We round up the week’s most important news from crypto-industry participants.<\/p>\n
Austria-based Raiffeisenlandesbank Nieder\u00f6sterreich-Wien (RLB N\u00d6-Wien) will integrate<\/a> cryptocurrency trading into its investment platform in the first quarter of 2024. The service will be delivered in cooperation with Bitpanda.<\/p>\n The product line currently includes more than 2,500 digital assets. The service will be available to all segments, including retail, high-net-worth, and corporate clients.<\/p>\n In October 2022 the German neobank N26 announced<\/a> the addition of cryptocurrency trading through a partnership with Bitpanda.<\/p>\n Genesis Global Capital, the lending arm of DCG<\/span>, filed a suit against Bitcoin exchange Gemini demanding to return the preferential transfers totaling $689.3 million, which could prejudice other creditors.<\/p>\n According to the complaint, the transfers occurred within the 90-day period preceding Genesis’s bankruptcy proceedings<\/a>.<\/p>\n The filing asked to “correct this injustice” and restore the defendants to the same position as Genesis and other creditors.<\/p>\n In November Genesis sought court approval<\/a> of a proposed settlement with the collapsed<\/a> cryptocurrency hedge fund Three Arrows Capital. The parties agreed that claims against the latter would be reduced from $1 billion to $33 million. The payment would satisfy Genesis’s claims.<\/p>\n In May FTX filed a suit against Genesis seeking to return $3.9 billion<\/a>. The amount of claims later shrank to $2 billion. Ultimately the parties agreed to pay $175 million<\/a> to Alameda Research.<\/p>\n On December 25, Osaka Digital Exchange starts<\/a> the first in Japan trading of digital securities. The issuer will be Ichigo, a Tokyo-based company. The instruments will be secured by real estate valued at more than $20 million.<\/p>\n On September 15, local media reported<\/a> that the Japanese government was considering raising startup funding by issuing security tokens<\/a> instead of shares.<\/p>\n Singapore-based payments platform Alchemy Pay has obtained<\/a> a MTL<\/span> license from the Iowa regulator, and the Bitcoin exchange Bitvavo has secured licensing to operate in France from the AMF<\/span>.<\/p>\n The MTL license grants the right to money transfers and custody services, including crypto. In September, Alchemy Pay received a similar license from Arkansas regulators. The company expects to obtain approvals from regulators in other states in the coming months.<\/p>\n Alchemy Pay operates in 173 countries via payment systems including Visa, Mastercard, mobile wallets, and domestic transfer networks.<\/p>\n In November, Bitvavo received Austria regulatory approval. The exchange expanded its offerings in Italy in 2022 and has applied for registrations in other European countries.<\/p>\n Also on ForkLog:<\/p>\n On November 21, Binance agreed<\/a> to pay $4.3 billion to FinCEN and OFAC; Changpeng Zhao left the CEO post<\/a> and posted a $175 million bond<\/a> to remain at large.<\/p>\n ForkLog looked back at the tough six months for the crypto exchange and highlighted the key events.<\/p>\n","protected":false},"excerpt":{"rendered":" We round up the week’s most important crypto-industry news.<\/p>\n","protected":false},"author":1,"featured_media":87482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1232,1233],"class_list":["post-87481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-industry-digest","tag-industry-digests"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87481"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87481\/revisions"}],"predecessor-version":[{"id":87483,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87481\/revisions\/87483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87482"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Genesis Global Capital sues Gemini seeking return of $689.3 million in preferential transfers<\/strong><\/h2>\n
Osaka Digital Exchange to become the first in Japan to trade digital securities<\/strong><\/h2>\n
Alchemy Pay received a license in Iowa, Bitvavo in France<\/strong><\/h2>\n
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What to read this weekend?<\/strong><\/h2>\n