According to a recent filing made on Monday, the leading cryptocurrency exchange Binance wants the U.S. Commodity Futures Trading Commission’s (CFTC) lawsuit against it to be dismissed.In March, the CFTC filed a lawsuit against Binance, its founder Changpeng Zhao, and compliance manager Samuel Lim in an Illinois federal court, alleging that the exchange ran a derivatives trading operation there and gave orders to its American staff to hide their locations in order to circumvent regulations. The Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, requesting that a temporary restraining order be put in place on all funds transferred there.US is the company’s US division.The restraining order, which was described as a “death penalty” by a lawyer for Binance.US, was never implemented because of Binance.The assets and servers of the branch would solely be under the management of its American-based staff, according to a settlement reached by the US and the SEC. As a result of Ripple’s partial victory over the Securities and Exchange Commission earlier in July, perceptions of the American regulatory landscape have changed since that time.This coming Thursday, on July 27, Binance must respond to the CFTC’s complaint.Binance simply requested a 15-page extension due to the intricacy of the issue, the petition did not include any additional details regarding its defense.A separate Motion to Dismiss will also be submitted by Lim, the document states.

Hashdex, a global pioneer in crypto asset management, announced the appointment of Brian Brooks to its Board of Directors. The board has grown from four to five members. Brooks, a representative of Hashdex investor Valour Capital Group, will serve as a strategic advisor, providing counsel on global regulation to advance Hashdex’s global market growth. Hashdex,

The Worldcoin Foundation, co-founded by Sam Altman, Alex Blania, and Max Novendstern, has announced that the protocol migration of the Worldcoin project to the OP Mainnet will be completed on July 24, 2023. One of the driving forces behind this endeavour is Sam Altman, the CEO of OpenAI and the founder of ChatGPT. The project’s

Dogecoin (DOGE) increased by up to 5% in response to Twitter’s makeover on Monday. During the European morning hours, bitcoin (BTC) fell below $29,100, defying the larger market decline. Elon Musk’s Twitter is renaming to X as part of his X.AI artificial intelligence-focused group of enterprises. Musk placed the ticker logo for dogecoin to his

Last week, eleven startups announced funding rounds as venture capital and investment firms invested $201.4 million in cryptocurrency initiatives.The highest deals were a $54 million raise for the metaverse business Futureverse and a $40 million Series A financing for RISC Zero, a provider of zero-knowledge proof tools for developers.This week, infrastructure projects shown their resistance to the crypto winter once again, as evidenced by the six financing rounds that fell into this category: RISC Zero, Cosmic Wire, Manta Network, Echooo Wallet, Side Protocol, and Over Protocol.A growing cryptographic technique for mathematically validating transactions while ensuring anonymity, zero-knowledge technologies are the focus of both RISC Zero and Manta Network. Following the announcement of the deal, the token of one project, RDNT from Binance Labs-backed DeFi lender Radiant Capital, increased by more than 10% to 31 cents. The cryptocurrency-focused company Polychain Capital received $200 million in an initial close for its fourth venture capital fund this week, according to a story in Fortune.These specifics have not been verified by Polychain.The information in the table only pertains to funding rounds when a dollar amount was given.As of Friday, July 21 at 5 p.m. ET, the data was accurate.After that, any deal announced will be included in the roundup the following week.

According to crypto asset management CoinShares, there was a $13 million outflow from bitcoin (BTC) investment products last week, breaking the trend of weeks that saw significant inflows. Instead, investors preferred funds that focused on lesser cryptocurrencies like ether (ETH) and Ripple’s XRP.The entire value of digital asset funds decreased by $6.5 million each week after increasing by $742 million over the preceding four weeks. After some significant catalysts in recent weeks, BTC investors appear to have run out of good news to bid on, which is when the trend reversed.On June 15, the long-desired slot for a BTC exchange traded fund was filed for by the world’s largest asset management company BlackRock.Investors poured money into BTC-focused investment funds over the following month at the quickest rate since October 2021 as a result of the BlackRock revelation.BTC’s price reached a new yearly high earlier this month when XRP partially defeated the U.S. Securities and Exchange Commission (SEC) in court, but it immediately dropped below $30,000.However, the decision increased investor confidence in altcoins, which are alternative cryptocurrencies to bitcoin, as seen by positive capital flows throughout last week. Among all cryptocurrencies, ETH-focused investment products saw the highest inflows, reaching $6.6 million.According to James Butterfill, head of research at CoinShares, the surge indicates that “sentiment, which has been poor this year, is beginning to turn around” for the second-largest crypto asset.Over the past 11 weeks, XRP funds received inflows of $2.6 million, or $6.8 million, or 8% of all inflows into assets under management.This suggests that investors are growing more optimistic about the future of XRP, according to Butterfill.Smaller altcoin holding funds saw positive flows of $1.1 million, $0.7 million, and $0.7 million, respectively, for Solana’s SOL, UniSwap’s UNI, and Polygon’s MATIC.

