Former FTX executives Backpack exchange expands to 11 US states
Amid tightening global crypto regulations, Backpack, a crypto exchange founded by former FTX executives, has broadened its reach to 11 US states, including California, Colorado, Indiana, Missouri, Wyoming, and others. In a Feb. 21 announcement on the social media platform X (formerly Twitter), the company disclosed its availability to residents within the states above, with […]
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Why the future of crypto hinges on user-friendly KYC verification
As crypto aims to go mainstream, improving user experience around Know Your Customer (KYC) processes is becoming a high priority. This was the key theme explored in a recent episode of SlateCast featuring Marcus Bengtsson, CMO of digital identity platform Checkin.com. The Friction of KYC While more robust KYC measures are needed to comply with […]
Alex Mashinsky wants to continue retaining SBF’s defense lawyers for his trial
Celsius co-founder and ex-CEO Alex Mashinsky intends to rely on the same lawyers used by former FTX CEO Sam Bankman-Fried (SBF) to defend him against the criminal charges filed by the Department of Justice’s Southern District of New York (SDNY) in July 2023, Bloomberg News reported on Feb. 20. Prosecutors have asked Judge John Koeltl […]
Coinbase International Exchange hits $1 billion in daily trading volume
Coinbase’s non-US exchange saw over $1 billion in daily trading volume on Feb. 20. Coinbase International Exchange wrote: “In the last 24 hours [our] perpetual futures surpassed $1 billion in notional contract volume traded.” Coinbase CEO Brian Armstrong commented that it was the “first time” the non-US unit surpassed the $1 billion daily volume mark […]
Bitwise Bitcoin ETF approved investment option for $30 billion advisor network
Bitwise Bitcoin ETF Trust (BITB) was recently approved as an investment option for a $30 billion network of Registered Investment Advisors (RIAs). Bitwise CEO Hunter Horsley revealed this development via social media platform X (formerly Twitter) on Feb. 19, noting that advisors within the network are now authorized to allocate funds with BITB, typically ranging […]
Top wirehouses will become involved with spot Bitcoin ETFs, Galaxy executive says
A representative from Galaxy has predicted that spot Bitcoin ETFs will gain further adoption in the coming months, as reported by FOX Business on Feb. 19. Steve Kurz, global head of Galaxy Asset Management, said: “I’d be surprised in the next year if the top 10 wirehouses are not involved in this … We will […]