SEC Requests Consideration of Terra Ruling in Binance Case

by Александр Пирогов | Jan 5, 2024 | Blog News

The United States Securities and Exchange Commission (SEC) has filed a motion in federal court urging the judge to consider a summary judgment in its case against cryptocurrency exchange Binance. The SEC referenced a recent ruling in a case against Terraform Labs and...

Bitcoin tumbles amid Cautions on Bitcoin Spot ETF SEC Rejection

by Александр Пирогов | Jan 4, 2024 | Blog News

Matrixport’s cautious stance on the approval of Bitcoin Spot ETFs (Exchange Traded Funds) by the SEC projects a potential rejection in January 2024. The statement suggests hedging long exposure due to SEC Chair Gensler’s skepticism towards...

South Korea’s Financial Regulator Proposes Restriction on Crypto Purchases with Credit Cards

by Александр Пирогов | Jan 4, 2024 | Blog News

South Korea’s Financial Services Commission (FSC) has proposed an amendment to the credit finance act, aiming to prohibit citizens from using credit cards for cryptocurrency purchases. The amendment intends to limit local traders from buying cryptocurrencies on...

G-7 Summit Highlights: Global Order, AI Regulation, and Regional Crises in Focus

by Александр Пирогов | Jan 4, 2024 | Blog News

The G-7 summit, under Italy’s presidency, has identified key priorities, including restoring respect for the international order amid crises in Ukraine and the Middle East. Italy aims to play a pivotal role in the Indo-Pacific region to strengthen political,...

exaBITS Launches Accelerated Decentralized Computing Network for Affordable AI

by Александр Пирогов | Jan 4, 2024 | Blog News

exaBITS has introduced the world’s first accelerated decentralized computing network, aiming to revolutionize affordable AI. The platform pools global GPU resources, optimizing their usage to significantly reduce the cost of training and deploying large AI...

South Korea Excludes Crypto Assets in Decentralized wallet from Reporting

by Александр Пирогов | Jan 4, 2024 | Blog News

South Korean tax authorities have clarified that crypto assets stored in non-custodial and decentralized wallets are excluded from overseas financial account reporting. This exemption applies to virtual assets held in wallets like Metamask and Ledger. The...