Day: March 12, 2025

Binance introduces review mechanism to remove unqualified tokens

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Binance announced on March 12 that its Alpha platform has implemented a new comprehensive token review framework that will aim to remove tokens that don’t meet certain quantitative and qualitative criteria. The quantitative metrics include trading volume stability, liquidity depth, frequency of onchain transactions and distribution of tokenholders. The qualitative metrics include project team credibility, adherence to regulatory compliance, community popularity and more. Tokens that don’t meet these standards will be removed from Binance Alpha, the announcement said. Binance Alpha is a platform within the company’s Wallet service that highlights…

Rumble Acquires $17.1 Million In Bitcoin As Part Of Treasury Strategy

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Rumble (NASDAQ: RUM), the video-sharing platform and cloud services provider, has announced the purchase of approximately 188 Bitcoin, valued at around $17.1 million, as part of its previously disclosed Bitcoin treasury strategy. Acquired at an average price of approximately $91,000 per coin, this purchase is a part of the company’s plan to allocate up to $20 million into Bitcoin. “We are excited to announce these purchases and allocation of Bitcoin as part of our treasury strategy as well as a larger strategic move as we further expand our ties to…

Indian authorities arrest alleged Garantex founder for US extradition

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Officials with India’s Central Bureau of Investigation (CBI) announced the arrest of Lithuanian national Aleksej Bešciokov, who was alleged to have operated the cryptocurrency exchange Garantex.  In a March 12 notice, the CBI said police in the Indian state of Kerala had coordinated with national authorities to arrest Bešciokov. The Lithuanian national was reportedly vacationing in India with his family and planning to leave the country. The arrest of the alleged Garantex founder was based on US charges of conspiracy to commit money laundering, conspiracy to operate an unlicensed money-transmitting…

SEC vs. Ripple lawsuit could end soon as negotiations drag on

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Key Takeaways The SEC’s case against Ripple is expected to conclude soon as negotiations continue. Ripple’s legal team is seeking changes to a court ruling to avoid a $125 million fine. Share this article The years-long legal battle between the US SEC and Ripple Labs is nearing resolution, as both sides negotiate the details of the August district court ruling, FOX Business journalist Eleanor Terrett reported Wednesday, citing two sources with knowledge of the matter. 🚨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the…

Binance secures $2 billion from Abu Dhabi’s MGX

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Key Takeaways Abu Dhabi’s MGX invested $2 billion in Binance, marking the largest-ever crypto company investment. The investment gives MGX a minority stake in Binance to support blockchain technology development. Share this article Binance announced Wednesday that the company has secured $2 billion from MGX, the Abu Dhabi-based investment firm that backed Trump’s $100 billion AI plan alongside OpenAI, SoftBank Group, and Oracle as part of the Stargate initiative. The funding is the largest crypto company investment to date and the first institutional investment in the leading crypto exchange, according…

Debifi Is The Premier Non-Custodial P2P Bitcoin-Backed Lending Platform For Institutions

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Founder: Max Kei (CEO) Date Founded: March 2024 Location of Headquarters: Lugano, Switzerland Website: https://debifi.com/ Public or Private? Private Max Kei is a builder in the Bitcoin P2P space as well as a seasoned banker, which makes him uniquely qualified to create Debifi, a noncustodial, bitcoin-backed P2P lending platform that primarily serves institutions. Kei’s work in the Bitcoin space began in 2017, when he first contributing to Hodl Hodl, which quickly became a widely used noncustodial P2P trading platform. In 2020, he helped the exchange launch Lend at Hodl Hodl,…

California Legislators Endorse Bitcoiner For $500 Billion Pension Board

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California Legislators have endorsed bitcoin nonprofit founder Dom Bei in his campaign for a seat on the board of the California Public Employees’ Retirement System (CalPERS). CalPERS oversees a massive $500 billion pension fund serving over 2 million public sector retirees. If elected, Bei would be the first openly pro-bitcoin voice on the 13-member board. Bei is a 16-year veteran firefighter who founded Proof of Workforce, a nonprofit providing bitcoin education to workers, unions and pension funds. He previously served on Santa Monica’s pension advisory board and played a key…

Russia’s central bank considers allowing crypto purchases for qualified investors

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Key Takeaways Russia’s central bank seeks to enable crypto purchases for highly qualified investors only. The experimental legal regime excludes crypto as a means of payment between residents. Share this article The Bank of Russia has submitted proposals to the government outlining a regulatory framework for crypto investments, according to a Wednesday press release published on the bank’s website. The proposals, developed based on instructions from President Putin, would allow crypto purchases for a limited group of “especially qualified” investors under a three-year experimental legal regime. As stated, eligible participants…

Here are the funds awaiting SEC approval so far

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American asset manager Franklin Templeton has entered the growing XRP exchange-traded fund (ETF) race, becoming the latest firm to file for a spot XRP ETF in the United States. Franklin Templeton’s XRP (XRP) ETF is designed to track the performance of the XRP price, with XRP holdings stored at Coinbase Custody Trust, according to an official filing with the US Securities and Exchange Commission on March 11. On the same day, the SEC postponed decisions on multiple crypto ETF filings, including Grayscale’s proposal to convert its XRP Trust into an…

Securitize to bring BUIDL tokenized fund to DeFi with RedStone price feeds

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Real-world asset (RWA) tokenization company Securitize has selected RedStone as the primary oracle provider for its tokenized products, which include BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and the Apollo Diversified Credit Securitize Fund (ACRED). According to a March 12 announcement, RedStone will deliver price feeds for current and future tokenized products offered by Securitize. As a DeFi-focused oracle provider, RedStone will purportedly expand the use cases of BUIDL and ACRED into money market exchanges and collateralized DeFi platforms, Securitize said. RedStone provides crosschain data feeds for decentralized finance protocols…