LSE To Launch Crypto ETNs In May
Philippines Blocks Binance, Fantom Unveils Shared Sequencer Called Sonic, FTX to Sell Anthropic Shares
Welcome to Coinfeeds Daily Digest! Today we cover the Philippines SEC blocking access to Binance, quoting the exchange not having the necessary license, and the U.S. SEC seeking $2 billion in fines from Ripple Labs in a case that started back in 2020. The bankruptcy estate of FTX is to sell a majority stake in its AI startup Anthropic for $884 million to a group of investors led by Abu Dhabi's sovereign wealth fund subsidiary. Fantom is rolling out an Opera network-based shared sequencer scaling platform called Sonic that is claimed to be able to handle 2000 TPS.
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LSE To Launch Crypto ETN Market In May
Issuers interested in establishing a Bitcoin ETN on the LSE's Main Market will need to submit their applications by April 15, 2024. This process is part of the LSE's broader efforts to attract issuers and investors by providing a regulated platform for digital assets. The move is also aligned with the U.K. government and regulators' ambition to establish the country as a crypto-friendly hub. | Read More
Philippines SEC Blocks Binance Access
The SEC's primary concern is the protection of Filipino investors from the potential risks associated with using unlicensed platforms like Binance. By operating without a license, Binance has been bypassing the regulatory framework designed to safeguard investors' interests. | Read More
SEC Seeks $2B in Fines from Ripple Labs
The SEC is seeking a staggering $2 billion in fines and penalties from Ripple Labs, marking a pivotal moment in a legal battle that has been unfolding since December 2020. The case began with the SEC accusing Ripple of raising $1.3 billion through the sale of XRP, alleging that these sales constituted an unregistered security offering. | Read More
FTX to Sell Anthropic Shares for $884M
The sale involves the transfer of the majority of FTX's shares in Anthropic to approximately two dozen institutional investors. Leading the pack is ATIC Third International Investment Company, a subsidiary of Abu Dhabi's sovereign wealth fund, which alone is purchasing shares worth $500 million. | Read More
Fantom Unveils Sonic for Faster Blockchain Transactions
Sonic is not just another blockchain; it's designed to revolutionize how transactions are processed across different chains, boasting an impressive capability of handling 2,000 transactions per second (TPS) with sub-second finality. Sonic represents a significant leap from the Opera network, focusing on scalability across dApps. | Read More