This Week's Reading

Hey Guys after some time i thought i would once again post some of the things i read and for this week i am going full on crypto.

Dinari Raises $7.5M for Decentralized Stock Trading Platform

Dinari, which aims to provide access to real-world asset backed tokens, has announced a $7.5 million seed investment ahead of the ex-U.S. launch of its dShare Platform.
Investors included SPEILLLP, a member of the Susquehanna International Group of companies, 500 Global and Balaji Srinivasan, the former chief technology officer of Coinbase. Other backers in the round included Third Kind Venture Capital, Sancus Ventures and Version One VC.

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Dinary Link : https://www.dinari.com/

Binance, the Biggest Player in Crypto, Is Facing Legal Risks Over Russia

Binance is helping Russians move money abroad, potentially adding to its sprawling legal problems in the U.S., the Wall Street Journal reported. The cryptocurrency giant, led by founder Changpeng Zhao, joined many other major international companies early last year in scaling back its business in Russia, one of its largest markets by trading volume at the time. After Russia invaded Ukraine, Binance said it had stopped working there and was implementing Western sanctions requirements. It restricted trading on its platform in Russia. But Binance’s exchange continues to handle substantial ruble trading volumes, externally compiled data show.
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SEC Set to Greenlight Ether-Futures ETFs in Win for Crypto Industry

he US Securities and Exchange Commission is poised to allow the first exchange-traded funds based on Ether futures, a major win for several firms that long have sought to offer the products.

The regulator isn’t likely to block the products, which would be based on futures contracts for the second-largest cryptocurrency, according to people familiar with the matter. Nearly a dozen companies, including Volatility Shares, Bitwise, Roundhill and ProShares, have filed to launch the ETFs.
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Ex-OpenSea manager sentenced to 3 months in prison for NFT insider trading

A U.S. judge sentenced a former product manager at OpenSea, the world's largest marketplace for non-fungible tokens (NFTs), to three months in prison on Tuesday for buying NFTs he knew would soon be featured on the site's home page.

Nathaniel Chastain, 33, was convicted of fraud and money laundering in federal court in Manhattan in May for what prosecutors called the first insider trading case involving digital assets.
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Blockchain Capital’s Bart Stephens Lost $6.3 Million In SIM-Swap Crypto Hack

Bart Stephens, cofounder and managing partner of crypto fund Blockchain Capital who was an early and prominent evangelist for cryptocurrencies, has filed a lawsuit against an anonymous hacker who stole $6.3 million of bitcoin, ether and other cryptocurrencies from his digital wallets.
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