Business

The people and companies shaping the crypto industry.

NewsEditors’ PicksBusinessArtificial IntelligenceTechnologyNFTsCoinsDeFiGamingMarketsOpinionOur Company

Business

Sam Bankman-Fried Trial: All the Names You Need to Know

The ex-CEO and co-founder of the collapsed digital asset exchange and megabrand FTX Sam Bankman-Fried’s trial starts next week in New York’s Southern District. Bankman-Fried will face seven criminal charges relating to his company last year blowing up in what James Bromley, counsel to FTX’s new management, described as the “one of the most abrupt and difficult collapses in the history of corporate America.” Although Bankman-Fried—also known as SBF—will be the star of the show, there’s a whole h…

by Mat Di Salvo · 5 min read

Sep 28, 2023

Business

Ethereum Futures ETF to Begin Trading as Rumors Swirl of Accelerated SEC Approvals

After years of anticipation, the United States’ first Ethereum (ETH) exchange-traded fund now appears primed to hit the US market, making its way past heretofore strict and scrupulous market regulators. On Thursday, $80 billion asset manager VanEck confirmed the “upcoming launch” of its VanEck Ethereum Strategy ETF (EFUT) – an actively managed fund that will invest in futures contracts for the world’s second-largest cryptocurrency. “The Fund will invest in standardized, cash-settled ETH futures…

by Andrew Throuvalas · 3 min read

Sep 28, 2023

Business

Coinbase Rolls Out Futures Trading for Retail Crypto Traders Globally

Crypto exchange Coinbase announced this Thursday that its global arm, Coinbase International Exchange, secured approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures to qualified non-U.S. retail customers. According to the blog post, Coinbase plans to launch its regulated perpetual futures contracts on its Coinbase Advanced platform “in the coming weeks.” This announcement aligns with the firm’s “Go Broad, Go Deep” strategy, which notably emphasizes collaboration with regu…

by Mattis Meichler · 2 min read

Sep 28, 2023

Business

Binance Chief Says Former Russia Unit CommEx ‘Does Not Service US or EU Users’

All of Crypto Twitter has eyes on the latest deal between Binance and its regional unit CommEx. As such, Binance CEO Changpeng “CZ” Zhao took to Twitter this morning to provide additional clarification surrounding the exchange’s sale of its Russian unit CommEx. Some answers about Binance/CommEx. There will be crypto transfers between Binance & CommEx as users migrate with their funds. There are also older transactions during the testing phase of the integrations. This is expected. A few ex-Bina…

by Mattis Meichler · 2 min read

Sep 28, 2023