SG-FORGE Reveals the EUR CoinVertible Stablecoin, Three Silvergate FTX-related Lawsuits Combined, Voyager Strikes Deal with US Government to Sell Assets to Binance.US
Societe Generale–FORGE (SG-FORGE), a subsidiary of investment banking group Societe Generale dedicated to digital assets, has launched a stablecoin named EUR CoinVertible. It will be pegged to the euro on the Ethereum blockchain and offered to institutional clients. The stablecoin is designed to link traditional capital markets with the digital assets ecosystem. US prosecutors are requesting a seven-year prison sentence for Reginald Fowler, a former minority owner of NFL team Minnesota Vikings. He pleaded guilty to running a crypto shadow bank that lost $850m in customer funds held for Bitfinex, and has been accused of gambling while awaiting sentencing. Turkish crypto exchange Thodex’s founder Faruk Fatih Özer has been extradited to Turkey and detained on charges of fraud and running a criminal organisation. Bitget has completed its crypto registration in Lithuania, which allows the firm to offer crypto-related services in or from the country while adhering to regional laws and regulations. Deribit will launch zero-fee spot trading for three pairs on 24 April. P2P.org raised $23m in a funding round lead by Jump Crypto, Bybit and Sygnum. The firm plans to use the funding to focus on research and development initiatives, building its community, and developing blockchain infrastructure. Finally, fintechs ZEBEDEE and Guilds will host Bitcoin Games Day on 22 April. The event will see gamers around the world compete for bitcoin rewards to celebrate over a decade of bitcoin rewards in gaming.
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