Block Earner Faces Legal Action for Unlicensed Crypto Lending in Australia

by Александр Пирогов | Feb 14, 2024 | Blog News

The Federal Court of Australia has ruled against Block Earner, also known as Web3 Ventures Pty Ltd, for offering its ‘Earner’ cryptocurrency lending product without obtaining the required Australian Financial Services License. However, the court allowed...

Chamber of Digital Commerce Supports Hermès in MetaBirkins Case

by Александр Пирогов | Feb 14, 2024 | Blog News

The Chamber of Digital Commerce (CDC), a prominent blockchain and digital asset trade association, filed an amicus curiae brief in support of French design house Hermès in its legal battle against artist Mason Rothschild over the creation of “MetaBirkins”...

JPMorgan Survey Reveals Institutional Confidence in AI for Trading, Decline in Interest in Cryptocurrency

by Александр Пирогов | Feb 14, 2024 | Blog News

In a recent survey conducted by JPMorgan, institutional investors expressed strong confidence in the role of artificial intelligence (AI) and machine learning (ML) in the future of trading. Of the 4,010 institutional traders surveyed across 65 countries, 61%...

U.S. Treasury Raises Alarm on Cryptocurrency’s Role in Illicit Finance

by Александр Пирогов | Feb 14, 2024 | Blog News

The U.S. Treasury, through Under Secretary Brian Nelson, is set to address House lawmakers in an upcoming congressional hearing, voicing significant concerns over the exploitation of cryptocurrencies for illicit financial activities. This move shows a growing focus on...

Blockchain Association Opposes Senator Warren’s Digital Asset Regulation Bill

by Александр Пирогов | Feb 14, 2024 | Blog News

The Blockchain Association (BA) has voiced its opposition to Senator Elizabeth Warren’s proposed Digital Asset Anti-Money Laundering Act (DAAMLA) in a letter signed by eighty individuals, including former U.S. government and military officials. The letter, addressed...

Crypto Finance (Deutschland) Receives BaFin Licenses

by Александр Пирогов | Feb 13, 2024 | Blog News

Crypto Finance (Deutschland), a subsidiary of Crypto Finance Group regulated by FINMA, has secured four licenses from BaFin, the German Federal Financial Supervisory Authority, enabling it to offer regulated digital asset trading, settlement, and custody services for...