In a significant development within the cryptocurrency sector, the U.S. Department of Justice (DOJ) is reportedly considering appointing Sullivan & Cromwell as the independent monitor for Binance. This consideration follows the law firm’s involvement in FTX’s bankruptcy proceedings, sparking debates about potential conflicts of interest due to its role as FTX’s bankruptcy attorney. The situation complicates as the DOJ scrutinizes Sullivan & Cromwell’s capability to impartially manage its duties amidst its prior associations with Binance’s rival, FTX. Legal expertise under scrutiny amid ..read more

The UK is poised to implement a new law by mid-2024, regulating cryptocurrency and stablecoins, as announced by Economic Secretary of the Treasury, Bim Afolami, during the Innovate Finance Global Summit. This legislation aims to establish the UK as a leading destination for crypto businesses by introducing a comprehensive regulatory regime. The framework will cover various aspects of the crypto industry, including exchange operations and custodial services, ensuring market fairness and protecting consumer interests. FCA to enhance oversight with upcoming consultation The Financial Conduct Auth ..read more

Renowned for his award-winning compositions in music, Hans Zimmer has crafted an anthem for the divisive tech magnate and TRON creator Justin Sun. Zimmer, whose illustrious career includes creating iconic scores for films such as Gladiator, The Last Samurai, Pirates of the Caribbean series, The Dark Knight trilogy, Inception, Man of Steel, Interstellar, Dunkirk, and No Time to Die, has now lent his talents to the TRON Anthem for Justin Sun. Known for his bold and outspoken nature, Sun is a prominent figure in the world of cryptocurrency as the brain behind TRON, although opinions on whether he ..read more

During the first quarter, the trading volume of futures and spot of Bitget, a cryptocurrency exchange, reached $1.4 trillion and $160 billion, respectively. This represented a growth from the statistics of the year earlier as futures and forwards were set at $658 billion, whereas spot deals amounted to $59 billion for this period. The exchange disclosed in its Q1 2024 report released on April 11 that its user base has grown to over 25 million on the trading platform and Web3 wallet. The report pointed out that the cryptocurrency in the first quarter of 2024 would be full of significant milesto ..read more

Riyadh, Saudi Arabia – 05/02/24 We TraiCon Events will be hosting Saudi Arabia’s premier fintech event titled as “Fintech Revolution Summit” scheduled on 29th & 30th April 2024 at Riyadh, Saudi Arabia – A Leading Financial Hub of MENA.  This summit aims to bring together 500+ BFSI experts & fintech leaders to discuss and deliberate the trends around financial technology and investment opportunities for the finance sector. This dedicated event is the best opportunity to discover Saudi Vision 2030 goal to become a cashless kingdom. A core aim of Vision 2030 is to accelerate Saudi Ar ..read more

Central securities depository, Clearstream, affiliated with Deutsche Börse Group, is set to participate in the European Central Bank’s (ECB) pilot tests for a digital euro, specifically focusing on the wholesale central bank digital currency (CBDC) segment. About Clearstream Clearstream, the operator of the D7 post-trade infrastructure, stands out as the sole central securities depository (CSD) involved in the initial stage of the ECB’s “preparatory” experiments. Besides running a German CSD, it also manages LuxCSD in Luxembourg and an international CSD. Jens Hachmeister, the head of issuer se ..read more

Bill Morgan, a prominent figure within the Ripple community, has embarked on a mission to dismantle the persistent myths surrounding XRP, Ripple’s native token. Through rigorous analysis and evidence-based counterarguments, Morgan aims to steer the community towards more constructive dialogues. His efforts focus on addressing widespread misinformation in three critical areas, ultimately fostering a more informed and rational discussion among XRP enthusiasts. Morgan first tackles the misconceptions surrounding Ripple’s management of XRP distributions. Contrary to claims that Ripple’s actions ne ..read more

Charles Hoskinson, the brain behind the Cardano blockchain, has notably declined an offer to engage in a public discussion with Ben Armstrong, a renowned cryptocurrency analyst and YouTuber known as BitBoy Crypto. This decision follows Armstrong’s critical review of Cardano (ADA), where he unfavorably compared it to other blockchains such as Solana (SOL) and Toncoin (TON), sparking a wave of discussions among cryptocurrency enthusiasts. Cardano’s strategic focus amid criticism Despite Armstrong’s critique, which claimed Cardano is lagging in terms of price performance and user engagement, Hosk ..read more

Global Blockchain Show Dubai, set for April 16–17, 2024, at the opulent Grand Hyatt Dubai, is a grand blockchain event organized by VAP Group. With an anticipated attendance of over 10,000, the largest blockchain exhibition venue of 12,000 sqm aims to provide interactions, learnings, and collaborations with industry experts, startups, and leading companies. Featuring 300 presenters from the Web3 ecosystem, this show promises an overall exploration of the latest blockchain trends. Renowned speakers include H.E. Justin Sun, CEO at TRON DAO, Lennix Lai, Chief Commercial Officer at OKX; Dominic Wi ..read more

VAP Group organizes Global AI Show on April 16-17, 2024, at the Grand Hyatt, Dubai. The largest AI exhibition venue of 12,000 sqm is set to host over 300 speakers, featuring Sophia,  Humanoid Robot as the official AI brand ambassador by Hanson Robotics. Over 300 elite-class tech luminaries will be present as speakers, offering a unique opportunity to delve into the world of artificial intelligence. The show will provide knowledge exchange opportunities through engaging discussions, project exhibitions, and interactive sessions. Attendees will discover the latest advancements, connect with ..read more