining funds in the “US$1 billion Industrial Recovery Fund” to buy Bitcoin, Ethereum, and Binance Coin. Zhao Changpeng pointed out …

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Blockbooster Web 3.0 Social Metaverse Hackathon to be held in Hong Kong, April 7-9, 2023

Web 3.0 [email protected] will be held on the campus of HKU from April 7th to 9th, 2023. The theme of the first event is “Into the Social Metaverse”, which is a hackathon focusing on the Web3 social application layer. The event was co-hosted by BlockBooster, OKX, Gitcoin, and the Hong Kong university student blockchain community, …

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Another big thunder caused a huge market shock? Silvergate crumbling

On March 1, crypto-friendly banking group Silvergate Capital announced it would delay filing its annual 10-K report, (the 10-K report is a document required by the U.S. Securities and Exchange Commission that provides a comprehensive overview of a company’s business and financial condition.) and It will take another two weeks to complete reporting for the …

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Binance to apply for Singapore license for second time

According to a report from Nikkei Asia, Binance intends to make another attempt to apply for a cryptocurrency service license in Singapore. In the past, in 2020, the Binance Singapore entity also applied to the authorities for a license to operate a cryptocurrency exchange, but later withdrew its application the following year. The company said …

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