Daily Quotes (November 14, 2023 21:00)
ChainDD's market data on November 14 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $36,585.29, down about 0.78% in 24 hours;
ETH was at $2,048.48, down about 0.51% in 24 hours;
BNB was at $245.55, down about 0.07% in 24 hours;
DOGE was at $0.07463, down about 4.06% in 24 hours;
DOT was trading at $5.41, down about 2.87% in 24 hours.
Chain Circle Dynamics
Standard Chartered Bank launches new blockchain unit Libeara to tokenize Singapore dollar government bond fund
The venture capital arm of Standard Chartered Bank announced the launch of a new blockchain division, “Libeara,” which aims to help institutions use blockchain to digitize financial instruments with the goal of reducing the need for intermediaries.
Libeara is working with Singapore-based fund platform solutions provider FundBridge Capital to create the first tokenized Singapore dollar government bond fund for professional investors, which is expected to be launched at a later date, subject to regulatory approval from Singapore authorities.
Central Bank of Brazil: Unlicensed crypto exchanges can still operate before relevant regulations are issued
The Central Bank of Brazil has issued a statement clarifying the regulatory status of cryptocurrencies in the country regarding the operation of unlicensed exchanges. According to the bank, the conditions and deadlines for the adaptation of Virtual Asset Service Providers (VASPs) to the Brazilian Cryptocurrency Law will be determined in a later normative bill.
In addition, the head of the bank’s financial system supervision department, João André Calvino Marques Pereira, revealed that cryptocurrency platforms can still operate without a license during this period until the relevant regulations are issued.
US court issues protective order regarding disclosure of materials in SEC vs. Binance lawsuit
A U.S. court has granted a protective order that will govern the production, use, and disclosure of all information and materials provided by any party in the SEC’s litigation against Binance entities and its CEO CZ.
Pursuant to a court order, any party may designate as confidential any discovery material that it reasonably believes to be confidential information because it falls into at least one of the categories described by the court. Some of these categories include:
1. Nonpublic trade secrets, proprietary information, and financial information, including earnings reports or estimates, percentage fees, design fees, royalties, minimum deposits, sales reports, and sales margins.
2. Nonpublic materials relating to ownership or control of any unlisted company and nonpublic customer information, including customer identities.
The order further states that the parties recognize that the confidential designation will not apply to all documents and information produced during discovery and that the designation will apply only to specifically qualified discovery materials as set forth by the court’s order.
Cryptocurrency News
Judge orders termination of automatic stay between FTX and BlockFi, allowing parties to negotiate settlement of claims
A U.S. judge has ordered an end to the automatic stay between FTX and BlockFi, meaning the two companies can begin negotiations on a settlement of claims.
BlockFi filed for bankruptcy in late November, in part due to the ripple effects of FTX's sudden collapse earlier that month. This triggered an automatic stay that halted proceedings between the two companies. It is estimated that BlockFi has about $355 million in funds frozen on FTX, and Alameda Research still owes BlockFi $671 million.
Earlier on October 25, BlockFi announced that its bankruptcy plan had taken effect and would repay creditors according to relevant terms.
Affected by the rumors of "BlackRock XRP ETF", XRP liquidation of $7.1622 million in the past 24 hours
Coinglass data shows that in the past 24 hours, XRP liquidation was US$7.1622 million, of which long positions were liquidated US$4.7601 million, accounting for 66%.
Earlier today, a document that looked like BlackRock's application for an XRP ETF caused a temporary rise in the price of XRP. The document was submitted to the Delaware Corporation Department and published on its website. The document contains details that match similar BlackRock filings, including the name and address of its registered agent. It is similar to previous filings for Bitcoin and ETH, but mentions XRP.
However, a BlackRock spokesperson confirmed that the filing was not related to BlackRock.
USDT total market value exceeds US$87 billion, setting a new historical high
CoinGecko data shows that the total market value of USDT has exceeded US$87 billion, currently reaching US$87.087 billion, setting a new historical high.
Coinbase employees and others request a review of the case where Tornado Cash was included in the sanctions list
Court documents show that six people, including two Coinbase employees (Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon, Kevin Vitale and Nate Welch), have submitted the case of the U.S. Treasury Department's inclusion of Tornado Cash on the sanctions list to the Fifth Circuit Court, which will review the case.
Earlier in August, in a lawsuit supported by Coinbase regarding Tornado Cash sanctions, District Court Judge Robert Pitman stated in a document that the partial summary judgment motions of plaintiffs Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon, Kevin Vitale, and Nate Welch were rejected.
They argued that the ruling exceeded statutory authority because Tornado Cash is not a person but an agreement, a view Pitman rejected: "Tornado Cash has founders, developers, and a DAO to manage the platform." The court held that Tornado Cash is an association in the ordinary sense and therefore an entity that can be designated under OFAC regulations.
FTX Charity Head Demands FTX Pay $275,000 in Unpaid Bonuses
Ross Rheingans-Yoo, who was previously hired by SBF to assist FTX with charitable donations, said in court documents on Monday that FTX still owed him $275,000 in bonuses. It is reported that FTX paid him $375,000 about two months before its bankruptcy in November 2022. Earlier this year, FTX's new management filed charges against Rheingans-Yoo, claiming that he had assisted SBF's illegal activities while serving in FTX's charity department.
FTX’s bankruptcy advisers claimed that approximately $71.5 million in customer funds were misappropriated by FTX’s charitable arm, FTX Foundation, and Latona Bioscience Group, a nonprofit company led by Rheingans-Yoo.
Rheingans-Yoo said in the statement: "I was not part of Bankman-Fried's inner circle who knew about and assisted in the misappropriation of FTX customer funds. I was not aware of SBF's fraud. I did not aid and abet his breach of fiduciary duties to the debtor." Rheingans-Yoo said he was hired by SBF in early 2022 to manage Latona Bioscience with a base salary of $100,000. Rheingans-Yoo worked as a trader at Jane Street before joining FTX, and SBF also worked at Jane Street.
Reuters: Ransomware LockBit says Industrial and Commercial Bank of China has paid the ransom
Ransomware-as-a-service (Raas) cybercrime group LockBit said the Industrial and Commercial Bank of China paid a ransom following a hack last week, Reuters reported, but the statement could not be independently verified.
Note: LockBit ransomware is designed to prevent users from accessing computer systems in exchange for a ransom. It can automatically review valuable targets, spread infection and encrypt all accessible computer systems on the network. Previously, the LockBit ransomware gang stole a large amount of customer data from the cryptocurrency trading platform PayBito and demanded a ransom.
The Financial Supervisory Service of South Korea has established a virtual asset listing working group and will publish guidelines for listing and delisting next year
South Korea's financial authorities plan to release guidelines for the listing and delisting of virtual assets in the first half of next year. The Financial Supervisory Service (FSS) of South Korea recently formed a virtual asset listing task force (TF) with external experts to begin formulating "standard regulations for listing, maintaining online status, and delisting."
A person from the Financial Supervisory Service of Korea said that they plan to reach a conclusion and report to the National Assembly in July next year, a few months before the implementation of the "Majority Asset User Protection Act".