Alphapo, a payment processor for numerous gambling businesses, revealed a breach of their hot wallets today, July 23, 2023. The hack resulted in a loss of nearly $23 million in Ethereum (ETH), TRON (TRX), and Bitcoin (BTC) coins. The actual amount of Bitcoin stolen is unknown. Alphapo is well-known for handling payments for a variety

The Central Bank of Nigeria (CBN) has shown no signs of abandoning its central bank digital currency (CBDC) programme despite the former governor’s removal about two months ago.The CBDC smartphone app has recently been improved by the central bank by integrating Near Field Communication (NFC) technology, claims local news source The Sun.This improvement makes it possible for mobile devices and payment terminals to communicate while they are close to one another, making contactless and practical eNaira payments possible. The CBN reportedly highlights that the most recent addition of NFC technology will play a vital role in increasing the adoption rates for the CBDC despite the fact that earlier versions had QR codes.According to reports, the CBN’s deputy director for risk management, Joseph Angaye, stated that the banking regulator is committed to using cutting-edge technologies to improve user experience. Angaye reportedly stated that the CBDC would include programmability features, embracing the idea of leveraging cutting-edge technology.He noted that by limiting CBDC payments to specific government programs only, these programmability features could lower the danger of fraud.According to reports, Angaye went on to underline that the programmability of the CBDC enables targeted financial allocation to farmers, enabling certain goals like the purchase of tools.This strategy ensures that the intended usage is strictly followed by making the money put into their eNaira wallet non-divertible for any unrelated uses. According to sources, Angaye emphasized the benefits of CBDCs for retail users in the nation, including reducing settlement risks and facilitating quick transaction processing.He noted that the eNaira’s goal is to solve the problem of financial inclusion, and that Nigeria’s role as a pioneer in the adoption of CBDCs offers useful lessons for other economic players and entities to draw from. Nigeria introduced the eNaira in 2021 to join a select group of nations having a CBDC program.However, adoption rates have fallen short of forecasts, leading the central bank to consider a number of usage-boosting approaches.While integrating USSD capabilities into the service, the central bank released use cases in the transportation sectors.Former CBN Governor Godwin Emefiele attributed poor adoption rates to commercial banks’ suppression of eNaira’s expansion in favor of their own profitability.

Bundle Africa, a significant player in the crypto field, has stated that it will discontinue its exchange services in order to focus on Cashlink, its payment solution for the Web3 ecosystem. The announcement was issued on July 20, 2023, and the last day of operation for the exchange services is slated for September 10, 2023.

According to a court filing, Craig Wright, who claims to be Satoshi Nakamoto, will be able to make his case that the Bitcoin file format should be given copyright protection under UK law after having his appeal against a prior court denial granted by a panel of three UK judges. A UK Court rejected Wright’s argument that he should be able to halt the operation of Bitcoin and the system that branched from it, Bitcoin Cash, because they infringe upon his intellectual property rights on February 8, 2023.A large number of defendants (26 in total) connected to Bitcoin, including developers and several units of the cryptocurrency exchange Coinbase, were the targets of Wright’s lawsuit.Wright asserts that the Bitcoin Satoshi Vision blockchain, which he forked off of another Bitcoin, is the genuine Bitcoin blockchain. “This ruling means the judges only agreed that Dr. Wright should be allowed to argue that the Bitcoin file format is sufficiently well-defined to receive copyright protection under UK law,” said a statement from the Bitcoin Legal Defense Fund, a nonprofit set up by former Twitter chief Jack Dorsey to assist developers facing

Bitget, a prominent crypto derivatives and copy trading platform, has revealed plans to expand into the Middle East, as published on July 20, 2023. The Seychelles-based exchange plans to hire 60 more employees as part of its worldwide scaling strategy to increase crypto adoption among new audiences. The Middle East area, recognised for its booming

The French Central Bank announced recently that its wholesale central bank digital currency (wCBDC) will increase cross-border payments, settlement finality, and security for a wide range of financial assets after undertaking multiple tests utilising crypto-powered technology. “Through these experiments, the Banque de France demonstrates the operational feasibility and practical implementation of the three models it

Following several delays, Indonesia’s new cryptocurrency exchange and clearinghouse is now open for business, the nation’s commodities regulator announced on Thursday.The government had intended for operations to begin by the end of 2021, but delays—the most recent occurring in February—have caused the launch to be delayed.The release states that the long-awaited market has been open since July 17. Given that it is government-approved, the platform is more comparable to a regular stocks market, such as the New York Stock Exchange, Nasdaq, Tokyo Stock Exchange, etc., than to cutting-edge crypto exchanges like Binance or Coinbase. “The establishment of exchanges, clearing houses and managers of crypto asset storage is proof that the government is present in an effort to create a fair and fair crypto asset trading ecosystem to guarantee legal certainty and prioritize protection for the public as customers,” Didid Noordiatmoko, head of the Indonesian Commodity Futures Trading

Binance Venture Capital has invested $10 million in Radiant Capital, a lending and borrowing mechanism based on decentralised finance (DeFi). The increased money will be used to develop technology and products, such as extending collateral and deploying on the Ethereum mainnet. Radiant is built on LayerZero Labs’ architecture, another Binance Labs portfolio business. By acting